Hygenco Green Energies, based in Gurgaon, Haryana, India, and specializing in the development and operation of green hydrogen and green ammonia production facilities, is poised to secure capital by selling a 49% stake to a consortium of high-profile international investors. The round is set to onboard Germany’s Siemens AG, Singapore-based...
India’s Bizongo Secures Funding from LA investor, others
Bizongo, an AI-powered B2B e-commerce platform, announced the appointment of Prahlad Krishnamurthi as its new Chief Executive Officer, effective immediately. Krishnamurthi replaces company founder Sachin Agrawal, who will remain on the board while the new CEO takes over operational leadership. The Bangalore-headquartered company has simultaneously secured $4.5 million in additional...
Intelsat Partners India’s Nelco to Provide Inflight Connectivity
McLean, VA-based Intelsat, that operates integrated satellite and terrestrial networks and provides inflight connectivity (IFC), announced the launch of their services in India through an agreement with Nelco, a part of the $128 bn Tata Group, a Satellite Communication Service Provider in India. Intelsat’s airline partners and flyers will now...
Corporate Governance Standards Improve in India
According to a joint study by the International Finance Corporation, the Bombay Stock Exchange (BSE), and Institutional Investor Advisory Services India (IiAS), the Corporate Governance Scorecard for 2017 showed that companies are increasing transparency. Increased scrutiny by regulators such as India's central bank, the Reserve Bank of India, and the...
Carlyle's $1 Billion Growth Fund to Focus on India and China
Washington D.C.-based global private equity firm Carlyle will raise $1 billion under its new Asian growth fund largely focused on investing in India and China. Per a disclosure, the International Finance Corp is one of its Limited Partners, and the private sector investment arm of World Bank has committed $25...
Private Equity Funds To Raise $2 billion for India Investment
Live Mint reports that about two dozen private equity industry executives are making an effort to raise up to $2 billion for their new funds. The list includes former Carlyle Group managing director Mahesh Parsuraman and former India Value Fund Advisor partner Sunil Vasudevan’s Amicus Capital; former KKR India director...