by PTI News | Feb 8, 2022 | 7:38 pm | Corporate Action, News
New Delhi, Feb 8 (PTI) Competition Commission has given its nod for the acquisition of athenahealth Group by funds managed and advised by H&F, Bain, and GICSI, and Minerva Holdco Inc. The company, headquartered in US, is a cloud-based provider of medical record, revenue cycle, patient engagement, care coordination, and population health services, as well [...]
by PTI News | Feb 8, 2022 | 7:15 pm | Corporate Action, News
Mumbai, Feb 8 (PTI) Bugworks Research, a clinical stage multi-indication therapeutics startup, has raised USD 18 million (around Rs 134 crore) in a funding round by Lightrock India and existing investors, including the University of Tokyo Edge Capital and Japanese investment house Global Brain Corporation. 3One4Capital India, Acquipharma Holdings, IM Holdings, Featherlite Group India, Lord [...]
by PTI News | Feb 8, 2022 | 7:06 pm | Corporate Action, News
Mumbai, Feb 8 (PTI) The IFC-backed Mintifi, a B2B-focused buy-now-pay-later platform, has raised USD 40 million (about Rs 300 crore) in its series-C round led by Norwest Venture Partners and Elevation Capital. With this the company has raised equity and debt worth USD 60 million. This funding will enable it to expand their capital base [...]
by PTI News | Feb 8, 2022 | 6:14 pm | Corporate Action, News
New Delhi, Feb 8 (PTI) Bajaj Electricals Ltd would demerge its power transmission and distribution (T&D) business into a separate company in a move to create a sector-focused firm and streamline the management structure. The board of Shekhar Bajaj-led company on Tuesday approved the scheme of arrangement between Bajaj Electricals (the demerged company) and Bajel [...]
by PTI News | Feb 8, 2022 | 6:08 pm | Corporate Action, News
New Delhi, Feb 8 (PTI) Life Insurance Corporation (LIC) did not pay any dividend to the government in the last financial year and used the free reserves to increase its paid-up capital, which has now risen to Rs 6,325 crore, the government told Rajya Sabha on Tuesday. In 2019-20 fiscal, the insurance behemoth, which is [...]
by PTI News | Feb 8, 2022 | 5:10 pm | Corporate Action, News
Mumbai, Feb 8 (PTI) Denim retailer Pepe Jeans London on Tuesday said it has appointed Manish Kapoor as Managing Director India, starting 2022.Kapoor has been promoted as the Managing Director in continuation of his current role as Chief Executive Officer, India, the company said in a statement.In his new role Kapoor will be instrumental in [...]
by PTI News | Feb 8, 2022 | 5:08 pm | Corporate Action, News
New Delhi, Feb 8 (PTI) The government has received Rs 914 crore from state-owned GAIL as a dividend tranche, DIPAM Secretary Tuhin Kanta Pandey said on Tuesday.With this, the total dividend receipts of the government from CPSEs stand at Rs 41,240 crore."Government has received about Rs 914 crore from GAIL as dividend tranche," Pandey tweeted. [...]
by PTI News | Feb 8, 2022 | 4:46 pm | Corporate Action, News
New Delhi, Feb 8 (PTI) Hero Electric on Tuesday said it has tied up with OTO to offer low-cost financing solutions on its scooters for B2B companies. The partnership will facilitate easy financing options for the B2B space, the electric two-wheeler maker stated. “Electric two-wheeler financing is the biggest growth driver towards mass adoption in [...]
by PTI News | Feb 8, 2022 | 4:03 pm | Corporate Action, News
Mumbai, Feb 8 (PTI) IndiGo Co-Founder and Managing Director Rahul Bhatia has said the airline needs to continue expanding its domestic and "regional international footprint" besides strengthening the cargo franchise in the near term. In an e-mail to employees on Tuesday, Bhatia, who was appointed as the Managing Director on February 4, said that he [...]
by PTI News | Feb 8, 2022 | 3:21 pm | Corporate Action, News
Chennai, Feb 8 (PTI) MangoPoint, engaged in preserving and promoting high-quality mangoes and mango products, has raised Rs 1.82 crore from investors led by The Chennai Angels, the company said on Tuesday. MangoPoint was founded by Manjula Gandhi Rooban and Prasanna Venkatarathnam in 2018 with the vision of taking India's national fruit to the world [...]
