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TGL raises USD 1 mn for expansion

Press Trust of India  |  Mumbai 

The Good Life Company (TGL), a luxury start-up tea company offering over 300 varieties of blends, today said it has raised USD 1 million in their first round of funding.

The company is planning to use this fund for expanding its existing operations from to tier I cities like Delhi, and and to overseas markets like the US, UK, and the Middle East, TGL said in a release.

The funds are raised from restaurateur Abu Farhan Azmi and his wife Ayesha Takia Azmi.

----------------------------------------------- PNB MetLife, JKB launch Family Protection Savings Account

Private insurer PNB MetLife along with its partner (JKB) has announced the launch of JKB Family Protection Savings Account.

JKB Family Protection Savings Bank Account is a savings bank account with an element of protection built in, PNB MetLife said in a release.

"Digitisation is providing a huge impetus to financial inclusion. However, to deepen the impact and reach in challenging terrains such as Jammu and Kashmir, customised platforms and propositions are required. JKB Family Protection Savings Bank Account is a technology-based project leading to the launch of an integrated banking solution," PNB MetLife CIO Samrat Das said.

--------------------------------------- Orbis appoints two new board directors

Custodial services provider Orbis today announced the induction of two new members to its board - U R Bhat and Rajesh Narain Gupta as independent directors.

Bhat is an investment manager having managed foreign institutional investments in Indian equities for more than two decades, while Gupta is the managing partner at legal firm SNG Partners.

"Their (new directors) commitment will be key to the development of our business, and with the two experienced directors, Orbis is set to create higher benchmarks for the industry," Orbis chairman and managing director Atul Gupta said.

-------------------------------------------------- Godrej Properties, Taj partner for luxury hotel at The Trees

Real estate developers Godrej Properties (GPL) today said it has partnered with Taj Hotels Palaces Resorts Safaris to develop a hotel at its flagship project, The Trees here.

The Taj at The Trees will offer about 150 rooms and suites along with dining, entertainment, and conferencing facilities, a release said.

"We are thrilled to partner with Taj to create a luxury hotel at our flagship project. Our endeavour is to make The Trees India's most exciting mixed-use development and this partnership is an important milestone towards that goal," Godrej Properties Executive Chairman Pirojsha Godrej said.

ALTBalaji integrates Airtel Payments Bank

* ALTBalaji, the digital platform from Balaji Telefilms, has joined hands with Airtel Payments Bank to provide wallet services via Airtel Money to consumers.

"Convenient digital payments over mobile are an integral part of India's growing digital ecosystem and we are delighted to partner ALTBalaji to offer customers the convenience of making quick and secure cashless payments through Airtel Payments Bank," Airtel Payments Bank MD and CEO Shashi Arora said.

First Published: Mon, April 17 2017. 17:13 IST