Latest News on Corporate Actions

Mumbai, Jan 11 (PTI) Punjab-based beverages start-up Lahori has raised USD 15 million from Belgium-based consumer-focused investor Verlinvest for a minority stake. Lahori co-founder and Chief Executive Saurabh Munjal said the company will use the fund to double down on growth through offline and online expansion as well as to expand its retail presence apart [...]

New Delhi, Jan 11 (PTI) The National Company Law Appellate Tribunal (NCLAT) on Tuesday disposed of a petition filed by the Department of Telecommunications challenging the Rs 2,962-crore takeover bid by Anil Agarwal's Twin Star Technologies for Videocon Industries. A two-member bench observed that the appellate tribunal earlier this month had already set aside the [...]

New Delhi, Jan 11 (PTI) Mumbai-based DB Realty Ltd has sought shareholders’ approval for its proposal to raise Rs 563 crore by issuing warrants to promoters and investors.In a regulatory filing, the company informed that an extraordinary general meeting (EGM) has been called on February 2 to consider this proposal.The Board of Directors, in its [...]

New Delhi, Jan 11 (PTI) The Supreme Court on Tuesday reserved verdict on a batch of pleas filed by Future group firms against a Delhi High Court order declining stay on an arbitration tribunal decision refusing to interfere with the Emergency Award (EA) of the Singapore International Arbitration Centre (SIAC). "We reserve the order. All [...]

New Delhi, Jan 11 (PTI) Cybersecurity firm CrowdStrike Holdings Inc on Tuesday announced the launch of Falcon Fund-II, a USD 100-million investment vehicle, in partnership with Accel focused on cross-stage private investments within cybersecurity and relevant adjacent markets. Five times the size of the initial Falcon Fund, Falcon Fund-II represents CrowdStrike's commitment to growing the [...]

New Delhi, Jan 11 (PTI) Former RBI governor Urjit Patel was on Tuesday appointed as vice president for investment operations in South Asia at the Beijing-based Asian Infrastructure Investment Bank (AIIB), replacing former bureaucrat from Gujarat, D J Pandian. The appointment of Patel will be effective from February 1, AIIB said in a statement. He [...]

New Delhi, Jan 11 (PTI) Home interiors company HomeLane on Tuesday said it has concluded an Employee Stock Option Plan (ESOP) buyback worth Rs 27 crore.This round was initiated as part of the company's recent series E investment of USD 50 million, led by IIFL AMC's Late Stage Tech Fund, OIJIF II (Oman India Joint [...]

New Delhi, Jan 11 (PTI) The Competition Commission of India (CCI) on Tuesday approved the acquisition of shares in Sutherland Global Holdings by Coral Blue Investment (GIC Investor Group). The proposed combination involves the acquisition of Series-C preferred stock convertible to common stock of Sutherland Global Holdings Inc in two tranches by the acquirer, according [...]

New Delhi, Jan 11 (PTI) GMR Infrastructure Ltd (GIL) has started trading at the stock exchanges as a pure-play airport sector company from Tuesday onwards, according to a statement. "GIL shares started trading today ex-GPUIL. This is post the demerger of non-airports business of GIL into GMR Power and Urban Infrastructure Limited (GPUIL)," the statement said. With [...]

New Delhi, Jan 11 (PTI) Tata Group FMCG arm Tata Consumer Products Ltd (TCPL) on Tuesday said it has appointed Gharry Eccles as the president of international business. Eccles, whose appointment will be effective from January 17, will be based in Greenford, London, TCPL said in a statement. Adil Ahmad, who currently holds this role, [...]

New Delhi, Jan 11 ( PTI) State-owned SJVN Ltd on Tuesday said it will start power trading following the grant of a licence in this regard to it by the Central Electricity Regulatory Commission (CERC). "Central Electricity Regulatory Commission (CERC) has granted a trading licence to SJVN Ltd for the inter-state trading of electricity. The [...]

New Delhi, Jan 11 (PTI) Adani Power's board on Tuesday approved the appointment of Shersingh B Khyalia as the company's chief executive officer (CEO) with effect from January 11, 2022. "Board of directors of the company, at its meeting held on January 11, 2022, has considered and approved the appointment of Shersingh B Khyalia as [...]

QUÉBEC and HAMBURG, Germany, Jan. 11, 2022 /PRNewswire/ -- OPTEL GROUP, already a world leader in supply chain traceability, is expanding its expertise and global reach with the recent acquisition of the track-and-trace unit of the Körber Business Area Pharma, formerly known as Traxeed, based in Germany. Körber is a leading international technology group. The [...]

Mumbai, Jan 11 (PTI) Homegrown private equity player True North on Tuesday said it has fully exited Actify Data Labs by selling stake to global omnichannel survey platform Voxco for an undisclosed sum. The Bengaluru-headquartered Actify was incubated by True North in 2018 and pitches itself as an augmented intelligence player delivering rapid business impact [...]

Mumbai, Jan 11 (PTI) Tech-enabled interior design solutions provider HomeLane on Tuesday said it has concluded its Employee Stock Option Plan (ESOP) buyback worth Rs 27 crore.This is the second time ESOPs have been bought back by the company, and this round was initiated as part of its recent Series E investment led by IIFL [...]

New Delhi, Jan 11 (PTI) Niti Aayog CEO Amitabh Kant on Tuesday said the country's policies need to be pro-innovation, light touch and progressive, as also they should be benchmarked against the world's best. Speaking at an event organised by Microsoft India, Kant pointed out India is creating three unicorns a month.  "My view is [...]

Mumbai, Jan 11 (PTI) AI-led agri-tech firm Cropin on Tuesday announced that it has entered into a strategic partnership with Heaven Sprouts Foods to accelerate digitisation in Latin America’s agriculture ecosystem.With this partnership, Cropin will grow its focus on enabling agri-businesses in the Latin American region, adopt and drive digitisation across their operations, according to [...]

Mumbai, Jan 11 (PTI) Matrix Partner-backed EV mobility firm Oye Rickshaw on Tuesday said it is planning to deploy over 1,00,000 e-rickshaws and expand operations to 25 new cities by this year.With over 10,000+ e-rickshaws, the micro-mobility company offers its services in Delhi NCR, Uttar Pradesh and Haryana.With 2022 set to be the year of [...]

NEW DELHI, Jan. 11, 2022 /PRNewswire/ -- Trusted watchmaker Timex Group India Ltd. has sealed agreements with Timex Nederland B.V (Sequel Division) for the grant of manufacturing and distribution rights of "Guess" & "Gc" branded watches for the territory of India. The deal is a significant win for Timex Group India given Guess & Gc [...]

Mumbai, Maharashtra, India (NewsVoir) Filmmaker Karan Johar joins hands with Universal SportsbizPvt. Ltd. (USPL) to be their first ever Chief Creative Advisor. In a strategic move, USPL has collaborated with Karan Johar to consult for all the fashion brands at USPL – Wrogn, Imara, Single &Wrogn Active. Karan Johar will be working closely with the [...]

New Delhi, Jan 11 (PTI) Digital Futurists Angels Network (DFAN), a global community-backed angel network, on Tuesday said it has formed a co-investing partnership with boutique investment banking firm Solis Capital and Ventures (SCV) to deploy a corpus of Rs 100 crores over the next four years in technology startups. This partnership is aimed to [...]

New Delhi, Jan 11 (PTI) Aurobindo Pharma on Tuesday said its subsidiary CuraTeQ Biologics has expanded the scope of its marketing and distribution agreement with Orion Corporation (Orion) to commercialise its biosimilars pipeline to include the Baltic states in Europe. Earlier in 2020, CuraTeQ and Orion had entered into a licensing agreement, granting marketing and [...]

Mumbai, Jan 11 (PTI) Non-banking lender DMI Finance has raised USD 47 million in equity investment led by new investor Japanese financial powerhouse Sumitomo Mitsui Trust Bank and existing investors New Investment Solutions and NXC Corporation, taking its overall equity base to USD 500 million now. The Delhi-based DMI Finance, which has been in operations [...]

New Delhi, Jan 11 (PTI) Agritech startup Pepper Farms has raised USD 1 million (around Rs 7.39 crore) from investors to grow its business. The startup helps farmers organise vegetable production lifecycle starting with plantations until harvest and sales. In a statement, Pepper Farms said it has secured USD 1 million in a seed funding round led [...]

MUMBAI, India, Jan. 11, 2022 /PRNewswire/ -- True North today announced the signing of a definitive agreement to sell its entire stake in Actify Data Labs, a greenfield data-driven analytics company, to Voxco, a global omni-channel survey platform. Headquartered in Bengaluru, Actify Data Labs is an augmented intelligence company that delivers rapid business impact using [...]

Mumbai, Jan 11 (PTI) Waste management-focused startup Recykal on Tuesday announced a USD 22 million (around Rs 162.58 crore) fund raise led by Morgan Stanley India. Existing investors Circulate Capital, Vellayan Subbiah, and Arun Venkatachalam from the Murugappa family also participated in the fund raising, which will be deployed for expansion of services pan-India, hiring [...]

LONDON, Jan. 10, 2022 /PRNewswire/ -- Colt Data Centre Services (DCS), a leading provider of global hyperscale and large enterprise data centre solutions, today announced that it has secured ten new parcels of land across Europe and APAC for the development of greenfield hyperscale data centres. These include sites in London, Frankfurt, Paris and Japan. [...]

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 [...]

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 [...]

*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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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, [...]

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, [...]

Mumbai, Jan 10 (PTI) Hyderabad-based electric two-wheeler charging infra provider BikeWo on Monday said it has roped in Southern movie star Venkatesh Daggubati as a strategic investor besides appointing him as the lead brand ambassador. This will be a long-term collaboration that will help the brand grow and scale in order to meet its ambitious [...]

Mumbai, Jan 10 (PTI) Commercial EV maker Altigreen has joined hands with EV charging solutions start-up Massive Mobility to install 25,000 on-demand charging stations in the next two years, according to a statement released on Monday. Bengaluru-based Altigreen is already catalysing the EV ecosystem and last-mile delivery in the country with its on-road commercial electric [...]

Lahori will use the fund to expand production capacity and towards accelerating branding and marketing efforts New Delhi, Delhi, India (NewsVoir) Punjab-based beverage startup Lahori has raised $15 million funding from Belgium-based consumer focused investor Verlinvest for an undisclosed minority stake. Lahori will use the funds to double down on its brand’s growth through offline [...]

- MIRAE ASSET Nifty India Manufacturing ETF (An open-ended scheme replicating/tracking Nifty India Manufacturing Total Return Index) - Mirae Asset Nifty India Manufacturing ETF FOF (An open-ended fund of fund scheme predominantly investing in Mirae Asset Nifty India Manufacturing ETF) MUMBAI, India, Jan. 10, 2022 /PRNewswire/ -- Mirae Asset Mutual Fund, one of the fastest [...]

Mumbai, Jan 10 (PTI) Axis Mutual Fund is targeting to garner Rs 500 crore from the CPSE Plus SDL debt index fund, which is a target maturity index fund with a benchmark maturity date of April 30, 2025, during the new fund offer. The new fund, which opens on January 10 and closes on January [...]

Mumbai, Jan 10 (PTI) Hero Electric said on Monday it will deliver over 1,000 e-scooters to last-mile delivery solutions startup Turtle Mobility this year as part of a partnership between the two firms, a release said on Monday. Turtle Mobility was incorporated in the second quarter of 2021 to further develop the electric vehicle ecosystem [...]

New Delhi, Jan 10 (PTI) Swedish audio brand Urbanista has forayed into the Indian market and aims to have around 5 per cent of the market share in the premium headphones and TWS (True Wireless Stereo) segments by the end of this year. The company, which has a presence in more than 90 countries around [...]

New Delhi, Jan 10 (PTI) The ePlane Company on Monday said it has raised USD 5 million (about Rs 37 crore) in funding led by deep-tech venture capitalist Speciale Invest and EV/climate-focussed fund Micelio. The pre-series A funding also saw participation from a consortium of investors, including Naval Ravikant, 3one4 Capital, UTEC (University of Tokyo [...]

New Delhi, Jan 10 (PTI) Diversified financial group Edelweiss on Monday said Edelweiss Housing Finance Ltd (EHFL) and ECL Finance Ltd (ECLF) have entered into co-lending partnership with Indian Bank for lending to priority sector areas. Agriculture, micro enterprises and advances to weaker sections of the society are amongst the categories that form the priority [...]

Mumbai, Maharashtra, India – Business Wire India Arch Pharmalabs Ltd., India, announced the signing of a Technology Access & Services Agreement with Orochem Technologies Inc., USA, on an exclusive basis. The Agreement allows Arch to collaborate with Orochem for using Orochem’s proprietary Simulated Moving Bed (SMB) platform for Pharmaceutical and other applications. Simulated Moving Bed [...]

New Delhi, Jan 10 (PTI) Dietary supplement brand Power Gummies on Monday said it has raised USD 6 million (about Rs 44.4 crore) in funding led by 9Unicorns. The series A round also saw participation from Vcats, DSG Consumer Partners, Wipro Consumer Care Ventures, Sharpp Ventures (Marico Family office) and NB Ventures, a statement said. [...]

New Delhi, Jan 10 (PTI) SaaS management platform Zluri on Monday said it has raised USD 10 million (about Rs 74.1 crore) in funding led by MassMutual Ventures. The series A round also saw participation from existing investors, Endiya Partners and Kalaari Capital, according to a statement. The company plans to use the capital to [...]

Bengaluru, Jan 10 (PTI) SaaS Management Platform Zluri has raised USD ten million in a Series A round of funding led by MassMutual Ventures with participation from existing investors, Endiya Partners and Kalaari Capital. Zluri had previously raised USD two million, from Endiya Partners and Kalaari Capital, in its seed round in January 2021. The [...]

NEW DELHI, Jan. 10, 2022 /PRNewswire/ -- Polestar Solutions, a leading player in data analytics and enterprise performance management (EPM), announced today that it has raised an undisclosed amount in series-A funding from a US-based strategic investor. The round of investment is driven by the significant revenue growth, strong traction (across segments and geographies), and [...]

Beijing, Jan 9 (PTI) Former RBI Governor Urjit Patel has been appointed as a Vice President of the Beijing-based multilateral funding institution AIIB, according to sources in the bank on Sunday. India is a founding member of the Asian Infrastructure Investment Bank (AIIB) with the second highest voting share after China. It is headed by [...]

New Delhi, Jan 9 (PTI) Alliance Air, a subsidiary of Air India, has issued a tender to refurbish its entire fleet of 18 ATR-72 aircraft. Air India, after its successful sale to the Tata Group in October last year, is expected to be handed over to the conglomerate in the first half of this year. [...]

New Delhi, Jan 9 (PTI) Electric two-wheeler maker AMO Electric is looking to raise about USD 100 million next fiscal as it looks to scale up R&D to introduce new products, expand manufacturing capacity and enhance sales infra across the country in order to consolidate its position in the sector. The Noida-based company currently sells [...]

New Delhi, Jan 8 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd on Saturday announced acquisition of New York's premium luxury hotel Mandarin Oriental for USD 98.15 million. Set up in 2003, Mandarin Oriental New York is an iconic luxury hotel located at 80 Columbus Circle, directly adjacent to the pristine Central Park and Columbus Circle. [...]

Mumbai, Jan 8 (PTI) S D Polymer FZE, subsidiary of S D Polymer, on Saturday said it has signed an agreement with Dubai-based AI Composites Materials FZE for expanding polymer compounding facilities in the Middle East. Under this Memorandum of Understanding (MoU), both the company will invest proportionally in the Middle East to expand the [...]

New Delhi, Jan 8 (PTI) Equitas Holdings Ltd will divest its entire stake in subsidiary Equitas Technologies Pvt Ltd (ETPL) as part of the requirement for the merger with Equitas Small Finance Bank (ESFB). As part of the RBI's licensing conditions, being the promoter of ESFB, the boards of Equitas Holdings and ESFB had in [...]

New Delhi, Jan 8 (PTI) Angel investor network Agility Ventures on Saturday said it has received approvals from markets watchdog Sebi for an angel fund with a total corpus of Rs 450 crore (USD 60 million) that will be deployed over the next 3-4 years. Agility Ventures network invests in startups or early-stage businesses in [...]

New Delhi, Jan 8 (PTI) CSB Bank on Saturday said its managing director and chief executive C VR Rajendran has decided for an early retirement on health grounds, and the lender will set up a committee to find a successor. This is to inform you that the bank's board in its meeting held on January [...]

New Delhi, Jan 8 (PTI)  Apex exporters body FIEO has inked an initial pact with digital platform provider RebelCorp to help MSME exporters create their own websites at affordable cost and expand business. Saad Khan, Founder and COO of Mumbai-based startup RebelCorp said the company will help the exporters create a portal which can be [...]

Mumbai, Jan 8 (PTI) Education infrastructure startup Teachmint on Saturday said it has partnered with the Punjab government to provide its teaching platform to over 500 government schools in the state and enable them to run their classrooms efficiently.In the first phase of the partnership, schools in Pathankot will be able to digitise their operations [...]

Kochi, Jan 8 (PTI) Indian e-Mobility startup, VAAN Electric Moto pvt Ltd, has raised Rs 6 crore from Asian Energy Services Limited, an oil and gas services company. VAAN which began its operation in 2019 is recognised worldwide as an Indian Life Style E-mobility startup which intends to bring to the market the products, including [...]

New Delhi, Jan 7 (PTI) Biocon Biologics, a subsidiary of biotechnology major Biocon, on Friday said the US health regulator has not approved an application for Insulin Aspart filed by its partner Viatris Inc. "The USFDA has issued a complete response letter (CRL) for the biologics licence application (BLA) for Insulin Aspart filed by our [...]

Mumbai, Jan 7 (PTI) A testing lab in Thane, which handles COVID samples from across the Mumbai metropolitan area, has hired additional manpower and invested in infrastructure as coronavirus cases are again surging in a big way.“From the reports we were getting, we could gather that there will be a sharp increase in cases in [...]

Mumbai, Jan 7 (PTI) Two-wheeler maker Hero MotoCorp on Friday announced the appointment of industry veteran Arun Jaura as its chief technology officer (CTO) to lead the company's research and development (R&D). The company, in a statement, also announced the resignation of Neerja Sharma, company secretary and chief compliance officer. Jaura, who was the managing [...]

Mumbai, Jan 7 (PTI) ReNew Power has raised USD 400 million from global debt investors, making it the second issue from the country after Reliance Industries' mop-up of USD 4 billion. The renewable energy firm said the money was raised by the Mauritius-based Clean Energy Holdings, a wholly-owned subsidiary of Renew Energy Global Plc that [...]

Mumbai, Jan 7 (PTI) Zypp Electric, which operates in the last-mile delivery space, announced its foray into the drone logistics segment and said it has partnered with TSAW Drones with its plans to deploy 200 drones in four cities in the first phase, according to a statement. The drones will be added as an extension [...]

Mumbai, Jan 7 (PTI) Brookfield and Everstone-promoted NBFC IndoStar Capital Finance Ltd on Friday elevated Deep Jaggi as its chief executive officer (CEO). The NBFC's Vice Chairman R Sridhar has decided to step down on completion of his five-year term, which will end on April 17, 2022, the lender said in a release. In his current [...]

New Delhi, Jan 7 (PTI) The RBI has approved the re-appointment of Anup Bagchi as the Executive Director of ICICI Bank for three years, even as the bank had cleared the term for five years.The Reserve Bank vide its letter dated January 6, 2022, has approved the re-appointment of Anup Bagchi as an Executive Director [...]

New Delhi, Jan 7 (PTI) Private sector lender ICICI Bank on Friday said it now facilitates online payment of customs duty, to benefit both retail and corporate customers. Corporate customers can pay customs duty through the bank's corporate internet banking (CIB) and mobile banking app InstaBIZ, while retail customers can do so through the bank's [...]

New Delhi, Jan 7 (PTI) PepsiCo India on Friday announced the appointment of George Kovoor as Senior Vice-President (SVP), Beverages. Kovoor will be the General Manager for the beverage business and will also be responsible for creating a long-term sustainability strategy for both the foods and beverage categories, said a PepsiCo India Statement. His appointment [...]

New Delhi, Jan 7 (PTI) Tata Power on Friday said it has secured the highest score among its peers in the Indian power sector in S&P Global's recently released corporate sustainability assessment (CSA) results. Giving credence to the company's focus to become the most progressive and preferred green energy brand in India, Tata Power has [...]

Chennai, Jan 7 (PTI) Food and beverage major PepsiCo has unveiled specially curated limited edition packs of its popular soft drink '7Up' for the Tamil Nadu market in view of the forthcoming harvest festival Pongal, the company said on Friday. 7Up has been launched in an all-new limited edition festive pack featuring the mascot 'Fido [...]

New Delhi, Jan 7 (PTI) JSW Steel on Friday said it has earmarked an investment of Rs 15,000 crore to set up 5 million tonne per annual (MTPA) steel-making capacity at its integrated plant in Vijayanagara, Karnataka. In this regard, Union Steel Minister Ram Chandra Prasad Singh on Friday laid the foundation stone of the [...]

New Delhi, Jan 7 (PTI) EKI Energy Services has incorporated a new venture GHG Mitigation Technologies for the backward integration of carbon credit supply through its green cooking initiative.EKI Energy Services Ltd (EKIESL), a leading developer and supplier of carbon credits (environmental commodity) in the World, announced the incorporation of a new associate GHG Mitigation [...]

New Delhi, Jan 7 (PTI) Edtech major upGrad on Friday said it has appointed Vikram Vyas as Vice President - Growth, International Sales for the Asia Pacific and EMEA (Europe, Middle East and Africa) regions. The leadership addition is part of upGrad's strategy to scale up operations in the global higher education space, a statement [...]

Delhi, India (NewsVoir) HFCL Limited (HFCL), leading telecom equipment manufacturer and technology provider is poised for scaling its international business. HFCL’s strategy is to enter new products, new geographies and to reach new customers and hence, to strengthen the Company’s leadership team, HFCL welcomes three industry veterans. HFCL in its wholly-owned subsidiary in the Netherlands [...]

New Delhi, Jan 7 (PTI) Drugmaker Lupin on Friday said it has launched antiviral medication Molnupiravir under the brand name Molnulup in the country for the treatment of COVID-19.Molnupiravir has been given emergency use authorisation by the Drug Controller General of India (DCGI) for treatment of adult COVID-19 patients who have a high risk of [...]

Mumbai, Jan 7 (PTI) E-commerce shipping firm Shiprocket on Friday said it has “committed” to acquire a 75 per cent stake in customer data platform (CDP) Wigzo Tech.The proposed strategic acquisition will enable Shiprocket to expand its product stack for online retailers onboarding its platform, among others, the startup said in a release without disclosing [...]

New Delhi, Jan 7 (PTI) Alembic Pharmaceuticals Ltd on Friday said it has received tentative approval from the US health regulator for its generic Vortioxetine tablets indicated for the treatment of the major depressive disorder.  The tentative approval granted by the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for [...]

- Valuation multiplies 2.5X as company approaches profitability BENGALURU, India, Jan. 6, 2022 /PRNewswire/ -- • Series D funding, a mix of debt and equity, was carried out by Trifecta Debt Fund, Patni Advisors, and Bessemer Venture Partners. Sanjoy Bhattacharya, the doyen amongst value investors, Bharat Jaisinghani, and a clutch of other individual investors also [...]

New Delhi, Jan 6 (PTI) HCL Technologies on Thursday said it has completed the acquisition of a 51 per cent stake in German IT consulting company Gesellschaft für Banksysteme GmbH (GBS). In December, HCL Technologies had announced that it will acquire 51 per cent stake in GBS. Deutsche Apotheker- und Ärztebank eG (apoBank), the largest [...]

Mumbai, Jan 6 (PTI) Former Sebi chairman M Damodaran on Thursday termed the mandate to have independent women directors on company boards as mere "tokenism", stating that firms are adhering to the guideline just for compliance. Damodaran also called the wording of the regulation "humorous", saying there is nothing like an "independent woman director" as [...]

New Delhi, Jan 6 (PTI) Polytrade Finance, a decentralised finance (DeFi) lending platform providing working capital to SMEs in the real world using crypto liquidity, on Thursday announced its listing on cryptocurrency exchange CoinDCX. "$TRADE listing on CoinDCX will provide its 75 lakh-plus Indian users with another avenue to access trade tokens," the decentralised finance [...]

New Delhi, Jan 6 (PTI) Billionaire Gautam Adani's port-to-energy conglomerate on Thursday said it had won a contract to supply imported coal to state-owned electricity generator NTPC but played down its significance saying the volume of 1 million tonnes was small. "NTPC has awarded the contract to the company for the supply of 1 million [...]

New Delhi, Jan 6 (PTI) BharatPe co-founder Ashneer Grover on Thursday said a viral audio clip claiming to be of him verbally abusing a bank employee for not getting share allotment in Nykaa's initial public offering (IPO) is "fake" and is an attempt for extorting money. A tweet on Wednesday morning by an account named [...]

Mumbai, Jan 6 (PTI) Logistics tech startup Pickrr on Thursday said it has launched an early COD (cash on delivery) service for its sellers that will help in faster money transfers to their bank.With the early COD option, the company aims to support its sellers and help them get money in their accounts within a [...]

New Delhi, Jan 6 (PTI) HDFC Life on Thursday announced the closure of the acquisition Exide Life deal, which will pave the way for increasing its presence in the south India market. The private sector insurer acquired a 100 per cent stake in Exide Life from its parent Exide Industries after issuing over 8.7 crore [...]