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The government anticipates that this financial assistance will stimulate investment of Rs94,000 crore in an industry that is heavily dependent on imports.

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The company already has a 30% share in domestic ports segment

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Paramark Ventures, Krafton Inc--the South Korean gaming giant, 3one4 Capital and Vertex Ventures, also participated in this round of funding.

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IVCA is Indian Venture & Alternate Capital Association

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In February, Join Ventures secured $10 million under the direction of DSG Consumer Partners and other investors

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The business will use the capital to expand its footprint in targeted geographies, speed up research and development, and promote additional product innovation

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The report noted that Dayal, who recently left the top position at Indus for personal reasons, will report to Anil Sardhana, MD, Adani Transmission.

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Sephora, owned by French luxury goods company LVMH, has 25 locations in 13 Indian cities.

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Brent crude futures were down 16 cents, or 0.2%, to $89.67 per barrel, while WTI crude in the US was down 15 cents to $82.79 per barrel.

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