Latest News on Corporate Actions

New Delhi, Feb 18 (PTI) State-owned CIL on Friday said the second half of the current fiscal year has remained tough for the country's coal sector with decrease in coal imports and tripling of international coal prices. Beside, the prolonged monsoon in the coal-bearing areas made the situation more challenging. Facing this situation, Coal India [...]

New Delhi, Feb 18 (PTI) IT company HCL Technologies has extended its relationship with The Royal Automobile Club of Victoria (RACV) with a multi-year agreement to provide Integration-as-a-Service offering. The company did not divulge the size of the contract. As a motoring club, RACV is a member-driven organisation that provides a range of products and [...]

New Delhi, Feb 18 (PTI) Public sector Bank of Baroda on Friday said it has subscribed to 99,000 shares of asset reconstruction company India Debt Resolution Company Ltd (IDRCL). The acquisition is subject to execution of investment agreement. "Bank of Baroda has subscribed to 99,000 shares of India Debt Resolution Company Ltd (IDRCL)," the bank [...]

Mumbai, Feb 18 (PTI) The Mahindra group, Tiger Global and Sequoia-backed Porter, an on-demand intra-city last-mile logistics aggregator, is entering the long distance, inter-city segment as well as offering packers & movers service. It also plans to expand to 25 cities this year from 15 cities now. The Uber of last-mile logistics was founded by [...]

New Delhi, Feb 18 (PTI) Indian conglomerate Vedanta has earmarked USD 15 billion for foray into the electronic chip and display manufacturing space, and plans to scale up the investment to as much as USD 20 billion (about Rs 1.5 lakh crore), a senior company official said. It expects to roll out display units, for [...]

New Delhi, Feb 18 (PTI) CSB Bank on Friday said the Reserve Bank has approved appointment of Pralay Mondal as the deputy managing director of the private sector lender for three years. "Pralay Mondal has been appointed as Deputy Managing Director of CSB Bank post RBI's approval in terms of Section 35B of the Banking [...]

Mumbai, Feb 18 (PTI) Healthcare industry veteran Kapil Khandelwal's Toro Finserve has announced the launch of its maiden healthcare fund with a USD 1 billion (about Rs 7,450 crore) commitment from investors, primarily hedge funds and healthcare industry players. Khandelwal, who launched the country's first quant (algo-based) hedge fund -- EquNev-K1t Capital -- which he [...]

New Delhi, Feb 18 (PTI) Education-focussed fintech firm Propelld on Friday announced raising USD 35 million (about Rs 262 crore) from WestBridge Capital and others. Existing investors Stellaris Venture Partners and India Quotient also participated in the Series-B funding round. Founded in 2017 by IIT Madras trio of Bibhu Prasad Das, Victor Senapaty and Brijesh [...]

New Delhi, Feb 17 (PTI) Hinduja Global Solutions (HGS) board has approved share entitlement ratio of 20:63 for acquisition of the digital, media and communications business of NXTDIGITAL, the company said on Friday.The acquisition of NXTDIGITAL (NDL's) business undertaking will not entail cash outflow from HGS.HGS will issue 20 equity shares of Rs 10 each [...]

New Delhi, Feb 18 (PTI) The country's largest airline IndiGo on Friday took delivery of its first aircraft from Airbus that operated on a blend of sustainable aviation fuel and normal fuel. After the plane landed at the airport here from France on Friday, IndiGo CEO Ronojoy Dutta said the airline is also talking to [...]

New Delhi, Feb 18 (PTI) Mahindra Holidays & Resorts India Ltd on Friday said it will sell its entire 10.76 per cent stake in Nreach Online Services Pvt Ltd for a consideration of Rs 29.31 crore to Gift Management Asia Pte Ltd. The company has entered into an agreement with Gift Management Asia for the [...]

New Delhi, Feb 18 (PTI) State-owned hydro power giant NHPC has incorporated NHPC Renewable Energy Ltd for clean energy business. As per a BSE filing, the new company was registered with Registrar of Companies, NCT of Delhi & Haryana, on February 16, 2022 for development of renewable energy, small hydro and green hydrogen projects. This [...]

New Delhi, Feb 17 (PTI) B2B e-commerce platform Elasticrun has raised USD 330 million from Softbank and others and looks to achieve a gross merchandise value in the next four years, a top company official said on Thursday. SoftBank Vision Fund 2 led the investment round by infusing USD 200 million in Elasticrun while Naspers, [...]

New Delhi, Feb 17 (PTI) The transition of digital ecosystem to metaverse, where a person will feel immersed in a virtual world, will push data usage by 20 times across the globe by 2032 and telecom operators Bharti Airtel and Reliance Jio are suitably placed to benefit from the surge in India, Credit Suisse said [...]

New Delhi, Feb 17 (PTI) Ambuja Cements Ltd, part of Swiss building material major Holcim group (earlier LafargeHolcim), on Thursday announced an investment of Rs 3,500 crore for expansion of its cement grinding capacity. "The board has approved in principle an investment of Rs 3,500 crore for a cement grinding expansion plan of potential 7.0 [...]

New Delhi, Feb 17 (PTI) The mobile user count in India fell by staggering 1.28 crore in December 2021 compared to the previous month, with Reliance Jio and Vodafone Idea suffering subscriber losses, even as Bharti Airtel added customers, Trai data showed on Thursday. Loss of mobile subscribers by Jio (1.29 crore users in the [...]

New Delhi, Feb 17 (PTI) The Union Ministry of Tourism (MoT) signed a memorandum of understanding (MoU) with Alliance Air Aviation Limited (AAAL) on Thursday to boost tourism throughout the country.The ministry endeavours to position India as a preferred destination in the tourism-generating markets, whereas AAAL, with its vast domestic network, plays a vital role [...]

Mumbai, Feb 17 (PTI) Fintso, the start-up focused on financial advisors in the wealth management space, is looking at raising at least USD 10 million from venture capital funds by late-March or early-April. The API-based platform-as-a-service for financial advisors and their clients was launched by George Mitra, who was the chief executive of Avendus Wealth, [...]

New Delhi, Feb 17 (PTI) Hindujas-backed digital neuro-therapeutics solutions provider MindMaze on Thursday said it has secured a USD 105 million (over Rs 785 crore) financing led by Concord Health Partners, a US-based healthcare private equity firm. The round also witnessed participation from London-based Hambro Perks and other family office investment groups, the company said [...]

New Delhi, Feb 17 (PTI) Apollo Hospitals on Thursday said it has inked a pact with Marafon Group to make a foray into Uzbekistan. The leading healthcare provider has inked a memorandum of understanding (MoU) with Marafon Group for setting up a first-of-its-kind tertiary care hospital. The Marafon Group already operates over nine medical and [...]

New Delhi, Feb 17 (PTI) State Bank of India (SBI) on Thursday said the government has nominated Financial Services Secretary Sanjay Malhotra as a director on its board. The country's largest lender said it received a notification from the Department of Financial Services, Ministry of Finance, informing about the nomination on February 16, 2022. "(T)he [...]

New Delhi, Feb 17 (PTI) Franna, a manufacturer of pick and carry cranes, on Thursday said it has entered into a strategic partnership with Alpha Services for supply of its products in India. With this new partnership, Franna will bring its 'Made in India' cranes closer to customers in the Delhi-NCR region. Alpha Services will [...]

New Delhi, Feb 17 (PTI) BSE Ebix Insurance Broking, a joint venture of BSE and Ebix Fincorp Exchange Pte Ltd, on Thursday announced signing of an insurance broker agreement for the distribution of Life Insurance Corporation's (LIC) products on its platform. Under this agreement, BSE Ebix will offer their clients insurance products offered by LIC [...]

Gurugram, Haryana, India – Business Wire India Powerful BMW TwinPower Turbo engine for agile driving performance. #EverythingXEverywhere #thenewX3 #BMWX3 The new BMW X3 has been launched in a diesel variant in India today. Introduced as Luxury Edition, the new BMW X3 xDrive20d is locally produced at BMW Group Plant Chennai. It is available at dealership [...]

New Delhi, Feb 17 (PTI) Startup AGRIM, a B2B platform for agri-inputs, on Thursday said it has raised USD 10 million (Rs 75 crore) from investors including Kalaari Capital to grow its business. In series A funding, AGRIM has raised funds from Kalaari Capital, with participation from existing investors Omnivore, India Quotient, and Accion Venture [...]

New Delhi, Feb 17 (PTI) Hero Electric on Thursday said it has joined hands with Grip, an alternative investment platform, for its lease financing solutions to retail investors. With the partnership, the company aims to encourage the adoption of electric vehicles (EVs) by leasing them to last-mile delivery, logistics as well as other e-commerce players [...]

New Delhi, Feb 17 (PTI) State-owned Punjab & Sind Bank (PSB) on Thursday said its board has given approval to raise equity capital worth Rs 4,600 crore by issuing preference shares to the government. The decision was taken at the board meeting held on February 17, 2022, the bank said in a regulatory filing. The [...]

Noida, Feb 17 (PTI) The Uttar Pradesh Real Estate Regulatory Authority (RERA) has slapped a penalty of over Rs 1.40 crore on more than half a dozen project promoters over non-compliance of its orders, officials said. The action was taken against nine promoters during the 84th meeting of UP RERA under the chairmanship of Rajive [...]

Mumbai, Feb 17 (PTI) Budget carrier Go First will evaluate the option of operating chartered passenger flights to Ukraine if there is a proposal from the government, a senior airline official said on Thursday. India has asked its citizens to temporarily leave Ukraine amid rising tensions between the Eastern European country and Russia. In efforts [...]

New Delhi, Feb 17 (PTI) Car market leader Maruti Suzuki India Ltd on Thursday said it has partnered with Quiklyz by Mahindra Finance, for its vehicle subscription program, Subscribe. Under the partnership, Quiklyz will offer a white plate subscription, wherein the vehicle is registered under the user's name and hypothecated to the subscription partner, for [...]

New Delhi, Feb 16 (PTI) JSW Ispat Special Steel, a JV between private equity AION & JSW Steel, on Wednesday said it has hived off its Raipur, Chhattisgarh plant along with certain other assets to its wholly-owned subsidiary via a slump sale of around Rs 450 crore.JSW Ispat Special Products Limited (formerly known as Monnet [...]

New Delhi, Feb 16 (PTI) Undergoing insolvency and bankruptcy process, Reliance Capital on Wednesday said it cannot ascertain the financial implication of a Sebi order against promoter Anil Ambani and former CFO related to an alleged violation of capital market regulations. Capital markets regulator Sebi had on February 11 issued an interim order cum showcause [...]

Mumbai, Feb 16 (PTI) FedEx on Wednesday said there is a need to make the global supply chain smarter and more resilient through digital transformation. "Let us rethink our all digital capabilities and capitalise on this immense opportunity to leverage data. Supply chain is the backbone of global economy as you have seen in the [...]

New Delhi, Feb 16 (PTI) Life Insurance Corporation (LIC) has disclosed that the total number of individual and group policies has witnessed a decline due to the COVID-19 pandemic. "Our total number of individual policies and group policies (in terms of lives insured) issued in India decreased by 16.76 per cent from 75 million for [...]

New Delhi, Feb 16 (PTI) Capital markets regulator Sebi on Wednesday imposed a penalty of Rs 6 lakh each on Adroit Financial Services and Silver Stream Equities for flouting norms with respect to using National Stock Exchange's co-location facility. The stock brokers continuously logged in to secondary server in currency derivatives, cash market and Futures [...]

New Delhi, Feb 16 (PTI) The Small Industries Development Bank of India (SIDBI) has tied up with the Government of Bihar to promote the micro, small and medium enterprises (MSME) sector in the state. To this effect, two memoranda of understanding (MoU) have been signed between SIDBI and the industries department, Government of Bihar, and [...]

New Delhi, Feb 16 (PTI) Edtech start up LEAD on Wednesday announced an ESOP Liquidation Plan of about USD 3 million (about Rs 22.5 crore) for its employees.The move comes at a time when LEAD is aiming for a "high growth trajectory" following the recent series E fundraise of USD 100 million led by WestBridge [...]

New Delhi, Feb 16 (PTI) Microfinance lender CreditAccess Grameen on Wednesday said its board has approved a proposal to raise up to Rs 5,000 crore through debt securities and an additional USD 7.4 million (about Rs 55.5 crore) by issuing masala bonds. Its board of directors at its meeting on Wednesday approved the proposal to [...]

New Delhi, Feb 16 (PTI) Companies must accelerate efforts to innovate and reinvent their approach to talent while focusing on becoming more efficient, sustainable, and responsible in this decade of technology, Wipro CEO Thierry Delaporte said on Wednesday. Firms, across industries and markets, are intensifying efforts on digital transformation to solve their business problems, with [...]

Mumbai, Feb 16 (PTI) Charging Infratech firm EVRE will set up charging facilities in collaboration with tech-enabled car servicing platform GoMechanic, according to a statement released on Wednesday. GoMechanic has a wide network of about 800 workshops across 35 cities that provides 3,600 car service solutions such as vehicle maintenance, retrofitting and access to spare [...]

Mumbai, Feb 16 (PTI) Tata group will make Air India financially fit, upgrade aircraft, bring in new fleet and make it the most technologically advanced airline globally, Tata Sons Chairman N Chandrasekaran said on Wednesday. Virtually addressing employees of Air India across the globe, he said for the airline to be the best again there [...]

New Delhi, Feb 16 (PTI) State-owned Indian Oil Corporation (IOC) is exploring the option to acquire IL&FS Paradip Refinery Water Ltd, the crisis-hit IL&FS has said in an affidavit filed before the insolvency appellate tribunal NCLAT. However, the Uday Kotak-led board has not shared any financial details while updating the tribunal on the progress of [...]

Mumbai, Feb 16 (PTI) Uniphore, the start-up which is into conversational automation, has raised USD 400 million in its Series-E funding round, led by foreign fund NEA, March Capital and other existing investors along with new entities, at a valuation of USD 2.5 billion. With this round, the Chennai-headquartered Uniphore's total funding has touched USD [...]

Hyderabad, Feb. 16 (PTI): Cyient, an engineering, manufacturing, and digital technology solutions company, on Wednesday announced the launch of its Private 5G Networks Center of Excellence (CoE) and said it signed an MoU with the Indian Institute of Technology, Hyderabad, as a research partner for the CoE . A press release from Cyient said it [...]

New Delhi, Feb 16 (PTI) Arvind SmartSpaces Ltd (ASL) has bought 35 acres of land in Pune for Rs 100 crore.In a statement, ASL said it has finalised a binding agreement for an outright purchase of this land parcel at Bhugaon in Pune.The company will develop a luxury villas project with a development potential of 1.3 million [...]

New Delhi, Feb 16 (PTI) Bank of India has invited applications for the post of Chief Economist, on a contractual basis for three years. Listing eligibility criteria, the public sector lender said the candidate should be a first class MA in Economics or first class in MA in Econometrics, as an essential qualification. The desirable [...]

Mumbai, Feb 16 (PTI) Entri.app, an online learning platform, on Wednesday said it has raised USD 7 million (about Rs 53 crore) in a funding round led by impact investor Omidyar Network India. The app offers local language courses on upskilling for growth in the private sector and cracking exams for government jobs. The funds [...]

New Delhi, Feb 16 (PTI) India-focused offshore funds and exchange-traded funds (ETFs) witnessed a net outflow of USD 435 million in three months ended December 2021, making it the 15th consecutive quarter of withdrawal, according to a Morningstar report released on Wednesday. This was way higher than the net outflows of USD 95 million registered [...]

Mumbai, Feb 16 (PTI) Actyv.ai, a SaaS-based enterprise platform with focus on buy-now-pay-later model of funding for small businesses, has raised USD 5 million (around Rs 38 crore) from Dubai-based 1Digi Investment and the family office of Raghunath Subramanian, who is also the chief executive of the startup. The funds raised in the pre-series A [...]

New Delhi, Feb 16 (PTI) Global real estate firm Hines, which has a major presence in India, has promoted Laura Hines-Pierce as the co-CEO of the firm.She joins father Jeff Hines as co-leader of the firm, the US-based company said in a statement.Laura Hines-Pierce has served as Hines' senior managing director in the office of the [...]

Mumbai, Feb 16 (PTI) Admitting that Vistara fell short of customers' expectations in the last few months, its Chief Executive Officer Vinod Kannan has said the airline is addressing some of the gaps on a war footing while many changes and enhancements are in the offing. Kannan, in a letter to customers, acknowledged that the recent [...]

New Delhi, Feb 16 (PTI) Homegrown direct selling firm Vestige Marketing Pvt Ltd on Wednesday announced its foray into the African market with the launch of operations in Ghana. The company will offer a range of health and wellness products from its health supplements, personal care, home care and oral care categories in the initial [...]

Mumbai, Feb 16 (PTI) The diversified Tata Group touches every online shopper with existing consumer brands and the attempt of Tata Digital will be to bring together all the assets under a single value proposition, the new outfit's president Mukesh Bansal said on Wednesday. The group -- which will be competing head on with Mukesh [...]

The new 110,000 square foot data center will offer up to 20 MVA of gross power capacity and up to 10MW of IT load BENGALURU, India, Feb. 16, 2022 /PRNewswire/ -- Web Werks, a leading player in the Indian Data Center and Cloud Services market, has announced the acquisition of an industrial building which will [...]

(Eds: Correcting figure in first para) Kolkata, Feb 16 (PTI) Insuremile has raised pre-seed funding of USD 3,50,000 from two Kolkata-based investors with an aim to take insurance services to the hinterland while empowering over 200 million gig-workforce in the country.The funding was from Ambuja Neotia Group Director Parthiv Neotia, and Indus Net Technologies CEO [...]

New Delhi, Feb 16 (PTI) Udaan, the B2B eCommerce platform, on Wednesday announced an ESOP policy covering all employees and said future allocations will vest every quarter, as it removed the standard one-year cliff. The one year 'cliff' period is a prevalent industry practice that requires employees to wait for a year for their employee [...]

New Delhi, Feb 16 (PTI) Mankind Pharma on Wednesday said it has inked a pact with Dr Reddy's Laboratories to acquire two brands -- Combihale and Daffy. While Combihale is used for the treatment of asthma and chronic obstructive pulmonary disease, Daffy is a soap-free moisturising bar for infants. Mankind Pharma said the market for [...]

New Delhi, Feb 15 (PTI) In a significant move, markets watchdog Sebi on Tuesday decided to implement the requirement to separate the positions of Chairperson and Managing Director at listed companies on a voluntary basis and not make it mandatory for now. The development also comes against the backdrop of Finance Minister Nirmala Sitharaman recently [...]

New Delhi, Feb 15 (PTI) Two promoters of Cipla Ltd on Tuesday divested shares worth over Rs 1,835.6 crore in the firm, through open market transactions. This represents 2.5 per cent of the total shareholding of the company. According to bulk deal data on the BSE, Mustafa Khwaja Hamied and Yusuf Khwaja Hamied offloaded 67.23 [...]

New Delhi, Feb 15 (PTI) Torrent Power on Tuesday said it has concluded the transaction to acquire a 25 MW solar power plant for about Rs 163 crore. It has acquired 100 per cent stake of Visual Percept Solar Projects Pvt Ltd, a special purpose vehicle (SPV). "The company has, pursuant to share purchase agreement [...]

New Delhi, Feb 15 (PTI) Digital technology firm InMobi's social media arm Roposo is in discussions with Reliance Retail for a social commerce related business deal which is expected to be rolled out in the next two quarters, a top official said on Tuesday. SoftBank-backed InMobi's co-founder and CEO Naveen Tewari told PTI in an [...]

New Delhi, Feb 15 (PTI) The Supreme Court Tuesday granted liberty to Future Retail Ltd (FRL) to move the Delhi High Court for seeking continuation of its merger proceedings with Reliance Retail before the National Company Law Tribunal (NCLT) beyond the eighth stage of meeting of shareholders and creditors.A bench headed by Chief Justice N [...]

Guwahati, Feb 15 (PTI) Mobility start-up Automovill has introduced a mobile application for registration and processing of accidental claims for all motor insurance agents and brokers across the country, an official said on Tuesday. The objective of the initiative is to reduce claim costs by bringing more efficiency into the system for all stakeholders, including [...]

Mumbai, Feb 15 (PTI) The Aditya Birla Group has invested an undisclosed amount in Zand, an upcoming digital bank in the United Arab Emirates (UAE). The USD 45-billion diversified conglomerate joins other investors like Franklin Templeton, Al Hail Holding LLC, Al Sayyah and Sons Investments LLC, Global Development Group, Mohamed Alabbar, Olivier Crespin, and Yusuff [...]

Mangaluru, Feb 15 (PTI) Shyamprasad Kamath Mundkur has been appointed as executive director (refinery) of Mangalore Refinery and Petrochemicals Limited (MRPL) with effect from June 1, 2022, a company release here said. A native of Mangalore, Kamath is currently holding the post of group general manager (technical services) at MRPL. Kamath had joined MRPL in [...]

• To build India's largest digital banking and financial ecosystem and scale up existing payments business • To launch a first of its kind Super App for Digital Banking and Financial Services NEW DELHI, Feb. 15, 2022 /PRNewswire/ -- Consolidating its position as a leader in the Fintech industry, RapiPay has raised $15 million in [...]

     New Delhi, Feb 15 (PTI) Capital markets regulator Sebi on Tuesday said the   requirement to split Chairperson and Managing Director/Chief Executive Officer positions at listed companies will not be mandatory and will be implemented on a voluntary basis.       The listed entities were required to split the roles before April 2022.  [...]

New Delhi, Feb 15 (PTI) Any additional fund infusion by LIC in its associate, IDBI Bank, may have an adverse effect on the financial condition of the insurance behemoth, according to the recently filed draft prospectus. LIC had infused Rs 4,743 crore into IDBI Bank on October 23, 2019 using policyholders’ funds while the bank [...]

This acquisition reinforces Saksoft Group's market position as a solution provider to the Logistics & Transportation industry SINGAPORE, Feb. 15, 2022 /PRNewswire/ -- Saksoft Limited (NSE: SAKSOFT) (BSE: 590051), a leading digital transformation solution provider, announced that its Singapore Subsidiary, (Saksoft Pte Ltd) has completed the acquisition of Singapore based MC Consulting Pte. (www.mcconsulting.com). Speaking [...]

New Delhi, Feb 15 (PTI) Car parking solutions startup Park+ and electric vehicle charging network firm, goEgoNetwork on Tuesday announced a collaboration to deploy EV charging infrastructure in India. Under the collaboration, a network of EV charging infrastructure will be set up initially in five cities, starting with Delhi-NCR, and will cover top 20 cities [...]

New Delhi, Feb 15 (PTI) Mahindra & Mahindra Financial Services (Mahindra Finance) on Tuesday said it has raised an amount aggregating Rs 500 crore by issuing secured bonds. A meeting of the committee of the board was held on Tuesday, February 15, 2022, approving the allotment of 5,000 secured redeemable non-convertible debentures aggregating to Rs [...]

Mumbai, Feb 15 (PTI) Join Ventures, which is a direct-to-consumer ecommerce platform focused on celebration items like flowers with brands such as IGP, Interflora, and Masqa, has raised USD 10 million (over Rs 75 crore) in series-A funding from leading investors. The investors who on-boarded the startup include DSG Consumer Partners, the Rajiv Dadlani Group, [...]

New Delhi, Feb 15 (PTI) Indonesia-based agri-tech startup Semaai on Tuesday said it has raised USD 1.25 million (Rs 8.75 crore) in a funding round. The pre-seed funding round was led by Surge, Sequoia Capital India's rapid scale-up program for startups in India and Southeast Asia, and Beenext. While Semaai primarily operates in Central Java, [...]

New Delhi, Feb 15 (PTI) Healthtech startup Kenko Health on Tuesday said it has raised USD 12 million (around Rs 90 crore) in a funding round led by Sequoia Capital. The Series A round also saw participation from Beenext, Orios, 9Unicorns and Waveform. The Bengaluru-based Kenko Health provides subscription-based service that covers health expenses across [...]

New Delhi, Feb 15 (PTI) Computer chip company AMD has said that the acquisition of fabless semiconductor company Xilinx will double its presence in India. AMD has acquired Xilinx for USD 35 billion, which is the biggest acquisition deal in the semiconductor segment. "It is a momentous occasion for AMD as we close the acquisition [...]

New Delhi, Feb 14 (PTI) Personal care products maker Honasa Consumer Pvt Ltd (HCPL) on Monday announced to acquire BBLUNT, a premium hair care, hair colour and styling products brand, into a Rs 138-crore deal, which includes buying out of 30 per cent share of Godrej Consumer Products Limited (GCPL) into the company. Besides, in [...]

New Delhi, Feb 14 (PTI) RIL Group's digital entity Jio Platforms will acquire about 17 per cent stake in SoftBank-backed Inmobi's Glance platform for USD 200 million (about Rs 1,500 crore). The proposed deal values the company at USD 1.8 billion. Glance, which provides mobile lock screen content, including videos and advertisements, will use the [...]

Kolkata, Feb 14 (PTI) Coal India's second interim dividend will make the government richer by Rs 2037.8 crore as it is holding a 66.1 per cent stake in the Maharatna PSU.The company on Monday announced a dividend of Rs 5 per share of Rs 10 each and the total payout will be Rs 3087 crore.In [...]

Mumbai, Feb 14 (PTI) Tata Sons on Monday announced the appointment of former chairman of Turkish Airlines Ilker Ayci as the Chief Executive Officer and Managing Director of Air India. The Air India board met this afternoon to consider the candidature of Ilker Ayci and after due deliberations approved the appointment of Ayci as the [...]

New Delhi, Feb 14 (PTI) Business-to-business e-commerce and supply chain enablement platform Bizongo has announced the completion of its first employee stock ownership plan (ESOP) buyback programme worth USD 3.7 million. While 102 of Bizongo's former and current employees were eligible for the buyback, only 70 per cent of employees opted to liquidate ESOPs from [...]

Mumbai, Feb 14 (PTI) Online travel company Yatra Online on Monday announced its partnership with Cleartrip, owned by the Flipkart Group, to offer a wider hotel inventory to its customers. This strategic association between Yatra and Cleartrip, both leading brands in the online travel space in India, aims to provide a boost to the entire [...]

Mumbai, Feb 14 (PTI) E-bike start-up EMotorad on Monday said it has acquired EV battery subscription platform Panine, which will help it strengthen its footprint in the electric vehicle (EV) charging segment, for an undisclosed amount. The acquisition allows EMotorad to offer Panine an international platform and reach for its battery technology, it said in [...]

New Delhi, Feb 14 (PTI) Jet Airways, which is working to restart operations that were grounded nearly three years ago, will receive Rs 50 crore as inter-corporate deposit from a company owned by Jalan group for certain expenses. Murari Lal Jalan and Florian Fritsch consortium's resolution plan for the grounded carrier was approved by the [...]

New Delhi, Feb 14 (PTI) Global data analytics and engineering firm TheMathCompany has rolled out an ESOP buyback programme, valued at Rs 93.2 crore, to reward its employees for their commitment, long-term association, and contribution to the company.The co-founders will continue to hold the majority stake in the company as the organisation continues to grow, [...]

New Delhi, Feb 14 (PTI) Realty firm Kohinoor group has acquired a 32-acre land parcel in Pune from Goel Ganga group for about Rs 200 crore, to develop a mixed use project. Property consultant Anarock said it facilitated the deal between the two parties. The deal for 32 acres of prime land at Wagholi has [...]

Mumbai, Feb 14 (PTI) Zomato-backed e-commerce shipping platform Shiprocket on Monday announced its third buyout this year with the acquisition of a majority stake in Glaucus Supply Chain Solutions. Following the acquisition, the two platforms will combine their strengths to take the complexity out of fulfilment challenges faced by traders, retailers and brands, Shiprocket said. [...]

Mumbai, Feb 14 (PTI) Debt marketplace Credavenue on Monday announced that it has acquired a 75.1 per cent stake in Spocto Solutions, a digital collection organization, for Rs 400 crore.A company spokesperson said the Chennai-based Credavenue has paid Rs 400 crore for gaining majority control of the five-year old Spocto.Post-deal, the statement from Credavenue said [...]

New Delhi, Feb 14 (PTI) Health and wellness platform Cult.fit on Monday said it has picked up a majority stake in F2 Fun & Fitness India Pvt Ltd for an undisclosed sum, and subsequently becoming the master franchise partner for Gold's Gym in India. Currently, F2 Fun & Fitness India is the master franchise partner [...]

New Delhi, Feb 14 (PTI) Max Ventures & Industries Ltd (MaxVIL) has completed its Rs 628-crore deal to sell the entire 51 per cent stake in the speciality packaging film business and will now focus only on real estate venture. In November, MaxVIL had announced about exiting specialty packaging film business by selling its entire [...]

Mumbai, Feb 14 (PTI) Capital Foods on Monday announced the appointment of S Raghunandan as the chief executive officer, with effect from February 7. Prior to this, Raghunandan served as the chief executive officer and director of Jyothy Laboratories, Capital Foods said in a statement. He had also been in leadership roles with leading Indian [...]

New Delhi, Feb 14 (PTI) Homegrown FMCG major and Ayurveda products maker Dabur on Monday said it has become a 100 per cent 'Plastic Waste Neutral company' in India and claimed to be the first Indian consumer goods company to achieve this landmark. Dabur has collected, processed and recycled around 27,000 MT of post-consumer plastic [...]