New Delhi, Jan 27 (PTI) India Mortgage Guarantee Corporation (IMGC) on Thursday announced its partnership with Muthoot Homefin (India) Limited (MHIL) to offer mortgage guarantee backed home loan products to customers in the affordable housing segment.A mortgage guarantee will enable MHIL to sanction higher loan amount (LTV ratio) to the customers at lower rates of [...]
New Delhi, Jan 27 (PTI) Agritech startup Aqgromalin has raised USD 5.25 million (about Rs 39.5 crore) from investors including Sequoia Capital India's - Surge and Venture funds, Omnivore Partners India and Zephyr Peacock India, to expand operations.The Chennai-based Aqgromalin is building a full stack AgTech platform that helps farmers diversify into animal husbandry and [...]
Debt-ridden Future Group will exit from the insurance business in a time-bound manner and plans to sell its 25 per cent equity in Future Generali India Insurance Company Ltd (FGIICL) to its JV partner Generali for a cash consideration of Rs 1,252.96 crore, as part of its asset monetisation plans to pare debts. FGIICL is [...]
Talace Private Limited (Tata Group’s subsidiary) will formally take over Air India along with Air India Express and a 50% stake in AISATS on Thursday.A consortium of lenders has agreed to grant both term loans and working capital loans depending on the airline’s requirements.The deal with the government does not include land and buildings. As [...]
Mumbai, Jan 27 (PTI) Advanced EV battery technology startup Log9 Materials on Thursday announced the launch of a battery replacement and retro-fitment model in partnership with garage network platform SpareIt.The collaboration with SpareIt is aimed at addressing various battery-related issues, such as prolonged downtimes and a lot of dead inventory, Log9 Materials said in a [...]
New Delhi, Jan 27 (PTI) Sun Pharmaceutical Industries on Thursday said its subsidiary has launched Cequa, a new treatment for dry eye disease, in Canada.Sun Pharma Canada Inc, a wholly-owned subsidiary of the Mumbai-based drug major, has introduced Cequa (cyclosporine ophthalmic solution 0.09 per cent w/v), a calcineurin inhibitor immunomodulator.The product is the first dry [...]
New Delhi, Jan 27 (PTI) Larsen and Toubro Infotech (LTI) on Thursday said it has partnered with IIT Madras for collaborative research in the field of 5G.Through this collaboration, LTI and IIT Madras aim to innovate in the emerging 5G space and enable 5G frameworks validation, low-frequency RF deployments and use case testing with 5G [...]
New Delhi, Jan 27 (PTI) JB Chemicals and Pharmaceuticals Ltd on Thursday said it will acquire brands for the Indian market from Sanzyme Pvt Ltd, a player in the probiotics and reproductive health segment, for Rs 628 crore.The brands to be acquired include those in the probiotics portfolio and reproductive health segment of Sanzyme, the [...]
New Delhi, Jan 27 (PTI) The government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets, ahead of the national airline's takeover by the Tata Group. The government had in October last year, inked the share purchase agreement with the Tata Group for the sale of [...]
NEW YORK, Jan. 25, 2022 /PRNewswire/ -- Radancy, the global talent technology leader, is pleased to announce its plans to acquire Firstbird, a global leader in SaaS based employee referral programs. Based in Vienna, Austria, Firstbird offers a comprehensive software solution to digitize and streamline the employee referral process. The acquisition of Firstbird is expected [...]
