Now a days nothing escapes Reliance’s attention. Gone are the days when it used to be extremely averse to do tie-ups/ JV’s. With next generation getting a bigger say and future becoming more and more unpredictable, Reliance seems to have decided – ‘we can not play a wait and watch’ and more importantly ‘we can … Read more
MD of Tube Investments of India (TII) has said that the Company will be soon launching electric tractors and three wheelers. Key points to note – Initially a low HP electric tractor will be launched, maximum by July 2022. Electric three wheeler will be launched by August 2022. Both these segments are selected as the … Read more
Jio is investing $200 mn into Glance. Key points to note – Glance, founded in 2019 is a subsidiary of inmobi. Glance has two platforms: Roposo – creator led live entertainment commerce Glance – live entertainment, commerce and gaming on mobile lock screen For it’s investment, Jio willl get about 17% stake in Glance, implying … Read more
Chip shortage is leading new facilities coming up globally. Now Vedanta and Foxconn have joined together to set up one in India. Key points to note – A new JV has been set up where Vedanta will hold majority and Hon Hai Technology Group (also known as Foxconn) will hold minority. Quantum of investment, entity … Read more
February 3, 2022 In recent times, after DLF and Lodha, Godrej Properties (GP) seems to be the next one with aggressive ambitions in the Indian Real Estate Sector. The Company has been on a spree of land acquisitions and product launches. Now it has announced a strategic partnership with D B Realty (DBR) to target … Read more
The Company is buying 25% into Lavelle Networks Private Limited (LNPL). Key points to note – Investment amount is not disclosed. LNPL’s scale and financials are not disclosed. Reason for not disclosing – confidentiality. Rationale for investment: LNPL founded in 2015 is claimed to be a front runner in Software Defined Wide Area Networks (SD … Read more
Zomato continues to make more investments into start-ups/ emerging companies. 1. Rs 112.2 crore for 19.48% into Adonmo Private Limited Founded in 2016, Adonmo is focused on outdoor digital advertising. The Company reported a revenue of Rs 3.3 crore in FY 21. Investment by Zomato is cash consideration and values Adonmo at Rs 576 crore. … Read more
Indiamart has recently announced a series of acquisitions/ investments. 1. Rs 500 crore for 100% buyout of Busy Infotech Private Limited Consideration is entirely paid in cash. The company provides ‘BUSY Accounting Software’ – a web based business accounting solution for the companies. The solution also offers GST billing & return filing, TDS/TCS, configurable GST … Read more
Hero Electric (HE) is different from Hero Motocorp that we all know. HE belongs to Vijay Munjal, the cousin brother of Pawan Munjal and is currently run by Vijay’s son Naveen Munjal. HE was amongst the 1st ones to have targeted EV space in India – working on it for last 15 years. Currently there … Read more