Topics: Business News

Kirana Capital draws $10 million from IndusInd Bank

India settled lender to small business, Kirana Capital has raised $10 million from IndusInd Bank with a 100% guarantee from the U.S. International Development...

Former Governor of Bank of England Carney joins Stripe board

U.S.-based digital payment company Stripe Inc has announced the appointment of former governor of Bank of England (BOE), and Canadian Central Bank Mark Carney...

Thomas Cook India to raise up to Rs 450 crore through OCCRPS

The travel service company, Thomas Cook India has announced its plan to raise up to Rs 450 crore through issuance of Optionally Convertible Cumulative...

India signs $50 mn defense LoC agreement with the Maldives

Indian External Affairs Minister, S Jaishankar on his two days visit here to the Maldives on Saturday said, "India has signed a $50 million...

Karnataka Bank reports Rs 34.16 crore fraud against IL&FS Transportation to RBI

Karnataka Bank on Friday said, "It has informed the RBI regarding a fraud of Rs 34.16 crore in credit facility extended to IL&FS Transportation...
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Finance Minister Nirmala Sitharaman calls fuel price hike a vexatious issue

Speaking to the press on Saturday, Union Finance Minister Nirmala Sitharaman said, "Fuel price hike is a vexatious issue in which no answer except...

The impact of technology on Small to Medium size enterprises

The current business landscape across the globe is being led by digital technologies that are transforming the way systems and processes work. Business concepts...

Flipkart partners with Tamil Nadu trade body to promote small business grow

Walmart owned e-commerce company Flipkart has signed a memorandum of understanding (MoU) with Tamil Nadu Micro, Small Medium Enterprises Trade and Investment Promotion Bureau...

Honda appoints R&D head Toshihiro Mibe as its new Chief

Japanese automaker Honda Motor has announced the appointment of its research and development head Toshihiro Mibe as its new Chief Executive Officer. Toshihiro Mibe will...

“Received multiple interests for Pawan Hans,” says Govt

Department of Investment and Public Secretary Tuhin Kanta Pandey on February 18, said, "It has received multiple interests for helicopter company Pawan Hans." In a...
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DLF Cyber City Developers completes acquisition of 51.8% stake in Fairleaf Real Estate

DLF Cyber City Developers Ltd on Thursday announced that "It has completed the acquisition of 51.8 percent stake in Fairleaf Estate Private Ltd for...

IDFC First Bank board okays to raise Rs 3000 crore

Private sector financial institution, IDFC First Bank has said, "Its board has approved raising of up to Rs 3,000 crore through various modes." In a...

L&T secures orders to develop two units of Kudankulam Nuclear Power project

The leading infrastructure company Larsen and Toubro (L&T) on February 18 said, "L&T Construction has secured an order from Nuclear Power Corporation of India...

Vogo secures $11.5 mn from Lightrock, Kalaari and others

Two-wheeler rental service provider Vogo has raised $11.5 million in the extension of series C round from its existing investors including Light rock, Kalaari...

Arvind Fashion to attract Rs 200 crore via rights issue

Textile Company Arvind Fashion on Thursday said, "Its committee of directors has approved raising around Rs 200 crore through a rights issue." In a filing...
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Tata Group acquires online grocery startup BigBasket for Rs 9,500 crore

Tata Group has signed a deal to acquire BigBasket in a transaction valued at Rs 9,500 crore. According to the ET report, "The Tata Group...

PM Narendra Modi urges startup founders to not limit themselves with valuation and exits

Prime Minister Narendra Modi on Wednesday urged the startup founders to not limit themselves with valuation and exits but to focus on building long-lasting...

L&T Finance raises Rs 2,998 crore via right issue

L&T Finance Holdings Ltd (LTFH) on Wednesday said, "It has raised Rs 2,998 crore through a right issue." In a filing with the exchange, L&T...

Dubai based Gibraltar Technologies acquires HCL Infotech

Dubai-based technology company Gibraltar Technologies (GT) has announced the acquisition of HCL Infotech for 74.6 million dirhams. GT in its statement said, "The company along...

ICICI Bank invests over Rs 1 crore in Thillais Analytical

ICICI Bank on Tuesday said, "It has acquired 9.6 percent stake in Thillais Analytical Solutions Pvt Ltd." In a filing with the exchange, ICICI Bank...
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Ampere Electric to setup e-mobility manufacturing plant in Tamil Nadu

Electric Mobility Company Ampere Electric has announced a phased investment potential of Rs 700 crore over 10 years to set up an e-mobility manufacturing...

Govt receives Rs 310 cr by releasing shares in the Engineers India buyback program

Department of Investment and Management Secretary Tuhin Kanta Pandey on Tuesday said, "The Indian Government has received Rs 310 crore by releasing its shares...

Adidas AG announce to divest Reebok

Sportswear company Adidas AG on Feb 16 announced to divest its wholly-owned subsidiary brand Reebok after acquiring the company in 2006. Adidas AG in its...

WizKlub raises Rs 6 crore from Incubate Fund India

India-based edtech platform WizKlub has raised Rs 6 crore in pre-Series A round from its existing investor Incubate Fund India. "The startup plans to infuse...

Report: Byjus to acquire Toppr Technologies for $150 mn

India's leading online learning platform Byjus is reportedly acquiring its rival Toppr Technologies. Quoting sources familiar with the deal, Bloomberg on Monday reported, "Byjus is...
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Pencil draws $1 million in pre-Series A round

Mumbai based digital publisher Pencil has raised $1 million in pre-Series A round funding. Led by SOSV, along with Infection Point Ventures (IPV), and Artesian....

Geojit partners with Lotusdew to launch small, mid-cap basket using AI

Geojit Financial Services has announced its partnership with Loctusdew to launch small, mid-cap stock baskets that use behavioral finance and AI to identify dominant...

Reports: Panos Kakoullis to join Rolls Royce as CFO

Rolls Royce Holding Ltd will be appointing Former Deloitte partner Panos Kakoullis as its new Chief Financial Officer. According to the Sky News reports, "Rolls...

Ola to deploy ABB robotics and automation solutions at the electric scooter factory in India

Ola, one of the leading mobility companies in the world, today announced that it has selected ABB as one of its key partners for...

Pioneering Ventures becomes Innoterra, plans to help transform the global food ecosystem

Pioneering Ventures, a Swiss-Indian incubator of Agri, food, and technology businesses has announced the establishment of a new corporate entity Innoterra.  Consolidating its five successful...
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