New Delhi, Jan 4 (PTI) State-owned gas utility GAIL (India) has completed the acquisition of bankrupt Infrastructure Leasing and Financial Services' 26 per cent stake in ONGC Tripura Power Company (OTPC) for Rs 1,227 crore, the two firms said on Tuesday. OTPC is a special purpose vehicle set up by Oil and Natural Gas Corporation [...]
New Delhi, Jan 4 (PTI) Following are the top business stories at 2000 hours: DEL42 BIZ-LD STOCKS Sensex extends gains for 3rd day amid global rally; RIL, power stocks shine Mumbai: Equity benchmarks defied gravity for the third session on the trot on Tuesday, in tandem with a rally in global markets as investors shrugged [...]
Mumbai, Jan 4 (PTI) Leading jewellery retailer Malabar Gold & Diamonds, which has set a target of becoming the world's largest retailer with a 2.5 times growth in revenue to over Rs 75,000 crore by FY25, is on an aggressive expansion spree, opening 33 showrooms in the next three months involving an investment of Rs [...]
New Delhi, Jan 4 (PTI) Withdrawing its scheme for a new corporate structure announced in April 2021, Bharti Airtel on Tuesday said it will merge wholly-owned subsidiary Telesonic Networks with itself, resulting in consolidation of fibre assets into the company, while Nettle Infrastructure Investments too will be merged with Airtel. The scheme of arrangement for [...]
New Delhi, Jan 4 (PTI) Fresh food startup iD Fresh Food on Tuesday said it has raised Rs 507 crore in Series D round of funding led by Asia's leading secondary private equity firm NewQuest Capital Partner along with existing investor Premji Invest. Its early investor Helion Ventures exited with a 10X return after a [...]
New Delhi, Jan 4 (PTI) Tata CLiQ Luxury, a Tata-owned premier luxury lifestyle platform, has partnered with the group-backed online grocery platform BigBasket, to launch a luxury gourmet store. The new luxury gourmet store is on the Tata CLiQ Luxury platform, according to a joint statement from both e-tailers. "Through this unique collaboration, Tata CLiQ [...]
Mumbai, Jan 4 (PTI) Electric motorcycle maker Tork Motors is set to launch its much-awaited 'made-in-India' e-bike T6X, now renamed as KRATOS, by this month-end, which will be the first vertically integrated electric vehicle (EV) in the country, according to a statement. The company also said it is expected to commence deliveries of the bike within [...]
Kozhikode, Kerala, India (NewsVoir) • To open 10 Showrooms in India, 12 in abroad in January 2022 • To invest Rs. 800 crores in January 2022 • To generate more than 5000 employments this year As part of its global expansion plans for 2022, Malabar Gold and Diamonds will open 22 new showrooms in India [...]
Mumbai, Maharashtra, India (NewsVoir) Fable Fintech today announces its decision of global expansion with an illustrative snapshot of its success in various geographical locations. The payments technology provider has scaled incremental peaks in India and Asia over the last five years, and today serves more than 150 payments corridors with cross-border transactions using multiple payment [...]
New Delhi, Jan 4 (PTI) German luxury carmaker Audi will launch the new version of SUV Q7 in India early next month as it looks to build on the momentum of a good performance last year, according to a senior company official.Audi India had posted a two-fold jump in retail sales at 3,293 units in [...]
