Mumbai, Mar 22 (PTI) Aquaconnect, which is an aquaculture inputs and outputs platform, has raised Rs 60 crore or around USD 8 million in a venture debt funding round led by venture debt firm Trifecta Capital. The Chennai-based startup will use the money to strengthen its network of aqua partners and its post-harvest market linkage [...]
Billionaire Anil Agarwal's Vedanta Ltd is seeking a minimum USD 19 price for natural gas produced from a field off Gujarat as it looks to cash in on the recent surge in global energy prices. The firm has called for bids for the sale of 0.25 million standard cubic meters per day of gas produced [...]
Mumbai, Mar 22 (PTI) Rupifi, an embedded fintech player operating in the B2B payments space through its buy-now-pay- later (BNPL) and SME-focused commercial cards, has secured USD 8 million debt from venture capital funds led by Alteria Capital, Trifecta Capital, and Innoven Capital. This funding is an extension of USD 25 million series-A round that [...]
Automotive seating, interiors, and special application vehicles maker Pinnacle Industries on Tuesday announced its foray into electric vehicle (EV) components business. As part of its strategy to become an end-to-end EV components and solutions provider, the company has introduced a range of precision EV components for two and three-wheelers, Pinnacle Industries said in a statement. [...]
New Delhi, Mar 22 (PTI) Guar seed prices on Tuesday rose by Rs 37 to Rs 6,131 per 10 quintals in the futures trade after speculators increased their positions driven by a firm trend at spot market. On the National Commodity and Derivatives Exchange, guar seed for March contracts increased by Rs 37 or 0.61 [...]
New Delhi, Mar 22 (PTI) Guar gum prices on Tuesday gained Rs 73 to Rs 11,270 per five quintals in the futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for April delivery traded higher by 0.65 per cent or Rs 73 to Rs 11,270 [...]
New Delhi, Mar 22 (PTI) Telecom operator Bharti Airtel on Tuesday said it has enhanced parental policy benefits for its employees by including special childcare allowance and flexible working option for new mothers with an aim to drive diverse and inclusive workplace goals. Apart from 26 weeks of maternity leave, women employees returning to work [...]
New Delhi, Mar 22 (PTI) Leading textile manufacturer Arvind on Tuesday said it has appointed Swayam Saurabh as its Chief Financial Officer with effect from March 22.Saurabh was earlier the CFO of ride-hailing app Ola.He will replace Jayesh Shah, who will continue as a whole-time director of the company and Group CFO, Arvind said in [...]
New Delhi, Mar 22 (PTI) Rating agency ICRA on Tuesday said there are strong demand prospects for renewable energy projects in the commercial and industrial segment but regulatory risks pose challenges. The demand prospects for RE (Renewable Energy) capacity addition by Commercial & Industrial (C&I) segment are expected to remain solid, given the improved tariff [...]
New Delhi, Mar 21 (PTI) Technology company Continental on Tuesday said its Gurugram plant has crossed 50 lakh cumulative production milestone for Electronic Brake Systems (EBS). The company said it has achieved the milestone in just five years, ensuring the production schedule remained unaffected despite the COVID-19 pandemic. The EBS portfolio comprises Electronic Stability Control [...]
