New Delhi, Jan 17 (PTI) Short-video platform Chingari on Monday said it has raised USD 15 million (about Rs 111.4 crore) in funding led by Republic Capital. The extended Series A round also saw participation from Onmobile, JPIN Venture Catalysts, Hill Harbour, Angellist, Venture Collective, Makan Family, Cowa Ventures, MVC Friends, Protocol Labs and other [...]
New Delhi, Jan 17 (PTI) Agritech firm DeHaat on Monday said it has acquired agri-input marketplace startup Helicrofter to expand its presence in Maharashtra and other parts of West India.The company did not disclose the deal value.Started in 2012 and based in Gurugram (Haryana) and Patna (Bihar), DeHaat is a technology-based platform, offering end-to-end agricultural [...]
New Delhi, Jan 17 (PTI) Glenmark Pharmaceuticals on Monday said its US arm has received tentative approval from the country's health regulator for its generic Regadenoson injection. Regadenoson injection is given during the preparation for a radiologic examination of blood flow through the heart to test for coronary artery disease. The tentative approval granted by [...]
New Delhi, Jan 16 (PTI) Infrastructure major Megha Engineering & Infrastructures Limited (MEIL) on Sunday said it has completed 5-km-long tunnelling work as part of the 18-km-long all-weather Zojila Tunnel in a record time of 14 months. The company in a statement said the project of the National Highways and Infrastructure Development Corporation Ltd (NHIDCL), [...]
New Delhi, Jan 16 (PTI) Indian Oil Corporation (IOC), the nation's largest oil firm, on Sunday said it will invest over Rs 7,000 crore in setting up city gas distribution networks in the cities for which it has secured a licence in the latest bidding round. IOC secured 33 per cent of the demand potential [...]
New Delhi, Jan 16 (PTI) The proposed merger of debt-ridden Punjab and Maharashtra Cooperative Bank with Unity Small Finance Bank (USFB) is being examined and the process of amalgamation will start after the government approval, sources said. Various aspects of the scheme of amalgamation have been examined and the government would soon send its suggestions, [...]
New Delhi, Jan 16 (PTI) State-owned Oil India Ltd (OIL) has exited from a US shale oil venture, selling its 20 per cent stake to its venture partner for USD 25 million -- the second exit of an Indian firm from the US shale business in two months. "Oil India (USA) Inc (wholly owned subsidiary [...]
New Delhi, Jan 15 (PTI) RBL Bank has inducted NARCL Chairman Pradip Shah as an external expert to assist its search panel in finding a full-time MD and CEO, after the removal of Vishwavir Ahuja from the post last month. Global headhunting firm EgonZehnder has also been roped in for the exercise. Currently, Rajeev Ahuja [...]
Hyderabad, Jan 15 (PTI) Union Minister for Heavy Industries Mahendra Nath Pandey on Saturday dedicated India’s first BHEL-built 'coal to methanol' (CTM) pilot plant to the nation here, as part of the ongoing 'Azadi Ka Amrit Mahotsav' celebrations, an official release said. Pandey also inaugurated an exhibition on ‘Products Developed under Aatmanirbhar Bharat’ organised at [...]
New Delhi, Jan 15 (PTI) Brilloca, a wholly-owned subsidiary of Somany Home Innovation Ltd (SHIL), on Saturday said it will acquire building products manufacturing business of HSIL Ltd in a slump sale for a cash consideration of Rs 630 crore. Currently engaged in marketing and distribution of building products such as sanitaryware, faucets, plastic pipes [...]
