Latest News on Corporate Actions

The fund raised for its project Alliance Galleria Residences in Chennai was prepaid along with an interest amount of Rs 25cr far earlier than its actual tenure of 48 months Chennai, Tamil Nadu, India – Business Wire India While March of 2020 brought bad news with the pandemic hitting the world and businesses being affected [...]

Leh, Dec 9 (PTI) The Power Development Department (PDD) of Ladakh on Thursday singed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for buying 50 mega watts DC solar power, officials said. The PPA was signed between chief engineer, PDD Ladakh, Ghulam Ahmad Mir and Senior Manager (Projects), SECI, Debajyoti Bordoloi [...]

New Delhi, Dec 9 (PTI) BTL EPC Ltd on Thursday said it has secured a Rs 317 crore order from NTPC for setting up of a coal handling plant for the Pakri Barwadih coal mining project. The project site is located at Pakri in Hazaribag district, approximately 130 kms from Ranchi. "BTL EPC Ltd...has secured [...]

Mumbai, Dec 9 (PTI) Smartchem Technologies, a fully-owned subsidiary of Deepak Fertilisers & Petrochemicals Corporation, on Thursday said Odisha chief minister Naveen Patnaik laid the foundation stone for its Rs 2,200-crore technical ammonium nitrate (TAN) complex at the Gopalpur industrial park. The project at the Tata Steel industrial park in Gopalpur will have an annual [...]

New Delhi, Dec 9 (PTI) An affiliate of Fairfax Financial Holdings on Thursday offloaded shares worth nearly Rs 313 crore in IIFL Finance through an open market transaction.According to bulk deal data available with the NSE, Hamblin Watsa Investment Counsel (HWIC) Asia Fund sold over 1.04 crore shares of IIFL Finance at an average price [...]

New Delhi, Dec 9 (PTI) Drug firm Marksans Pharma on Thursday said its subsidiary has received market authorisation from the UK health regulator for its anti-diarrhoea medication Loperamide capsules.The UK MHRA has granted market authorisation to the company's wholly-owned subsidiary Relonchem Ltd for Loperamide hard capsules (2mg), Marksans Pharma said in a regulatory filing.Marksans Pharma [...]

New Delhi, Dec 9 (PTI) The resolution plan of Authum Investment and Infrastructure has received 99 per cent vote of debenture holders of Reliance Commercial Finance Limited, a group company of debt-ridden Reliance Group promoted by Anil Ambani.With the approval, Authum Investment and Infrastructure moved a step further for the acquisition of Reliance Commercial Finance, [...]

Chennai, Dec 9 (PTI) WEGoT, an Internet of Things based water management solutions provider, has raised USD 1.50 million towards its vision to strengthen its footprint in the country and enhance existing product capabilities, the company said on Thursday. The strategic funding was led by GRUHAS Proptech (promoted by Abhijeet Pai of Puzzolana Group and [...]

New Delhi, Dec 9 (PTI) Germany-based KfW IPEX-Bank has extended a USD 82-million (about Rs 615 crore) financial support to Jindal Stainless Limited to procure machinery from Austrian companies Primetals Technologies and Andritz AG.JSL is procuring capital equipment from Europe as part of its plan for expansion of its production facilities in Jajpur, Odisha, from [...]

New Delhi, Dec 9 (PTI) Bajaj Electricals Ltd on Thursday said its board has approved a review of its corporate structure, including a move to hive off its power transmission and power distribution business verticals as an independent entity.The company -- which is into consumer product segments like appliances, fan and consumer lighting products; and [...]

Mumbai, Dec 9 (PTI) Grip Invest, a digital platform for facilitating new-age investments, on Thursday said it has signed a USD 2 million lease financing deal with Battery Smart for electric vehicles. Through this deal, Grip Invest plans to lease 4,000 batteries for e-rickshaws, enabling the battery network provider to leverage an asset-light business model [...]

New Delhi, Dec 9 (PTI) Microsoft India and WhiteHat Jr on Thursday announced a collaboration to provide students and teachers access to personalised and immersive learning experiences with Minecraft. Under the partnership, Whitehat Jr will offer a Code with Minecraft course for students on its platform, a statement said. The Code with Minecraft programme will [...]

New Delhi, Dec 9 (PTI) Talent supply for fresher roles has outpaced employers' demand in the 12-month period ending October 2021, indicating a rising talent supply in a declining job market, according to a report.As per data findings by leading job site Indeed, the number of freshers seeking jobs (searches) has seen a 30 per [...]

New Delhi, Dec 9 (PTI) Gender pay gap has deepened during the COVID-19 pandemic, with women being left behind on pay raises and bonuses, says an ADP study. According to ADP's study 'People at Work 2021: A Global Workforce View', in India only 65 per cent of women received a pay rise or bonus for [...]

New Delhi, Dec 9 (PTI) Shares of Wheels India Ltd on Thursday increased nearly 4 per cent a day after its board approved amalgamation of Sundaram Hydraulics Ltd with the company. On the BSE, the scrip jumped 3.74 per cent to end at Rs 689.35. It was trading at a high of Rs 699.4 during [...]

Mumbai, Dec 9 (PTI) Anglian Omega Group's EV arm Omega Seiki Mobility (OSM) is investing USD 200-300 million in the electric light commercial business with plans to roll out e-trucks in various payload capacities in the domestic market by this fiscal end for the logistics sector, company's chairman Uday Narang has said. OSM has been [...]

Mumbai, Maharashtra, India (NewsVoir) • New Qualtrics research uncovers the moves businesses in India need to take to win in 2022 • Nearly all consumers in India (96%) said they were dissatisfied with their experiences as customers in 2021, says survey • Two-thirds of workers intend to stay with their employer next year Nearly all [...]

New Delhi, Dec 9 (PTI) Fintech major Razorpay on Thursday said it has seen strong growth in the number of payments processed on its platform, and it expects its total payment volume (TPV) to touch USD 90 billion by end of next year. The unicorn, which is backed by investors like Tiger Global, Sequoia Capital [...]

New Delhi, Dec 9 (PTI) Direct-to-Consumer personal and home care products startup Clensta on Thursday said it has raised Rs 20 crore funding from Hem Angels part of Hem Securities Ltd, Venture Catalysts and Inflection Point Ventures. Existing investors N+1 Capital (RBF) and other investors also invested in this series A funding round, Clensta's said [...]

New Delhi, Dec 9 (PTI) TVS Motor Company on Thursday said it has tied up with Grupo Q for Nicaragua and Costa Rica markets, in a bid to further expand its business in Central America. Active Motors SA, a subsidiary of Grupo Q, will support the company with dedicated sales, service, spares and customer relationship [...]

Hyderabad, Dec 9 (PTI): Prestige BioPharma Ltd, a Singapore-based firm and Dr. Reddy's Laboratories Ltd., on Thursday announced that the two companies have entered into a binding agreement for an exclusive partnership for the supply and commercialisation of the former's proposed Trastuzumab biosimilar in select countries in Latin America and Southeast Asia. Prestige BioPharma's Trastuzumab [...]

New Delhi, Dec 8 (PTI) Indiabulls Housing Finance said its public issue of bonds will open on Thursday to raise up to Rs 1,000 crore, the proceeds of which will be utilised to fund its business growth. The issue has a base size of Rs 200 crore with an option to retain oversubscription up to [...]

Mumbai, Dec 8 (PTI) The Maharashtra Cabinet on Wednesday cleared a proposal to amend the relevant Act to charge stamp duty on approved plans of company merger or demerger under the Insolvency and Bankruptcy Code, 2016.An official statement issued after the weekly cabinet meeting said the government will amend the Maharashtra Stamp Act to facilitate [...]

Mumbai, Dec 8 (PTI) On-Demand intercity trucking marketplace Raaho has raised a total of Rs 17.8 crore from a set of investors and plans to to utilize the funds to expand its presence pan-India and make the product 100 per cent on-demand, the company said on Wednesday. Raaho raised Rs 5.3 crore in seed fund [...]

New Delhi, Dec 8 (PTI) Canadian billionaire Prem Watsa-backed Fairfax Group on Wednesday offloaded IIFL Finance shares worth over Rs 180 crore through an open market transaction.     According to bulk deal data available with NSE, Hamblin Watsa Investment Counsel (HWIC) Asia Fund, an affiliate of Fairfax Financial Holdings, sold 57,76,899 shares of IIFL Finance.    [...]

New Delhi, Dec 8 (PTI) IT firm HCL Technologies and Deutsche Apotheker- und Ärztebank eG (apoBank) - the largest cooperative primary bank in Germany - have signed an agreement to acquire IT consulting company Gesellschaft für Banksysteme GmbH (gbs). Post-closing, HCL Technologies will own 51 per cent while apoBank will own 49 per cent stake [...]

Mumbai, Dec 8 (PTI) Integrated EV charging solutions company Magenta on Wednesday said it has made "significant" investment in Hyderabad-based EV component maker Axiom Energy Conversion. Magenta, however, did not disclose the amount of its investment in Axiom, which is aimed at achieving the company's ambition to become an exclusive destination for end-to-end EV solutions. [...]

Mumbai, Dec 8 (PTI) Technology start-up Exponent Energy said on Wednesday it has secured USD 5 million in a pre-Series-A round of funding led by existing investor YourNest VC, as it looks to offer a 15-minute rapid charge in the market by early 2022. The latest round of funding also saw the participation of global [...]

New Delhi, Dec 8 (PTI) Shares of Brightcom Group jumped nearly 5 per cent to hit the upper circuit limit on Wednesday after the company announced the acquisition of Vuchi Media Pvt Ltd. Vuchi Media operates under the brand name of MediaMint. On BSE, the stock surged 4.98 per cent to hit the upper circuit [...]

Kolkata, Dec 8 (PTI) Leading private sector lender Axis Bank on Wednesday said it signed a memorandum of understanding (MoU) with the Kolkata Police, offering a package with benefits and features under "Power Salute", a salary account designed for the personnel of the force.Under this initiative, Axis Bank will offer personal accidental cover of up [...]

Bengaluru, Dec 8 (PTI) Direct-to-consumer dental-tech start-up 'Snazzy' on Wednesday said it has raised a USD 2.2 million seed funding round from YCombinator, Form Capital, Goodwater Capital, and ANIM Fund. The round saw participation from several angel investors such as Kunal Shah (Founder, CRED), Bobby Goodlatte (Stripe and coinbase angel investor), Eric Idiahi (Partner, Verod [...]

New Delhi, Dec 7 (PTI) Industry body CII has urged the government to consider replacing bank guarantees with surety bonds in the infrastructure sector and also develop the municipal bond market so that urban local bodies can raise funds. In its recommendations for the forthcoming Union Budget 2022-23, the chamber also said asked the government [...]

New Delhi, Dec 7 (PTI) Brightcom Group on Tuesday said it will acquire Vuchi Media Private Limited, which operates end-to-end digital consulting services firm 'MediaMint', for about Rs 566 crore. "Brightcom Group acquired 100 per cent of MediaMint for about Rs 566 crores in cash and stock," a regulatory filing said. Of this, Rs 360 [...]

Hyderabad, Dec 7 (PTI): Brightcom Group Limited an Ad-Tech industry player on Tuesday announced the signing of a definitive share purchase agreement to acquire 100 per cent of Vuchi Media Private Limited, operating under the brand name of MediaMint for about Rs 566 crore. According to a press release issued by the city-based firm, the [...]

Mumbai, Dec 7 (PTI) Digital insurance broker Probus Insurance Broker has raised USD 6.7 million in a funding round led by the Switzerland-based Blue Orchard Impact Investment Managers. The company, which did not reveal the names of other investors, said it will deploy the capital in technology and to expand its presence across geographies. Blue [...]

New Delhi, Dec 7 (PTI) The National Company Law Tribunal (NCLT) has permitted the withdrawal of the insolvency proceedings initiated against MGF Developments after the realty firm settled the dues with its financial creditors - homebuyers of a project. On November 30, the NCLT had directed to initiate Corporate Insolvency Resolution Process (CIRP) after terming [...]

New Delhi, Dec 7 (PTI) FMCG major Nestle India on Tuesday said it has received approval from the government for the production-linked incentive (PLI) scheme for processed fruits and vegetables. In June 2021, the company had submitted its proposal towards the Indian government's PLI for the food processing sector under the eligible categories of ready-to-eat/ready-to-cook [...]

New Delhi, Dec 7 (PTI) Agritech startup AgroStar has raised USD 70 million (around Rs 527 crore) from investors Evolvence, Schroders Capital, Hero Enterprise and UK’s development finance institution CDC to expand its business across India and future growth, its founder and CEO Shardul Sheth said on Tuesday.The round also saw participation from existing investors [...]

Mumbai, Dec 7 (PTI) Online pre-owned car selling platform Spinny on Tuesday said it has raised USD 283 million in Series E round of funding from a mix of both new and existing investors, giving it a valuation of USD 1.8 billion. The fresh capital will be deployed towards further stepping up the customer experience, [...]

Mumbai, Dec 7 (PTI) Welspun One Logistics Parks (WOLP) on Tuesday announced the acquisition of 40 acres of land near Bengaluru to set up around 1-million sq ft of a large-scale warehousing facility at an investment of Rs 300 crore to service Bengaluru Metropolitan Region (BMR).This is the first of six projects as part of [...]

New Delhi, Dec 7 (PTI) Biotechnology major Biocon on Tuesday said it has inked a pact with Saudi Arabia-based drug firm Tabuk Pharmaceutical Manufacturing Company to commercialise select speciality products in the Middle East region.Tabuk Pharmaceutical Manufacturing Company is a fully-owned subsidiary of Astra Industrial Group, a leading pharmaceutical company in the Middle East and [...]

New Delhi, Dec 6 (PTI) InterGlobe Aviation, the parent of the country's largest airline IndiGo, will convene a shareholders' meeting on December 30 to amend the company's Articles of Association (AoA) following a joint request from its promoters. The promoters -- Rahul Bhatia and Rakesh Gangwal -- together with their related entities and individuals own [...]

Hyderabad, Dec 6 (PTI) GSS Infotech limited on Monday said its Board of Directors approved the 100 per cent acquisition of "farm to store" company Polimeraas, with a combination of stock and cash. A press release from GSS Infotech said Polimeraas is valued at Rs 250 crore. The merger of Polimeraas Agros with GSS Infotech [...]

New Delhi, Dec 6 (PTI) Realty firm Godrej Properties Ltd on Monday said it has entered into a joint venture (JV) with TDI group to build a luxury housing project at Connaught Place in Central Delhi.In a regulatory filing, Godrej Properties informed that the project would have a development potential of about 1.25 lakh square [...]

Kolkata, Dec 5 (PTI) RSWM Ltd, a group company of the LNJ Bhilwara, is foraying into knitted fabric in line with the demand trend which will contribute Rs 800 crore to its topline over the next two to three years, a senior company official said on Sunday. One of the largest makers and exporters of [...]

New Delhi, Dec 5 (PTI) With input costs continuing to rise, automakers like Tata Motors, Honda and Renault are looking to increase vehicle prices from January next year to offset the impact. Already, car market leader Maruti Suzuki and luxury automakers Audi and Mercedes-Benz have announced to hike vehicle prices from next month. While Maruti [...]

New Delhi, Dec 4 (PTI) Indiabulls Housing Finance on Saturday said it will raise up to Rs 1,000 crore through a public issue of bonds that opens next week. The base issue size of the bonds, in the nature of secured redeemable non-convertible debentures (NCDs), is of Rs 200 crore with an option to retain [...]

New Delhi, Dec 4 (PTI) Direct-to-Home service provider Dish TV, which is facing a notice from its largest shareholder Yes Bank to reconstitute its board, has said it would convene its Annual General Meeting on December 30. "The board of directors of the company vide circular resolution dated December 3, 2021 have approved the convening [...]

New Delhi, Dec 4 (PTI) Union Labour Minister Bhupender Yadav on Saturday launched annual preventive health check-up programme for Employees' State Insurance Corporation's insured members aged 40 years and above in pilot mode at ESI hospitals in Ahmedabad, Faridabad, Hyderabad and Kolkatta. Besides, in the ESIC's 186th meeting here chaired by Yadav, a proposal was [...]

New Delhi, Dec 3 (PTI) Mangalore Refinery and Petrochemicals Ltd on Friday said it has received board approval to acquire compulsory convertible debentures worth up to Rs 1,000 crore issued by its subsidiary ONGC Mangalore Petrochemicals Limited (OMPL). "...the Board has approved...acquisition of up to 100% of CCD issued by OMPL, a wholly owned subsidiary [...]

New Delhi, Dec 3 (PTI) Healthcare provider Narayana Hrudayalaya has joined hands with Ritesh Properties and Industries to set up a 225-bed multi-specialty hospital in Ludhiana, Punjab.As per a joint statement issued by the two companies, the hospital would come up at the Ludhiana-Chandigarh highway.Spread over 2 lakh square feet, the the hospital is expected [...]

COLOMBO, Sri Lanka and MUMBAI, India, Dec. 3, 2021 /PRNewswire/ -- The Lanka Premier League (LPL) Kandy-based franchise has new owners as Vernost Marketing Technology Solutions CEO Pankaj Tripathi and Safexpay Founder and CEO Ravi Gupta have stepped forward to co-own the franchise in the upcoming second season of the premier T20 tournament of the [...]

Mumbai, Dec 3 (PTI) Jet Airways, which is preparing to relaunch operations next year, on Friday said it is in "advanced discussions" with Boeing and Airbus for buying and leasing planes. The grounded airline has been acquired by Murarilal Jalan-Kalrock Capital consortium under the insolvency resolution process. The ongoing discussions are part of the grounded [...]

Mumbai, Dec 3 (PTI) Jet Airways, which is preparing to relaunch operations next year, on Friday said it is in "advanced discussions" with Boeing and Airbus for buying and leasing planes. The grounded airline has been acquired by Murarilal Jalan-Kalrock Capital consortium under the insolvency resolution process. The ongoing discussions are part of the grounded [...]

Mumbai, Dec 2 (PTI) The RBI on Thursday filed an application for initiation of Corporate Insolvency Resolution Process (CIRP) against debt-ridden Reliance Capital at the Mumbai bench of the National Company Law Tribunal. The Reserve Bank had on November 29 superseded the board of Anil Ambani-promoted Reliance Capital Ltd (RCL) in view of payment defaults [...]

Mumbai, Dec 2 (PTI) End-to-end drone solutions startup Aarav Unmanned Systems (AUS) on Thursday said it has acquired software solutions provider Algopixel Technologies for an undisclosed amount.The acquisition will accelerate AUS' journey towards building robust and scalable end-to-end solutions for sectors like mining, infrastructure, land records, and precision farming, the platform said in a release.The Bengaluru-based [...]

New Delhi, Dec 2 (PTI) MYRE Capital, which facilitates investors to have fractional ownership of commercial properties, has raised Rs 31 crore from high net-worth individuals for the purchase of nearly 18,000 square feet of office space in Mumbai and announced that its asset under management (AUM) has crossed Rs 100 crore mark. Mumbai-based MYRE [...]

New Delhi, Dec 2 (PTI) Agro-chemical firm Crystal Crop Protection Ltd (CCPL) on Thursday said it has completed the acquisition of four hybrid seeds -- cotton, mustard, pearl millet and grain sorghum -- from global life sciences firm Bayer in India. The seed business acquired by CCPL represents a very small portion of Bayer's Indian [...]

BANGALORE, India and DALLAS, Dec. 2, 2021 /PRNewswire/ -- Accolite Digital, the best-in-class digital transformation services provider, announced the acquisition of Abyeti Technologies, a leading provider of product engineering services to enterprise software product companies across multiple domains and technologies. Founded in 2012 and headquartered in Bangalore, India, Abyeti helps leading software product companies to [...]

New Delhi, Dec 1 (PTI) News broadcaster NDTV Ltd on Wednesday said its digital media business NDTV Convergence has inked a 10-year deal with Nasdaq-listed Taboola that can cumulatively enable garner a revenue of Rs 750 crore. In 2018, NDTV Convergence had signed a 5-year deal with Taboola, a global leader in powering recommendations for [...]

New Delhi, Dec 1 (PTI) Adani Transmission on Wednesday said its board has appointed Lisa Caroline MacCallum as an additional director (independent) from 30th November 2021. The board of directors of the company has, on the recommendation of the Nomination and Remuneration Committee, appointed Lisa Caroline MacCallum as an additional director (Non-Executive, Independent) with effect [...]

Marquee Investors like Winter Capital, ETS Strategic Capital, Disrupt ADQ, QIC, Calega and existing investor Man Capital show their trust in CollegeDekho’s business model and strong offerings in higher education Gurugram, Haryana, India (NewsVoir) CollegeDekho, India’s largest college admissions and higher education services platform, closes its Series B funding with Disrupt ADQ and QIC coming [...]

New Delhi, Dec 1 (PTI) CollegeDekho, an online college admissions and higher education services platform, on Wednesday said it has raised USD 35 million (about Rs 260 crore) and will use the funds to further improve its offerings for students and colleges both within the country and abroad. The company raised the fund from Winter [...]

Mumbai, Dec 1 (PTI) Sumitomo Mitsui Financial Group Inc on Wednesday said it has completed the purchase of a 74.9 per cent stake in Fullerton India Credit Company from Fullerton Financial Holdings Pte Ltd. The transaction was done on November 30, 2021, a company release said. However, the company did not disclose the financial details [...]

TROY, Mich. and CHENNAI, India, Dec. 1, 2021 /PRNewswire/ -- HTC Global Services today announced that its companies, including CareTech Solutions and Ciber Inc., are uniting under one name and one brand - HTC Global Services. As part of this effort, the company has adopted a new identity that embodies its renewed ambitions and aspirations. [...]

Johannesburg, Nov 30 (PTI) South African president Cyril Ramaphosa has welcomed a breakthrough deal between the country's Aspen Pharmacare and pharmaceutical multinational Johnson & Johnson for Covid-19 vaccines being manufactured in South Africa for distribution to the African continent as part of efforts to end vaccine inequality.“The effectiveness of our response as the African continent [...]

New Delhi, Nov 30 (PTI) Docprime, a fully-owned subsidiary of PB Fintech, has made a further investment of over Rs 10.8 crore in healthcare and wellness services provider Visit Health (VHPL) for a minority stake. The board of directors of PB Fintech approved the proposal at a meeting held on Tuesday (November 30, 2021), the [...]

New Delhi, Nov 30 (PTI) Digital skills training platform Simplilearn on Tuesday said it has completed its maiden Employee Stock Option Plan (ESOP) buyback worth Rs 48.74 crore. The company had offered active employees to liquidate up to 25 per cent of their vested ESOPs as part of this buyback, a statement said. With this, [...]

New Delhi, Nov 30 (PTI) Ugro Capital on Tuesday said it has raised Rs 150 crore by issuing bonds on a private placement basis.The company's Investment and Borrowing Committee has approved the allotment of 150 protected market linked non-convertible debentures aggregating to Rs 150 crore on a private placement basis, according to a regulatory filing.The [...]

Mumbai, Nov 30 (PTI) Edelweiss Financial Services Limited (EFSL) on Tuesday said it is looking to raise up to Rs 500 crore through issuance of secured redeemable non-convertible debentures (NCDs).The base size of the issue is Rs 200 crore with an option to retain over-subscription up to Rs 300 crore, the company said in a [...]

Mumbai, Nov 30 (PTI) A day after superseding the board of Anil Ambani promoted Reliance Capital, the Reserve Bank on Tuesday appointed a three-member Advisory Committee to assist the newly appointed administrator of the crisis-ridden NBFC. The RBI had appointed Nageswara Rao Y, former executive director, Bank of Maharashtra, as the administrator. Now, the RBI [...]

New Delhi, Nov 30 (PTI) US-based food major Cargill on Tuesday said it has acquired an edible oil refinery in Nellore, Andhra Pradesh, for USD 35 million and it is likely to be fully operational by May 2022. "Cargill's USD 35-million investment to acquire and upgrade the facility will significantly expand its edible oil production [...]

Mumbai, Nov 30 (PTI) Diversified financial service company Shriram Group on Tuesday announced its succession plan and creation of a board of management. Addressing the media, its Founder R Thyagaraan Tuesday said the promotership of the group has already been transferred to Shriram Ownership Trust (SOT). The board of management would comprise Shriram Capital Managing [...]

New Delhi, Nov 30 (PTI) Vehicle subscription and sharing platform, Myles Automotive Technologies on Tuesday announced the appointment of Amrish Bhargava as its new Chief Executive Officer (CEO).Prior to joining Myles, Bhargava was heading the auto division at Poonawalla Fincorp. His appointment is aligned with the company's long-term growth, Myles Automotive said in a statement.As [...]

Mumbai, Nov 30 (PTI) Landmark Capital on Tuesday announced the launch of Landmark Warehousing and Logistics Fund that targets a corpus of Rs 500 crore, with a green-shoe option of Rs 200 crore.The fund is launched with an objective to generate superior risk-adjusted returns by investing in high-quality Grade-A warehousing and logistics opportunities, a release [...]

New Delhi, Nov 30 (PTI) Edtech platform Adda247 on Tuesday said it has raised around USD 20 million (about Rs 150 crore) in a funding round led by WestBridge Capital. The Series B funding round also saw participation from existing investors, including Info Edge, Asha Impact and JM Financials, the company said in a statement. [...]

New Delhi, Nov 29 (PTI) Direct-to-Home service provider Dish TV, which is facing a notice from its largest shareholder Yes Bank to reconstitute its board, has again postponed its Annual General Meeting for a month after getting regulatory approval. The company on Monday received approval from the Registrar of Companies, Mumbai over its plea to [...]

New Delhi, Nov 29 (PTI) Moody's Investors Service on Monday said it has assigned a first-time B3 corporate family rating (CFR) to ANI Technologies, which operates ride hailing service Ola.Moody's CFRs are opinions of a corporate family's ability to honour all of its financial obligations.It has also assigned a B3 rating to the company's proposed [...]

Kolkata, Nov 29 (PTI) The government will receive around Rs 3,667 crore as an interim dividend from Coal India for the current 2021-22 fiscal, a company official said on Monday. The Maharatna PSU announced a 90 per cent interim dividend for FY22, and the total outgo for the purpose will be around Rs 5,546 crore, [...]

Mumbai, Nov 29 (PTI) The Reserve Bank on Monday superseded the board of Anil Ambani promoted Reliance Capital Ltd (RCL) and will shortly initiate bankruptcy proceedings against the debt-ridden NBFC in view of payment defaults and serious governance issues.Nageswar Rao Y (Ex-Executive Director, Bank of Maharashtra) has been appointed as the administrator of the company, [...]

Mumbai, Nov 29 (PTI) The Reserve Bank on Monday superseded the board of Anil Ambani promoted Reliance Capital Ltd (RCL) and will shortly initiate bankruptcy proceedings against the debt-ridden NBFC in view of payment defaults and serious governance issues.Nageswar Rao Y (Ex-Executive Director, Bank of Maharashtra) has been appointed as the administrator of the company, [...]

New Delhi, Nov 29 (PTI) The Asian Development Bank (ADB) on Monday said it has approved a loan of USD 125 million (around Rs 938 crore) for water supply and sanitation projects in Uttarakhand. The funds will be utilised to improve access to quality water supply and sanitation services in the Himalayan state, ADB said [...]

New Delhi, Nov 29 (PTI) Shares of Kotak Mahindra Bank on Monday gained nearly 3 per cent as insurance behemoth LIC will raise its stake in the private sector lender to nearly 10 per cent. The stock jumped 2.92 per cent to close at Rs 2,020.20 on the BSE. During the day, it gained 4.10 [...]

Mumbai, November 29, 2021: Warburg Pincus backed Parksons Packaging Limited, India’s largest independent folding carton manufacturer, today announced the acquisition of Manohar Packaging, a leading producer of folding cartons with a strong foothold in the premium segments of Alcoholic Beverages and Confectionery. Manohar Packaging, founded in 1994, is one of India’s top producers of carton [...]