India received USD 51 billion in foreign investment in 2019 and was the world’s 9th largest recipient of foreign direct investments (FDI) in 2019, according to a report by the UN’s trade body. The UN Conference on Trade and Development (UNCTAD) said in a report on Monday that a lower but positive economic growth in […]

Haryana State Industrial and Infrastructure Development Corporation will bring in a new policy for allotment of industrial plots on a leasehold basis in industrial estates in a bid to attract companies wanting to shift their manufacturing units from abroad. HSIIDC will bring in a new policy for allotment of these industrial plots on a first […]

Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen (USD 9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork. SoftBank, founded in 1981, said Monday the drop in share prices around the world from the fallout […]

Chinese billionaire Jack Ma is stepping down from the board of SoftBank Group Corp., as the Japanese technology company struggles over its risky investments such as office-sharing venture WeWork. Tokyo-based SoftBank announced Ma’s resignation Monday, ahead of releasing financial results. It did not say why he was leaving. Ma, co-founder of Chinese eCommerce giant Alibaba, […]

Leading global tech investor Silver Lake agreed to pay Rs 5,655.75 crore, to buy a 1.15 percent stake Jio platform. The firm that houses by billionaire Mukesh Ambani’s telecom. However, this investment comes within days of Facebook investing USD 5.7 billion to buy a 9.99 percent stake in Jio Platforms. Also, the investment is at […]

On Wednesday the Competition Commission (CCI) said it has approved the acquisition of shares by $300 million investment by Hyundai Motor and Kia Motors in ANI Technologies and Ola Electric. With the partnership, most of the new investment will be infused into ANI Technologies. Furthermore, Hyundai and Kia will take a minority stake in Ola […]

The Japanese conglomerate SoftBank will invest $2 billion in ride-hailing giant Grab to create a next-generation transportation network to transform the healthcare services. SoftBank will invest the US$2 billion into the country through Grab, to drive the digitization of crucial services and infrastructure – Singapore-headquartered Grab The considerable Softbank investment will also help Grab build […]

Microsoft has clinched a new partnership agreement with Elon Musk-funded OpenAI. Microsoft has made this move as a follow-up to its interest in expanding its Azure cloud computing service. OpenAI aims to integrate artificial intelligence (AI) supercomputing technologies. Recently, Microsft has invested $1 billion dollars towards developing an Azure-based hardware and software platform geared for […]

In a major announcement, Ritesh Agarwal, CEO, and founder of Oyo Hotels & Homes of India has informed that his company plans to invest 300 million dollars for its expansion in the United States. This growth has been driven by the Oyo Hotels and Oyo Townhouse brands of the company. The company is already established […]

Reserve Bank of India (RBI), the central bank of the country, has been looking for ways to help bad-loans burdened Indian banks, and at a recent symposium hosted by the Institute of Indian Economic Studies in Tokyo, RBI has urged foreign investors to acquire corporate bonds in order to mobilise growth in the Indian economy. […]