Perfint Healthcare Pvt Ltd reported it had raised $7.2 million capital for expansion and investments in a round that was led by Northwest Venture Partners (NVP). The Chennai based medical equipment company said it had raised the amount in the second round of financing that saw existing investors in the company, Accel Partners India and

The London stock listed company, Essar Energy PLC, Tuesday announced that its Indian subsidiary, Essar Power Limited made an investment acquisition for a 100% stake in Navabharat Power Pvt Ltd. The investment will see Essar Power Ltd takeover the 2250MW producing company in Orissa.
However, the deal will be undertaken in stages, with Essar announcing that

In a bid to enhance its product line up and strengthen its burgeoning business in India, DuPont reported that it had acquired two cotton businesses. The company’s business Pioneer Hi-Bred said it bought the two cotton seed business based in Andhra Pradesh. The two acquisitions are Nandi Seeds’ cotton business, based in Mehboob Nagar, and

Reliance Industries Limited (RIL) Chairman, Mukesh Amabani Friday announced the company intends to invest US$9 billion to enable it expand its polyester and petrochemicals business. According to him, RIL has a five year investment plan that would see its total investment in all new polyester and petrochemical manufacturing facilities become the largest investment in the

In an investment plan worth $100 million (approximately Rs.500 crore), the Boeing Company plans to establish an aircraft maintenance base in Maharashtra, India. The Maharashtra Airport Development Company Ltd (MADC) will lease 50 acres of land in the special economic zones (SEZ) situated near the Nagpur Airport to Air India (AI) for the establishment of

A number of Indian companies have reported an ambitious plan that will aim at setting up steel plants in the Karnataka state with huge investments expected to flow in the state. The state was particularly picked by the companies as it remains free of the dissent and rebellions that have rocked other mineral rich states

A state of art manufacturing facility by the Gestamp Corporation was inaugurated in Chakan near Pune. Gestamp Corporation, a leading world player in automobile components, steel services and renewable energy; inaugurated the investment named, Gestamp Automotive India in the state. This plant becomes their first wholly owned facility in the country and is aimed

Tamil Nadu is an Indian state that lies in the southern part of the Indian Peninsula and is bordered by Pondicherry, Kerala, Karnataka and Andhra Pradesh. It’s the fifth largest contributor to India’s GDP and the most urbanized state in the country with the highest number of Business enterprises, pegged at 10.56%, compared to

Haryana is located in the Kuru region of Northern India with New Delhi as its neighbor that gives it its suitability as an investment haven; its capital is Chandigarh. Haryana’s economy largely depends on agriculture with about 70% of its population practicing farming and wheat and rice are its major crops. It is ranked third

New Delhi economy has grown remarkably over the past few years to become a strong and vibrant economy that can be attested to by evidence of its overall GDP. The economic survey of India placed its GDP at 478 billion INR and per capita income at 38,860 INR in 2000/2001. As at this finding, the