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Deeptech Startup Newtrace Secures $6.3 Mn in Pre-Series A Round

Bengaluru-based deeptech startup Newtrace has raised $6.3 million (INR 56.93 crore) in a pre-Series A funding round led by HDFC Bank and Mitsui Sumitomo...

Mozark Snaps $40 Mn In Series B Round Led by IFC and RMB Capitalworks

Mozark, a Singapore-based company specializing in digital experience testing and measurement, has raised $40 million in a Series B round led by International Finance...

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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...

Edtech startup Edhusk secures undisclosed funding from Mumbai Angels

Jaipur-based 1-on-1 personalized learning platform Edhusk has raised undisclosed funding from Mumbai Angel Network. Founded in 2017 by Anuj Bhuria, Himanshu Kumar & Himanshu Meena,...

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...

Assailants, Corona killing journalists in Indian subcontinent

As the year 2020 rolls on, the Indian subcontinent sets to improve in its journo-murder index with only two casualties this year to date. The...

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...

COVID-19: Congress leader Prithviraj Chavan hits on ICMR COVID-19 vaccine launch plan

Senior Congress leader and former Chief Minister of Prithviraj Chavan on Saturday criticized the ICMR Plan to launch coronavirus vaccine by August 15, 2020. https://twitter.com/prithvrj/status/1279323737163091969 Taking...

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...

“No legal route against government ban,” says TikTok

Short video platform TikTok said, "There is no plan to take legal route against the government ban, but instead will work with the government...

Defense tech startup Big Bang Boom Solutions seals $1 mn through Mumbai Angels

Chennai based defense tech startup Big Bang Boom Solutions (BBBS) has raised $1 million through Mumbai Angels Network in their overall $1.5 million in...

Kia Motor records 7,275 in June sale

Automobile company Kia Motors India said, "The company has sold 7,275 units in June." "The company has sold 7,114 units of Seltos and 161 units...

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...

Coronavirus: Health Minister Rajesh Tope: “No community spread in Maharashtra”

The Maharashtra Health Minister Rajesh Tope on Thursday said, "I think there is no community spread of coronavirus in the state." Speaking on the COVID-19...

“Opportunity for Indians to make good apps,” says Ravi Shankar Prasad

Electronics & IT Minister Ravi Shankar Prasad on Tuesday said, "It is a great opportunity to make good apps by Indians." Speaking at the Digital...

Joe Biden says, “Donald Trump surrendered to the pandemic”

Democratic presidential candidate Joe Biden said, "Our war-time president (Donald Trump) has surrendered to the pandemic." "Handling of coronavirus pandemic is 'historic mismanagement' Donald Trump,"...

Ex-Indigo president Aditya Ghosh joins FabIndia board

Fabindia has announced the appointment of the former president of IndiGo Aditya Ghosh as a member of its board of directors." In a statement issued,...

Coronavirus: “Situation in Delhi is not ‘TERRIBLE’ as predicted,” says CM Arvind Kejriwal

Delhi CM Arvind Kejriwal on Wednesday said, "The coronavirus situation in Delhi has been brought under control." Addressing the press via live conference, CM Kejriwal...

Denmark based startup Beyond Leather Materials raises €1.1 million from Rockstart and Vaekstfonden

A Denmark-based startup that produces plant-based eco-friendly alternatives to animal leather Beyond Leather Materials has raised €1.1 million in Series seed round funding from...

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...

European Union member states suspend PIA for 6 months

State-owned airline carrier Pakistan International Airlines (PIA) on Tuesday said, "It has been suspended from flying to European Union (EU) member states for the...

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...

‘Worst of Pandemic is yet to come,’ says WHO

Briefing the media on the Coronavirus update, World Health Organization's (WHO) Director-General, Dr. Tedros Adhanom Ghebreyesus on Monday said, "Worst of the COVID-19 pandemic...

China says, “India has a responsibility to uphold the rights of our business”

Briefing the media on Tuesday, Zhao Lijian, spokesperson of the Chinese Foreign Ministry said, "Chinese government always asks Chinese business to abide by international...

Government invites TikTok to submit its clarification on the ban

An hour after the Government of India announced the ban on 59 Chinese apps including Tik Tok, Helo, ShareIt, and UC News. The short video...

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...

Chinese App: Government of India bans 59 Chinese apps including UC News, Tik Tok, and Bigo

The Government of India on Monday announced the ban on 59 Chinese apps including UC News, Tik Tok, Bigo Live, and many others." In a...

Coronavirus: Delhi to get plasma bank for COVID-19 treatment

Chief Minister of Delhi, Arvind Kejriwal on Monday said, "The government is planning to set up a plasma bank to treat COVID-19 patients." Addressing the...

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