Cabinet clears $275 Mn Volvo investment in JV with Eicher
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) Thursday approved a foreign direct investment (FDI) of $275 million (Rs.10.43 billion) ...
Friday, 25 July 2008, 11:44 Hrs
Intel Capital pumps $17 Mn into 3 Indian firms
Singapore: Chipmaker Intel's venture capital arm Intel Capital said on Thursday it would pump $17 million into three Indian companies, comprising t...
Friday, 25 July 2008, 11:44 Hrs
Appirio announces series B financing
San Mateo: Appirio, which delivers products and professional services that help businesses accelerate their adoption of on-demand solutions, has an...
Thursday, 24 July 2008, 09:28 Hrs
Soma Networks secures additional $51 Mn
San Francisco: Soma Networks, a provider of Mobile WiMAX products and professional services, has announced that it has secured an additional $51 mi...
Tuesday, 22 July 2008, 11:57 Hrs
Bank of India to raise $1.84 Bn via bonds
Mumbai: The state-owned Bank of India (BoI) will raise $1.84 billion (Rs.73.6 billion) from bonds to meet its capital requirement and credit growth, it said Friday. In a regulatory statement, BoI said it would raise tier-I and tier-II capital through the issuance of innovative perpetual debt instruments (IPDI), preference shares, tier-II bond...
New Bahrain firm to fund India's first logistics city
Dubai: Bahrain's Khaleeji Commercial Bank (KCB) has launched a new firm, Global Logistix Navi Mumbai Investment Company, to fund the development of India's first integrated logistics city project in Mumbai's satellite township. The new company has a target capital of $430 million, which will aid in the development of the project that is set t...
UST Global to go public in U.S.
Thiruvananthapuram: Kerela based UST Global, provider of end-to-end IT services and BPO solutions, planning for its IPO in U.S. However, the move i...
Tata Metaliks to invest Rs.750 Mn in sinter plant
Kolkata: Pig iron manufacturer Tata Metaliks will invest Rs.750 million over the next two years to construct a sinter plant at its Kharagpur unit, ...
M&A, PE investment halved in Indian IT, ITeS
New Delhi: As U.S. slowdown affects the global economy and currency woes disturb the markets, the IT sector also has taken the brunt. The investmen...
