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    Nykaa raises $9mn from Steadview Capital

    2020-05-13T05:16:31+00:00May 12th, 2020|India Inc Views - India Global Business, News in Brief|

    Steadview Capital, the Hong Kong and London based hedge fund pumped in $13.19 million in Nykaa last month. Online cosmetics and beauty products retailer Nykaa raised an additional $9 million from Steadview Capital. The Hong Kong and London based hedge fund had pumped in $13.19 million in Nykaa last month, which had valued the Mumbai-based start-up at about $1.2 billion. Following the deal, Steadview Capital will be holding a 3 per cent stake in the Falguni Nayar-led firm. The capital [...]

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      More firms eye stake in Jio Platforms

      2020-05-13T06:27:05+00:00May 12th, 2020|India Inc Views - India Global Business, News in Brief|

      General Atlantic and Saudi Arabia’s Public Investment Fund look to join Jio. Two more firms are eyeing a share of Reliance Industries $65-billion digital unit Jio Platforms. New York-based private equity firm General Atlantic is discussing a potential investment of close to a billion dollars in Mumbai-based company. Saudi Arabia’s $320-billion Public Investment Fund (PIF) is also considering buying a minority stake in Jio unit. While the deals are yet to be finalised, the investments could be sealed this month. [...]

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        Apple to shift part of its production to India

        2020-05-13T06:32:25+00:00May 12th, 2020|India Inc Views - India Global Business, News in Brief|

        Major boost to Make In India if Apple shifts 20 per cent production capacity to India. Electronics and technology giant Apple Inc is planning to move nearly one-fifth of its production capacity from China to India. It will also ramp up its local manufacturing capabilities through its contract manufacturers Foxconn and Wistron to achieve $40 billion worth of production over the next five year. The Cupertino-based company reportedly wants to reap the benefits of the Indian government’s new production-linked incentives [...]

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          Jio-Facebook: Match made in heaven or an expedient medium-term partnership?

          2020-08-20T04:46:39+00:00May 12th, 2020|Home Page, The Big Story North America - India Global Business|

          Facebook’s purchase of a 10 per cent stake in Jio Platforms for $5.7 billion looks like a win-win for both partners and burnishes India’s image as an FDI hotspot even during a lockdown, and many analysts are speculating how this will play out in the long term. Highlights: Facebook bought a 9.99 per cent stake in Jio Platforms, RIL’s wholly-owned subsidiary that houses its telecom venture and most of its digital assets, for $5.7 billion. This is the largest investment [...]

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            Right time for India to push for greater FDI inflows

            2022-02-08T15:50:55+00:00April 24th, 2020|2020, Home Page, North America Edition – 24 April-07 May 2020, The Big Story North America - India Global Business|

            Despite a global recession, India is expected to be among the few countries that will still grow, offering foreign investors an ideal FDI destination as they look to relocate their factories away from China. Highlights: The IMF predicts India’s growth rate to bounce back to 7.4 per cent next year. India can escape recession due to its fewer linkages with global supply chains and its dependence on domestic consumption as the primary driver of GDP growth. India’s large domestic market [...]

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              The pandemic may open new doors for India-Japan ties

              2022-02-08T14:35:23+00:00April 24th, 2020|2020, Country Focus - India Global Business, Home Page, India Inc Views - India Global Business, North America Edition – 24 April-07 May 2020, UK Edition – 24 April-07 May 2020|

              The increasing paranoia regarding China opens up several avenues for India and Japan to build a stronger bilateral partnership. Highlights: Japanese PM Shinzo Abe announced a corpus of $2.2 billion to help Japanese firms relocate their supply chain network from China. India tweaked its FDI policy to include China in the list of countries where any investment would need the government’s approval. The Gujarat government is preparing a bouquet of incentives to attract Japanese firms looking to shift from China. [...]

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                Realising the potential of the India-UK-Israel trade triangle

                2020-05-11T04:10:20+00:00March 27th, 2020|2020, Despatch Box, India Inc Views - India Global Business, UK Edition – 27 March-09 April 2020|

                Technology offers new and improved ways to bolster trilateral trade relations between the three nations. Highlights: Despite strong bilateral ties between India, Israel and the UK, opportunities for trilateral trade have not been fully realised. The UK Israel Tech Hub has generated 175 tech partnerships between UK and Israeli companies, worth an estimated $103 million. The UK India Tech Hub was launched to support start-ups and entrepreneurs post the success of its UK-Israel counterpart. As post-Brexit UK is looking for [...]

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