NEW DELHI: Amid expectations of easing curbs on investment from China, finance minister Nirmala Sitharaman on Wednesday said government will maintain checks on FDI in the “national interest,” given the sensitivity in the region.“We want business, we want investments, but we also need some safeguards because India is located in a neighbourhood, which is very,…
Representative Image Aditya Birla Digital Fashion Ventures Ltd, a wholly owned subsidiary of Aditya Birla Fashion and Retail Ltd, has invested Rs 75 crore in Wrogn, the men’s wear brand backed by Accel and cricketer Virat Kohli. “ABDFVL, a wholly owned subsidiary of the company, has infused Rs 75 crore of the final remaining portion…
Actor Rana Daggubati New Delhi: Actor Rana Daggubati has invested an undisclosed amount in an all-white lifestyle brand Kingdom of White.In a media release on Monday, the digital first brand shared that it aims to build its brand presence across India with an omnichannel approach. On this collaboration, Vineet Haralalka, co-founder of Kingdom of White,…
MUMBAI: The US Citizenship and Immigration Services (USCIS) has updated its policy manual to ensure protection to the ‘good faith’ investors who have participated in the EB-5 (Investment-linked green card) program.The EB-5 program is also referred to as the investment-linked green card program. It is gaining traction among the Indian diaspora, in particular those who…
New Delhi: Former Puma India-MD Abhishek Ganguly, who last year acquired B2B sports footwear manufacturer Mochiko under his athleisure wear startup Agilitas Sports, plans to double Mochiko’s production capacity over the next 3-4 years. Talking to ETRetail, Ganguly shared that the company is building a large facility for Mochiko in Noida which is expected to…
NEW DELHI: In a bid to create plug-and-play infrastructure for industry to set up factories, the cabinet committee on economic affairs Wednesday cleared 12 new industrial cities with an investment of Rs 28,600 crore, with the largest one, spread over 6,000 acre, to come up near Dighi port in poll-bound Maharashtra. At least three of…
Venture capital firm Accel has invested $9 million in Uppercase, nearly doubling the new-age luggage maker’s valuation after the investment to $60 million. The investment is earmarked for fuelling the brand’s expansion through new retail stores domestically as well as in Europe and the Middle East by next year, cofounder and managing director Sudip Ghose…
BENGALURU: Chevron, the American energy giant, plans to invest $1 billion in a new cutting-edge engineering and technology centre in Bengaluru.The facility, dubbed the Chevron Engineering and Innovation Excellence centre or “The Engine,” represents a milestone for the 145-year-old, $200-billion revenue company as it aims to develop affordable, reliable and cleaner energy solutions for the…
Representative Image Ethnic wear brand Fashor has raised USD 5 million in a funding round from early-stage venture capital firm Blume Ventures. The funds will be used for omnichannel expansion, building the brand, and strengthening the supply chain. Founded by Vikram and Priyanka Kankaria, the brand’s offerings are available through its website, app and fashion…
NEW DELHI: Bharti Global, the international investment arm of Bharti Enterprises, on Monday announced the acquisition of a 24.5% stake in iconic BT Group plc from Altice UK, which will make it the largest shareholder in the company that once owned 21% in Bharti Airtel.Bharti has already acquired 9.9% in the UK’s top fixed and…
