Topics: Business

Drone maker ideaForge raises Rs 15 crore from BlackSoil

Homegrown drone maker ideaForge has raised Rs 15 crore from debt round investor BlackSoil. "The fund will be used for meeting the working capital requirements...

Siemens acquires 99.22% stake in C&S Electric Ltd

Siemens Ltd on Monday announced the acquisition of a 99.22 percent stake of C&S Electric Ltd from its promoters. In a filing with the exchange,...

Sterlite Technologies bags order worth $100 mn from Middle East and Africa

Telecom equipment manufacturer Sterlite Technologies Ltd (STL) has received an order worth $100 million from Middle-East and Africa for setting up a network and...

Hyundai Motor reports 26% increase in February sale

Automaker Hyundai Motor India has reported an increase of 24.6 percent in its total February sale to 61,800 units. Hyundai Motor India Limited (HMIL) in...

Reliance Industries invest additional $26.75 mn in skyTran Inc to acquire a majority share

Reliance Industries Ltd wholly-owned subsidiary Reliance Strategic Business Ventures (RSBVL) has acquired additional equity shares in skyTran Inc. In a filing with the exchange, Reliance...
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Uber partners with Amazon Pay to install safety screens in 40K Autos

In a bid to enhance the safety of riders and drivers, Global ride-hailing company Uber has partnered with Amazon Pay to install plastic safety...

AbhiBus partners with IRCTC to offer bus booking ticket facility

Online bus booking platform Abhibus has announced its partnership with Indian Railway Catering and Tourism Corporation (IRCTC) to offer a ticket booking facility to...

HDFC Bank, Kotak Mahindra Bank acquires 9.9 percent stake each in Ferbine

India-based leading private sector lenders HDFC Bank and Kotak Mahindra Bank have acquired 9.99 percent stake each in Ferbine Private Limited, a Pan-India Umbrella...

Bharti Airtel seeks shareholders nod to issue of 3.64 crore shares to Lion Meadow Investment

Telecom company Bharti Airtel on Friday said, "It will seek shareholders nod for the issuance of about 3.64 crore equity shares of the company...

Angel Broking tie-ups with Vested Finance to allow Indians to invest in U.S. stocks

India's leading stockbroker Angel Broking on Thursday, announced its partnership with Vested Finance to allow Indian Investors to invest in U.S. stocks and EFTS. In...
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Ola Electric commences construction of mega-factory in Tamil Nadu

Global mobility company Ola has commenced the construction of two-wheeler mega factory on its 500 acres site in Tamil Nadu. In December 2020, Ola announced...

Battery Smart raises undisclosed amount from Orios Venture Partners and Faad Network

India-based electric vehicle battery swapping stations for E-rickshaws, Battery Smart has raised an undisclosed amount in series seed round funding led by Orios Venture...

Tata Power raises Rs 900 crore through NCDs

Power Utility company Tata Power has raised Rs 900 crore through the issuance of non-convertible debentures (NCDs). In a filing with the exchange, Tata Power...

Bharti Airtel launches ads platform Airtel Ads

Bharti Airtel on February 24, announced the launch of its advertising platform 'Airtel Ads'. Bharti Airtel in its statement said, "Using Airtel's deep data science...

BlueShift raises $30 mn from Fort Ross Ventures, Avatar Growth Capital and others

San Francisco based AI-powered customer data platform BlueShift on Wednesday raised $30 million in series C financing led by Fort Ross Ventures along with...
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Orios Venture Partners Report: 44 Unicorn creates $106 billion value for Indian startup ecosystem

India's leading early-stage venture fund Orios Venture Partners has released a report on 'Indian Unicorns' which highlights the performance of the Unicorns across the...

Fisdom acquires IT return filing startup Tax2Win

Wealth management company Fisdom has announced the acquisition of online income tax return filing startup Tax2Win for an undisclosed amount. Speaking on the acquisition, Subramanya...

SBI Cards raises Rs 550 crore through bond issue

SBI Cards and payment services on February 22, said, "It has raised Rs 550 crore through issuance of bonds on a private placement basis." In...

REC Ltd Secures $500 million via Global Medium Term Note Program

Leading infrastructure finance company REC Ltd on Tuesday said, "It has raised $500 million through the issuance of notes under its $7 billion Global...

Innopreneurs picks 10 startups from India and neighboring countries for its 6th edition

Innopreneurs, a platform for start-up founders, entrepreneurs, and aspirants to showcase their ideas in action and reap the benefits of validation, networking, mentoring, and...
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Snapdeal supports FSSAI’s ‘Eat Right India’ initiative

India based value-focused e-commerce company Snapdeal on Monday announced its participation in the Ministry of Health & Welfare's 'Eat Right India' initiative led by...

FashionTech startup CouchFashion raises $150k from We Founder Circle

A B2B FashionTech startup CouchFashion has raised $150K in seed round funding from We Founder Circle. "The startup plans to use fresh funding for hiring,...

Vedanta CFO G R Arun Kumar steps down

Vedanta on February 20, 2021, announced that "G R Arun Kumar has resigned from the post of Chief Financial Officer." In a filing with the...

Zomato raises $250 mn from Kora Management, Fidelity and others

Online food delivery company Zomato has raised $250 million in primary round funding on a fully converted and diluted basis. Info Edge and investee in...

Rahul Gandhi says, “Agriculture is only business that belongs to million of Indians”

Congress leader and Member of Parliament Rahul Gandhi slammed Prime Minister Narendra Modi led Central Government on three farm laws that sparked a nationwide...
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Rapido launches rental services for multi-point trips in Bengaluru, and five other cities

India-based bike rental startup Rapido has announced the launch of rental services for multi-point trips in six cities including Bengaluru, Hyderabad, Delhi NCR, Chennai,...

L&T Power Transmission and distribution business bags ‘Large’ contracts

Engineering and construction company L&T on February 22 said, "Its power transmission and distribution business has bagged large domestic and international contracts. In a filing...

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...

UAE signs $1.3 billion defense deal

The United Arab Emirates (UAE) has signed a defense contract worth 5 billion dirhams (approx $1.3 billion) from local and international companies. Speaking on the...
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