New Delhi, Jan 14 (PTI) Imagine Marketing, the parent company of earwear brand boAt, on Friday said it will acquire Singapore-based KaHa Pte, an end-to-end smart IoT product development company, for an undisclosed amount. It has signed a definitive agreement to acquire KaHa, a move that will help to create next-generation IoT-enabled wearable products and [...]
New Delhi, Jan 14 (PTI) Industrialist Anil Agarwal-owned mining major Vedanta Group on Friday said it is exploring investment opportunities in the mineral sector of Saudi Arabia. The company is already in discussions with stakeholders in Saudi Arabia, which is aiming to become a mineral hub in the Middle East, Vedanta said in a statement. [...]
New Delhi, Jan 14 (PTI) Passenger vehicle dispatches from factories to dealers declined 13 per cent to the lowest level in five years in December last year as the industry continued to face production issues due to semiconductor shortage, auto industry body SIAM said on Friday. Passenger vehicle dispatches last month stood at 2,19,421 units compared [...]
New Delhi, Jan 14 (PTI) Infrastructure company MEIL has bagged 15 city gas distribution (CGD) projects across nine states, bids for which were opened on Friday, according to a company statement. The Petroleum and Natural Gas Regulatory Board (PNGRB) had earlier called for the 11th round of bidding of CGD projects for 65 geographical areas [...]
New Delhi, Jan 14 (PTI) The Centre will make it mandatory for carmakers to provide a minimum of six airbags in motor vehicles that can carry up to 8 passengers for enhanced safety of occupants, Union Minister Nitin Gadkari said on Friday. In a series of tweets, the Road Transport and Highways Minister said his ministry [...]
New Delhi, Jan 14 (PTI) Aditya Birla Fashion and Retail Ltd (ABFRL) on Friday said it will acquire a 51 per cent majority shareholding in popular and contemporary brand 'Masaba' promoted by the leading designer Masaba Gupta for a cash consideration of Rs 90 crore. The Aditya Birla Group has entered into a 'binding term [...]
New Delhi, Jan 14 (PTI) Shares of IT firm Mindtree on Friday tumbled over 4 per cent even after the company posted a 34 per cent jump in consolidated net profit for the December 2021 quarter.The stock plunged 5.61 per cent to Rs 4,477.25 amid profit-taking during the day on BSE. It settled at Rs [...]
This is the largest fundraise till date in the Game Streaming Space in India New Delhi, Delhi, India (NewsVoir) As the frenzied deal activity in the Indian gaming industry continues unabated, Rooter, India’s leading game streaming and e-sports platform, announced its $25 million (INR 185 crore) Series A funding. A&W Capital, a cross-border investment advisory [...]
New Delhi, Jan 14 (PTI) Gross office space leasing across nine major cities rose 16 per cent to 41.1 million square feet during the last year, driven mainly by higher demand in Hyderabad, real estate consultant CBRE said on Friday. Office space leasing or absorption stood at 35.4 million square feet during 2020, while the [...]
Amaravati, Jan 14 (PTI) Andhra Pradesh’s own tax revenue was Rs 16,372.97 crore higher in the first eight months of the 2021-22 financial year, as compared to the corresponding period in 2020-21, but the state’s revenue deficit zoomed to a worrisome 803.72 per cent by the end of November, the Comptroller and Auditor General (CAG) [...]
