saloni shah

/Saloni Shah

About Saloni Shah

This author has not yet filled in any details.
So far Saloni Shah has created 121 blog entries.

Cipla’s Ugandan unit aims to raise $45mn

2018-08-17T13:15:07+00:00August 17th, 2018|Uncategorized|

The Ugandan unit of Indian drugmaker Cipla priced its initial public offering on Tuesday at 256.5 Ugandan shillings per share, aiming to raise $45 million from its listing on the Kampala stock exchange next month. Cipla Quality Chemical Industries, which is majority owned by India's third-largest drugmaker, is selling 657,179,319 shares, or an 18 per cent stake in the company. It makes a range of drugs including antiretrovirals, anti-malaria and Hepatitis B and C drugs, which it sells mostly in [...]

IISc to be part of India-UK smart cities project

2018-08-17T13:08:32+00:00August 17th, 2018|Uncategorized|

Indian Institute of Science (IISc) will be one of the key research partners in an international, multi-institutional research into Smart City reforms and their impact on sustainable urban mobility. The two-year India-UK project will look at the transport governance arrangements, trace the impact of governance reforms, engage with practitioners and develop a community of researchers on Smart Cities. A release said the project will look at four case study sites: Bengaluru, Jaipur, Ranchi and Bhubaneshwar. The core project team experts [...]

Carlyle may invest $100mn in BDR Pharma

2018-08-17T13:09:15+00:00August 17th, 2018|Uncategorized|

US-headquartered private equity firm Carlyle is in talks with promoters of Mumbai-based BDR Pharma to invest $100 million in the drug company, the funding for which is expected to be used in expanding the company’s operations. BDR Pharma which manufactures drugs across therapy areas such as oncology, critical care and gynaecology is looking to expand its business into new geographies. Dharmesh Shah, MD, BDR Pharma said the company will be going for aggressive expansion by making investments worth $70 million [...]

EIL to invest $100mn for LPG terminal at Okha

2018-08-16T10:54:16+00:00August 16th, 2018|Uncategorized|

Energy Infrastructure (India) Ltd (EIL), a 100 per cent subsidiary of the Netherlands-based Energy Infrastructure Butano (Asia) BV has been recently selected by Gujarat government to set up a Liquefied Petroleum Gas (LPG) terminal project at Okha for an investment of $100 million, according to two senior state government officials. The Pradhan Mantri Ujjwala Yojana (PMUY) has given the much-needed boost to revive the project in Gujarat that was stuck for some time, they said. The Okha LPG project has [...]

Amazon invests $385mn in India operations

2018-08-16T10:48:50+00:00August 16th, 2018|Uncategorized|

Amazon, the world’s largest e-commerce player, has invested $385 million in its Indian operations, which completed five years in July. The fresh infusion of funds comes months after the US-based retail giant Walmart acquired Amazon's Indian rival, Flipkart. Amit Agarwal, Country Head and Senior Vice President, Amazon India said recently that the parent would not hold back from further investments in the Indian operations. The investments were made into Amazon Sellers Pvt Ltd, the marketplace set up for sellers to [...]

Future Retail may tie up with a foreign investor

2018-08-16T08:25:03+00:00August 16th, 2018|Uncategorized|

Indian businessman Kishore Biyani said his flagship company Future Retail could close a deal with a foreign investor in the next two months on the back of a large database created from nearly 500 million customers visiting his stores annually. “Ultimately, it’s all about how formidable we all are as players get bigger and you need an alliance. We can’t sell more than 10 per cent and foreign portfolio investor (FPI) is the only route available. It should take two-three [...]

Hyundai plans to introduce EV range in India

2018-08-14T12:38:40+00:00August 14th, 2018|Uncategorized|

South Korean auto major Hyundai Motor is planning to introduce its full range of electric vehicles in India as it tries to expand its product offerings to compete with market leader Maruti Suzuki for a bigger share of the Indian roads. Y.K. Koo, MD of Hyundai Motor India, said the aim is to have a range of electric cars in India and cater to buyers in different price segments. The company is currently studying various aspects of battery manufacturing and [...]

Ethiopia beckons Tirupur garment exporters

2018-08-14T12:27:29+00:00August 14th, 2018|Uncategorized|

After Asian countries, Ethiopia is beckoning garment exporters from Tirupur in Tamil Nadu, the knitwear hub of the country, as they struggle to cope with Goods and Services Tax (GST) implementation issues and withdrawal of export incentives in India. Already, a few units from Tirupur have set up base in Ethiopia, which is tipped to become the next Bangladesh, one of India’s main rivals in garment exports. A combination of factors not available in India seems to be attracting exporters [...]

Climate Connect to raise up to $10mn

2018-08-14T12:15:58+00:00August 14th, 2018|Uncategorized|

London-based Indian energy start-up Climate Connect is seeking to raise $5-10 million in a Series B round within the next six months, the company’s founder and chief executive officer Nitin Tanwar said in an interview. It had earlier raised a $1.2 million Series A round from Amsterdam-based Miller Turner Group. Climate Connect, which deploys artificial intelligence (AI) and machine learning technology software across the energy generation, transmission and distribution spectrum, currently works with a portfolio of 20GW. The company offers [...]

Guess plans India unit, new stores

2018-08-13T08:02:15+00:00August 13th, 2018|Uncategorized|

Los Angeles-based lifestyle brand and retailer Guess plans to set up an Indian subsidiary — Guess India — to relaunch the brand and expand its retail presence by opening company-owned stores, a departure from the earlier model where stores were operated by franchisees. Lander Isasi, managing director for Guess — Middle East, Southeast Asia, Australia and India, said: “The immediate plan is to launch two-three stores, followed by another 8-10 stores over the next year or two.” The initial phase [...]