Sinclair leads $10.3M investment in rideshare advertising startup Octopus

Octopus Interactive, a startup bringing an interactive TV and ad experience into Uber and Lyft rides, has raised a $10.3 million funding round led by Sinclair Digital Group. Backseat TVs mixing show snippets and commercials have become a common part of the taxi experience in New York City and elsewhere. Octopus is offering something of a more interactive version of this concept to rideshare drivers, who can use it to keep their passengers entertained and also earn extra money. Octopus says it provides drivers with tablets that combine games (which…

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Adani Group moves Bombay HC seeking to stop investment into GVK Airport Holdings

According to GVK’s counsel, a deposit of around Rs 1,254 crore was made into an escrow account on October 29. The Adani Group on Tuesday moved the Bombay High Court (HC) seeking to restrain the GVK Group from completing an investment transaction of GVK Airport Holdings, the holding company of Mumbai International Airport (MIAL), without first giving a notice on right-of-first-refusal (RoFR) to Bid Services Division (Mauritius), which holds 13.5% in the airport. The move follows GVK’s announcement last week that a subsidiary of National Infrastructure Investment Fund (NIIF), Abu…

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5 Investment Ideas For Those Looking To Invest Rs 1-5 Lakhs

If you are looking to invest Rs 1-5 lakhs, you should look at investments that are safe and yield good returns. If you are looking at a longer term tenure of 3-5 years, there are many instruments. Here are a few that you could consider: Fixed Deposits of Bajaj Finance The fixed deposits of Bajaj Finance are not a bad bet, if you are looking at a medium term tenure of 3-4 years. A 36-month deposit offers an interest rate of 8.35 per cent, which is not bad at all.…

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Hyundai-Kia’s $300 Mn investment in Ola finally receives CCI nod

Hyundai and Kia Motors’ $300 million investment plan in ride-hailing juggernaut Ola has finally received a green signal from the Competition Commission of India (CCI). The antitrust watchdog has approved the acquisition of shares in Ola’s parent entity, ANI Technologies & Ola Electric by Hyundai Motor and its affiliate Kia Motors subjected to compliance of modifications. With the collaboration, most of the new investment will be infused into ANI Technologies. Furthermore, Hyundai and Kia will take a minority stake in Ola Electric. This investment round may also witness participation from Microsoft and…

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CCI clears Advent International investment in Aditya Birla Capital

NEW DELHI : The Competition Commission of India (CCI) has approved indirect acquisition of 4.15% stake in Aditya Birla Capital Ltd. by private equity firm Advent International Corp., said an official release. The investment is being made by Jomei Investments Limited (JIL) which is wholly-owned by a fund managed by Advent International Corp. CCI did not specify the amount of investment coming into Aditya Birla Capital, but the company had said in September that its board had approved mobilising Rs2,100 crore investments including Rs1,000 crore of equity investments from Jomei Investments Ltd, an affiliate…

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Foreign investment or grassroots growth – the future of mining in Rwanda

It is one of the smallest countries in Africa with a total area estimated at around 26,000km² and a population of roughly 12 million people. You can drive across its winding, smoothly paved roads in a matter of hours. But Rwanda, a mountainous country known locally as le Mille Collines – the land of a thousand hills – punches well above its weight: it is one of Africa’s fastest-growing economies despite experiencing a civil war just two and a half decades ago. Among the countries most promising industries is the mining sector,…

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