Capital markets regulator Sebi will auction seven properties of Saradha Realty India Ltd and its promoters and directors on February 22 for a reserve price of over Rs 59 lakh in order to recover money raised by the company from public through illicit schemes. The properties to go under the hammer include land parcels located [...]
The Reserve Bank on Tuesday extended the restrictions on Millath Co-Operative Bank, Devangere (Karnataka), by another three months till May 7, 2022. As per the directions issued first on May 10, 2019, withdrawals were capped at Rs 1,000 from any account. The directions have been periodically extended till now. In a press statement on Tuesday, [...]
Home interior and renovation platform Livspace has turned unicorn after raising USD 180 million in a funding round led by investment firm KKR at a valuation of over USD 1 billion, the company said on Tuesday. Existing investors including Ingka Group Investments (part of largest IKEA retailer Ingka Group), Jungle Ventures, Venturi Partners, and Peugeot [...]
New Delhi, Feb 7 (PTI) JSW Energy on Monday said that India Ratings has upgraded its long-term credit rating to IND AA (stable) from IND AA- (stable). "Long-term credit rating of JSW Energy Ltd has been upgraded to IND AA (stable) from IND AA- (stable) by India Ratings Pvt Ltd, the wholly-owned Indian subsidiary of [...]
Mumbai, Feb 7 (PTI) Trifecta Capital on Monday announced a Rs 1,500 crore fund raise to be invested in equity issuances by domestic companies. The company, which has traditionally been in venture debt, had launched the Trifecta Leaders Fund - I, its maiden offering on equity, in May 2021. It announced a first close in [...]
New Delhi, Feb 7 (PTI) Noida-based OneTo11 on Monday announced that it has raised USD 2.5 million in its private and seed funding round. The investment round was led by a wide selection of investment and capital groups and global blockchain investors like Jason Stone and Carl Runefelt. "The company plans to utilise the acquired [...]
Amaravati, Feb 7 (PTI) The HPCL’s Visakha Refinery is set for modernisation and expansion at a cost of Rs 26,264 crore. “This is by far a massive industrial project ever in Andhra Pradesh,” BJP MP G V L Narasimha Rao said in a statement here on Monday. Under the Visakha Refinery Modernisation Project (VRMP), the [...]
Mumbai, Feb 7 (PTI) Satsure, a start-up working at the intersection of space tech, artificial intelligence (AI), and software-as-a-service (SaaS), has raised USD 5 million in the pre-Series-A funding round led by Baring Private Equity India, along with ADB Ventures (Asian Development Bank's venture capital arm). The Bengaluru-based start-up said other investors who participated in [...]
New Delhi, Feb 7 (PTI) Meesho, an e-commerce firm backed by SoftBank and Facebook, on Monday said it will permanently allow its employees to work from home, office or any location of their choice. The company will be headquartered in Bengaluru and will look to set up remote offices across the country based on talent [...]
Mumbai, Feb 7 (PTI) Pfizer India on Monday appointed Pradip Shah as the chairman of its board following the resignation of R A Shah on February 3. Announcing the appointment, S Sridhar, the managing director of the company, said with Pradip Shah's elevation as the chairman, the firm will work closely with him on matters [...]
