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NYLIM India Fund invests USD 12 mn in Bajaj Motors

Mauritius-based foreign venture capital investor New York Life Investment Management India Fund (NYLIM India Fund) has injected USD 12 mn as equity investment into Bajaj Motors Ltd (BML).

Commenting on the deal, BML Chairman-cum-Managing Director V P Bajaj said, “The … […]

Tata Power to Buy Bumi Mines Stake for $1.3 Billion

Power Co., India's second- biggest utility by sales, agreed to pay $1.3 billion for a 30 percent stake of two coal mining units in Indonesia to secure supplies of the fuel.

PT Bumi Resources, Asia's third-largest coal miner, will sell … […]