Mumbai, Apr 11 (PTI) A private equity fund manager sponsored by the Oman Investment Authority and State Bank of India on Monday said it has invested Rs 75 crore in Kolkata-based jewellery retailer Senco Gold. The investment of Rs 75 crore by Oman India Joint Investment Fund II (OIJIF II) will be through equity for [...]
New Delhi, Apr 11 (PTI) US-based real estate firm Hines has tied up with DNR group to develop a premium commercial project in Bengaluru comprising two million square feet of leasable area. This is the second office project being developed by both the companies in partnership with each other. The project 'DNR Nagavara' will be [...]
New Delhi, Apr 11 (PTI) Global investment firm KKR will acquire close to 10 per cent stake in Shriram General Insurance Company, a statement said. Shriram General Insurance (SGI) is backed by Shriram Group and pan-African financial services group Sanlam.Definitive agreements were signed on Monday between KKR, SGI and Sanlam under which KKR will acquire [...]
Mumbai, Apr 11 (PTI) Electric two-wheeler maker Batt:RE has partnered with Royal Challengers Bangalore as the latter's official EV partner for the ongoing 15th edition of the Indian Premier League (IPL), a statement said on Monday. The partnership will include distribution of signed team merchandise and memorabilia along with jerseys and bats. Besides, it will also [...]
Mumbai, Apr 11 (PTI) The Indian subsidiary of the US-based helicopter transport firm BLADE has joined hands with Lexus, which is the luxury car arm of Japanese auto major Toyota, to offer travellers premium mobility services. The partnership includes BLADE collaborating with Lexus to provide on-ground Lexus vehicle experience to the flyers across its routes in [...]
New Delhi, Apr 11 (PTI) Baba Ramdev's Ruchi Soya Industries on Monday said it will evaluate the most efficient mode to merge Patanjali Ayurved Ltd's food portfolio with itself and has also decided to change the name of the company to Patanjali Foods Ltd. Ruchi Soya has recently raised Rs 4,300 crore through its Follow-on [...]
New Delhi, Apr 11 (PTI) Edtech company Byju's on Monday announced the appointment of Vedhanarayanan Ganeshkumar as Vice-President Technology.Vedhanarayanan will play a key role in accelerating critical technologies to scale Byju's tech and innovation prowess, the company said in a statement.The company said it has appointed Amazon tech veteran Vedhanarayanan as Vice President Technology."This new [...]
Tata Motors is looking to ramp up the production of electric vehicles as demand continues to outpace the manufacturing activity by a huge margin, according to a top company official. The Mumbai-based automaker, which led the passenger electric vehicle space in the domestic market in last fiscal year, has been receiving an average of 5,500-6,000 [...]
New Delhi, Apr 11 (PTI) Startup YOUKRAFT, an online marketplace for interiors and construction industry, on Monday said it has secured a commitment of USD 10 million in seed funding from the Goel Family Office, including the company's founder and CEO Manav Goel. YOUKRAFT consolidates brands across more than 25 key industry verticals to provide [...]
Mumbai, Apr 11 (PTI) Global logistics services provider DB Schenker on Monday said it has appointed Kinjal Pande as the new CEO (chief executive officer) for India and the Indian subcontinent with immediate effect. Pande, who succeeded interim CEO Vivek Chopra, brings a wide experience from other leading global forwarders in the logistics industry, the [...]
