New Delhi, Apr 6 (PTI) VerSe Innovation -- the local language technology platform and parent of content and news aggregator Dailyhunt and short video app Josh -- on Wednesday said it has raised USD 805 million (over Rs 6,070 crore) in latest funding rounds from marquee global investors. With this, its valuation has reached a [...]
Hyderabad, Apr 5 (PTI) Wipro Consumer Care & Lighting on Tuesday opened its new factory at Maheshwaram here with an investment of Rs 300 crore. Telangana Industries Minister K T Rama Rao and Founder Chairman of Wipro Group Azim Premji inaugurated the facility. Wipro Consumer Care commenced construction of the facility in 2018 with the [...]
Mumbai, Apr 5 (PTI) Non-banking finance company IIFL Finance on Tuesday said it has bought back USD 50 million worth of overseas bonds with funds raised through a loan from a global bank. The buyback will reduce the company's cost of funds by around 225 basis points. IIFL Finance had raised USD 400 million through [...]
New Delhi, Apr 5 (PTI) UK-based advisory and investment firm Nithia Capital on Tuesday announced the acquisition of Crest Steel and Power Pvt Ltd (CREST) in Chhattisgarh for Rs 600 crore through an insolvency process. This acquisition has been completed under an insolvency process in partnership [...]
Mumbai, Apr 5 (PTI) India Inc has raised a record USD 19 billion in green capital in 2021, led by Wall Street major Bank of America, which is only a fraction of the USD 1 trillion that global corporations raised in green financing in the year.While corporate India raised USD 19 billion in green capital [...]
Chennai, Apr 5 (PTI) German luxury sports carmaker Porsche on Tuesday announced appointment of KUN Premium Cars Pvt Ltd as its dealer partner for Porsche Centre Chennai.Strengthening its presence in southern region, the company has set up VST Supercars Pvt Ltd as in charge of Porsche Centre in Bengaluru. Both the business partners have initiated [...]
New Delhi, Apr 5 (PTI) Resurgent Power Ventures has completed the acquisition of electricity transmission project NRSS XXXVI Transmission Ltd under debt resolution initiated by PTC India Financial Services via competitive bidding."Pursuant to the Letter of Intent (LOI) issued by the lenders of NRSS XXXVI Transmission Ltd (NRSS XXXVI), Resurgent Power Ventures Pte Ltd (Resurgent) [...]
Anand (Gujarat) Dairy major Amul feels prices will remain "firm" going forward due to increased pressure from energy, logistics and packaging costs, a top official said on Tuesday. "Prices will be firm, I can't say by how much. They can't go down from here, can only go up," Amul MD RS Sodhi told PTI when [...]
Noida, Apr 5 (PTI) The Greater Noida Industrial Development Authority (GNIDA) on Tuesday approved a budget of over Rs 5,100 crore for 2022-23, allocating Rs 2,000 crore from it for land acquisition and Rs 1,400 crore for development works in villages and residential sectors. This is the biggest budget for any fiscal year since 2017-18 [...]
Mumbai, Apr 5 (PTI) MakeMyTrip's fintech arm TripMoney on Tuesday said it has acquired a majority stake in online foreign currency exchange services provider BookMyForex to become a one-stop solution for all forex needs.BookMyForex's suite of services, including currency exchange that offers real-time exchange rates, multi-currency prepaid forex cards, cross border remittances and other ancillary [...]
