Investment News

Mahindra and Mahindra is planning to invest Rs 12,000 crore over three years and has also allocated Rs 600 to Rs 800 crore for its nascent e-vehicle business. The company is planning a major product offensive to recapture its top position and fight off growing stiff competition. It will launch a multi-utility vehicle or MPV […]

Punjab is focusing on environment-friendly electric vehicles in a big way. Chief Minister Capt. Amarinder Singh is meeting representatives of auto companies trying to make a paradigm shift towards the environment-friendly electric vehicles. State Government is likely to come up with a new industrial policy with focus on the same. Mahindra & Mahindra, that employs […]

India opened a probe into whether Chinese solar-equipment makers are hurting its domestic industry by dumping inventories and driving down prices to unfair levels. “A causal link between the said dumping and injury exists to justify an initiation of an anti-dumping investigation,” according to a notification published on the website of the Directorate General of […]

Fourteen under construction hydro power projects of above 25 Mw have been stalled due to various reasons, leading to cost overrun of Rs 25,593.78 crore, the government said on Monday. “As of July 1, 2017, there are 14 under construction hydro power projects (above 25 Mw), totalling 5,055 Mw, which are stalled due to various […]

Jakson Group will invest Rs 650-700 crore in a greenfield solar plant in Gujarat. The solar plant will have a capacity of 1,000 MW of solar modules and 250 MW of solar cells in three years. The company has identified the plots where the plant will be based and is expected to have 500 MW […]

Competition regulator approved the proposed merger between Vodafone India and Kumar Mangalam Birla-owned Idea Cellular on Monday, a key step in paving way for creation of India’s largest telecom company by subscribers. Idea Cellular confirmed the Competition Commission of India’s approval to the merger under sub section (1) of section 31 of the Competition Act.“The […]

Eli Lilly and Co. (LLY) and Nektar Therapeutics (NKTR) Monday announced a strategic collaboration to co-develop NKTR-358, an immunological therapy discovered by Nektar. Compound is intended to reat a number of autoimmune and other chronic inflammatory conditions. Under the terms of the agreement, Nektar will receive an initial payment of $150 million and is eligible […]

Merck, Pfizer and Corning Incorporated have announced collaborations that have enabled the modernization of pharmaceutical packaging with the introduction of Corning Valor Glass. This revolutionary pharmaceutical glass packaging solution enhances the storage and delivery of today’s drug formulations and provides more reliable access to medicines essential to public health. Deep pharmaceutical formulation and manufacturing process […]

About $23 billion is planned to be invested in the oil and gas fields of the KG Basin, Oil Minister Dharmendra Pradhan told Parliament on Monday. “The operators of blocks /fields in KG basin under Production Sharing Contract (PSC) regime and nomination fields have submitted DoC (Declaration of Commerciality)/FDP (Field Development Plans) for the commercial […]

Finance Minister Arun Jaitley will head a 3-member ministerial panel to oversee and expedite the sale of government stake in oil refiner HPCL to explorer ONGC, Oil Minister Dharmendra Pradhan said on Monday. Hindustan Petroleum Corp Ltd (HPCL) will remain a public sector unit with a separate board and brand identity post Oil and Natural […]