New Delhi, Apr 6 (PTI) Health-tech firm Doceree has raised USD 11 million (about Rs 83.5 crore) in a Series A funding round led by investment firm Fidelity-backed Eight Roads Ventures. F-Prime Capital and Alkemi Growth Capital also participated in the round. "Doceree will use the funds to scale its global operations, expand partnerships, augment [...]
Auto components major Motherson Sumi Systems Ltd (MSSL) on Wednesday said it has successfully completed the acquisition of a majority stake in Bengaluru-based CIM Tools Private Ltd. In October last year, MSSL had announced acquiring a 55 per cent stake in CIM Tools Private Limited (CIM), which is a leading supplier in the aerospace supply [...]
New Delhi, Apr 6 (PTI) India's national highway construction slowed to 28.64 km a day in 2021-22 due to COVID-19 pandemic related disruptions and a longer-than-usual monsoon in some parts of the country, Union Road Transport and Highways Secretary Giridhar Aramane said on Wednesday.The pace of national highway (NH) construction in the country had touched a [...]
New Delhi, Apr 6 (PTI) The Comptroller and Auditor General on Wednesday pulled up UIDAI for the issuance of Aadhaar to children below the age of five years on the basis of the biometrics of their parents without confirming the uniqueness of biometric identity, saying such acts are against the basic tenets of Aadhaar Act. [...]
Mumbai, Apr 6 (PTI) AI-driven tech firm LocoNav has formed a strategic partnership with business-to-business logistics optimisation startup Locus.Following the collaboration, LocoNav's fleet management solutions (FMS) will help Locus optimise and operate multiple vehicles with ease on a single platform, a release said on Wednesday.LocoNav's fleet management solution includes offerings like track and trace, fuel [...]
Coffee Day Enterprises Ltd on Wednesday said it has defaulted a total of Rs 479.68 crore on repayment of loans and unlisted debt securities in the quarter ended March 31, 2022. In a regulatory filing, the company said it has defaulted Rs 224.88 crore on repayment of loans or revolving facilities like cash credit from [...]
Seraikela (Jharkhand), Apr 6 (PTI) Tata Steel Foundation (TSF) on Wednesday signed a Memorandum of Understanding with the Jharkhand government to set-up Industrial Training Institute (ITI) at Chandil in the Seraikela-Kharsawan district. The objective was to shape more young talents of Jharkhand and make them industry ready. The MoU was signed by Sourav Roy, Chief, [...]
Mumbai, Apr 6 (PTI) India Inc is likely to give an average hike of 9 per cent salary hike this year due to a more positive investment outlook, especially in manufacturing and infrastructure development, according to a report.The common salary enhancement in 2022 is going to be 9 per cent against 7 per cent in [...]
New Delhi, Apr 6 (PTI) Global non-profit organisation WEConnect International on Wednesday organised a virtual meeting, where representatives of women-owned businesses and MNCs discussed about opportunities for women to gain greater access to markets and finance.The event saw participation from 200 women-owned businesses, out of which 87 were from India, WEConnect International said in a [...]
New Delhi, Apr 6 (PTI) GE's renewable energy business arm Grid Solutions on Wednesday announced that it has bagged a contract from Renew Power to build two electricity substations in Karnataka. GE's multi-million dollar contract with ReNew Power is part of the Narendra-Koppal electricity transmission scheme, a statement said. GE's Grid Solutions business has been [...]
