Investments | Page 6

Mehta emphasized that dairy isn't just a business but a lifeline for rural India; highlighting how Amul's cooperative model has improved the lives of millions of farmers across the country

Discount stock broker platform Upstox recently said that it has completed a buyback of 5 per cent of former Tata chairman Ratan Tata's holdings in the company.

Akshay noted that coffee now accounts for 12 per cent of McDonald's overall sales. He predicts this figure will rise to 18 per cent over the next few years.

Tata Electronics has entered into a strategic alliance with Analog Devices Inc. (ADI), a semiconductor company, to explore semiconductor manufacturing opportunities in India.

Infosys Topaz, a generative AI suite, will drive automation and personalization efforts, while Infosys Cobalt will help LIC accelerate its cloud transformation

ERETS Space, led by Dr. Abhiram Nair, is set to launch its state-of-the-art satellite manufacturing labs in Coimbatore, India, in January 2025. This strategic move marks a significant step in the company's global expansion, following its US$4 million valuation in just two years and gaining global recognition for its breakthrough laser technology in space debris mitigation.

An AI expert who specializes in creating products that make life easier for people, envisioned Neyon to help fashion customers find just what they're looking for.

The investment is part of a broader strategy, with the company planning to spend over $100 million in the Gulf nation by 2027

The state-of-the-art semiconductor fabs and assembly plants, developed with an investment of INR 1,18,000 crore, are expected to generate nearly 50,000 direct and indirect jobs, contributing significantly to India's economy and technological prowess.

By the end of March 2024, Tata Sons' total investments in unlisted equity shares of subsidiaries, associates, and joint ventures grew by 16 per cent, reaching INR 70,732.5 crore

Nokia has announced the expansion of its Fixed Networks R&D facility in Chennai, Tamil Nadu with an investment of INR 450 crore

Sundaram Alternates, a portfolio management services company released a report titled "From Legacy to Leadership," highlighting the significant evolution of family offices as they transition from wealth preservation to a growth-focused mindset.

Decathlon is set to significantly increase its sourcing from India and expand local manufacturing efforts as part of a strategic shift.

Opkey, an AI continuous test automation platform for enterprise systems, announced that it has raised USD47 million in Series B funding led by PeakSpan Capital, and other existing investors.

The project is structured into three distinct phases, with a total capital outlay of INR 50 crores dedicated to developing 10 MW of capacity in phases one and two, and a further 10.43 MW in phase three

Efficient Capital Labs (ECL), one of the leading revenue-based financing providers that provide non-dilutive capital to B2B SaaS companies in the South Asia-U.S. corridor, has announced fundraising of USD 11 million.

Nutrispray, a maker of nutrient-rich supplement sprays has announced an undisclosed amount of funding by Actor and Entrepreneur Shilpa Shetty.

AI-enabled equity investment platform InvestorAi has announced an INR 80 crore Series A funding round from Ashish Kacholia, Founder, Lucky Investment Managers.

Dopplr, one of the leading providers of virtual apparel try-on solutions announced a USD 750,000 funding, led by Cornerstone Ventures and US-based BAT VC.

American energy giant, Chevron, is expanding its Indian presence with new tech centre in Bengaluru worth $1 billion

Maharashtra came in second to Karnataka in terms of the highest-funded state ecosystems in the country, according to a Tracxn Report named Tracxn Geo Semi-Annual Report: Maharashtra Tech H1 2024'.