Latest News on Corporate Actions

Ahmedabad, Dec 27 (PTI) As many as 16 memorandums of understanding (MoUs), including one for the construction of a hotel near the world's tallest Statue of Unity at Kevadia by Taj Group, were signed on Monday in the run-up to the 10th edition of the Vibrant Gujarat Global Summit, according to an official statement released [...]

New Delhi, Dec 27 (PTI) Senior bureaucrat Sanjay Kumar Singh has been appointed as Steel Secretary as part of a major top-level bureaucratic reshuffle effected by the Centre on Monday.Singh, a 1987 batch IAS officer of Madhya Pradesh cadre, is currently Secretary, Department of Administrative Reforms & Public Grievances (DARPG) and Department of Pensions & [...]

Mumbai, Dec 27 (PTI) The Pune Metropolitan Region Development Authority has awarded the metro line 3 contract to a joint venture of a Tata Group company and a consortium of the Siemens Group. The 23.3-km elevated metro line connects the Hinjewadi Rajiv Gandhi Infotech Park with Shivajinagar via Balewadi in the second largest city in [...]

MUMBAI, India, Dec. 27, 2021 /PRNewswire/ -- Waaree Energies, India's leading solar PV module manufacturer, has Supplied 335 Wp Poly solar modules for a project developed by, RBA Power Pvt. Ltd. The size of the project is 1.53 MW located at Kovilpatti, TN, India. Waaree has supplied 1.53 MW of solar modules for this project. [...]

New Delhi, Dec 27 (PTI) Sohan Lal Commodity Management (SLCM) on Monday said it has signed a pact with the Tamil Nadu Foodgrains Marketing Yard (TFMY) in order to provide finance against commodities stored in the TFMY warehouse facility. TFMY is a unique project that aims to provide necessary infrastructures for cereals, pulses and staples [...]

New Delhi, Delhi, India – Business Wire India Godfrey Phillips India Limited (GPI), one of India’s largest FMCG companies, today announced the appointment of Sharad Aggarwal as Chief Executive Officer. He will be reporting to Dr Bina Modi, President and Managing Director. The Board had met on 16 September 2021 and unanimously approved the appointment [...]

Mumbai, Dec 27 (PTI) Specialty chemicals company LANXESS on Monday said it is planning to further promote gender diversity by increasing the number of women in management roles globally to 30 per cent by 2030. At the end of 2020, around 23 per cent of the management positions were held by women, the company said [...]

New Delhi, Dec 27 (PTI) Shares of RBL Bank on Monday tumbled over 18 per cent after its MD and CEO Vishawvir Ahuja stepped down from the post. The stock tanked 18.32 per cent to Rs 140.90 on the BSE. During the day, it tumbled 23.27 per cent to Rs 132.35 -- its 52-week low. [...]

New Delhi, Dec 27 (PTT) Pre-owned vehicle marketplace Shriram Automall India Ltd (SAMIL) on Monday said it has partnered with Ashok Leyland to launch an exclusive platform for used commercial vehicle business.The two companies have signed a memorandum of understanding under which SAMIL's physical and digital platforms will facilitate an exchange, disposal and purchase of [...]

- Basiz Fund Services extends its efforts to the state of Tripura and invests in ITeS sector - MUMBAI, India, Dec. 27, 2021 /PRNewswire/ -- Basiz Fund Services, India's sole global fund administrator embarked on a new journey by signing a Memorandum of Understanding (MoU) with Government of Tripura in presence of Shri. Manoj Kanti [...]

Mumbai, Dec 27 (PTI) Gurugram-based water e-commerce start-up OwO Technologies on Monday said it has raised USD 3 million (about Rs 22.5 crore) seed funding from marquee investors. OwO is creating disruptions in the online essentials space (the drinking water market at large) by launching WaaS (water-as-a-service), the company said in a statement adding that [...]

New Delhi, Dec 27 (PTI) Vedanta Ltd on Monday said a committee of directors has approved raising up to Rs 1,000 crore through non-convertible debentures (NCDs) on private placement basis. The meeting was held on Monday, Vedanta said in a filing to BSE. "The duly authorised committee of directors at its meeting ...considered and approved [...]

Mumbai, Dec 27 (PTI) Mahindra Holidays & Resorts, which operates under the flagship Club Mahindra brand of membership-only resorts, plans to add over 300 rooms by March to take the overall inventory to 4,500 keys, a top company official has said. The Mahindra group firm had reported the highest quarterly profit of Rs 40.6 crore [...]

New Delhi, Dec 27 (PTI) HDFC Bank has tied up with India Post Payments Bank (IPPB) to offer its banking services to the unbanked and underserved segments in semi-urban and rural areas.A memorandum of understanding was signed between HDFC Bank and IPPB to cater to the majority of over 4.7 crore customer base of IPPB.About [...]

New Delhi, Dec 27 (PTI) Indians can now get remittance money from their foreign sources in a much easier way as IndusInd Bank has tied up with NPCI to facilitate cross-border money transfer by using UPI IDs of the beneficiaries. This will obviate the need to remember one's bank account details to send money. IndusInd [...]

New Delhi, Dec 27 (PTI) The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, has invited applications for the post of managing director and chief executive director of Union Bank of India for a three-year term. The post of MD and CEO would fall vacant at Mumbai-based Union Bank of India [...]

New Delhi, Dec 27 (PTI) Sterlite Power Transmission arm Sterlite Brazil Participações S.A. has bagged second lot in transmission project in an auction in Brazil. "Sterlite Brazil Participações S.A. (Sterlite Brazil), a subsidiary of India’s Sterlite Power Transmission (the company), won lot 02 in the transmission auction (no. 002/2021), promoted on 17th December 2021 by [...]

New Delhi, Dec 27 (PTI) Renewable energy firm Amp Energy India on Monday said it has commissioned its second open access solar project in Maharashtra. Amp Energy India has recently commissioned a 13.5 MW solar power project for cement manufacturer Orient Cement, a company statement said. The 13.5 MW project at Osmanabad, in Maharashtra will [...]

New Delhi, Dec 27 (PTT) Hero Lectro, the electric cycles brand of Hero Cycles Ltd, on Monday launched two new products - F2i and F3i - priced at Rs 39,999 and Rs 40,999, respectively. Designed in Hero Lectro's own R&D centre, these e-cycles have a range of up to 35 km in one charge and [...]

Mumbai, Dec 26 (PTI) RBL Bank's interim chief executive and managing director Rajeev Ahuja on Sunday sought to allay concerns around the health of the private sector lender, stressing that the events over the weekend are not linked to quality of advances or asset quality.Rajeev, an executive director with the lender who was elevated by [...]

Mumbai, Dec 26 (PTI) Oncology-focussed managed healthcare platform Karkinos Healthcare has received an undisclosed amount of investment from Reliance Digital Health, a statement said on Sunday. The start-up, backed by Ratan Tata personally and the Tata Group, has other major angel investors that include Venu Srinivasan, Kris Gopalakrishnan, Ronnie Screwvala, Vijay Shekar Sharma and Bhavish [...]

Mumbai, Dec 26 (PTI) Dubai-based hospital chain Aster DM Healthcare, which is among the largest private sector healthcare chains in the Gulf region as well as in the country, is increasing its focus on India with a target of netting half of the revenue from here over the next five years and plans to hive [...]

New Delhi, Dec 26 (PTI) Riding on the success of their recent model launches, homegrown auto majors Mahindra & Mahindra and Tata Motors are looking to further strengthen their product portfolios in 2022. Both companies are also looking at ways to handle the semiconductor shortage in a better way next year so that the impact [...]

New Delhi, Dec 26 (PTI) RBL Bank's Vishawvir Ahuja has stepped down as MD & CEO of the bank, and the bank has appointed Rajeev Ahuja as as the interim Managing Director and Chief Executive Officer of the bank with immediate effect. The Reserve Bank of India has also appointed its Chief General Manager Yogesh [...]

New Delhi, Dec 26 (PTI) As many as 439 infrastructure projects, each entailing investment of Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.38 lakh crore, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects of Rs 150 crore and above. Of 1,679 [...]

New Delhi, Dec 26 (PTI) Direct selling major Amway is looking to enhance exports of herbal and Ayurveda-based products from India to South East Asian nations, according to company global CEO Milind Pant. The company is also working to develop new products and innovate in the areas of preventive health, nutrition and wellness to offer [...]

New Delhi, Dec 25 (PTI) Drug firm Lupin on Saturday said it has received approval from the US health regulator to market Sevelamer Carbonate for Oral Suspension, used in the control of serum phosphorus with chronic kidney disease (CKD) on dialysis. The company has received approval from the United States Food and Drug Administration (FDA) [...]

Mumbai, Dec 24 (PTI) Mumbai-based Darwin Platform Infrastructure Ltd (DPIL) on Friday said its bid to acquire Lavasa Corporation through the insolvency process has been approved by the debt-ridden firm's lenders. The resolution plan submitted by Darwin Platform received 97 per cent votes of the Committee of Creditors (CoC), banking and market sources said. At [...]

Mumbai, Dec 24 (PTI) The Reserve Bank of India on Friday said it has imposed a penalty of Rs 30 lakh on MUFG Bank Ltd for non-compliance with the directions issued by it on “Loans and Advances -- Statutory and Other Restrictions”.The central bank has also imposed penalties on two cooperative banks for deficiencies in [...]

Bhubaneswar, Dec 24 (PTI) A memorandum of understanding (MoU) has been signed between Rourkela Steel Plant (RSP) in Odisha and Software Technology Park of India (STPI) for a centre of entrepreneurship (CoE) on emerging technologies. The MoU was signed on Thursday at an event in Bhubaneswar by RSP executive director (works) SR Suryawanshi and STPI [...]

New Delhi, Dec 24 (PTI) Markets regulator Sebi on Friday imposed fine totalling nearly Rs 17 crore on Cals Refineries Ltd, its officials and one entity in a matter relating to manipulation in the issuance of global depository receipts (GDRs). Cals Refineries had issued 78.8 lakh GDRs amounting to USD 200 million and the issue [...]

New Delhi, Dec 24 (PTI) Adani Transmission (ATL) has bagged 400 kV Karur Transmission Project for evacuation of renewable power.Adani Transmission Ltd (ATL), India’s largest private sector power transmission company and part of the diversified Adani Group, has received the Letter of Intent (LoI) for the acquisition of Karur Transmission Ltd, a company statement said.According [...]

Mumbai, Dec 24 (PTI) Okaya Electric Vehicles on Friday said it has launched high-speed e-scooter Faast at an introductory price of Rs 89,999 (before subsidies) at the EV Expo 21 held at Greater Noida.The company also announced the opening of bookings with an initial payment of Rs 1,999 through the Okaya EV website or at [...]

New Delhi, Dec 24 (PTI) To recover investors' money, markets regulator Sebi will auction next month 18 properties of Sun Plant Agro and Sun Plant Business, which had raised money illegally from the public for a reserve price of over Rs 12 crore.These properties are land parcels spread across West Bengal, the Securities and Exchange [...]

Mumbai, Dec 24 (PTI) Infrastructure major GMR Group said on Friday it has signed shareholders agreement with Indonesia's Angkasa Pura II for the development of Medan Airport on December 23. GMR Airports, a part of the GMR group, had in November won the bid for this high growth potential brownfield airport, through a closely contested [...]

New Delhi, Dec 24 (PTI) Canara Bank on Friday said it has raised Rs 2,500 crore by issuing Basel-III compliant bonds to a total of 10 allottees.The bank has successfully raised Basel-III compliant tier-II series I bonds, Canara Bank said in a regulatory filing."Our bank came out with the issuance of Rs 2,500 crore of [...]

New Delhi, Dec 24 (PTI) Honasa Consumer Pvt Ltd (HCPL) on Friday said it has acquired female-oriented content platform Momspresso and associated influencer-engagement platform Momspresso MyMoney for an undisclosed amount. HCPL is the parent company of Mamaearth and The Derma Co. With the acquisition, Momspresso and MyMoney will provide HCPL with a platform to connect [...]

New Delhi, Dec 24 (PTI) IT firm Mphasis on Friday said it has signed an agreement with UK-based Ardonagh, wherein its subsidiary has acquired 51 per cent stake in a shared services entity Mrald Ltd (MRL). Mphasis, in the year 2020, had announced a deal with the Specialty Broking Segment of The Ardonagh Group, UK [...]

New Delhi, Dec 24 (PTI) E-waste recycling firm Attero is planning to invest Rs 300 crore in a bid to increase its existing lithium-ion battery recycling capacity by 11 times to 11,000 tons by the end of 2022, a top company official said. According to the market estimates, India generates more than 50,000 tons of [...]

Mumbai, Dec 23 (PTI) Budget carrier IndiGo on Thursday announced the appointment of Emirates former executive Neetan Chopra as its chief digital and information officer (CDIO), effective January 3. In this newly-created position, Chopra, who is currently the group chief technology officer at Dubai Holding, will be responsible for all aspects of IndiGo's information technology [...]

New Delhi, Dec 23 (PTI) Health and fitness start-up, Healthquad on Thursday said it has raised USD 1 million (approx Rs 7.5 crore) from investors, including Australian cricketer Pat Cummins. Besides, the fast bowler who is also the Test Captain for Australia will be the company's brand ambassador, Healthquad said in a statement. It, however, [...]

New Delhi, Dec 23 (PTI) Jupitice on Thursday said it has raised USD 4 million (about Rs 30 crore) in pre-Series A funding from Almas Global Opportunity Fund.The funds raised will be utilised in product development and global marketing, a statement said.Founded by Raman Aggarwal, Chandigarh-based Jupitice has designed and developed a 'justice technology' platform [...]

Mumbai, Dec 23 (PTI) The Board of Allcargo Logistics on Thursday approved the demerger of its CFS/ICD and real estate businesses, aimed at creating strategic business undertakings to drive growth across distinct opportunities.Under the proposed scheme of demerger, equipment rental and real estate businesses will move to TransIndia and CFS/ICD (container freight stations/inland container depot) [...]

Mumbai, Dec 23 (PTI) EV maker HOP Electric on Thursday said it has signed an initial pact with the Rajasthan government to set up an electric vehicle manufacturing plant in Jaipur with a capacity to produce 1.8 lakh vehicles per annum. The company also said it is exploring similar possibilities in other states also and [...]

New Delhi, Dec 23 (PTI) Steel pipes maker Jindal SAW has entered into an agreement with US-based Hunting Energy Services to form a joint venture (JV) company in India to set up a precision machine shop. Jindal SAW would hold 51 per cent stake in the JV, while Hunting Energy will own the remaining 49 [...]

New Delhi, Dec 23 (PTI) Biocon Biologics, an arm of biotechnology major Biocon, on Thursday said the clinical study for its biologic drug Itolizumab for the possible indication in autoimmune disease Lupus Nephritis has been initiated in India after approval from the Drugs Controller General of India. Biocon's partner US-based Equillium Inc has expanded its [...]

Chennai, Dec 23 (PTI) Carborundum Universal Ltd, the Murugappa Group firm on Thursday said its step-down subsidiary in Germany, CUMI GmbH has emerged as the successful bidder to acquire the main assets of the AWUKO Abrasives Wandmacher GmbH and Company, Germany -- a 120 year old leader in leather and wood applications. CUMI GmbH has [...]

Mumbai, Dec 23 (PTI) Advanced battery-tech start-up Log9 Materials on Thursday inaugurated its first InstaCharge Station in Bengaluru and said it plans to expand the charging infrastructure to other major cities and smaller towns going forward. With its InstaCharge Stations, Log9 aims to provide the throughput that the fleet operators require to efficiently work on [...]

New Delhi, Dec 23 (PTI) Domestic traders body CAIT on Thursday claimed that e-commerce major Amazon's plan to acquire Prione Business Services - its joint venture firm with Catamaran - will be a violation of foreign direct investment policy.Amazon has said it will acquire Prione Business Services, subject to requisite regulatory approvals.In August, Amazon and [...]

New Delhi, Dec 23 (PTI) Homegrown consumer appliances major Havells India on Thursday said its washing machine manufacturing unit at Ghiloth in Rajasthan has gone on stream. Spread over 50 acres, the unit will significantly strengthen washing machine production capacity of Lloyd -- a brand of the company -- with a targeted output of 3 [...]

New Delhi, Dec 23 (PTI) Fund manager of Deutsche Mutual Fund and his parents paid nearly Rs 5 crore to settle with Sebi a case of alleged front running in the trades of the mutual fund. The amount remitted by them includes settlement charges, wrongful gains and interest charged on the ill-gotten gains. Akash Singhania, [...]

New Delhi, Dec 23 (PTI) GMR Infrastructure on Thursday said it has received approval from the National Company Law Tribunal for the restructuring plan involving the demerger of the non-airport business. GMR Infrastructure had unveiled the rejig plan on August 27 last year, to simplify the corporate holding structure and to attract sector-specific global investors. [...]

Amaravati, Dec 23 (PTI) Century Plyboards (India) Ltd will set up a new integrated wood panel manufacturing plant in YSR Kadapa district in Andhra Pradesh. Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Thursday laid foundation stone for the proposed plant, a release from the wood panel maker said. “CenturyPly’s plant, proposed to be [...]

New Delhi, Dec 23 (PTI) Bharti Airtel hosted the 'O-RAN Alliance Global PlugFest 2021' in India in partnership with global and Indian technology companies, a release said on Thursday. The event was held at Airtel's network experience centre in Manesar, near Delhi. Put simply, Open RAN or open radio access network architecture is industry terminology [...]

New Delhi, Dec 23 (PTI) The country's largest two-wheeler maker Hero MotoCorp on Thursday said it will increase prices of its entire model range by up to Rs 2,000 from January 4, 2022 in order to offset the impact of rise in input cost. The company will make an upward revision in the ex-showroom prices [...]

New Delhi, Dec 23 (PTI) State-owned REC Ltd has signed a pact with KfW Development Bank to avail USD 169.5 million to the power finance sector and renewable energy projects. "REC Ltd has entered into an agreement with KfW Development Bank for availing ODA (official development assistance) term loan of USD 169.5 million under the [...]

Hyderabad, India – Business Wire India Serial entrepreneur Aditya Vuchi, who recently exited his previous company MediaMint in a Rs. 566 Cr. deal, today announced that he has raised seed funding for his latest venture. His newest startup, Doosra, is focused on solving one of the most complex and pressing problems globally – privacy. The [...]

Bengaluru, Karnataka, India – Business Wire India Founded by Ankur Marda, Ashish Marballi and Hitesh Sarda in 2017, GoKhana digitizes operations of institutional food-courts by introducing efficiencies and making the entire food-ordering process convenient, efficient and contactless. GoKhana is present in 11 cities with contracts translating to 1M+ active users, with a strong pipeline to [...]

New Delhi, Dec 23 (PTI) Pharmaceuticals firm Granules India Ltd on Thursday announced appointment of Sucharita Rao Palepu, former global head of human resources at Tech Mahindra, as non-executive Independent Director on its board with immediate effect.   Palepu brings with her a rich and varied experience of two decades in information technology and financial [...]

New Delhi, Dec 23 (PTI) Fairfax-backed IIFL Group on Thursday said IIFL Fintech Fund is planning to invest Rs 300 crore in early-stage Indian fintech start-ups in the next two years. The move is aimed at facilitating the creation of affordable products and technologies that aid financial inclusion, a statement said. In August 2021, IIFL [...]

Mumbai, Dec 23 (PTI) Global insurance broker and risk advisor Marsh on Thursday said it has raised its shareholding in Marsh India Insurance Brokers Pvt Ltd to 92 per cent from 49 per cent. Marsh India is a joint venture between Marsh International Holdings Inc and India-based Rampart Trust. The enhanced investment will enable Marsh [...]

- Acquisition Propels SADA into APAC Market, Provides Professional Services, Engineering, and Support to Global Customers THIRUVANANTHAPURAM, India, Dec. 23, 2021 /PRNewswire/ -- SADA, a leading business and technology consultancy and Google Cloud Premier Partner based in the USA, today announced its acquisition of Thiruvananthapuram Technopark-based ByteWave Digital, a Google Cloud Partner committed to providing [...]

New Delhi, Dec 23 (PTI) Realty firm Macrotech Developers on Thursday said it has partnered with Morgan Stanley Real Estate Investing (MSREI) to develop a premium warehousing project near Mumbai with an investment of Rs 600 crore. Macrotech Developers, which got listed on stock exchanges in April after raising Rs 2,500 crore through public issue, [...]

Kolkata, Dec 22 (PTI) Kesoram Industries Ltd on Wednesday lifted the suspension of work at the chemical dicision of its rayon factor at Kuntighat in Hoogly district of West Bengal, sources in the company said. The factory is a wholly owned subsidiary of Cygnet Industries Limited. The company had put the loss making unit under [...]

New Delhi, Dec 22 (PTI) Sebi on Wednesday imposed a penalty of Rs 1.5 crore on Karvy Computershare (presently known as KFin Technologies) for redeeming its units in Taurus Mutual Fund on the basis of privileged information, pertaining to Ballarpur Industries default, available to it as RTA. By redeeming all units in Taurus Liquid Fund [...]

Mumbai, Dec 22 (PTI) A Kotak Mahindra Bank arm on Wednesday announced it has acquired the passenger vehicle finance portfolio of the exiting Ford Motor Company's captive lending platform for an undisclosed sum. Kotak Mahindra Prime acquired Ford Credit India's loan portfolio of Rs 425 crore spread across 16,000 customers, an official statement said. The [...]

New Delhi, Dec 22 (PTI) Airtel Business, the business-to-business unit of Bharti Airtel, and IBM have collaborated to deploy a hybrid cloud solution for a group of Milk Producer Companies (MPCs) created by NDDB Dairy Services, according to a release. The hybrid cloud solution which leverages Airtel Cloud and IBM Power servers will host the [...]

Mumbai, Dec 22 (PTI) Electric vehicle company e-Ashwa Automotive on Wednesday launched 12 models of Lithium-ion battery-operated scooters and motorcycles under its own brand at prices ranging between Rs 58,000-Rs 1.30 lakh (ex-showroom Delhi).Earlier this month, the Ghaziabad-based company had announced the roll-out of a range of EVs--two-wheelers and three-wheelers (passengers and cargo)-- both for [...]

New Delhi, Dec 22 (PTI) State-owned RINL on Wednesday dispatched the first shipment of 51 loco wheels to the Indian Railways from its forged wheel plant (FWP) located at Raebareli, Uttar Pradesh. Visakhapatnam-based Rashtriya Ispat Nigam Ltd (RINL) has set up the plant at a cost of around Rs 1,700 crore with a production capacity [...]

Varanasi, Dec 22 (PTI) The National Test House (NTH) will open a satellite centre at Regional Reference Standard Laboratory (RRSL) premises here on Thursday to perform testing of all types of textiles and carpet products, an official said. This satellite centre will also conduct quality testing of drinking water, the official added. The Regional Reference [...]

New Delhi, Dec 22 (PTI) Leading stock exchange BSE on Wednesday said it has collaborated with the Nashik Sarafa Association to further develop the commodities and derivatives market in India. Both the parties will also work together on developing new products on bullion commodities contract, the exchange said in a statement. The pact aims to [...]

New Delhi, Dec 22 (PTI) Egg-focused consumer brand Eggoz on Wednesday said it has raised USD 3.5 million (over Rs 25 crore) in Series-A funding, led by NABVENTURES, a venture capital fund anchored by National Bank for Agriculture and Rural Development. The round also saw participation from Avaana Capital, Rebright Partners, Bellerive Capital and angel [...]

New Delhi, Dec 22 (PTI) Amazon on Wednesday filed a writ petition in the Delhi High Court seeking clarifications on the scope of Enforcement Directorate's (ED) investigations into alleged foreign exchange violations by the company, according to sources. Last month, Amazon had said it was in receipt of summons by the ED in connection with [...]

Mumbai, Dec 22 (PTI) Distribution and logistics startup Ripplr has raised USD 12 million (around Rs 90 crore) in a funding round with a mix of equity and debt from Japanese firm Sojitz Corporation and Stride Ventures. The pre-series- B funding round also saw participation from existing investors 3one4 Capital, Zephyr Peacock India Growth Fund, [...]

Mumbai, Dec 22 (PTI) Piramal Enterprises Limited (PEL) on Wednesday announced the appointment of Rupen Jhaveri as its Group President, with primary focus on financial services. In the newly created role, Jhaveri will be responsible for business development, strategy, merger and acquisition, capital allocation and corporate finance. The appointment is effective January 24, 2022, the [...]

Bangalore, Karnataka, India – Business Wire India Having made a significant impact to over 2 lakh retailers across India with its eB2B model, ShopX has now launched its Consumer-centric value discovery and transactions platform which connects brands and small retailers directly to consumers across multiple categories. Key features of this platform: 1. Partners with brands [...]

Mumbai, Dec 22 (PTI) Active lifestyle and sustainable mobility startup Ninety One has raised USD 30 million (about Rs 225 crore) from A91 Partners, Avaana Capital, Titan Capital and others.Of the total fund infused, A91 Partners pumped in Rs 160 crore and the rest has been contributed by Fireside Ventures, Avaana Capital and Titan Capital, [...]

New Delhi, Dec 22 (PTI) Motilal Oswal Real Estate (MORE), the real estate private equity arm of Motilal Oswal Group, on Wednesday said it has committed investments of Rs 1,200 crore during the last 18 months across various projects and plans to invest Rs 1,000 crore more by March next year. In a statement, MORE [...]

London, Dec 22 (PTI) Steel made at Tata Steel’s Port Talbot plant in Wales is behind the world’s largest offshore wind farm due to be completed by 2026, the Indian steel major said on Wednesday. The Dogger Bank Wind Farm, capable of providing green energy for 6 million homes in the UK, will make use [...]

New Delhi, Dec 22 (PTI) CG Power and Industrial Solutions on Wednesday said the liquidation of its arm CG Ganz has been completed and its name has been deleted from the records of the local authority in Hungary where it was registered. Earlier this year, the company had informed the bourses about the approval of [...]

Bengaluru, Dec 22 (PTI) Airtel Business, the B2B unit of Bharti Airtel (Airtel), and IBM have collaborated to deploy a hybrid cloud solution for a group of Milk Producer Companies (MPCs) created by NDDB Dairy Services. The solution that leverages Airtel Cloud and IBM Power servers, will host the ERP and other key applications to [...]

New Delhi, Dec 22 (PTI) Various irregularities have been reported in the functioning of Ahmedabad-based Adarsh Credit Cooperative Society and a liquidator has been appointed for winding up of the Society, Cooperation Minister Amit Shah on Wednesday informed Parliament. In his written reply to a query to the Rajya Sabha, Shah said various irregularities including [...]