BS Reporter
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Swiggy plans entry into community commerce with Swiggy Bazaar: Sources
Firm plans to leverage group buying model, puts out job postings on LinkedIn and Getwork for the upcoming vertical
 "Swiggy plans entry into community commerce with Swiggy Bazaar: Sources")
VerSe Innovation acquires social networking app GolBol for undisclosed sum
GolBol's entire team including co-founders will join VerSe to help accelerate the work being done to modernize and multiply the impact of Josh
 "VerSe Innovation acquires social networking app GolBol for undisclosed sum")
D2C jewellery brand Melorra raises $24 mn in funding round led by 9Unicorns
Melorra's vision is to bring the fast-fashion model into jewellery, where they launch a new collection every week and 75 designs every Friday
 "D2C jewellery brand Melorra raises $24 mn in funding round led by 9Unicorns")
Education startup Playto Labs raises Rs 4 cr in seed funding from IPV
The funds raised will be used in building a strong team and expanding its customer base
 "Education startup Playto Labs raises Rs 4 cr in seed funding from IPV")
Venture debt firm BlackSoil provides Rs 35 cr growth capital to 5 startups
Investor says unique business positioning of the five firms and ability to survive through adversities like Covid is what made them attractive propositions for BlackSoil
 "Venture debt firm BlackSoil provides Rs 35 cr growth capital to 5 startups")
Edtech firm Creative Galileo gets $2.5 mn in funding led by Kalaari Capital
Kalaari Capital's investment came from CXXO, an initiative to promote female founders in India's start-up ecosystem.
 "Edtech firm Creative Galileo gets $2.5 mn in funding led by Kalaari Capital")
Tax collections to foreign trade, economic recovery maintains momentum
Employment conditions and consumer sentiments have also improved dramatically, suggests CMIE data
 "Tax collections to foreign trade, economic recovery maintains momentum")
Union Cabinet likely to approve Gati Shakti master plan on Tuesday
Gati Shakti will be a digital platform that will bring 16 ministries to provide real-time access to information and data on various infrastructure projects
 "Union Cabinet likely to approve Gati Shakti master plan on Tuesday")
Tata Power jumps 8.3%, extends one-month run to over 46%
Latest surge comes on the back of RIL's acquisition of Sterling & Wilson, which is in solar energy space; potential inclusion in MSCI supports rise
 "Tata Power jumps 8.3%, extends one-month run to over 46%")
Reserve Bank of India retains advisory committee on Srei group companies
On October 04, 2021, RBI had constituted a three-member panel to assist Rajneesh Sharma, Administrator in discharge of his duties
 "Reserve Bank of India retains advisory committee on Srei group companies")
CCI penalises PMP Infratech, Rati Engg for rigging tender floated by GAIL
PMP Infratech fined Rs 25 lakh, Rati Engineering to pay Rs 2.5 lakh; personnel managing and controlled the two firms also penalised, cease-and-desist order passed
 "CCI penalises PMP Infratech, Rati Engg for rigging tender floated by GAIL")
Morgan Stanley names Anahita Tiwari head of India global in-house centres
She joins Morgan Stanley from JP Morgan Chase India where she was the head of Global Finance and Business Management and is a certified chartered accountant
 "Morgan Stanley names Anahita Tiwari head of India global in-house centres")
Unacademy-backed Graphy acquires edtech platform Spayee for $25 mn
Post acquisition, Spayee will continue to operate independently; it allows content creators to produce customised courses in audio and video, PDF documents, quizzes, assignments and live classes
 "Unacademy-backed Graphy acquires edtech platform Spayee for $25 mn")
F5 raises Rs 5 cr in pre-series A funding round led by Auxano Capital
F5 is building a hyper-local ecosystem around the daily workplace needs of the consumer
 "F5 raises Rs 5 cr in pre-series A funding round led by Auxano Capital")
ForeignAdmits raises Rs 3.4 cr in seed round led by Unicorn India Ventures
ForeignAdmits makes use of data-backed counseling process and peer-to-peer mentorship by international graduates and alumni networks
Denmark's Grundfos, Tata Projects tie up for environment, water projects
The deal was signed by both the companies in the presence of Prime Minister of Denmark, Mette Frederiksen and Danish Ambassador to India, Freddy Svane
 "Denmark's Grundfos, Tata Projects tie up for environment, water projects")
Tatas have liberty to refer new balance sheet to CAG-approved CA: TK Pandey
DIPAM Secretary says rescue missions such as Vande Bharat are on a cost recovery basis. Air India One has been transferred to the Indian Air Force. This will also be on a cost recovery basis
 "Tatas have liberty to refer new balance sheet to CAG-approved CA: TK Pandey")
Sensex regains 60,000 after RBI retains accommodative stance
Rate-sensitive banking and realty indices ended in the red, but auto closed with gains
 "Sensex regains 60,000 after RBI retains accommodative stance")
NCLT asks Zee Entertainment to file reply to Invesco plea by October 22
The move follows a NCLAT order on Thursday that granted ZEEL more time to file its reply
 "NCLT asks Zee Entertainment to file reply to Invesco plea by October 22")
RBI's fourth regulatory sandbox cohort is on prevention of financial frauds
The RBI has also decided to facilitate on-tap applications for themes of cohorts earlier closed
 "RBI's fourth regulatory sandbox cohort is on prevention of financial frauds")