Blackstone crosses $12 billion investment milestone in India

BENGALURU : Blackstone Group LP has invested $3.6 billion as of end-September in India, its record for a single year in the country, said a person directly familiar with the development. With this, total investments by the New York-based firm across private equity (PE) and real estate deals have crossed $12.6 billion. Blackstone aims to surpass the $13 billion mark […]

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Mastercard to invest $1 billion to develop India as global tech node

This investment will help foster innovation and increase Mastercard’s speed-to-market capabilities and value-added services Global card payments major Mastercard, on Monday, said it will invest $1 billion in India over the next five years, with plans to make the country a global technology node for its platforms. The company has already invested $1 billion in […]

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India Requires $60-80 Billion Investment Over the Next 5 Years in Grid Infrastructure: IEEFA

India will need an investment to the tune of $60-80 billion over the next five years in grid infrastructure to accommodate its tremendous growth in renewable energy capacity, said a brief note published by the Institute of Energy Economics and Financial Analysis (IEEFA). The note highlights that India’s growing renewable energy additions are outgrowing the grid capacity. […]

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AT&T’s big $1 billion tax bill investment was announced 6 weeks ago

AT&T on Wednesday announced plans to invest an additional $1 billion in the United States after the passage of the Republican tax bill. President Trump read the announcement at a ceremony at the White House celebrating the tax bill on Wednesday afternoon. “That’s pretty good,” he said. It was also pretty good when AT&T made essentially the […]

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GE announces $15 billion of business deals with Saudi Arabia

It came as dozens of senior U.S. business executives met Saudi counterparts at a conference coinciding with the visit of President Donald Trump to Riyadh. The agreements, which involve almost $7 billion of goods and services from GE itself, range from the power and healthcare sectors to the oil and gas industry and mining, GE […]

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Mobile Marketing Will Generate $400 Billion in Sales by 2015

If you sell directly to U.S. customers or provide marketing services to clients who do, pay attention. A recent report says a growing mobile market is already generating billions in U.S. sales. And businesses are also spending billions to market to customers via mobile channels. The Mobile Marketing Association, a global trade association for the mobile […]

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