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Indian beauty brand Kama Ayurveda which runs about 40 stores in India is expanding its portfolio and will add 16 new stores to its existing kitty. The brand, which has been backed by Lighthouse Funds and sugar baroness Rajshree Pathy, has recently launched in airport locations like Raipur, Indore, Amritsar and Coimbatore. https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/kama-ayurveda-to-add-16-stores-in-2019/articleshow/67991208.cms

Bengaluru-based developer Adarsh Group has launched three projects in north Bengaluru. The launch will see the company make significant additions to its residential portfolio. Out of the three projects launched, two will solely be luxury villas while the third will be apartments for the mid-income segment. https://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/article26276281.ece

Neelachal Ispat Nigam Ltd (NINL), a state-run steel company jointly promoted by MMTC Ltd and two Odisha government entities, has initiated talks with companies of international repute to build a bar and wire rod mill inside the premises of its steel facility at Kalinganagar (Odisha). https://www.business-standard.com/article/companies/neelachal-ispat-in-talks-with-foreign-firms-for-800-000-tonne-wire-rod-mill-119021300947_1.html

An industrial park at Gopalpur off the coast of south Odisha, where Tata Steel SEZ is the anchor tenant, has bagged fresh investment. The latest investment intent is from an edible oil company. The investment is estimated at Rs 300 crore and the plant will have a capacity of 396,000 tonnes per annum. https://www.business-standard.com/article/companies/tata-steel-sez-s-gopalpur-park-to-house-rs-300-cr-edible-oil-plant-119021400474_1.html

State-run thermal power producer Odisha Power Generation Corporation Ltd (OPGC) is on the verge of commissioning a 1,320-Mw (660×2 units) project at Jharsuguda. OPGC is adding two 660-Mw supercritical units as part of its expansion at Ib Valley at a cost of about Rs 11,000 crore. https://www.business-standard.com/article/companies/opgc-to-complete-1-320-mw-odisha-expansion-project-worth-rs-11-000-cr-soon-119021401261_1.html

Sterlite Power has submitted bids for two storage projects in the recently concluded auction of Salt River Project utility in Arizona, USA. Bids have been submitted for a cumulative capacity of 400 mega watt (MW). https://economictimes.indiatimes.com/industry/energy/power/sterlite-power-bids-for-two-battery-energy-storage-projects-in-us/articleshow/67988135.cms

US private equity firm KKR is in advanced negotiations to invest as much as Rs 2,000 crore in the Emami Group through a structured credit deal, people with knowledge of the matter. Emami is seeking to repay some of its high-cost debt and raise funds for working capital requirements. https://economictimes.indiatimes.com/industry/cons-products/fmcg/kkr-in-advanced-talks-to-put-rs-2000-crore-in-emami/articleshow/68001918.cms

Cloud-based software firm Zoho Corporation will be adding around 1,000 more employees to its existing manpower of 7,000 and is on track to meet its target of 10,000 employees by next year. The firm, which launched two data centres in India last year, is planning to set up one data centre each in Australia and New […]

Digital transformation solutions company UST Global has launched UST FORTUNA, a private platform that promises to deliver cloud services, including server-less computing, at competitive prices and speed. https://www.thehindubusinessline.com/todays-paper/tp-news/article26276226.ece