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News on Medial
First Trump-branded office project in India eyes $289 mn in sales
VCCircle
·
5m ago
Medial
Tribeca Developers, the Trump Organisation's partner in India, launched the first Trump-branded commercial real estate project, "Trump World Center," in Pune, targeting over $289 million in sales. India is now the Trump brand's largest real estate market outside the US. The project, in collaboration with Kundan Spaces, is expected to complete in four years. Tribeca plans to launch additional Trump-branded residential projects in northern and southern India soon, forecasting a combined sales potential of $1.15 billion.
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Meesho Bolsters Branded Products Play With Meesho Mall, Eyes Festive Sale Fervour
Inc42
·
1y ago
Medial
Indian ecommerce unicorn Meesho is expanding its presence in the branded products space ahead of the festive season sales. The company will list longtail and branded products on its in-app branded store, Meesho Mall, with a focus on categories such as beauty and personal care, footwear, and electronics accessories. Meesho aims to offer a diverse and affordable selection to its consumers while also supporting emerging and regional brands looking to reach a larger audience. The in-app store is expected to be a significant monetization tool in the future.
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CapitaLand acquires first phase of Pune IT park project
VCCircle
·
1y ago
Medial
CapitaLand Investment Trust has completed the first phase of acquiring an IT park project in Pune, India. The project, called Blueridge 3, consists of two office buildings and a cafeteria block with a total leasable area of 1.8 million square feet. CapitaLand acquired phase one, which includes an office and a cafeteria block, for around Rs 773 crore ($93m). The trust's portfolio now includes three business parks in Pune, and its total completed floor area has increased to about 21 million square feet.
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100Unicorns targets $200M fund as it eyes MENA investment opportunities
YourStory
·
8m ago
Medial
Early-stage VC fund 100Unicorns has opened its first international office in Abu Dhabi. The office will act as a gateway to the MENA region, creating a curated cross-border corridor between India and the UAE for startup investments. The fund, formerly known as 9Unicorns, aims to develop 100 high-potential startups into billion-dollar companies within a decade. Since its launch in 2020, it has funded 145 startups, including Shiprocket and Zypp Electric, and helped six reach valuations over $200m and 30 exceed $50m in three years.
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IFC eyes $35-mn stake in telecom infra firm iBus
The Arc Web
·
1y ago
Medial
The International Finance Corporation (IFC), the investment arm of the World Bank, is planning to invest $35 million in iBus Networks and Infrastructure. iBus provides internet connectivity services to corporate parks, hotels, and malls. This potential investment follows the majority stake acquisition of almost 60% by the National Investment and Infrastructure Fund earlier this year. iBus counts backers such as Morgan Stanley Infrastructure Fund, Ranjan Pai's family office, and Vallabh Bhanshali's family office. The company has seen growth in its revenue, but also reported a loss in FY23.
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Is Trump Mobile first family's latest effort to cash in on the White House? What you need to know
Economic Times
·
2m ago
Medial
The Trump Organization, managed by Donald Trump Jr. and Eric Trump, has launched a new venture, Trump Mobile, a virtual mobile phone service. The service, branded with Trump's image, offers a "47 Plan" to commemorate Trump as the 47th president. Operated under a licensing deal, Trump Mobile doesn't involve the Trump Organization directly in production. Critics express concern over potential conflicts of interest, with the business leveraging Trump's political persona for profit.
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Foreign smartphone sales in China drop 12.7% in August, data show
Economic Times
·
11m ago
Medial
Sales of foreign-branded smartphones, including Apple's iPhone, in China declined by 12.7% YoY in August. Data from the China Academy of Information and Communications Technology (CAICT) revealed that 1.87 million foreign-branded phones were sold during the month, down from 2.142 million in the previous year. However, the overall phone sales in China saw a growth of 26.7% YoY, reaching 24.05 million handsets in August.
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Fintech unicorn OneCard seeks $100 Mn at flat valuation
Entrackr
·
1y ago
Medial
Mobile-first credit card startup OneCard, operated by FPL Technologies, is reportedly in discussions to raise up to $100 million in a Series E financing round with both new and existing investors. While this would be the company's first funding round of the year, sources suggest that the valuation will remain largely unchanged, likely around $1.5 billion. OneCard offers co-branded credit cards and has a credit score tracking and management app called OneScore with over 80 million users. The company turned unicorn in 2022 after a Series D round led by Temasek.
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Trump family’s new business partner is India’s richest man
Livemint
·
2m ago
Medial
The Trump family's new business venture involves partnering with Mukesh Ambani, India's richest man and chairman of Reliance Industries Ltd. This collaboration is part of a broader strategy to engage in foreign deals, marking a shift from past reluctance to intertwine business with international politics. Investors developing Trump-branded projects globally have significantly increased their fees to the Trump Organization, highlighting a robust foreign investment interest in their real estate ventures.
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Vietnam's VinFast to set up $500 mln EV facilities in India
Reuters
·
1y ago
Medial
Vietnamese electric vehicle (EV) maker VinFast has entered an agreement to establish its first manufacturing facilities in India with an investment of up to $2 billion. The project, in partnership with the state of Tamil Nadu, aims to start construction this year and generate 3,000 to 3,500 jobs locally. VinFast plans to make EV batteries in Thoothukudi, Tamil Nadu, and intends for the project to become a leading EV production hub in the region with an annual capacity of up to 150,000 vehicles. India is targeting 30% EV sales by 2030.
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Trump Mobile launches, hyping $499 US-made phone amid Apple threats
Arstechnica
·
2m ago
Medial
The Trump Organization announced the launch of Trump Mobile, featuring a flagship wireless plan named "The 47 Plan" and a Trump-branded "T1 Phone" priced at $499. The service, marketed for its American values and pride, uses existing 5G networks from major carriers. The phone, billed as US-made, faces skepticism, with critics noting potential licensing deals rather than genuine innovation, and challenges in competing against established brands like Apple.
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