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INDIA INVESTMENT NEWS

State-owned Indian Oil Corporation along with its partner Bharat PetroResources Ltd (BPRL) has won an oil block in Abu Dhabi, where the two will invest USD 170 million. https://economictimes.indiatimes.com/industry/energy/oil-gas/ioc-bprl-wins-oil-block-in-abu-dhabi/articleshow/68561243.cms

The third edition of the Dell EMC Global Data Protection Index, finds that organizations in India saw 130% growth in data from 2016-2018, as against a global average of 569%. The total amount of data managed by Indian firms grew from 2.79 PB in 2016 to 6.43PB in 2018. https://economictimes.indiatimes.com/tech/ites/india-sees-130-growth-in-data-in-two-years-dell-emc-data-protection-index/articleshow/68558578.cms

The University of Chicago has tied up with the Tata Centre for Development for taking up 27 research projects that aim to provide new evidence-based solutions to certain development and policy problems. https://www.business-standard.com/article/companies/uchicago-tata-centre-tie-up-to-rate-india-s-most-polluting-industries-119032500306_1.html

DLF, the country’s largest real estate developer, announced the launch of a Qualified Institutional Placement (QIP) programme to raise Rs 3,175 crore. This is part of an earlier decision to cut its then massive debt, of Rs 28,500 crore only two years earlier. https://www.business-standard.com/article/companies/dlf-to-raise-rs-3-200-crore-via-qualified-institutional-placement-programme-119032501108_1.html

Infrastructure company Larsen & Toubro (L&T) has won various contracts across India, including for construction of hospitals in Jharkhand, a commercial complex in Hyderabad and a manufacturing facility in Gujarat. https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/lt-wins-contracts-for-building-hospitals-commercial-complex-manufacturing-capacity/articleshow/68562759.cms