Gulf-based carrier Oman Air has partnered with IBS Software to fully digitalise its staff travel programme and simplify processes to make it easier for them to manage their personal and corporate travel. A provider of SaaS (software-as-a-service) solutions to aviation, tourism and hospitality sectors, global PE Fund-backed IBS Software caters to a host of clients [...]
Telecom operator Vodafone Idea on Monday said it has boosted the 4G experience of its customers in the national capital region, with multiple network initiatives that spurred better indoor coverage and faster speeds. The company has, till now, deployed the highly efficient 900MHz spectrum as well as 1800 MHz band on about 8,400 sites in [...]
Eyewear house Neso Brands on Monday said it has raised more than USD 100 million (around Rs 775 crore) in seed fund from several investors, including KKR, Softbank, Alpha Wave Global and Temasek. A subsidiary of Softbank-backed eyewear company Lenskart, Neso Brands will partner and invest in consumer eyewear brands around the world and grow [...]
State-owned SJVN Ltd will develop another hydro power project Arun-4 worth Rs 4,900 crore in Nepal. A Memorandum of Understanding (MoU) for the development of the 490 MW Arun-4 hydro electric project in Nepal has been signed in Lumbini, Nepal in the presence of Prime Minister Narendra Modi and Prime Minister of Nepal Sher Bahadur [...]
Sebi has barred Urja Global and four individuals from the securities market for various disclosure lapses and also directed the firm to obtain a practising company secretary's certificate of authenticity for corporate announcements to be made in the next three years. The directions are part of a 56-page order passed by the watchdog on Friday [...]
Digital payments and financial services company Paytm has said that it will seek a new general insurance license with a fresh application, aimed at gaining majority shareholding with a 74 per cent upfront equity stake. In a regulatory filing, Paytm reiterated its intention to make inroads in the general insurance sector, as it is extremely [...]
Honasa Consumer Pvt Ltd (HCPL), the company which owns new age FMCG brands such as Mamaearth and The Derma Co, on Monday said it has acquired a majority stake in skincare brand Dr. Sheth's at a valuation of Rs 28 crore. Its product portfolio has solutions for skin concerns like pigmentation, acne, dryness, wrinkles, and [...]
The Pune unit of Navratna Defence PSU Bharat Electronics Limited (BEL) will manufacture Li-ion battery packs for the electric trucks of US-based Triton, as part of an MoU signed between the two companies. The agreement was inked to explore manufacturing of battery cells in India for energy storage systems and electric vehicles in the heavy [...]
HDFC-backed proptech firm Reloy is targeting a three-fold jump in its revenue to Rs 13 crore this fiscal, helped by expansion to new cities and the addition of more real estate clients. Founded by Akhil Sharaf in 2018, Reloy, erstwhile Loyalie IT Solutions, has been working closely with top builders to create the perfect home-owning [...]
Fresh fruits importer IG International on Monday announced signing of an agreement with state-run Biotech Consortium India Ltd for propagation of 2.5 million rootstocks for apples, stone fruits, kiwifruit and citrus fruits. BCIL (Biotech Consortium India Ltd) has played a key role in promoting the plant tissue culture sector in India and establishing the National [...]
