New Delhi, Feb 15 (PTI) Any additional fund infusion by LIC in its associate, IDBI Bank, may have an adverse effect on the financial condition of the insurance behemoth, according to the recently filed draft prospectus. LIC had infused Rs 4,743 crore into IDBI Bank on October 23, 2019 using policyholders’ funds while the bank [...]
This acquisition reinforces Saksoft Group's market position as a solution provider to the Logistics & Transportation industry SINGAPORE, Feb. 15, 2022 /PRNewswire/ -- Saksoft Limited (NSE: SAKSOFT) (BSE: 590051), a leading digital transformation solution provider, announced that its Singapore Subsidiary, (Saksoft Pte Ltd) has completed the acquisition of Singapore based MC Consulting Pte. (www.mcconsulting.com). Speaking [...]
Two senior members of the promoter family of homegrown pharmaceutical major Cipla Ltd on Tuesday sold over 2 crore shares representing 2.5 per cent of total issued and paid-up share capital, the company said in a regulatory filing. Chairman Y K Hamied and Vice Chairman MK Hamied, who are non-executive directors and promoters, have sold [...]
New Delhi, Feb 15 (PTI) Car parking solutions startup Park+ and electric vehicle charging network firm, goEgoNetwork on Tuesday announced a collaboration to deploy EV charging infrastructure in India. Under the collaboration, a network of EV charging infrastructure will be set up initially in five cities, starting with Delhi-NCR, and will cover top 20 cities [...]
New Delhi, Feb 15 (PTI) Mahindra & Mahindra Financial Services (Mahindra Finance) on Tuesday said it has raised an amount aggregating Rs 500 crore by issuing secured bonds. A meeting of the committee of the board was held on Tuesday, February 15, 2022, approving the allotment of 5,000 secured redeemable non-convertible debentures aggregating to Rs [...]
Mumbai, Feb 15 (PTI) Join Ventures, which is a direct-to-consumer ecommerce platform focused on celebration items like flowers with brands such as IGP, Interflora, and Masqa, has raised USD 10 million (over Rs 75 crore) in series-A funding from leading investors. The investors who on-boarded the startup include DSG Consumer Partners, the Rajiv Dadlani Group, [...]
New Delhi, Feb 15 (PTI) Indonesia-based agri-tech startup Semaai on Tuesday said it has raised USD 1.25 million (Rs 8.75 crore) in a funding round. The pre-seed funding round was led by Surge, Sequoia Capital India's rapid scale-up program for startups in India and Southeast Asia, and Beenext. While Semaai primarily operates in Central Java, [...]
New Delhi, Feb 15 (PTI) Healthtech startup Kenko Health on Tuesday said it has raised USD 12 million (around Rs 90 crore) in a funding round led by Sequoia Capital. The Series A round also saw participation from Beenext, Orios, 9Unicorns and Waveform. The Bengaluru-based Kenko Health provides subscription-based service that covers health expenses across [...]
New Delhi, Feb 15 (PTI) Computer chip company AMD has said that the acquisition of fabless semiconductor company Xilinx will double its presence in India. AMD has acquired Xilinx for USD 35 billion, which is the biggest acquisition deal in the semiconductor segment. "It is a momentous occasion for AMD as we close the acquisition [...]
New Delhi, Feb 14 (PTI) Personal care products maker Honasa Consumer Pvt Ltd (HCPL) on Monday announced to acquire BBLUNT, a premium hair care, hair colour and styling products brand, into a Rs 138-crore deal, which includes buying out of 30 per cent share of Godrej Consumer Products Limited (GCPL) into the company. Besides, in [...]
