Mumbai, Jan 27 (PTI) Community-led live learning platform Growth School has roped in US-based private equity major Sequoia Capital India and edutech-focused investment firm Owl Ventures, who led a USD 5-million funding round along with over 70 angel investors. The leading angels who participated in the seed funding round include entrepreneurs such as Kunal Shah [...]
New Delhi, Jan 27 (PTI) Space technology startup Skyroot Aerospace has raised USD 4.5 million (about Rs 34 crore) in a bridge round to Series B funding led by Google's founding board member Ram Shriram’s Sherpalo Ventures, the company said on Thursday.The round also witnessed participation by Wami Capital, existing investors - former Whatsapp chief [...]
New Delhi, Jan 27 (PTI) Glenmark Pharmaceuticals Ltd on Thursday said its US subsidiary has received final approval from the country's health regulator for its generic Bisoprolol Fumarate and Hydrochlorothiazide tablets used to treat high blood pressure.The approval granted to Glenmark Pharmaceuticals Inc, USA by the United States Food & Drug Administration (USFDA) is for [...]
New Delhi, Jan 27 (PTI) Debt-ridden Future Group has announced that it will sell its 25 per cent equity in Future Generali India Insurance Company Limited (FGIICL) to its JV partner Generali for a cash consideration of Rs 1,252.96 crore as part of its asset monetisation plans to pair debts.Besides, Generali has also acquired an [...]
Mumbai, Jan 26 (PTI) Kinetic Green Energy & Power Solutions, which has partnered with Chinese EV major Aima Technology Group to co-design and develop electric two-wheelers for the Indian market, plans to invest around Rs 80-100 crore on the project, which entails three new models this year itself, its founder-CEO Sulajja Firodia Motwani has said. [...]
New Delhi, Jan 26 (PTI) Metals and mining group Vedanta Ltd will announce the contours of a proposal to spin off key businesses into separate listed companies by March-end, its chairman Anil Agarwal said, as he looks to simplify and streamline the corporate structure to create value. While the zinc business is already housed in [...]
New Delhi, Jan 26 (PTI) The Indian Biogas Association (IBA) has urged the government to set up a 'Biogas Fertiliser Fund' with an initial provision of Rs 1.4 lakh crore for five years, as it has the potential to benefit five crore farmers and to reduce fossil fuel import bill. For materializing the envisaged target [...]
New Delhi, Jan 25 (PTI) Edible oil major Adani Wilmar Ltd (AWL) on Tuesday said it has garnered Rs 940 crore from anchor investors, days before its initial public offering (IPO) roll-out. The company has decided to allocate around 4.09 crore equity shares to anchor investors at Rs 230 apiece, aggregating the transaction size to [...]
New Delhi, Jan 25 (PTI) Crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank's takeover by the Unity Small Finance Bank (USFBL) came into effect on Tuesday, with the government notifying the scheme of amalgamation. PMC Bank branches will operate as USFBL branches from Tuesday onwards, the Reserve Bank of India (RBI) said in a statement on [...]
New Delhi, Jan 25 (PTI) Top brass of Mahindra & Mahindra Ltd on Tuesday promised urgent remedial action a day after it emerged that a farmer, who came to buy a pick-up truck of the company, was allegedly insulted by a sales staff at a showroom in Karnataka. A video of the incident that took [...]
