by PTI News | Feb 10, 2022 | 4:18 pm | Corporate Action, News
New Delhi, Feb 10 (PTI) IPO-bound Ola is looking to expand its financial services business and also obtain an NBFC licence through the acquisition route, sources said. Ola is said to be in talks to acquire at least 3 companies to augment its engineering, product as well as loan management capabilities to support the rapid [...]
by PTI News | Feb 10, 2022 | 3:48 pm | Corporate Action, News
Jammu, Feb 10 (PTI) The Jammu and Kashmir government on Thursday signed a pact with New Zealand for the transformation of the sheep farming sector in the Union territory, officials said. The agreement between the two sides was signed through the virtual mode in the presence of Lieutenant Governor Manoj Sinha and Navin Choudhary, principal secretary [...]
by PTI News | Feb 10, 2022 | 3:40 pm | Corporate Action, News
New Delhi, Feb 10 (PTI) Cement maker ACC Ltd on Thursday said it has been declared as successful bidder for Kannur Limestone Block in Karnataka. Through this mining block, the company has secured estimated limestone resources above 250 million tonnes, ACC said in a statement without disclosing its bid amount. This limestone block is in [...]
by PTI News | Feb 10, 2022 | 3:01 pm | Corporate Action, News
New Delhi, Delhi, India (NewsVoir) 101India, a digital content brand, has joined hands with EAST NFT to foray into the Non-Fungible Tokens (NFT) ecosystem. 101India, which is a part of Offbeet Media Group, has been a pioneering digital content brand bringing unique stories from India which cut across all genres. Its content which ranges from [...]
by PTI News | Feb 10, 2022 | 2:38 pm | Corporate Action, News
New Delhi, Feb 10 (PTI) Petronet LNG Ltd, the operator of the world's largest liquefied natural gas (LNG) import terminal, will invest Rs 40,000 crore over next 4-5 years, including in overseas supply sources, its CEO A K Singh said on Thursday. Petronet plans to make foray into the petrochemical business by investing Rs 12,500 [...]
by PTI News | Feb 10, 2022 | 1:52 pm | Corporate Action, News
Mumbai, Feb 10 (PTI) Pre-owned car retailing platform Spinny on Thursday said it has acquired 100 per cent stake in Ahmedabad-based startup Scouto, a move that marks consolidation in the AI-powered used car solutions space. The company, however, did not disclose the amount it paid for the buyout. The connected car platform was backed by [...]
by PTI News | Feb 10, 2022 | 1:12 pm | Corporate Action, News
New Delhi, Feb 10 (PTI) Telecom operator Bharti Airtel on Thursday announced a new video streaming service, Airtel Xstream Premium, that brings together content from 15 popular video apps, with single subscription at an introductory price of Rs 149 a month. Airtel is eyeing 20 million new users for this paid offering, according to Adarsh [...]
by PTI News | Feb 10, 2022 | 11:04 am | Corporate Action, News
New Delhi, Feb 10 (PTI) IT company Persistent Systems will acquire assets of Data Glove for USD 90.5 million (about Rs 677 crore) in an all-cash deal, the company said in a regulatory filing on Thursday.Through this deal, Persistent will acquire assets of Data Glove Inc, USA, with assets of its Indian subsidiary and affiliate [...]
by PTI News | Feb 9, 2022 | 9:34 pm | Corporate Action, News
New Delhi, Feb 9 (PTI) Tata Steel on Wednesday said that its arm has accepted a letter of award (LoA) for the acquisition of a 93.71 per cent stake in Neelachal Ispat Nigam Ltd (NINL) and added that the process for the buyout is likely to be completed in the next couple of months. On [...]
by PTI News | Feb 9, 2022 | 9:01 pm | Corporate Action, News
Kolkata, Feb 9 (PTI) Availability of long-term finance for infrastructure projects in the country is a challenge, which calls for changes in financial regulation as such development initiatives have lengthy gestation periods, an official said on Wednesday. Speaking at a webinar organised by BCCI, state-run IIFCL Managing Director P R Jaishankar said, "Majority of funds [...]
