India Extends $190-million line of credit to Mauritius for the Metro Express Project Indian Prime Minister Narendra Modi and his Mauritian counterpart Pravind Jugnauth jointly inaugurated the India-assisted Social Housing Units Project in Mauritius through video-conferencing on January 20, 2022. Read more
IIMK LIVE and Indian Bank ink MoU to disburse loans upto Rs 50 Crore for Startups under ‘IndSpring Board’ Scheme The Indian Institute of Management Kozhikode’s (IIMK) Business incubator Laboratory for Innovation Venturing and Entrepreneurship (LIVE) has signed a Memorandum Read more
Microsoft to acquire video gaming company Activision Blizzard for $68.7 bn Microsoft Corp. is set to acquire game making company, Activision Blizzard Inc., in an all-cash transaction for $68.7 billion. ($95.00 per share). This acquisition will boost the competitiveness of Read more
Indifi joins hand with GPay to offer instant digital credit to SMEs Small businesses-focused online lending platform Indifi Technologies has collaborated with Google Pay to provide instant loans to eligible medium, small and micro enterprises (MSMEs) merchants through the Google Pay platform. The Read more
Adani Group inks MoU with South Korea’s largest steelmaker POSCO to develop steel mill in Gujarat Industrialist Gautam Adani-led Adani Group and South Korea’s largest steelmaker POSCO have signed a non-binding memorandum of understanding (MoU) to explore business opportunities in India. Read more
Reliance acquires controlling stake of 73.37% in New York’s Mandarin Oriental hotel for around $270 mn Reliance Industries Ltd (RIL) has announced the acquisition of controlling stake in Mandarin Oriental New York, a premium luxury hotel in midtown Manhattan. RIL Read more
Cabinet approves MoU with Nepal for construction of bridge over Mahakali river at Dharchula in Uttarakhand The Cabinet Committee on Economic Affairs (CCEA) has approved a Memorandum of Understanding (MoU) between India and Nepal for the construction of a bridge Read more
UN World Food Programme tie up with The Akshaya Patra Foundation for PM-POSHAN Scheme The United Nations World Food Programme (WFP) in India has partnered with The Akshaya Patra Foundation to enhance the effectiveness of the Pradhan Mantri Poshan Shakti Read more
State Bank of India invests USD20 million in payment solutions provider Pine Labs India’s largest lender, the State Bank of India has invested $20 million (Rs 150 crore) in Pine Labs Pvt Ltd. Pine Labs is an Indian merchant commerce platform Read more
Google acquires Israeli cybersecurity startup Siemplify for $500 mn Alphabet Inc-owned Google has acquired Israeli cybersecurity startup Siemplify, in a deal worth $500 million. This acquisition will expand U.S. tech giant’s security offerings in the country amid rising cyber attacks. Read more