BRITISH INTERNATIONAL INVESTMENT
DEG-IFC-ADB trio eyes renewable energy firm Fourth Partner A group of German investor DEG, along with the World Bank's International Finance Corporation (IFC) and the Asian Development Bank (ADB), are set to invest $300 million to acquire a controlling interest in Fourth Partner Energy, a renewable energy f...
01 Jul, 2024, 12.56 AM ISTWho is Keir Starmer, the Labour leader favoured to win Britain's July 4 election? Labour Party leader Keir Starmer, a managerial and dutiful figure, aims to lead the UK towards stability and change after years of Conservative rule. A former prosecutor, Starmer stresses his everyman credentials and seeks to appeal to voters with a...
27 Jun, 2024, 12.01 PM ISTBII bullish on Indian EV ecosystem, expects to invest USD 300 mn in 3 yrs: MD Abhinav Sinha Abhinav Sinha of British International Investment envisions India surpassing China in EV adoption by 2030, ahead of Europe and the US, driven by government support and cost considerations, emphasizing the country's potential for significant growth i...
23 Jun, 2024, 11.32 AM IST- ADVERTISEMENT
Iran lodges protest with China about sovereignty issue Iran's foreign ministry summoned the Chinese ambassador in Tehran to protest a China-UAE statement regarding Iran's sovereignty over Abu Musa and Greater and Lesser Tunb islands. The islands are also claimed by UAE.
04 Jun, 2024, 12.04 AM ISTEV marketplace-financing startup Turno raises $6 million from BII, others Founded in April 2022 by former Zoomcar C-suite executives Hemanth Aluru and Sudhindra Reddy, Bengaluru-based Turno provides financing solutions to small and mid-size enterprises as well as individuals who plan to buy commercial three-wheeler (3W) e...
30 May, 2024, 06.00 AM ISTEuler Motors raises Rs 200 crore from Piramal Alternatives, others Euler Motors raised Rs 200 crore in funding led by Piramal Alternatives India Access Fund. The firm aims to become India's top electric commercial vehicle brand, with plans to expand to 40 cities by FY25.
29 May, 2024, 04.19 PM ISTPiramal Alternatives leads Euler Motors’ Rs 200 cr fundraise Euler Motors, an electric three-wheeler maker, raised Rs 200 crore ($24 million) led by Piramal Alternatives India Access Fund, with British International Investment and Blume Ventures also participating. Total funding now stands at Rs 570 crore. Th...
29 May, 2024, 04.04 PM ISTET Exclusive: Kyrgyzstan & India united by history; Bishkek favours Indian FDI across sectors, says envoy Kyrgyzstan and India promote investments in various sectors, amidst ties strengthening and cultural collaborations. Bishkek's focus on economic growth and bilateral relations stands out amidst recent tensions. The potential in textiles, hydropower, ...
21 May, 2024, 06.09 PM ISTETtech Deals Digest: Startup funding falls 34% on year to $118 million this week In terms of volume, total deals during the week stood at 18, compared to 32 a year ago, and 16 in the second week of May 2024. Sequentially, deal value went up about 3.3X from $35.2 million to $117.6 million.
17 May, 2024, 09.25 PM ISTM&M's Rs 12,000 crore electric plan has charged up Dalal Street Mahindra & Mahindra's stocks surged on the back of surpassing estimates, unveiling ambitious electric vehicle plans, and a prospective target price upgrade. The company greenlit a hefty Rs 12,000 crore investment into its electric division over thre...
17 May, 2024, 11.23 AM ISTGreen with Envy: Now ONGC, NTPC arm may bid for Ayana Renewable Power Oil and Natural Gas Corp (ONGC) is reportedly in discussions with NTPC Green Energy to form a consortium for bidding on Ayana Renewable Power, owned by the National Investment and Infrastructure Fund (NIIF). The enterprise value of Ayana is estimate...
17 May, 2024, 05.00 AM ISTAcacia Inclusion leads $45 million funding in Battery Smart Acacia Inclusion is a new investor in Battery Smart, as are MUFG Bank and PC-SBI Kurashi Fund. Returning investors are Blume Ventures, British International Investment and Ecosystem Integrity Fund, who have increased their investment, documents file...
16 May, 2024, 08.56 PM ISTONGC, NTPC Green mull joint bid for NIIF-owned Ayana Renewable Power ONGC is reportedly in discussions with NTPC Green Energy to jointly bid for Ayana Renewable Power, owned by NIIF. Several potential buyers have submitted non-binding offers for Ayana. ONGC previously announced ONGC Green for renewable projects, whil...
16 May, 2024, 11.24 AM ISTCleaner skies ahead? A glimmer of hope for airline industry’s clean fuel challenge A breakthrough emerges as a rural Georgia plant readies to produce the world’s initial commercial supply of cleaner jet fuel, converting ethanol into jet engine-compatible fuel. LanzaJet Inc.'s $200 million facility marks a stride in tackling aviati...
11 Apr, 2024, 05.05 PM ISTBritish International Investment explores more exposure to India's affordable housing, MSME sectors The UK's development finance institution said that it has a strong pipeline on both debt and equity investment in these two sectors and that it is looking for innovative ideas for funding.
01 Apr, 2024, 12.07 AM ISTSitara Secures Rs 120 crore from British International Investment The company will use the capital to grow its loan book, expand operations into new locations, and provide affordable housing to low-income women and families by providing access to finance for home construction and improvements.
14 Dec, 2023, 07.44 PM ISTEuler Motors raises Rs 120-cr in funding round EV maker Euler Motors has raised Rs 120 crore in a funding round including British International Investment and Green Frontier Capital. The company is determined to use the raised capital to enter 40 cities by the end of FY 2023-24. This series-C ex...
06 Nov, 2023, 04.14 PM ISTBritish International Investment eyes $1 billion investment in India clean energy projects The British International Investment (BII) plans to invest $1 billion in Indian climate-related projects by 2026. The investment will focus on sectors such as bio-fuels and the circular economy, in line with the vision for the 2030 roadmap agreed be...
27 Sep, 2023, 09.47 AM ISTBritish International Investment eyes $1 bln investment in India clean energy projects British International Investment (BII), the UK government's development finance institution, plans to invest $1 billion in Indian climate-related projects by 2026. BII is attracted to India's expanding renewable energy sector and aims to support bus...
26 Sep, 2023, 06.15 PM ISTMahindra & Mahindra in talks for Rs 5,000 crore EV push from British International, others If the discussions on Mahindra Electric Automobile do lead to a favourable conclusion, the British development financier will be making its second-round investment in the Indian conglomerate. The deal valuation is likely to be worth 10-15% more than...
10 Jul, 2023, 01.23 PM IST