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Novo Tellus raises its third fund successfully with USD 510 million in ove
Updated : 2 years, 3 months ago IST
Singapore, December 20: Novo Tellus announced today the swift completion of fundraising for its third private equity fund, Novo Tellus PE Fund 3, L.P. (the "Fund"). The Fund surpassed its fundraising target by 36 per cent and closed fundraising at its hard cap of USD 510 million in commitmen
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China's defence budget could be far greater than declared
Updated : 2 years, 3 months ago IST
When China announced its 2023 defense budget on 5 March, the figure quoted by the government was CNY 1.5537 trillion (USD224.59 billion). This represented a rise of 7.2 per cent compared to the previous year, the largest percentage increase in the past four years.
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After Armenia order, Philippines, Brazil, Egypt showing interest in Akash
Updated : 2 years, 3 months ago IST
The missile system has already achieved success in selling the missiles to Armenia under an order worth over USD 600 million.
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Quint Digital Set to Acquire a Profitable International Media Tech Company
Updated : 2 years, 3 months ago IST
Noida (Uttar Pradesh) [India], December 19: Quint Digital Limited ("QDL") has entered into an exclusive, non-binding Letter of Intent to acquire a significant majority stake in the leading Digital Content Management System and Services group having a presence in the Middle East, Far East, an
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Little Angel IVF Launches IVF treatment for NRI (Non-Resident Indian) pati
Updated : 2 years, 3 months ago IST
New Delhi [India], December 19: The demand for IVF treatments in India has surged among Non-Resident Indian (NRI) patients, driven by a combination of high success rates and affordability. India's advanced assisted reproductive technology yields impressive outcomes, with over 45,000 IVF cycl
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SCOPE App Drives Funding Surge, Facilitating Over USD 70 Million to Startu
Updated : 2 years, 3 months ago IST
New Delhi [India], December 19: SCOPE, the exclusive Invite Only networking platform for the startup ecosystem, announced its pivotal role in securing substantial funding for startups, totaling approximately USD 70 million during the October to December 2023 quarter. The funding initiatives,
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Monitra Health Secures USD 1.5mn in Pre-Series A Funding Led by Equanimity
Updated : 2 years, 3 months ago IST
Hyderabad (Telangana) [India], December 18: Monitra Health, based at T-Hub in Hyderabad, India, announces the successful closure of its Pre-Series A funding round, securing USD 1.5mn in investment led by Equanimity Ventures and Kotak Alternate Asset Managers. The funding will fuel the growth
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India's economic triumph: A chronicle of the fastest-growing major economy
Updated : 2 years, 3 months ago IST
The opening quarter of the financial year 2023 witnessed a staggering 7.8 per cent growth in India's real Gross Domestic Product (GDP), reaching an estimated Rs 40.37 trillion (USD 484.94 billion).
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India tops global remittance charts at USD 125 billion in 2023: World Bank
Updated : 2 years, 3 months ago IST
According to the World Bank, the report highlights India's significant position as the top remittance recipient, drawing attention to the evolving dynamics in the remittance landscape.
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Japanese New VC, UNLEASH Capital Partners, Announces Launch of Its Inaugur
Updated : 2 years, 3 months ago IST
Mumbai (Maharashtra)/ Bengaluru (Karnataka) [India], December 18: UNLEASH Capital Partners, Inc. ("UNLEASH") announced the launch of its first fund, with a capital commitment of JPY 4.5 billion (approximately Rs 250 crores). The fund will invest in promising early-stage companies that are at
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Australia announces USD 20 million aid to Afghanistan
Updated : 2 years, 3 months ago IST
The Australian government announced USD 20 million to support Afghanistan, Khaama Press reported.
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Third Oman-India Joint Investment Fund's establishment builds on success o
Updated : 2 years, 3 months ago IST
The OIA established the first Omani-Indian Joint Investment Fund in 2011, with a value of USD 100 million, in partnership with the State Bank of India. In 2017, the OIA established its second portfolio with a USD 230 million fund that focused on medium-sized companies in the Indian market.
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