Hyderabad: Greenko Energy Holdings, a renewable energy company based in Hyderabad, has raised $700 million in equity funding from its founders, GIC and ORIX Corporation. GIC is a subsidiary of the Abu Dhabi Investment Authority (ADIA). Greenko stated there would be no changes in its shareholding structure after the investment. The company plans to use the funding to invest in pumped storage projects with a storage capacity of over 25 GWh. This will allow for 45 billion units of “carbon-free energy” to be dispatched. Anil Kumar Chalamalasetty, CEO and MD at Greenko, said the funding from existing shareholders reflects their trust…
Author: Rahul Mehra
Rahul Mehra
Rahul has been an integral part of the Hello Entrepreneurs magazine journey since its inception. As a key contributor, he has played a pivotal role in shaping HE into a premier business magazine known for its diverse and compelling content. Rahul's dedication and expertise have been instrumental in curating a wide range of subjects, ensuring that HE remains a go-to resource for entrepreneurs seeking valuable insights and inspiration. His unwavering commitment to excellence has helped establish HE as a trusted platform for thought-provoking articles, interviews, and features, significantly impacting the entrepreneurial community.
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New Delhi: Foxconn, the Taiwanese multinational electronics contract manufacturer, has announced plans to set up an electronic manufacturing plant in Telangana, India. The plant is expected to generate around 1 lakh jobs in the region and boost the Indian government’s “Make in India” initiative. The plant will be set up in the Narasapur Industrial Area in Telangana’s Medak district and will manufacture electronic components, including mobile phones, tablets, and other devices. The total investment for the project is estimated to be around $2.5 billion. The state government of Telangana has offered several incentives to Foxconn, including land at a subsidized rate…
Mumbai: Magenta Mobility, an Electric Mobility solutions provider, has expanded its leadership team by appointing Shashank Chauhan as its new Operations Head as the company gears up for growth in the new financial year. Shashank has worked extensively in the Mobility space, focusing on Electric Mobility Operations. In his new role, Shashank shall work closely with the founders to build the mobility fleet at Magenta, focusing on developing operational excellence. Maxson Lewis, Founder and MD of Magenta Mobility, said, “Shashank is a highly respected personality in the e-Mobility space, and he will be part of the Central Control Tower with a…
Conserve, Sustain and Flourish. Utilizing the renewable source of solar energy and harnessing its goodness in the form of solar panels was the primary idea behind the inception of this brainchild collectively by 5 dedicated individuals, namely, Vineet Mittal, Sunay Shah, Ankit Singhania, Aditya Singhania, and Saurabh Aggarwal. At the time of Navitas’ inception back in 2013, not many solar module manufacturers were available in the Indian market. Today, Navitas Solar is one of India’s leading solar module manufacturers. Besides manufacturing solar panels and EVA sheets, the carbon-neutral company also facilitates turnkey EPC services. It is noteworthy that Navitas Solar…
New Delhi: Mukesh Ambani’s Reliance Industries Limited (RIL) is set to enter the field of genetic mapping with the launch of a Rs 12,000 genetic testing kit. The move is part of RIL’s broader efforts to expand into the healthcare sector. The genetic testing kit, named ‘JioGenNext,’ will offer customers a comprehensive analysis of their genetic makeup. The test will cover a range of genetic factors, including predisposition to certain diseases, drug responses, and ancestry. The launch of JioGenNext marks RIL’s entry into the rapidly growing field of personalized medicine. With the cost of genetic testing falling rapidly, an increasing number…
New Delhi: Softbank Group, the Japanese conglomerate, has sold a 3.8% stake in Indian logistics company Delhivery for INR 954 crore ($130 million), according to recent reports. The stake was sold to Delhivery’s co-founder and CEO Sahil Barua and private equity firm Carlyle Group. Following the transaction, Softbank now holds around 14% stake in the company. Delhivery is an Indian logistics company that offers a range of services, including last-mile delivery, warehousing, and supply chain management. The company was founded in 2011 and has quickly become one of India’s largest logistics providers, operating in over 2,300 cities nationwide. Softbank initially…
Mumbai: Biojobz, India’s industry leader in Executive Search & recruitment for the Biotech & Pharmaceutical industry, has announced strong growth plans to serve 50+ Bio and Pharma companies by the end of fiscal 23-24. The Executive search Leader has appointed employees for over 250+ companies and delivered 60% of mandated recruited resources for the overall companies to date. Biojobz, a leading executive search firm, serves top pharmaceutical and biotech companies in India and abroad while also providing tailored training to its recruiters. The company’s unique strength has been meticulously built over a decade of excellence in the industry mapping of major…
Chennai: Indian Overseas Bank, one of the leading Public Sector Bank, has observed Risk Awareness Day on 1st March 2023, intending to create awareness amongst all the employees and inculcate the best-prevailing risk management practices among them. This observance of Risk Awareness Day is one among the many steps the Bank has undertaken to make its employees informed to adopt a robust Risk Culture in order to add value to all the stake holders. Risk Culture policy of the Bank guide its employees of practicing a sound and robust risk culture at all levels to mitigate risk. The Bank Risk Management…
Pune: A journey that was incepted by 4, managed for a decade by 3 and is now being successfully executed by 2 brave hearts that did not give up on each other even when the people in the process tried to create a dent in the work, ethics & their bond. Taher Mandiwala & Shabbir Hussain have successfully sustained in the industry for 11 years with their digital advertising agency Hats-Off Digital Pvt Ltd while facing all the ups and downs during these years and are now going stronger than ever today to set an example for the Gen Z. They…
New Delhi: Global enterprise TresVista, has been Great Place to Work – Certified™ in India for the second consecutive year in 2023. This award recognizes the company’s efforts toward ensuring a unique and collaborative work culture focused on catalyzing the impact of their employees on both personal and professional fronts. Great Place To Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with their feedback, real-time reporting, and insights they need to…
