New Delhi, Feb 4 (PTI) State-run Power System Operation Corporation Ltd(POSOCO) on Friday said its Director (System Operation) S R Narasimhan has taken additional charge of the post of chairman and managing director. "S R Narasimhan, Director (System Operation), has assumed the additional charge of the post of Chairman and Managing Director (CMD) of Power [...]
New Delhi, Feb 4 (PTI) Airtel Africa will clear a bond payment worth Rs 3,772 crore about a year in advance on March 7, 2022, a regulatory filing said on Friday. Bharti Airtel International(Netherlands) BV, which manages the company's Africa business, had issued the bond on March 11, 2013. "Bharti Airtel International (Netherlands) BV, a [...]
Digital service company Jio Platforms on Friday announced an investment of USD 15 million in Silicon Valley-based deep tech startup Two Platforms for acquiring 25 per cent equity stake on a fully diluted basis. Founded by former Samsung Technology and Advanced Research president and CEO Pranav Mistry, Two Platforms is an artificial reality company with [...]
New Delhi, Feb 4 (PTI) InterGlobe Aviation on Friday announced the appointment of its Co-founder Rahul Bhatia as the company's Managing Director with immediate effect. The company is the parent of the country's largest airline IndiGo. Bhatia is the Co-founder and Promoter of InterGlobe Aviation. The board of directors, during its meeting on Friday, unanimously [...]
New Delhi, Feb 4 (PTI) Anuradha Guru, who is the Economic Adviser at the corporate affairs ministry, has been appointed as an ex-officio member of the Insolvency and Bankruptcy Board of India (IBBI). The government, meanwhile, has appointed former civil servant Ravi Mittal as the chairperson of IBBI, a key institution in implementing the Insolvency [...]
New Delhi, Feb 4 (PTI) Avaada Energy on Friday said it installed 1GW capacity last year, which is the largest among all the renewable energy independent power producers in India. "Avaada Energy...has successfully commissioned 2.2 GW of utility-scale solar PV (photovoltaic) projects to date. The capacity is spread across nine states in the country," a [...]
New Delhi, Feb 4 (PTI) The value added tax on jet fuel in the Union Territory of Dadra and Nagar Haveli and Daman and Diu has been cut to 3 per cent from 20 per cent, with Union Civil Aviation Minister Jyotiraditya Scindia terming the move as a "progressive decision". The civil aviation ministry has [...]
Mumbai, Feb 4 (PTI) Bombay Shaving Company on Friday said it has raised Rs 50 crore from Gulf Islamic Investments (GII), which will help it gain access to the Middle East region. The company, which is into personal care and hair removal, recently had a Rs 160 crore fund infusion and the latest one takes [...]
New Delhi, Feb 4 (PTI) Delhi NCR-based office tools app Kaagaz on Friday said it has been accepted in an accelerator program of US-based Y Combinator, where early-stage startups are supported with upfront funding of USD 500 thousand or about Rs 3.7 crore. Kaagaz will get to demonstrate its solution before over 1,000 global investors [...]
New Delhi, Feb 4 (PTI) Fintech startup firm Jar on Friday said it has raised USD 32 million (about Rs 240 crore) in a Series A round funding led by Tiger Global.Rocketship.vc, Third Prime, Stonks, Force Ventures and existing investors, including Arkam Ventures and WEH, also participated in the new round.Angel investors, including Klarna founder [...]
