Ola raises around $16 million from J3T Ventures, HBM Investment, others

Ola raises around $16 million from J3T Ventures, HBM Investment, others

SoftBank-backed Ola has raised another tranche of around $16 million from at least nine new investors, including J3T Ventures and HBM Investment in its ongoing Series J round, according to documents filed with the Registrar of Companies (ROC) and sourced...
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GST, demonetisation brought 1.8 million people under tax net: Govt official

GST, demonetisation brought 1.8 million people under tax net: Govt official

India has informed the UN that the Goods and Services Tax reform implemented by it, coupled with the demonetisation of high-value currency notes, has brought 1.8 million more people into the income tax net. Additional secretary in the ministry of...
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IIFL Investment Managers to raise $500 million real estate credit fund

IIFL Investment Managers to raise $500 million real estate credit fund

Mumbai: IIFL Investment Managers, the wealth and asset management business of IIFL Holdings Ltd, is launching its latest real estate debt fund with a target corpus of almost $500 million, said a senior executive of the firm. “We are launching a...
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EESL firms up £100 million investment plan to buy heat, power utility in UK

EESL firms up £100 million investment plan to buy heat, power utility in UK

New Delhi: State-run Energy Efficiency Services Ltd (EESL) is firming up a £100 million investment plan for buying a combined heat and power utility in the UK, and investing in firms that are setting up fast-charging electric vehicle (EV) infrastructure and....
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Two Indian renewable power producers plan to sell $750 million in domestic bonds

Two Indian renewable power producers plan to sell $750 million in domestic bonds

Two of India’s biggest renewable energy companies, Greenko Group PLC and ReNew Power Ventures Pvt Ltd, plan to sell a combined $750 million worth of rupee-denominated bonds in the domestic market, three bankers told Reuters on Tuesday. The pair turned...
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India to buy 1 million tonnes Australian liquefied natural gas after new price maths

India to buy 1 million tonnes Australian liquefied natural gas after new price maths

India will buy an additional one million tonnes (mt) per annum of liquefied natural gas (LNG) from Australia’s Gorgon project after it got Exxon Mobil Corp to cut price agreed to eight years ago. Exxon will charge 12.5% of prevailing Brent...
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