New Delhi, Apr 27 (PTI) Digital investment platform Upstox on Wednesday strengthened its leadership team with the appointment of three senior executives. The company appointed Sudeep Ralhan as chief human resources officer, Manoj Agarwal as head of compliance and Sriram Krishnan as vice president of information security portfolio, according to a statement. "We are thrilled [...]
New Delhi, Apr 27 (PTI) Premium tea brand TeaMonk on Wednesday said it has raised Rs 3.5 crore from investors including Inflection Point Ventures to expand in domestic and global markets. The funds raised in a pre-series A round will be utilized for domestic penetration and exploring uncharted territories in international markets, the company said [...]
New Delhi, Apr 27 (PTI) Poshn, an agri-trading platform, on Wednesday said it has raised Rs 28.8 crore from investors including Prime Venture Partners for expansion and future growth. Poshn is a platform for wholesale processed commodity distribution and financing. It enables buyers and sellers of agricultural commodities to trade online. It makes wholesale trading [...]
New Delhi, Apr 27 (PTI) Drug major Lupin on Wednesday said it has joined hands with Yabao Pharmaceutical Co Inc to meet the growing demand for quality drugs with pediatric formulations in the Chinese market. The demand for high quality pediatric medicines has been growing rapidly in China as a result of the government's support [...]
New Delhi, Apr 27 (PTI) Tatas-owned Air India plans to acquire no-frills carrier AirAsia India and has sought approval from the Competition Commission for the proposed deal. AirAsia India is majority-owned by Tata Sons Private Ltd with a shareholding of 83.67 per cent and the remaining stake is with AirAsia Investment Ltd (AAIL), [...]
New Delhi, Apr 26 (PTI) The National Company Law Appellate Tribunal (NCLAT) has reserved its order on Amazon's plea challenging the decision of regulator CCI to suspend approval for the e-commerce major's deal with Future Coupons. In December last year, Competition Commission of India (CCI) suspended the approval given by it in 2019 for Amazon's [...]
New Delhi, Apr 26 (PTI) IT company Cactus Communications has acquired software-as-a-service platform Mind the Graph for an undisclosed amount.The acquisition will enable Cactus to provide automated, DIY science figures and AI-powered scientific communication solutions to the researcher community, academic publishers, and the life sciences industry, the company said in a statement."This acquisition creates a [...]
New Delhi, Apr 26 (PTI) Statkraft and Aker Horizons have partnered to explore opportunities for green hydrogen and ammonia production in India. Statkraft and Aker Horizons, through its portfolio company Aker Clean Hydrogen have signed collaboration agreements to jointly explore opportunities for green hydrogen and ammonia production in India, a statement said. According to the [...]
Mumbai, Apr 26 (PTI) AU Small Finance Bank on Tuesday reported a 105 per cent growth in net income at Rs 346 crore for the March quarter driven by margin expansion, record loan sales and lower provisioning for impaired assets. However, the Jaipur-based lender which has completed five years of operations said its full year [...]
New Delhi, Apr 26 (PTI) Private sector lender RBL Bank on Tuesday said it will seek shareholders' approval for the appointment of interim MD and CEO Rajeev Ahuja till June 24, as the process to appoint a regular head awaits RBI's consent. Voting through postal ballot will start on April 28 and end on May [...]
