by PTI News | Jan 25, 2022 | 6:11 pm | Corporate Action, News
New Delhi, Jan 25 (PTI) Telecom operator Bharti Airtel is looking to onboard a strategic investor through allocation of preferential equity shares, which is scheduled to be discussed at its board meeting on January 28, according to sources. A source, who did not wish to be named, said the primary goal of the preferential share [...]
by PTI News | Jan 25, 2022 | 5:47 pm | Corporate Action, News
Mumbai, Jan 25 (PTI) McLaren Strategic Ventures (MSV), a startup focused-investment firm founded by Sajan Pillai, has launched a semiconductor design vertical Atlas Silicon in the country with planned investment of around Rs 100 crore. It plans to start hiring 100 engineers by March. The California-based McLaren Strategic Ventures is a business acceleration initiative launched [...]
by PTI News | Jan 25, 2022 | 4:25 pm | Corporate Action, News
New Delhi, Jan 25 (PTI) Bharat Petroleum Corporation Ltd (BPCL) on Tuesday said it will invest Rs 10,000 crore over the next five years in setting up city gas distribution networks in the cities for which it secured licences in the latest bidding round. BPCL won licences to retail CNG to automobiles and piped natural [...]
by PTI News | Jan 25, 2022 | 4:25 pm | Corporate Action, Economy, News
New Delhi, Jan 25 (PTI) Britain's Cairn Energy on Tuesday said it has complied with all rules of the retro tax repeal law to now become eligible for about Rs 7,900 crore refund of taxes that were collected from it to enforce a retrospective tax demand.As part of the settlement reached with the government in [...]
by PTI News | Jan 25, 2022 | 3:57 pm | Corporate Action, News
Mumbai, Jan 25 (PTI) Raise Financial Services, a city-based fintech which lends to long-term investors and super traders, on Tuesday announced a USD 22 million (about Rs 164.4 crore) fundraise led by BEENEXT and Mirae Asset Venture Investments.The startup will deploy the newly raised funds into its November 2021-launched investment platform Dhan, to strengthen the [...]
by PTI News | Jan 25, 2022 | 3:25 pm | Corporate Action, News
New Delhi, Jan 25 (PTI) Tech company Smartron on Tuesday said it has signed an agreement with Global Emerging Markets Group (GEM), wherein the alternative investment organisation will provide a share subscription facility of up to USD 200 million (about Rs 1,495.8 crore).Smartron has developed and introduced a range of smart and intelligent products powered [...]
by PTI News | Jan 25, 2022 | 3:11 pm | Corporate Action, News
New Delhi, Jan 25 (PTI) Independent directors of Future Retail Ltd (FRL) have turned down Amazon's offer of financial support to the company through a deal with private equity firm Samara Capital, saying the offer is "plainly an attempt to buy the FRL assets on the cheap". FRL's independent directors had last week asked Amazon [...]
by PTI News | Jan 25, 2022 | 1:28 pm | Corporate Action, News
New Delhi, Jan 25 (PTI) Kishore Biyani-led Future Retail Ltd (FRL) on Tuesday moved the Supreme Court requesting it to pass a direction to restrain its lenders from declaring the company as a non-performing asset (NPA) in case of a default of Rs 3,494.56 crore. Earlier this month, Future Retail had said it had missed [...]
by PTI News | Jan 25, 2022 | 1:10 pm | Corporate Action, News
Bhopal, Jan 25 (PTI) Amid a row, the Madhya Pradesh government has directed the police to register an FIR against officials of e-commerce giant Amazon and its owner for allegedly selling products, including shoes, with the image of the Indian national flag, Home Minister Narottam Mishra said on Tuesday. Amazon faced the ire of a [...]
by PTI News | Jan 25, 2022 | 12:17 pm | Corporate Action, News
New Delhi, Jan 25 (PTI) Mobile app builder firm Vajro on Tuesday said it has raised USD 8.5 million (around Rs 63.52 crore) in a funding round from Kansas City-based growth equity firm Five Elms Capital. Vajro enables ecommerce store owners and service providers to create mobile shopping apps for Android and iOS users in [...]
