by PTI News | Feb 18, 2022 | 7:28 pm | Corporate Action, News
Mumbai, Feb 18 (PTI) The Mahindra group, Tiger Global and Sequoia-backed Porter, an on-demand intra-city last-mile logistics aggregator, is entering the long distance, inter-city segment as well as offering packers & movers service. It also plans to expand to 25 cities this year from 15 cities now. The Uber of last-mile logistics was founded by [...]
by PTI News | Feb 18, 2022 | 7:13 pm | Corporate Action, News
New Delhi, Feb 18 (PTI) Indian conglomerate Vedanta has earmarked USD 15 billion for foray into the electronic chip and display manufacturing space, and plans to scale up the investment to as much as USD 20 billion (about Rs 1.5 lakh crore), a senior company official said. It expects to roll out display units, for [...]
by PTI News | Feb 18, 2022 | 7:00 pm | Corporate Action, IPO, News
New Delhi, Feb 18 (PTI) Markets watchdog Sebi on Friday proposed that loss-making new age technology companies planning to list their shares should make disclosures about their key performance indicators considered for arriving at the basis of issue price in offer documents. Besides, such companies should make disclosures about their valuations based on issuance of new [...]
by PTI News | Feb 18, 2022 | 6:28 pm | Corporate Action, News
New Delhi, Feb 18 (PTI) CSB Bank on Friday said the Reserve Bank has approved appointment of Pralay Mondal as the deputy managing director of the private sector lender for three years. "Pralay Mondal has been appointed as Deputy Managing Director of CSB Bank post RBI's approval in terms of Section 35B of the Banking [...]
by PTI News | Feb 18, 2022 | 5:47 pm | Corporate Action, News
Mumbai, Feb 18 (PTI) Healthcare industry veteran Kapil Khandelwal's Toro Finserve has announced the launch of its maiden healthcare fund with a USD 1 billion (about Rs 7,450 crore) commitment from investors, primarily hedge funds and healthcare industry players. Khandelwal, who launched the country's first quant (algo-based) hedge fund -- EquNev-K1t Capital -- which he [...]
by PTI News | Feb 18, 2022 | 5:17 pm | Corporate Action, News
New Delhi, Feb 18 (PTI) Education-focussed fintech firm Propelld on Friday announced raising USD 35 million (about Rs 262 crore) from WestBridge Capital and others. Existing investors Stellaris Venture Partners and India Quotient also participated in the Series-B funding round. Founded in 2017 by IIT Madras trio of Bibhu Prasad Das, Victor Senapaty and Brijesh [...]
by PTI News | Feb 18, 2022 | 4:59 pm | Corporate Action, News
New Delhi, Feb 17 (PTI) Hinduja Global Solutions (HGS) board has approved share entitlement ratio of 20:63 for acquisition of the digital, media and communications business of NXTDIGITAL, the company said on Friday.The acquisition of NXTDIGITAL (NDL's) business undertaking will not entail cash outflow from HGS.HGS will issue 20 equity shares of Rs 10 each [...]
by PTI News | Feb 18, 2022 | 3:22 pm | Corporate Action, News
New Delhi, Feb 18 (PTI) The country's largest airline IndiGo on Friday took delivery of its first aircraft from Airbus that operated on a blend of sustainable aviation fuel and normal fuel. After the plane landed at the airport here from France on Friday, IndiGo CEO Ronojoy Dutta said the airline is also talking to [...]
by PTI News | Feb 18, 2022 | 2:53 pm | Corporate Action, News
New Delhi, Feb 18 (PTI) Mahindra Holidays & Resorts India Ltd on Friday said it will sell its entire 10.76 per cent stake in Nreach Online Services Pvt Ltd for a consideration of Rs 29.31 crore to Gift Management Asia Pte Ltd. The company has entered into an agreement with Gift Management Asia for the [...]
by PTI News | Feb 18, 2022 | 2:50 pm | Corporate Action, News
New Delhi, Feb 18 (PTI) State-owned hydro power giant NHPC has incorporated NHPC Renewable Energy Ltd for clean energy business. As per a BSE filing, the new company was registered with Registrar of Companies, NCT of Delhi & Haryana, on February 16, 2022 for development of renewable energy, small hydro and green hydrogen projects. This [...]
