Bajaj Allianz Life Insurance on Thursday said it has declared a bonus of Rs 1,070 crore for its policyholders in the fiscal ended March 2022. The company has announced the bonus for the 21st consecutive year. The life insurer said those having participating policies which are in-force for the full sum assured as of March [...]
Within a fortnight of laying off 200 employees, edtech firm Vendantu has further fired 424 employees from the company citing tough external environment and fear of recession. Vedantu, after laying off 200 employees, had shared it's plan of hiring 1,000 employees this year. "Today I am writing about one of the toughest decisions we had [...]
Cloud certification and skilling platform QwikSkills has raised Rs 3.85 crore in a seed funding round led by Indian Angel Network (IAN) along with other investors. The funding was led by angel investors Manish Sinha and Naveen Gupta of IAN, according to a statement. IAN leads Rs 3.85 crore investment in cloud certification and skilling [...]
Billionaire Gautam Adani's group has created a new company for its foray into healthcare services through the acquisition of large hospitals, diagnostic chains, and offline and digital pharmacies. Adani Enterprises Ltd - the group's business incubator firm - in a regulatory filing said a wholly-owned subsidiary, Adani Health Ventures Ltd (AHVL) was incorporated on May [...]
Axis Asset Management Company, the mutual fund promoted by Axis Bank, has terminated its chief trader and fund manager Viresh Joshi, who was facing allegations of front-running. Front-running refers to an illegal practice in the stock market where an entity trades on the basis of advance information from a broker or analyst before the information [...]
Online travel firm MakeMyTrip on Thursday said it has partnered with 15 banks, NBFCs and fintech players, including HDFC Bank, IDFC Bank, Capital float and Zest Money, for its 'book now pay later' option while booking flight or hotels. The company's fintech arm TripMoney has established a marketplace attracting 15 banks, NBFCs and fintech players, [...]
The platform will utilise funds to enhance existing products and launch new offerings for college students New Delhi, 19th May 2022: Internshala, a career tech platform for college students, raised an undisclosed amount in the Series A funding round from LC Nueva Investment Partners that raised the investment through their venture capital fund – LC [...]
IDBI Bank on Wednesday said it has divested its entire stake of over 19 per cent in ARCIL to Avenue India Resurgence Pte. The lender, however, did not disclose the deal value. "...IDBI Bank has sold its entire holding of 6,23,23,800 fully paid-up equity shares constituting 19.18 per cent of the total equity share capital [...]
Wow Skin Science, a beauty and wellness focused brand, on Wednesday said it has received funds from Singapore's sovereign wealth fund GIC. The company did not disclose the amount received but said it wants to invest the fresh capital in brand building and talent acquisition. It will also be looking at acquisition-led growth opportunities, an [...]
Cooling products maker Blue Star has doubled its production capacity of deep freezers as the company looks to tap the rising demand in the commercial refrigeration business. The company has augmented its manufacturing facility at Wada, Maharashtra with a capital expenditure of around Rs 130 crore. Now, it has the capacity to produce around 2 [...]
