Business

B2B Logistics platform Mojro Draws $3Mn for IAN Alpha Fund & Others

Bengaluru-based B2B logistics platform Mojro has raised $3 million in a Series A funding round led by IAN Alpha Fund (the second fund in...

Business Structure for Modern Entrepreneurs: What No One Explains Clearly

Modern entrepreneurs often obsess over product-market fit while neglecting the structural bones of their business. A brilliant idea is only as resilient as the...

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Interview: Muthoot Finance Dy MD Alexander George says, “Monthly customer transactions double to 8.25 lakh”

In an interview with TechGraph, Alexander George Muthoot - Deputy Managing Director of Muthoot Finance, said: "We have witnessed doubling of monthly customer transactions...

L&T Technology Services to acquire Texas based Orchestra Technology for $25 mn

India based engineering services company L&T Technology Services Limited (LTTS) has announced its plan to acquire Texas-based Orchestra Technology for $25 million. In a regulatory...

Tata Power bags order to develop 225 MW hybrid renewable power project

India based power utility company Tata Power on Thursday said, "It's subsidiary Tata Power Green Energy Limited (TPGEL), has received an LOA from Tata...

NSE: Zero transaction charges on commodity derivatives

India's leading stock exchange National Stock Exchange (NSE) has announced its plans to extend the zero transaction charge for trades done in the commodity...

RIL AGM: Google to invest Rs 33,737 crore in Jio platforms

Reliance Industries on Wednesday said, "Google will be investing Rs 33,737 crore for a 7.7 percent stake in Jio Platforms Limited." Speaking at the Reliance...

Apollo Tyres announces job cuts at Netherlands plant

Tyre manufacturing company Apollo Tyres has announced its plan to convert its Netherlands-based plant to convert the facility to cater to some specific segments. In...

Reliance Industries launches Chatbot for shareholders

In a bid to provide accurate information to the general public, shareholders, and others during the Annual General Meeting (AGM), Reliance Industries on Monday...

HDFC Ltd in Rs 45,000 crore cash hunt

Private sector lender, Housing Development Finance Corporation Ltd (HDFC Ltd) on Monday said, "It is planning to raise up to Rs 45,000 crore through...

Interview: Finolutions Wealthcare founder Apoorva Vora says, “There is no substitute for ‘being in touch’ in tough times”

When it comes to a B2B consulting firm that is working towards helping wealth managers to maximize their understanding and due diligence of the...

Interview: Vested Finance Co-founder Viram Shah says, “India deserves better access to global investment opportunities”

In a conversation with the TechGraph editorial team, Viram Shah, Co-founder & CEO of Vested Finance, said: "We use global brands such as Nike,...

Yes Bank Board approves fundraising plan through FPO

Private sector lender, Yes Bank on Tuesday announced that "Its board has approved the plan to raise funds through a further public offering (FPO)." In...

Torrent Power raises Rs 300 crore through NCDs

Torrent Power has raised Rs 300 crore through issuance of non-convertible debentures on a private basis. In a filing with the stock exchange, Torrent Power...

RPP Infra Projects secures two orders worth of Rs 66 crore

Tamil Nadu based developer RPP Infra Projects on Monday said, "It has secured two new orders worth of Rs 66 crores." In a filing with...

HDFC Bank records 25% increase in deposits at Rs 11,895 crore

An India-based private lender, HDFC Bank on Sunday, recorded an increase of 25 percent in its Q1 FY21 deposit at Rs 11,895 crore as...

Insolvency plea filed against IL&FS transportation’s Spanish arm ‘Elsamex SAU’

Mumbai based IL&FS Transportation on 3rd July said, "One of the lenders of its Spain-based subsidiary Elsamex SAU, has filed for insolvency." In a filing...

Muthoot Finance plans for a stock split

Muthoot Finance on Friday said, "It is planning to consider a sub-division/stock split of equity shares." In a filing with the stock exchange, the company...

Axis Bank to suspend UK subsidiary

Leading private sector bank, Axis Bank on Thursday announced its plan to shut down its UK subsidiary. In a filing with the exchange, the bank...

Tata Power Board approves to raise Rs 2,600 crore from its promoters

Leaders in Power Utility company, Tata Power on Thursday said, "Its board has approved a proposal to raise Rs 2,600 crore through issuance of...

JSPL to divest 100 percent stake of Oman-based subsidiary for $1 billion

Jindal Steel and Power Ltd (JSPL) has announced plans to sell its Oman-based subsidiary for over $1 billion (approx Rs 7,500 crore). In a statement...

Bank of Baroda to raise Rs 2,000 crore through bonds

Leading public sector lender, Bank of Baroda (BoB) has announced its plan to raise Rs 2,000 crore through issuance of bonds. In a filing with...

LIC Managing Director T C Suseel Kumar joins Axis Bank board

Private lender Axis Bank on Monday said, "The bank has appointed Managing Director of Life Insurance Corporation of India (LIC), T C Suseel Kumar...

Indian Bank board approves plan to raise Rs 5,000 crore via bond

India's leading public sector bank, India Bank on Monday said, "It plans to raise about Rs 5,000 crore through issuance of bonds." In a filing...

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred over Rs 1,500 crore in salaries and other benefits for medium and large enterprises." Launched...

U GRO Capital launches end-to-end lending platform ‘Sanjeevani’ to help 500,000 MSMEs

In a bid to help the pandemic hit MSMEs, U GRO Capital, a Mumbai-based fintech company, on Saturday announced the launch of "Its end-to-end...

Carlyle Group picks 20 percent share in Piramal Pharma for $490 million

Piramal Enterprises Limited on Saturday said, "Global investment firm Carlyle Group has agreed to invest around $490 million to pick 20 percent stake in...

HUDCO records 87 percent increase in Q4 profit at Rs 440.91 crore

State-run finance provider HUDCO on 26 June reported an 87 percent increase in its consolidated net profit to Rs 440.91 crore for Q4. In a...

Glenmark Pharma records 36.28% increase in Q4 profit at Rs 220 crore

Mumbai-based drugmaker Glenmark Pharma on Friday said, "It has reported a 36.28 percent increase in its consolidated net profit to Rs 220.3 crore in...

Yandex agrees with Sberbank to reorganize Yandex Market and Yandex Money

Russian technology giant Yandex on Thursday said, "It has entered into a binding agreement with Sberbank to reorganize two of their joint ventures: Yandex.Market,...

Increasing Cases and United States ‘Carousel Retaliation’ spooks risk sentiment

The risk sentiment was souring as US trade representatives had proposed imposing tariffs on USD 3.1bn of imports from France, Germany, Spain, and the...

Metropolis Healthcare promoter divested 6.03 percent shares for Rs 422.58 crore

Mumbai-based diagnostic company Metropolis Healthcare has said, "Its promoter has divested 6.03 percent shares in the company for Rs 422.58 crore." In a filing with...

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