Will set up a local manufacturing unit in Noida with an investment of Rs 100 Cr. It will have a capacity of 10M handsets and will become operational by Aug this year. Oppo is not abandoning its present partnership with Foxconn to assemble phones locally. Samsung, Micromax, Xiaomi, Gionee, Lenovo and OnePlus have already set up assembly units in India.
The kingdom will build a $2 Tn sovereign wealth fund for its economy for a post-oil world. The fund will get its value from the shares it holds in Saudi Aramco. Aramco will go public by 2017-18 but Saudi is selling only 5% of the company. With this plan, it plans to build an economy that doesn’t depend on oil.
The CDN/cloud infrastructure will provide LeEco content delivery capabilities giving consumers a better user experience on LeEco products. LeEco has partnerships with content providers Eros and Yupp TV for content on mobile phones, and Eros Now for VOD and YuppTV for TV content streaming. It entered India earlier this year.
The Series C round values the company at $600M. It claims to have 13k paying customers and the company might turn profitable by next year. The long list of VCs who invested in this round includes Mark Zuckerberg, Priscilla Chan, Peter Thiel’s Foundation fund, among others.
Zaikenn Management Services has invested an undisclosed amount in Bangalore-based OyePlay. OyePlay is an online playground and sports trainer aggregator that connects the user with the coach or playground coordinator enabling them to do a booking within a few clicks.
Tyre maker Ceat will invest Rs 300 crore to set up a manufacturing facility in Maharashtra to primarily serve export market for off-road radial tyres. The company has already transferred its land in Ambernath, Maharashtra to its wholly-owned subsidiary Ceat Specialty Tyres Ltd (CSTL) to set up the plant. The Mumbai-based company had reported a net profit of Rs 89.26 crore for the third quarter of previous fiscal.
E-commerce giant Amazon has invested Rs 1,980 crore in its Indian unit, as it steps up the pace of activity in the competitive online retail industry. The firm has invested over Rs 6,700 crore since January 2015. Amazon India said that sellers on its platform sold more in the fourth quarter of calendar year 2015 than in all four quarters combined in 2014. The company has said that it added over 55,000 products per day, grew its seller base by 250% and expanded fulfilment infrastructure by 300% in 2015.
Blackstone Group is in advanced talks with Salarpuria Sattva Group to put in about Rs 450 crore in its upcoming, 30-acre commercial property in Knowledge City in Hyderabad. This will be the first real estate investment by New York-based Blackstone in 2016. This will be one of the few under-construction properties that Blackstone is investing in as the fund has mostly picked up ready and income-producing office real estate projects.
Bharti Airtel group veteran Akhil Gupta has become an investor in Indian Commodity Exchange (ICEX), part of Anil Ambani-led Reliance Group. He bought 5 % stake in the bourse valuing it at Rs 200 crore. Gupta has played a pivotal role in Bharti’s phenomenal growth and has been closely involved from the very beginning in the group’s telecom business and has led the formation of its various partnerships with leading international companies and investors.
Goldman Sachs has invested INR 4.4 billion for a minority stake in Indian hotel investment and development firm Samhi Hotels. Currently, Samhi operates 10 hotels and is developing 16 more properties. Samhi has raised $240M in equity since 2011.