by PTI News | Jan 10, 2022 | 10:26 pm | Corporate Action, News
Mumbai, Jan 10 (PTI) Trinity Alternative Investment Managers, majority-owned by Srei Infra Finance which is undergoing RBI-mandated insolvency proceedings, has said no illicit transactions have been done with any Srei Group entities. Trinity also said that none of the extant rules define related-party transactions when it comes to Alternative Investment Funds (AIFs) and that Srei [...]
by PTI News | Jan 10, 2022 | 10:14 pm | Corporate Action, News
NSE to launch derivatives on mid-cap stocks index from Jan 24 Mumbai, Jan 10 (PTI) The National Stock Exchange (NSE) on Monday said it has received the Sebi approval to launch derivatives on the Nifty mid-cap select index and that the same will be launched from January 24. Nifty midcap select index aims to track [...]
by PTI News | Jan 10, 2022 | 8:56 pm | Corporate Action, News
*IDBI Bank starts offering products benchmarked to ARRs Mumbai, Jan 10 (PTI) IDBI Bank on Monday said it has started offering products benchmarked to Alternative Reference Rates (ARRs) by replacing the London Inter-Bank Offered Rate (LIBOR) in line with regulatory guidelines. All the new transactions are being referenced to the ARRs with effect from [...]
by PTI News | Jan 10, 2022 | 8:47 pm | Corporate Action, News
New Delhi, Jan 10 (PTI) Leading watchmaker Timex Group India Ltd on Monday said it has been granted manufacturing and distribution rights for Guess & Gc branded watches in the country. It has sealed a pact with Timex Nederland B.V. for the grant of manufacturing and distribution rights for the Indian market, Timex India said [...]
by PTI News | Jan 10, 2022 | 8:01 pm | Corporate Action, News
New Delhi, Jan 10 (PTI) Fortis Healthcare on Monday said a US-based entity has filed a suit against it and various others, including IHH Healthcare Berhad, for alleged "copyright infringement and tortious interference with contracts", seeking damages in excess of USD 6.5 billion. Emqore Envesecure, a trust settled under the laws of Wyoming, has filed [...]
by PTI News | Jan 10, 2022 | 8:00 pm | Corporate Action, News
New Delhi, Jan 10 (PTI) Startup Crib, a marketplace for co-living segment, on Monday said it has raised USD 400,000 (about Rs 2.9 crore) to expand its business.The pre-seed funding round was led by Pranay Gupta (Co-founder, 91Springboard) through his AngelList syndicate 91Ventures.The round also saw participation from BlackSoil Capital along with other angel investors.Headquartered in Gurugram, Crib is [...]
by PTI News | Jan 10, 2022 | 7:19 pm | Corporate Action, News
New Delhi, Jan 10 (PTI) State-owned SJVN Ltd on Monday said it has been given category 'I' licence for the inter-state trading of power in the entire country by the Central Electricity Regulatory Commission. "The company has been granted a category 'I' licence for inter-state trading in electricity in the whole of India by the [...]
by PTI News | Jan 10, 2022 | 7:16 pm | Corporate Action, News
New Delhi, Jan 10 (PTI) The National Company Law Appellate Tribunal (NCLAT) has rejected petitions filed by ride sharing players Meru and Fast Track Call Cab against Ola alleging predatory pricing ways and anti-competitive practices in Bengaluru market. The appeals were filed by the entities against ANI Technologies, which run the app-based taxi service under [...]
by PTI News | Jan 10, 2022 | 7:07 pm | Corporate Action, News
New Delhi, Jan 10 (PTI)Global food major Cargill on Monday said it has opened its first innovation centre in India to develop solutions for the food and beverage market.The first Cargill Innovation Center at Gurugram in Haryana, spread over almost 17,000 square feet, includes a sensory lab and demonstration kitchen, with capabilities to serve dairy, [...]
by PTI News | Jan 10, 2022 | 6:25 pm | Corporate Action, News
New Delhi, Jan 10 (PTI) Ginesys, an end-to-end technology solutions provider for retail businesses, on Monday said it will invest USD 10 million (about Rs 74 crore) over the next three years in CASA retail AI. "The strategic investment will combine CASA's omni-channel AI-driven customer retention and delight platform with Ginesys's industry-leading end-to-end retail ERP, [...]
