Loknath Das, Author at Pinfaves

MoS Railways Expects More Investment

February 1, 2019 Loknath DasExpects, investment, More, MoS, Railways

NEW DELHI: Minister of State for Railways Manoj Sinha on Friday morning said that he was expecting more investment in railways from the Interim Budget for 2019-20, which Finance Minister Piyush Goyal will present in the Lok Sabha at 11 am. The way the Central government has increased the investment in railways, from installing CCTV cameras to Wi-Fi, I believe investment in railways will certainly be increased, Sinha told ANI. Railways capital expenditure for the year 2018-19 had been pegged at Rs. 1,48,528 crore. A large part of the Capex was devoted…

Investcorp acquires IDFC’s private equity, realty investment management business

January 30, 2019 Loknath Dasacquires, business, equity, IDFC’s, Investcorp, investment, Management, Private, Realty

Mumbai: The US-based alternative investment manager InvestcorpNSE 0.00 % has acquired IDFCNSE -1.02 % Group’s private equity and real estate investment management business and plans to incrementally raise $50 million towards IDFC’s existing fourth fund. The incremental capital, along with the uninvested pool in the fourth fund, will be invested in consumption-driven companies in India, a senior company executive said. HDFC chairman Deepak Parekh has joined the global advisory board of Investcorp. “Once the acquisition is complete on January 31, we will use the greenshoe option and raise another $50 million in the fourth fund. This incremental capital,…

Bosch Makes First Venture Investment In India With Deeptech Startup SimYog

January 29, 2019 Loknath Das'First, Bosch, Deeptech, In, India, investment, Makes, SimYog, Startup, venture, With

Robert Bosch Engineering and Business Solutions, has announced its first venture investment in India in Bengaluru-based deeptech startup SimYog Technologies. Incubated at the Indian Institute of Science, SimYog has raised $885.7K (INR 6.3 Cr) in a funding round with participation from early-stage venture capital firm Ideaspring Capital. The startup plans to use the fresh funds to expand its product offering. The company will also expand its team to 12 people—from five now—over the next year, as it adds customers and products. Founded in 2017 by Dipanjan Gope, Anant Devi and…

Kerala makes it to CNN Travel’s list of 19 places to visit in 2019

January 28, 2019 Loknath Das19, 2019, CNN, In, It, Kerala, List, Makes, of, places, to, travels, visit

Soak in the beauty of Kerala in 2019. (Source: Instagram/KeralaTourism, Designed by Gargi Singh) Kerala became one of the 19 places shortlisted by CNN this year for travel enthusiasts to visit in 2019. Stating that Kerala lives up to its moniker, God’s Own Country, the reports says, “This area of India has it all: sun, sea, sand, good food, houseboats, culture and wildlife. Its spectacular natural landscapes — think palm trees and sprawling backwaters — lend the region the nickname “God’s Own Country.” The report also mentions the floods that wreaked havoc in…

Parents must fight for choice in education

January 25, 2019 Loknath Daschoice, Education, Fight, for, In, Must, Parents

President Donald Trump issued a proclamation declaring this week, Jan. 20-26, as National School Choice Week. The proclamation expresses concern about performance of U.S. students in international surveys: 24th in reading; 25th in science; 40th in math. And it ascribes the cause of these disappointing statistics to the “consequences of the limitations imposed by a largely one-size-fits-all approach to education.” It makes all the sense in the world to appreciate the value of bringing the marketplace and competition to education. Free markets serve us extremely well in delivering goods and…