Analytics and AI solutions company Course5 Intelligence on Thursday said it closed a fundraise of USD 28 million, about Rs 231 crore, from 360 ONE Asset Management, formerly known as IIFL Asset Management Limited. The fundraise is part of its ongoing USD 55 million, about Rs 455 crore, funding round. "Course5 Intelligence announced today that [...]
Godrej Agrovet's Oil Palm Business on Thursday said it has partnered with the State Bank of India (SBI) to offer loans to oil palm farmers for setting up micro irrigation facility and install fencing to protect crops from cattle and improvement of tube well at their oil palm farms. Introduced with an objective of aiding [...]
Jubilant FoodWorks Ltd (JFL), the master franchisee for Domino's Pizza and Dunkin, on Thursday said it is not in the race to acquire Restaurant Brands Asia Ltd, formerly known as Burger King India Ltd. The leading Quick Service Restaurant (QSR) chain operator said it "strongly refutes" any information appearing about a deal speculating it to [...]
Payments and financial services company Paytm on Thursday announced that it has partnered with SBI Card to launch Paytm SBI Card on the RuPay network. The Paytm and SBI Card partnership, which began in 2020, is now expanding with the addition of National Payments Corporation of India's RuPay, as all three home-grown brands join forces [...]
Media firm New Delhi Television Ltd (NDTV), now owned by Adani group, on Thursday said it plans to launch nine news channels in different Indian languages in phases. The board of the company, at its meeting held on Thursday, has "approved a proposal to seek the permission of the Ministry of Information & Broadcasting for [...]
JSW Steel on Wednesday said it has been declared as the preferred bidder for an unexplored iron ore mine in Maharashtra. The company will take all requisite steps as per the tender document to obtain letter of intent, all statutory clearances to execute the lease deed with mine development and production agreement (MDPA) and start [...]
State-run hydro power giant NHPC on Wednesday said that it has received a letter of intent to build a 200 MW solar power project worth Rs 1007.60 from Gujarat Urja Vikas Nigam. "Gujarat Urja Vikas Nigam Ltd (GUVNL) had issued a Letter of Intent dated 16.05.2023 to NHPC Limited for 200 MW capacity Solar Power [...]
The lenders of debt-ridden Future Retail Ltd (FRL) have received six bids from prospective buyers by May 15, which was the last date for submission of resolution plans. The company is "in receipt of resolution plans/bids from 6 prospective resolution applicants in response to the Request for Resolution Plans" said the regulatory filing by FRL [...]
Capital markets regulator Sebi on Wednesday levied fines totalling Rs 50 lakh on ten entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. In ten separate orders, the regulator imposed a fine of Rs 5 lakh each on Auroplus Marketing Pvt Ltd, Baba Iron Industries, Atlantic Invest Advisory, Avinash V [...]
Electronics manufacturing services company Optiemus Electronics is actively considering and evaluating options to participate in the Rs 17,000-crore incentive scheme approved by the Cabinet to boost local production of laptops, tablets and computing devices, a senior company official said on Wednesday. Optiemus Electronics Limited Managing Director A Gururaj said that additional financial outlay for IT [...]
