Vaibhav Agrawal, partner at the India subsidiary of CA-based Lightspeed Venture Partners, outlines three reasons why so much venture capital is flowing into Indian companies A noticeable improvement in India’s infrastructure has enabled startups to create more value and scale up their businesses quicker. The pandemic shifted a lot of...
ONGC raises US$ 300 million under ECB route
The Oil and Natural Gas Corporation (ONGC) has raised $300 million under the External Commercial Borrowing route for meeting its capital expenditure needs. "The bonds will bear a coupon of 3.375 per cent and will mature in 2029. This is the tightest coupon for 10 year or longer tenor offering...
India's Ola Launches in London
There are 27 unicron startups from India, each worth over a billion dollars. At least two of them have expanded beyond India's shores, Oyo which provides hotel rooms and Ola, a ride sharing service. While Ola has expanded to a number of countries recently, it just seized upon its biggest...
U.K.'s Diageo Engages with Governments in India
Headquartered in London, multinational alcoholic beverages company Diageo PLC is trying to win over dozens of local and state governments in India that want to either ban liquor or tax it heavily, even as consumption is soaring. To protect and improve sales, Diageo is helping a number of Indian states develop tax...
Verizon Executive Says India as Innovative as China or U.S.
Speaking to CNBC at the One Young World conference in London, Ronan Dunne, executive vice president and CEO of Verizon Consumer, said a widely-held view that tech innovation was a two-player race misrepresented the real competitive state of technology and telecoms. "India’s probably as big a force in globalization these...
In Three Years Automation in Factories to Double in India
According to a survey by London U.K.-headquartered Willis Towers Watson, automation will double over the next three years in Indian factories. Companies in India expect use of automation in the workplace to increase from a current 14% to 27% in three years; higher than the global and APAC average. ...