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Assam secures Rs 1.24L Cr in investments via 28 MoUs across key sectors
YourStory
·
5m ago
Medial
Assam has secured Rs 1,24,335 crore in investments with 28 MoUs signed at the Advantage Assam 2.0 Summit 2025 in Guwahati, inaugurated by Prime Minister Narendra Modi. Key sectors attracting investments include renewable energy, infrastructure, healthcare, and education. Notable agreements feature partnerships with Singapore and the Bill & Melinda Gates Foundation. Major investors include Vedanta, Adani Group, Tata Power, and DP World. This initiative aims to enhance industrial innovation, sustainable development, and global partnerships in Assam.
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Zomato secures Rs 8,500 Cr via QIP
Entrackr
·
8m ago
Medial
Zomato Limited announced on Friday that it has raised Rs 8,500 crore through a Qualified Institutions Placement (QIP) of equity shares. Last week, the foodtech firm received shareholders’ approval for the fundraise. The issuance involved 33,64,73,755 equity shares at Rs 252.62 each, including a premium of Rs 251.62 per share. This issuance price represents a 5% discount on the determined floor price of Rs 265.91 per share, the company informed in its stock exchange filings. This capital infusion is expected to bolster Zomato's financial position, facilitating business expansion and strategic initiatives, especially in the quick commerce space via Blinkit. The offering, which opened on November 25 and closed on November 28, received approval from Zomato’s Fund Raising Committee during its meeting held earlier today. Prominent mutual funds, such as ICICI Prudential and Motilal Oswal, were among the significant allottees, with the latter acquiring a total of 6.92 crore shares, accounting for 20.81% of the issue size. After the transaction, Zomato’s paid-up equity share capital has risen to Rs 917.28 crore. For the fiscal year ending in, Zomato achieved a remarkable 68.5% quarter-on-quarter growth in operating revenue, reaching Rs 4,799 crore in Q2 FY25 from Rs 2,848 crore in Q2 FY24. The company also recorded a 4.8x increase in net profit to Rs 176 crore in the September quarter. A recent report by Motilal Oswal highlights that Blinkit, owned by Zomato, dominates the quick commerce market with a 46% share. Zepto holds the second position with a 29% share, while Swiggy Instamart follows in third place with a 25% market share. Compared to the closing price of last Friday (November 22), Zomato saw a 6.8% rise to Rs 282 per share at 11:30 AM on November 29, 2024. The company’s market cap currently stands at around Rs 2,35,481 crore or $28 billion, while its closest rival, Swiggy, is trading at Rs 470 per share with a market cap of Rs 90,712 crore or $10.7 billion.
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Tata Group Puts Assam On Global Map With Semiconductor Plant
Internet
·
1y ago
Medial
Tata Group's Rs 27,000 crore investment in Assam's semiconductor plant, supported by the Assam government, aims to make the state a key player in semiconductor manufacturing. Union Minister Ashwini Vaishnaw underscores its significance for India's self-reliance. The facility by Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) targets various sectors, with production set to start in 2026.
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RIL to invest Rs 50,000 cr in Assam in five years; set up AI data centre, mega food park, double Reliance Retail stores: Mukesh Ambani
Business Today
·
5m ago
Medial
Reliance Industries Limited (RIL) plans to invest Rs 50,000 crore in Assam over the next five years, establishing an AI data centre, a mega food park, and doubling Reliance Retail stores. Announced at the Advantage Assam Summit, the investment will also support compressed biogas hubs and a seven-star Oberoi Hotel. This initiative is expected to create significant employment opportunities and benefit sectors like agriculture and bamboo, enhancing Assam's presence in national development.
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PLI schemes attract Rs 1.76 lakh cr investment, create 12 lakh jobs: Govt
Economic Times
·
1m ago
Medial
India's production-linked incentive (PLI) schemes have attracted Rs 1.76 lakh crore in investments and generated over Rs 16.5 lakh crore in output, creating 12 lakh jobs by March 2025. The government has disbursed Rs 21,534 crore across 14 sectors, including electronics, pharma, and textiles. The PLI program aims to boost domestic manufacturing, reduce imports, and enhance exports. Significant growth has been seen in sectors like pharmaceuticals, food processing, and textiles, benefiting MSMEs and rural areas.
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Indian Funding Roundup: Who Got Funded on 28 May 2025?
StartupTalky
·
2m ago
Medial
Indian Funding Roundup on 28 May 2025 highlights key investments across various sectors in India. Notable funding includes Orbitt Space raising $1 million in spacetech, Myntra receiving $125 million from its parent company, and Pallet securing $27 million for AI supply chain tech. Ventures in AI, fashion, finance, and agritech also saw significant capital support, indicating heightened investor interest. These funds are aimed at facilitating growth and expansion for both startups and established firms in India's vibrant business landscape.
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Investment MOUs worth Rs 16 lakh crore signed in Davos: Fadnavis
YourStory
·
6m ago
Medial
Maharashtra signed MoUs worth Rs 16 lakh crore at the World Economic Forum in Davos, aiming to boost its GDP to $1 trillion by 2030, as part of India's $5 trillion economy target. Chief Minister Devendra Fadnavis attributed this to investor confidence in policy continuity and Prime Minister Narendra Modi. Agreements span various sectors, with the state committed to ensuring these translate into real investments. Indian leaders emphasized collective growth for national progress.
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PM to distribute more than 51,000 appointment letters under Rozgar Mela
IndianStartupNews
·
1y ago
Medial
Prime Minister Narendra Modi will distribute over 51,000 appointment letters to new recruits via video conferencing on August 28. The Rozgar Mela will take place across 45 locations in India and is conducted by the Ministry of Home Affairs to hire personnel for various central armed police forces (CAPFs) including CRPF, BSF, SSB, Assam Rifles, CISF, ITBP, and NCB, as well as Delhi Police. The new recruits will serve in roles such as Constable (General Duty) and Sub-Inspector (General Duty), strengthening CAPFs and Delhi Police for roles like internal security, counter-terrorism, insurgency combat, and border protection.
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PayPal Ventures-backed Mintoak secures Rs 71 Cr in secondary funding
Entrackr
·
7m ago
Medial
PayPal Ventures-backed Mintoak secures Rs 71 Cr in secondary funding Mintoak, a merchant SaaS platform catering to banks and merchant acquirers, has raised Rs 71 crore (around $8.2 million) in a secondary funding round led by Z3Partners. As part of this transaction, Z3Partners will acquire a minority stake from some of Mintoak’s early institutional investors. However, the company did not disclose the names of the investors involved in the secondary transaction. In February 2023, the Mumbai-based startup raised $20 million in its Series A funding round led by PayPal Ventures and others. In December 2022, HDFC Bank acquired a minority stake in the Mumbai-based fintech startup Mintoak for a cash consideration of $3.7 million. It then increased its stake to 7.75% from the current 5.20%. The Mumbai-based firm has raised Rs 192 crore (nearly $25 million) to date. Founded by Raman Khanduja, Rama Tadepalli, and Sanjay Nazareth, the company’s product suite includes a range of SaaS offerings that help banks and merchant acquirers connect with their small and medium enterprise (SME) customers and drive the cross-sell of financial products. The seven-year-old firm claims to serve over 1.5 million merchants across leading banks, including HDFC Bank, SBI, and YES Bank in India and international markets such as Africa and the Middle East. The startup enables merchant acquirers to deploy and rapidly scale their SME base through payments, cross-selling, service, and gamified loyalty campaigns. Mintoak claims to have empowered 3 million merchants across 6 countries in South Asia, Africa, and the Middle East. According to the startup data intelligence platform TheKredible, Mintoak registered Rs 72.59 crore in revenue from operations in FY24 against Rs 42.3 crore in FY23. During the period, its losses jumped twofold to Rs 21.45 crore. Z3Partners invests in high-growth, tech-driven companies across India, focusing on sectors such as consumer tech, fintech, healthtech, SaaS, and tech-enabled businesses. The firm’s portfolio includes companies like Altum Credo, Bhanzu, DealShare, Shipsy, TrueFan, among others. Some of its prior investments have been Bigbasket, OfBusiness, and others.
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Tata Group to invest in electronic manufacturing unit, green energy sector in Assam
YourStory
·
5m ago
Medial
Tata Group plans to invest Rs 25,000 crore in an electronics manufacturing unit in Assam, focusing on semiconductor technology and green energy sectors. The investment aims to boost economic development, create 30,000 jobs, and establish a renewable energy partnership with the state government. Chairman Natarajan Chandrasekaran highlighted the semiconductor unit in Jagiroad as a key project, alongside initiatives for solar rooftops in 3 lakh households and generating 5 GW of renewable energy over six years.
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India’s first semiconductor fab to begin production in 2026
Livemint
·
1y ago
Medial
Tata Group plans to start commercial production at India's first semiconductor fabrication unit, located in Assam, by 2026. The plant, operated by Tata Electronics, aims to produce semiconductor chips starting at 28 nanometers and will serve various sectors including automotive, power, electronics, consumer, and medical. Another semiconductor fabrication plant is also being developed in Dholera, Gujarat by Tata Electronics in partnership with Powerchip Semiconductor Manufacturing Corp. The goal is to establish India as a semiconductor nation and reduce dependency on international supply chains. The projects are expected to create over 50,000 jobs and attract significant investments.
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