HDFC Bank Secures $300M Through Sustainable Finance Bonds
HDFC Bank, India’s largest private sector lender by market capitalisation, has raised $300 million through its first ever sustainable finance bond issue. The bond is part of a larger $750 million raise through Regulation S Bonds, which are offered to investors outside the US. HDFC Bank’s Sustainable Finance Bond Details The sustainable finance bond has […]
Cactus Venture Partners raises Rs 630 for Startup Fund
Cactus Venture Partners closes maiden fund at Rs 630 crore Cactus Venture Partners, an India-focused early growth stage venture capital firm, has announced the final close of its maiden fund at Rs 630 crore ($75.8 million). The fund will invest in startups in health tech, climate tech and B2B SaaS sectors, with a cheque size […]
Kerala Startup: Celebrated at the Global AI Summit
Kerala is emerging as a hub of innovation and excellence in the field of artificial intelligence (AI), as evidenced by the recent achievements of its startups at the global stage. One such startup is International Virtual Assistance Pvt Ltd (IVA), a deep-tech company based in Technopark, Thiruvananthapuram, that has bagged the prestigious ‘Best Research Company […]
Tata Neu ONDC Route to Compete with Swiggy, Zomato
The Tata Group’s super app, Tata Neu, is ready to enter the online food ordering sector by leveraging the Open Network for Digital Commerce (ONDC), a government-backed initiative to standardize e-commerce platforms. Tata Neu aims to offer a wide range of food options from various eateries across cities, challenging the dominance of Swiggy and Zomato […]
ANRF Act Provisions: A Closer Look
The Anusandhan Research Foundation (ANRF) Act is a landmark legislation that aims to transform India’s research and innovation landscape. The Act was brought into force on February 5, 2024 by the Government of India, fulfilling its commitment to make research and innovation the fulcrum of growth and development of the country. What is ANRF Act […]
SHRESHTA: A Scheme for Progress
SHRESHTA is a new scheme launched by the government to provide quality residential education to meritorious SC students in the best private schools in the country. The scheme aims to empower SC students and facilitate their socio-economic progress. What is SHRESHTA? SHRESHTA stands for Scheme for Residential Education for Students in High Schools in Targeted […]
Shadowfax Stake Bought by NewQuest Gets CCI Nod
NewQuest Asia Fund IV (Singapore) Pte, a private equity fund of TPG Group, has received approval from the Competition Commission of India (CCI) to acquire a stake in Shadowfax Technologies, a tech-enabled logistics platform. What is Shadowfax Technologies? Shadowfax Technologies is a crowd-sourced and tech-enabled logistics platform that provides delivery services to various sectors such […]
Kotak Mahindra GI 70% Stake Bought by Zurich Insurance
Zurich Insurance Company Ltd., a leading global insurer, has received approval from the Competition Commission of India (CCI) to acquire up to 70% stake in Kotak Mahindra General Insurance Company Ltd. (Kotak Mahindra GI), a subsidiary of Kotak Mahindra Bank Ltd. The deal is expected to be completed by June 30, 2024. Background of Kotak […]
CPIH, AIL – II, Ontario Inc. Acquires Interise: CCI Approval
The Competition Commission of India (CCI) has approved the proposed combination involving acquisition of 100% shareholding of Interise Investment Managers Limited by the CPIH, AIL – II. and Ontario Inc. Who are the acquirers? CPIH, AIL – II and Ontario Inc. are the acquirers in this deal. CPPIB India Private Holdings Inc. (CIPH) is a […]
NHAI and Maharashtra Sign MoU for Ropeway Projects
The Maharashtra government has joined hands with the National Highways Logistic Management Limited (NHLML), a 100 per cent owned special purpose vehicle of the National Highway Authority of India (NHAI) for infrastructure development, to implement ropeway as part of the National Ropeway Programme ‘Parvatmala’. The state government has proposed a total of 40 ropeway projects […]