New Delhi, Feb 9 (PTI) Leading provider of investor and issuer solutions KFin Technologies on Wednesday announced the acquisition of Hexagram Fintech, an IT product company specialising in fund accounting and reconciliation product development. Post this acquisition, Hexagram will become a wholly-owned subsidiary of KFin Technologies, according to a statement. [...]
New Delhi, Feb 9 (PTI) Dr Reddy's Laboratories on Wednesday said it has launched vasopressin injection, which is used to control frequent urination, increased thirst, and loss of water caused by diabetes, in the American market.The company has launched the product, a generic version of Par Pharmaceuticals' Vasostrict, in the US market after getting approval [...]
New Delhi, Feb 9 (PTI) Startup consulting and SaaS firm xto10x Technologies on Wednesday said it has raised USD 25 million (about Rs 186.9 crore) in funding led by its co-founder Binny Bansal.The series A funding round also saw participation from 28 founders and senior leaders of the startup ecosystem in India and Southeast Asia."The [...]
New Delhi, Feb 9 (PTI) Fintech firm Karbon Card on Wednesday announced to have USD 15 million, about Rs 112 crore, in a Series-A funding round led by Olive Tree Capital. Harmony and AvenirGrowth Capital also participated in the funding round. Existing investors Ramp, Mercury and Orios Venture Partners also invested, the company said in [...]
Real estate developer D B Realty will allot 5 crore warrants to investors, including Rakesh Jhunjhunwala and his wife, within days of Godrej Properties cancelling its plans to invest Rs 700 crore in the company to pick up 10 per cent stake and set up a joint platform. The company will raise Rs 1,575 crore [...]
New Delhi, Feb 9 (PTI) Lagnam Spintex, the manufacturer of high-quality cotton yarns in India, on Wednesday said it plans to invest Rs 218 crore for the expansion project to double its present manufacturing capacity.The company, which is planning towards the expansion project of 41,472 spindles, expects to get an additional topline (revenue) growth of [...]
Kolkata, Feb 9 (PTI) In a bid toward greater digital focus and keeping pace with the dynamically changing consumer preferences, hospitality major ITC Hotels has launched an app for one-stop destination of guests for room reservations, gourmet food delivery, restaurant table reservations and loyalty membership management, the hotel said on Wednesday. The hotel said it [...]
Logistics firm Xpressbees on Wednesday said it has raised USD 300 million (about Rs 2,250 crore) in a Series-F funding round led by Blackstone Growth, TPG Growth and ChrysCapital. The capital raised will be used for product development, talent acquisition and the next phase of growth, it added. With this round, the total amount of [...]
New Delhi, Feb 9 (PTI) GAIL (India) Ltd has pre-poned the supply of gas from the US and is looking to contract more LNG next year as it doubles down efforts to secure affordable energy supplies to meet the needs of Asia's third-largest economy, chairman Manoj Jain said. India's No.1 gas transporting and marketing firm [...]
New Delhi, Feb 9 (PTI) Leading investor and issuer servicing platform KFin Technologies on Wednesday announced the acquisition of Hexagram Fintech, an IT product company specializing in fund accounting and reconciliation product development. Post this acquisition, Hexagram will become a wholly-owned subsidiary of KFin Technologies, according to a statement. The financial details of the transaction [...]
