Photo: Canada News
G7 Launches $600 Billion Plan To Compete With China's Belt & Road Project
G7 leaders announced on June 26 to raise $600 billion in funds for the developing world as a response to China's Belt and Road initiative. Partnership for Global Infrastructure and Investment relaunches a plan. US President Joe Biden announced $200 billion grants, government cash, and private investment over five years to assist initiatives in low and middle-income nations that address climate change, promote global health, gender parity, and… read-more
Tags: G7 Summit, China's Belt and Road initiative, US President, Joe BIden, Fund Raising
Courtesy: Free Press Journal
Photo: Elets CIO - Elets Technomedia
Vodafone Idea Plans To Raise Funds Worth Rs 500 Cr
Vodafone Idea Board of Directors to discuss a proposal to raise funds of up to Rs 500 crore on June 22. The proposal entails granting preferred stock or convertible warrants to one or more Vodafone Group entities. Trading window for dealing in shares of the company will remain closed for 48 hours after Board meeting ends until June 24 for all authorized personnel. Trading window to reopen on June 25.
Tags: Vodafone, Idea, Fund Raising, board of directors, Shares
Courtesy: ANI
Photo: Edexlive
Co-Curricular Learning Platform Homi Lab Raises Rs 5 Crore In Pre Series A Funding
Homi Lab, global co-curricular learning platform, has raised Rs 5 crore funds. The funding has been raised by startup investing platform Inflection Point Ventures (IPV). According to a press statement, the funds raised will be used for the development of the platform and content creation. Homi Lab is founded by Srijan Pal Singh, a renowned author and former advisor to the 11th president of India Dr APJ Abdul Kalam.
Tags: Homi Lab, Inflection Point Ventures, Startup, Fund Raising, Dr APJ Abdul Kalam
Courtesy: Hindustan Times
Photo: The Indian Express
Indian Govt To Sell 1.5% Stake In ONGC To Raise Rs 3,000 Crore
The Government of India will sell 1.5% of its stake in the Oil and Natural Gas Corporation (ONGC) to raise a fund of Rs 3,000 crore. The offer for sale will be open on March 30 and 31, and the floor price for one share will be Rs 159. Notably, the government owns 60.41% of the stake in ONGC, which is estimated to produce half of India's oil and gas.
Tags: GoI, ONGC, business, Fund Raising, Shares
Courtesy: Press Trust Of India
