Softbank investing in Jio as Mukesh Ambani deleverages business

NEW DELHI: Japan’s Softbank is reportedly looking to make a $ 2-3 billion investment in India’s fastest-growing telecom firm Reliance Jio as billionaire Mukesh Ambani looks to deleverage business by selling stakes. This comes on the back of reports of Saudi giant Aramco in discussions to buy a 25 per cent stake in Reliance Industries’ refining and […]

Read More →
Tata’s investment in GMR signals business of airports is taking off

With air passenger growth rising year after year in India, the airports business should have attracted investors by the hordes. But on the contrary, investors have been fleeing. Shares of GMR Infrastructure Ltd and GVK Power and Infrastructure Ltd, who hold large stakes in Indian airports, have fallen 57% and 65%, respectively, in the past 10 years, compared […]

Read More →
IIFL fund leads $130 mn investment in Northern Arc Capital

Non-banking financial company Northern Arc Capital Ltd said on Tuesday that it has secured a fresh investment of Rs 910 crore (around $130 million) from a clutch of institutional investors. IIFL Special Opportunities Fund and Standard Chartered Private Equity (SCPE) — both existing investors — along with Affirma Capital contributed to the round, Northern Arc […]

Read More →
India-funded educational campus inaugurated in Nepal

Educational campus constructed with Government of India’s  financial grant of 35.5 million Nepalese rupees was inaugurated. An educational campus constructed with Government of India’s financial grant of 35.5 million Nepalese rupees was inaugurated in Nepal yesterday. The newly constructed three storey building of Siddheshwar Education Public Campus in Ramechhap district comprises of 12 classrooms, faculty […]

Read More →
Why Did Boeing Put So Much Technology in the 737 MAX? To Make Money

President Trump implied  that complicated technology might have led to the Boeing 737 MAX disaster (a point since vigorously attacked), tweeting:  “Airplanes are becoming far too complex to fly. Pilots are no longer needed ….and the complexity creates danger. All of this for great cost yet very little gain. I don’t know about you, but I don’t want Albert Einstein […]

Read More →
Audi unveils A6 Lifestyle Edition in India with rear seat entertainment features, priced at Rs 49.99 lakh

NEW DELHI: German luxury car maker Audi Tuesday launched its A6 sedan Lifestyle Edition in India, priced at Rs 49.99 lakh. The A6 Lifestyle Edition is equipped with new added features and accessories such as rear seat entertainment, mobile coffee machine Espresso Mobil and entry exit lightswith Audi logo projection, among others, Audi India said in a statement. […]

Read More →