New Delhi, Apr 13 (PTI) MediSage, a platform for healthcare practitioners, on Wednesday said it has raised USD 7 million (over Rs 50 crore) in its first round of institutional funding led by Bessemer Venture Partners. The round also saw the participation from other healthcare investors, including Rahul Mukim, Director of Carlyle Group, TP Devarajan, [...]
Xiaomi global VP Manu Jain appears before ED in FEMA case New Delhi/Bengaluru, Apr 13 (PTI) Manu Kumar Jain, the global vice-president of Chinese mobile manufacturing company Xiaomi, on Wednesday appeared before the Enforcement Directorate in connection with alleged contravention of the foreign exchange law, officials said.The federal probe agency, according to sources, is investigating [...]
New Delhi, Apr 13 (PTI) Leading contract research and manufacturing firm Akums Drugs & Pharmaceuticals on Wednesday said it has acquired a manufacturing facility in Himachal Pradesh in order to ramp up its production capacity. The Delhi-based company has acquired the plant, which is one of the largest in the country, from Ankur Drugs and [...]
Lenders of debt-ridden Reliance Capital Ltd (RFL) have decided upon the Request for Resolution Plan (RFRP) document and it will be placed before them for final approval next week. The RFRP document sets the guidelines for the submission and evaluation of the resolution plan and is shared with all the companies which have submitted Expression [...]
Chennai, Apr 13 (PTI) Air conditioning and commercial refrigeration major Blue Star Ltd has set up a new manufacturing facility at Wada in Maharashtra at a cost of Rs 130 crore doubling the production capacity of deep freezers, a top company official said on Wednesday. The facility to produce deep freezers and water coolers, was [...]
Adani Green Energy on Wednesday became the eighth most valued firm in the country with a market valuation of Rs 4.48 lakh crore after overtaking Bajaj Finance and HDFC. The company had on Monday entered the list of top-10 valued firms. Adani Green Energy commanded a market valuation of Rs 4,48,050.99 crore on BSE to [...]
New Delhi, Apr 13 (PTI) Global hospitality chain Hyatt Hotels Corporation is expected to have up to 90 hotels in India in the next five years as it seeks to tap the country's potential of leisure and hospitality, according to the company's Group President Peter Fulton. The company, which on Wednesday opened its third Hyatt [...]
New Delhi, Apr 13 (PTI) Mufin Finance on Wednesday said it has acquired APM Finvest, a BSE-listed NBFC, for over Rs 76 crore in a bid to create India's first financing ecosystem for the fast-growing electric vehicles(EVs) market. This comes after Mufin Finance acquired Rupee Circle, a P2P (peer-to-peer) non-banking financial company, in June 2021. [...]
New Delhi, Apr 13 (PTI) Equity firm TPG Capital-backed wires and cables manufacturer RR Kabel on Wednesday said it has acquired Luminous Power's home electrical business (HEB) from French engineering company Schneider. This acquisition will further strengthen RR Kabel’s consumer electrical goods business, which has a portfolio of fans, lights and appliances, company's Managing Director [...]
Chandigarh, Apr 13 (PTI) Fintech startup XPay.Life, which provides utility bill payment solutions, on Wednesday said it plans to offer UPI and other services to its users. "We are going to launch our UPI on June 10. In the future, we are also coming with small micro finance and loans etc.," Rohit Kumar, founder & [...]
