Co-founder of PB Fintech Alok Bansal on Friday divested over 28 lakh shares of the company for Rs 236 crore through an open market transaction. PB Fintech operates the online insurance platform Policybazaar and credit comparison portal Paisabazaar. According to the bulk deal data available with NSE, Bansal sold a total of 28,57,820 shares of PB [...]
New Delhi, Feb 11 (PTI) The Competition Commission on Friday approved acquisition of certain stake in Sajjan India Ltd by Sona Company. The proposed transaction relates to investment in Sajjan India by way of acquisition of equity shares, according to a combination notice filed with the regulator. Sajjan India is engaged in manufacture of chemical [...]
New Delhi, Feb 11 (PTI) Fintech company Revolut, backed by SoftBank and Tiger Global, on Friday said it has acquired foreign exchange services company Arvog Forex through its subsidiary as it gears up to start operations in India. While the company did not disclose the financial details of the transaction, a source, who did not [...]
New Delhi, Feb 11 (PTI) Alkem Laboratories on Friday said it has inked a licence agreement with Harvard University's Office of Technology Development (OTD) to develop and commercialise a novel technology for effective treatment of diabetic neuropathy, foot ulcers, peripheral arterial disease (PAD) and other injuries caused by vascular disease. Developed in the lab of [...]
New Delhi, Feb 11 (PTI) Bharti Airtel's data network faced disruption for a brief duration, around 5 minutes, across India due to a technical glitch, and the network was fully normalized within a few minutes, the company said on Friday. Several Airtel users on Twitter complained that both their mobile data and broadband connection stopped [...]
New Delhi, Feb 11 (PTI) Hero Electric on Friday said it has tied up with State Bank of India (SBI) for retail finance for its customers.The customers can now ride home their favourite company scooter at the lowest interest rates across India for a hassle-free experience, Hero Electric said in a statement."There is strong demand [...]
New Delhi, Feb 11 (PTI) Beauty Brand Renee Cosmetics on Friday said it has raised USD 10 million (Rs 75 crore) in funding from Mensa Brands along with existing investors. The brand will use the capital to expand its product line and grow digital and offline presence, said a statement from Renee Cosmetics. "The round [...]
N Chandrasekaran was on Friday reappointment as the chairman of Tata Sons - the holding company of the salt-to-software Tata Group - for a second five-year term. His reappointment was backed by Ratan Tata, chairman of Tata Trusts, the majority owners of Tata Sons. Tata Sons board met on Friday to review the last five [...]
Mumbai, Feb 11 (PTI) Commercial electric vehicle maker Altigreen on Friday said it has raised Rs 300 crore (USD 40 million) in a funding round for capacity expansion, new products launch and to develop a pan-India network. The Series A investment is led by Sixth Sense Ventures, along with Reliance New Energy, Xponentia Capital, Accurant [...]
New Delhi, Feb 11 (PTI) The second and third days of auction of coal blocks for commercial use saw Jindal Steel and Power bagging Utkal-C coal mine in Odisha, while Hindalco Industries made the highest bid for Meenakshi mine in the eastern state. While BS Ispat Ltd emerged as the highest bidder for Majra mine [...]
