Page 10 - T E Narasimhan

PE-VC investments in 2020 grow 6.6% to $39.2 bn on back of RIL deals

Venture Capital type investments however fell 13 per cent in value (and 16% by volume) in 2020 ($10.7 Billion across 694 deals) compared to last year ($12.5 Billion in 832 deals).

Mock Covid vaccination drills conducted smoothly in Tamil Nadu: Officials

The drill was held at 17 centres across five districts in Tamil Nadu

TVS Motor's two-wheeler sales up by 20% in December; exports up 28%

Motorcycle sales grew by 27%, recording 119,051 sold units in December 2020 as against 93,697 units in December 2019

Two-wheeler EV firms see growth in post-Covid demand for personal transport

SMEV data shows that two-wheeler EV sales between April and December stood at around 80,000 units - 3,000 units in Q1 (April-June), rising to 35,000 units in Q2 and 42,000 in Q3

106% spike in 350cc-plus bikes drives Royal Enfield's Dec sales up 37%

However, overall sales for nine months to December drop 24%

Ashok Leyland trucks sales up 56% in December, bus sales drop 90%

Total vehicles sales rose by around 14 per cent to 11,857 units from 10,378 units

CBI registers cases filed by Canara Bank, SBI over Rs 8,000 cr fraud

The two cases were filed separately and involved private firms in Hyderabad and Chennai

Apollo Hospitals plans to raise Rs 1,500 crore in next two months

The pharmacy business is one the main segments that helped Apollo cushion from any big shocks due to the pandemic

Tirupur's textile units ask spinning mills to resume cotton supply

They allege that the latter stopped supplies without reason, say that this could hugely impact export biz

Rocket places India's 42nd communications satellite CMS-01 into orbit

Feat achieved 20 minutes after lift-off; satellite will provide services in extended C-band spectrum

PE/VC investments decline 8% to $41.4 bn during January-November 2020

PE investments in Reliance Group entities accounted for 42%

Indian edtech startups see investment of $2.22 bn in 2020, shows data

Byju's and Unacademy have raised the most capital, $2.32 billion and $354 mllion, respectively, in 2020

I-T Dept finds Rs 700 cr unaccounted income in recent search in Tamil Nadu

Seizes cash amounting to Rs 21 cr in a search operation covering 15 premises at Erode and Chennai

CDC invests Rs 400 crore in TVS Industrial and Logistics Parks

It is the first time that TVS ILP has raised institutional investment. CDC will become a significant minority shareholder in the business

Tube Investments looks to reduce dependence on automobile industry

With the largest acquisition in its history, the Murugappa flagship is looking to reduce its dependence on the automobile industry and find new markets

Lakshmi Vilas Bank will finally delist from bourses on December 18

Move follows a November 25 gazette notification to this effect, issued by Department of Financial Services, Ministry of Finance

Make in India: TVS Motor's facility produces 17% of BMW bikes globally

In 2016, TVS started production of BMW bikes and since then the company has produced 79,088 units, of which 73,183 units were exported and 5,905 units were sold in India

Venture Catalysts Group to invest Rs 1,000 cr in start-ups in 2021

The Mumbai-based investment firm VCats runs an incubator and a SEBI registered accelerator fund 9Unicorns

Indian Bank declares IFIN account as fraud with over Rs 408 cr outstanding

In October, Punjab and Sind Bank had also reported the account of IFIN as fraud with outstanding dues of over Rs 561 crore to the RBI

Roca Parryware strengthens tie-up with TVS Supply Chain Solutions

Roca Parryware's operations are fairly complex' with eight factories, 12 warehouses, 2,000 customers, 5,000 SKUs, and 500-plus bathroom combos, the supply-chain challenges are extreme