by PTI News | Jan 25, 2022 | 10:57 am | Corporate Action, News
MUMBAI, India, Jan. 25, 2022 /PRNewswire/ -- Back in November 2021, the occasion of Hon. Prime Minister Shri Narendra Modi handing over ideaForge's High Altitude SWITCH UAV to the Indian Army marked the on-time execution of the first high-value drone contract received by an Indian firm. ideaForge received the $20 Million contract after clearing tough [...]
by PTI News | Jan 25, 2022 | 9:59 am | Corporate Action, News
Hyderabad, Jan 25 (PTI): Darwinbox, a city-headquartered enterprise HR Tech Company on Tuesday said it raised USD 72 million from investors and the company’s valuation post this round will cross the USD one billion thus becoming the first unicorn from the city. The investment round was led by Technology Crossover Ventures (TCV) along with participation [...]
by PTI News | Jan 24, 2022 | 10:44 pm | Corporate Action, News
New Delhi, Jan 24 (PTI) Future Retail Ltd, which operates chains such as big bazaar and Easyday and Heritage among others, on Monday said it has missed payment of interest due on the dollar denominated notes (USD Notes), listed on Singapore Stock Exchange, due to weakening of its liquidity position. The Kishore Biyani-led Future Group [...]
by PTI News | Jan 24, 2022 | 7:36 pm | Corporate Action, News
New Delhi, Jan 24 (PTI) Independent directors of Future Retail have turned down Amazon's offer of financial support to the company through a deal with private equity firm Samara Capital, saying any legally invalid offer cannot be accepted. Future Retail's independent directors had last week asked Amazon if it was willing to give a long-term [...]
by PTI News | Jan 24, 2022 | 6:30 pm | Corporate Action, News
Mumbai, Jan 24 (PTI) Dental care startup Smiles.ai has raised USD 23 million (around Rs 172 crore) in Series A funding led by Alpha Wave Incubation that is managed by Falcon Edge Capital, and with strong participation from existing investors Sequoia Capital India and Chiratae Ventures. The Bengaluru-based startup said the other investors in the [...]
by PTI News | Jan 24, 2022 | 5:51 pm | Corporate Action, News
Mumbai, Maharashtra, India (NewsVoir) FMCG contract and private label brand manufacturer, Hindustan Foods Limited (“HFL”) today signed a Share Purchase Agreement with Reckitt Benckiser India Pvt. Ltd. to acquire the entire issued Share Capital of Reckitt Benckiser Scholl India Private Limited (RBSIPL). This marks HFL’s entry into fast growing OTC Healthcare and Wellness segment as [...]
by PTI News | Jan 24, 2022 | 5:10 pm | Corporate Action, IPO, News
Mumbai, Jan 24 (PTI) FMCG major Adani Wilmar, which has grown to become the largest category leader through acquisitions, has set aside Rs 450 crore from the share sale that opens later this week, to tap more acquisition-led growth opportunities primarily in its non-edible oils business. The company, which is an equal joint venture between [...]
by PTI News | Jan 24, 2022 | 3:18 pm | Corporate Action, News
New Delhi, Jan 24 (PTI) Muruguppa group firm Tube Investments of India Ltd (TII) on Monday said it will acquire 70 per cent stake in start-up Cellestial E-Mobility Pvt Ltd for Rs 161 crore. Cellestial E-Mobility is engaged in the design and manufacture of electric tractors, aviation ground support electric equipment and other electric machinery. [...]
by PTI News | Jan 24, 2022 | 2:38 pm | Corporate Action, News
New Delhi, Jan 24 (PTI) Bengaluru-based startup ReadyAssist on Monday said it plans to invest USD 8 million (around Rs 60 crore) in one year to augment electric vehicles infrastructure in the country. As part of the initiative, the company plans to set up phygital stores (physical stores augmented by digital capabilities) under brand name [...]
by PTI News | Jan 24, 2022 | 2:02 pm | Corporate Action, News
Delhi, Jan 24 (PTI) Around 18 GW hydro capacity addition is required to meet the hydro purchase obligation (HPO) norms by 2030 in the country, according to rating agency Icra. To further the growth of hydro energy segment, the Centre has outlined policy measures over the last two-year period to promote the investments in the [...]
