Business Bureau

PKH Ventures Ltd, a construction and development, hospitality, and management services company, plans to raise up to Rs. 379.35 crore from its public issue to fund expansion plans. The company plans to use Rs. 124.11 crore for equity investment in Halaipani Hydro Power Project, Rs. 80 crore for Garuda Construction's working capital requirement, and Rs. 40 crore for inorganic growth opportunities through acquisitions and strategic initiatives.  The public issue will open for subscription on June 30 and close on July 4, 2023.PKH Ventures Limited, founded in 2000, specializes in construction, development, hospitality, and management services. With an asset-light model, it…

One of India’s leading FMCG Direct Selling companies, Amway India embarked on a mission to empower individuals in adopting healthier lifestyles. Amway is committed to empowering individuals to take charge of their health and well-being.As India eagerly embraces the annual celebration of International Yoga Day, Amway India took center stage in emphasizing the profound significance of nutrition and yoga in achieving holistic well-being. Amway India organized a series of virtual and physical yoga sessions along with expert speaker programs covering close to 2000 fitness enthusiasts across the country.  The program was designed to spread the message on optimal health with…

The Toyota Mobility Foundation, Challenge Works, and World Resources Institute have launched a $9 million global challenge to help cities adapt to the future. The challenge aims to transform millions' lives across countries, including India, by focusing on reliable, efficient, and inclusive transportation. The initiative aims to apply advances in transport modes, infrastructure design, operations, energy options, and connected data systems. Entries are open to city leaders, municipal corporations, governments, transport departments, and other local and regional agencies from June 21st to September 18th, 2023. The Challenge focuses on expanding access to safe, affordable, and inclusive transportation, harnessing data for…

Axis Mutual Fund, a rapidly growing Indian fund house, has launched the Axis Nifty IT Index Fund, an open-ended index fund tracking the NIFTY IT TRI. Managed by Fund Manager Hitesh Das, the fund aims to provide returns before expenses, matching the total returns of the NIFTY IT TRI, subject to tracking errors. The minimum investment amount is Rs. 5,000, in multiples of Re.1/-. Axis Mutual Fund offers 20 passive offerings, including the Axis Nifty IT Index Fund, which aims to provide returns before expenses that match the total returns of the NIFTY IT TRI. The scheme aims to invest…

Celcius Logistics, India's fastest-growing cold chain marketplace startup, has announced its plans to launch its hyperlocal temperature-controlled delivery services for food and pharma orders, in Kolkata. This is in line with the company’s ambitious expansion plan, after successfully completing its Series A funding by raising the total amount of INR 100 Cr, led by IvyCap Ventures. Currently, Celcius, operates Cold storage warehouses, and transportation for primary, secondary and last mile logistic services in and around Kolkata. Now with the funding, Celcius will expand its footprints and service offerings to increase client base and collaborate with local B2B and B2C players…

The 3rd G20 Infrastructure Working Group Meeting, convened under India's G20 Presidency, will take place from June 26-28, 2023 in Uttarakhand, Narendra Nagar. Around 63 delegates from G20 member states, invited countries, international organizations, eight countries, and institutions will participate. The meeting focused on infrastructure development and financing principles for future cities, focusing on inclusivity, resilience, and sustainability. The second session, co-chaired by Brazil, discussed financing cities of the future. The first day discussed inclusive development, technology, Infratech, and digitization.The G20 delegates also learned about Nusantara, an ambitious city in Indonesia. Deliberations were held on developing future cities with equal…

Adani Group launched a 'Jeetenge Hum' campaign on Adani Day, supporting Team India for the ICC ODI Cricket World Cup 2023, highlighting their unwavering support for the 1983 World Cup Cricket victory. The Adani Group celebrates Team India's 40th World Cup victory with a heartfelt campaign led by Chairman Gautam Adani. The campaign garners support from cricket legends and passionate fans, marking India's historic conquest. The campaign encourages Indian cricket fans to unite as one, and rally behind Team India with #JeetengeHum on Twitter and Instagram, backing the team's quest for victory and boosting their morale. In Ahmedabad, the 1983…

The IDEMITSU Honda Racing India team competed in Round 3 of the 2023 FIM Asia Road Racing Championship in Japan, facing challenging conditions and intense competition. The Asia Production 250cc race was a highlight of the event. As the stage was set for an adrenaline-fueled battle, the solo Indian team’s rider Kavin Samaar Quintal put together a consistent performance on the racetrack and showcased his skills at the circuit and competed for valuable points in the overall championship standings.  Keeping calm and maintaining his pace, the young lad from Chennai finished the race in 18th place clocking a total lap…

AdaniConneX secured financial closure in Ahmedabad, India, by entering the Financing Framework and raising $213 million for its under-construction data center assets portfolio. The facility will finance two data centers with a combined capacity of 67 MW, including Chennai 1 and Noida. India's data center capacity is expected to double from 870 MW in FY22 to 1700-1800 MW by FY25. AdaniConneX is investing capital to build a 1 GW Green Data Center platform, enabling hyperscale to hyperlocal data center investments across the country. AdaniConneX's development agenda is institutionalized through Platform Infrastructure Financing through the Framework Agreement with international lenders. Committed…

Tata Power, one of India’s largest integrated power companies and a leading EV charging infrastructure provider, in its continued endeavour to boost EV adoption in the country, has installed public charging stations at Golden Park Hotel & Resort near Malda. Golden Park Hotel & Resort is one of the largest Leisureplex and Conference Center of mid Bengal, situated on National Highway 34 at Malda, the gate way to North East India Tata Power has installed two EV charging stations with capacities of 30 kW and 7.4 kW at Golden Park Hotel & Resort, which is located 5km (10–15 minutes) from…