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TTML losses widen to nearly Rs 302 crore in Dec quarter

New Delhi, Feb 8 (PTI) Tata Teleservices (Maharashtra) on Tuesday reported widening of losses to about Rs 302 crore for the quarter ended December 2021 compared to the year-ago period. The revenue from operations for Tata Teleservices (Maharashtra) Ltd or TTML rose two per cent year-on-year to Rs 284.2 crore in the third quarter of [...]

Private equity fund Kedaara-owned GAVS to merge with GS Lab

Mumbai, Feb 8 (PTI) GAVS, a tech company owned by private equity fund Kedaara, on Tuesday announced a merger with Great Software Laboratory (GS Lab) to create a digital product engineering and artificial intelligence-led digital transformation platform. The combined entity will have close to 4,000 technical employees and have operations spread across US, UK, Middle [...]

Business briefs

*HDFC ERGO General Insurance launches cyber insurance policy Mumbai, Feb 8 (PTI) Non-life insurer HDFC ERGO General Insurance has launched a cyber insurance policy to mitigate cyber-related/digital risks for individual customers.    The policy -- Cyber Sachet Insurance Policy -- provides protection against online fraud, email spoofing, phishing, identity theft, online shopping, and reputation restoration, a [...]

Cost of state debt soars 41 bps to 7.24%

Mumbai, Feb 8 (PTI) Ahead of the monetary policy announcement on Thursday wherein the MPC is likely to begin liquidity tightening with a marginal reverse repo hike, states on Tuesday had to pay a higher price to bond investors as the weighted average cut-off rate jumped by a hefty 41 basis points to 7.24 per [...]

Wealthy.in raises Rs 56 cr in funding round led by Alpha Wave

New Delhi, Feb 8 (PTI) Bengaluru-based wealth management platform Wealthy.in on Tuesday said it has raised Rs 56 crore in Series A round of funding led by Alpha Wave Incubation. New investor Savrola Group and existing investors Venture Highway, Good Capital & Emphasis Ventures also participated in the round. "With the latest round of funding, [...]
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