New Delhi, Jan 19 (PTI) Rocketlane, a customer onboarding platform, on Wednesday said it has raised USD 18 million (about Rs 133.8 crore) in funding led by Asana investor, 8VC and others.The Series A round also saw participation from Nexus Venture Partners, Matrix Partners India, and angel investor Gokul Rajaram, a statement said.The latest funding [...]
New Delhi, Jan 19 (PTI) The National Company Law Appellate Tribunal (NCLAT) has set aside an NCLT order rejecting pleas by Ericsson India and Ericsson India Global Services to convene a meeting of their shareholders and creditors to approve a scheme of amalgamation. A two-member NCLAT bench comprising Anant Bijay Singh and Shreesha Merla allowed [...]
New Delhi, Jan 19 (PTI) US-based Hunting Energy Services (Hunting PLC) will set up a precision machine shop in a joint venture with homegrown steel pipes maker Jindal SAW at an initial investment of up to USD 25 million (about Rs 175 crore), a top company official said on Wednesday.Addressing a virtual conference, Hunting PLC [...]
New Delhi, Jan 19 (PTI) The government on Wednesday approved sanction of Rs 973.74 crore to State Bank of India (SBI) as reimbursement related to loan moratorium that was implemented in 2020 amid the pandemic. This amount is for the payment of claims submitted by lending institutions (LIs) under the scheme for grant of ex-gratia [...]
Chennai, Jan 19 (PTI): Diginoor.io, a non-fungible token (NFT) market place founded by city-based entrepreneurs Shaamil Karim and Yash Rathod, on Wednesday said it has raised USD 1 million funding for its plans to hire a talented team. "The round saw participation from Contrary Capital, Polygon Fund, Sandeep Nailwal, Kunal Shah, Embassy Capital MD Abdul [...]
Chennai, Jan 19 (PTI) Consulting, technology and managed transformational services provider Prodapt on Wednesday said it has acquired Synophic Worldwide, providing network transformational and managed services to digital service providers for an 'undisclosed sum". The acquisition made by Prodapt was its third this financial year. Prodapt earlier announced the acquisitions of Innovative Logic and SLR [...]
Mumbai, Jan 19 (PTI) The Gem and Jewellery Export Promotion Council (GJEPC) on Wednesday said it has signed a draft agreement with the Maharashtra Industrial Development Corporation (MIDC) for granting the possession of land for 95 years to set up the India Jewellery Park Mumbai (IJPM). "The India Jewellery Park Mumbai, another ambitious project of [...]
Mumbai, Jan 19 (PTI) Avendus PE Investment Advisors, the asset management arm of the Avendus Group, has raised over Rs 500 crore in the first close of its structured credit fund II which has a target of garnering Rs 1,000 crore in corpus on completion. For the Sebi-registered category II alternative investment fund, this is [...]
New Delhi, Jan 19 (PTI) State-owned SJVN Ltd on Wednesday said it earned Rs 34.40 crore as an incentive from its hydropower plants during April-December 2021. "The company has earned Rs 34.40 crore as incentive under the deviation settlement mechanism from 1,500-MW (megawatt) Nathpa Jhakri HPS and 412-MW Rampur HPS (hydropower station) in three quarters [...]
New Delhi, Jan 19 (PTI) Jubilant Foodworks Ltd, the country's leading quick service restaurant (QSR) operator, on Wednesday announced to launch the iconic US Fried Chicken brand Popeyes in India by opening its first store in Bengaluru on Wednesday. Louisiana-born Popeyes was founded in 1972 and has been one of America's most popular and fastest-growing [...]
