Page 239 - Bs Reporter/workspace/business Standard Web/undefined

Ankiti Bose steps down from Zilingo board, was fired from firm in May

Bose was fired from the Singapore-based B2B e-commerce startup company on May 20 on grounds of financial irregularities

Health ministry building two 50-bed hospitals for Amarnath Yatra pilgrims

Health professionals, including doctors and paramedics, from 11 states and union territories will be deployed in batches

Sundram Fasteners says it will invest around Rs 400 cr in next 2 years

Government's production linked incentive scheme will be good for the automotive sector, says firm

AquaExchange raises $3 mn from Endiya Partners, Accion Venture Lab

The company will deploy the capital in strengthening its technology, e-commerce operations & expanding its farm automation footprint to over 100,000 acres of farms by the end of FY23

Central banks need stronger communication in turbulent times: RBI governor

Even short-term forecasting has become a challenge due to pandemic, says Shaktikanta Das

Lenders get 57% dues from Imagicaa debt recast, Malpani picks 66.25% stake

Malpani Group acquired the stake by way of preferential allotment of equity shares worth Rs 415 crore.

Actis launches power biz after buying 49% stake in Shapoorji Pallonji unit

Actis announced Bridgin Power following its acquisition of a 49 per cent stake in the Shapoorji Pallonji group's 220-MW combined cycle gas turbine power plant in Bhola region of Bangladesh

Retail tech firm Arzooo raises $70 mn in Series B led by Japan's SBI group

Existing investors Celesta Capital and 3 Lines VC also participated in this round, along with Trifecta Leaders Fund and Tony Xu, the Founder of Doordash

myTVS launches 'super app' offering range of aftermarket car services

The app can be used for car sales and leasing as well; membership costs Rs 4,999 for a three-year subscription

Mumbai, Delhi most expensive cities for expatriates in India: Mercer study

Among the cities, Kolkata has the lowest cost of daily necessities such as milk, breads, vegetables, etc., while Mumbai and New Delhi have the highest costs

Mumbai & Delhi most expensive cities for expatriates in India: Mercer Study

According to Mercer's 2022 Cost of Living survey, Mumbai (127) is the most costly city in India in terms of both living expenses and accommodation costs

Ruchi Soya Industries renamed Patanjali Foods with effect from June 24

In May, Ruchi Soya announced the acquisition of Patanjali Ayurved's entire food business for Rs 690 crore, in order to speed up its transition into an FMCG company

Share of Casa in total bank deposits rose to 44.8% in March 2022: RBI data

Seven states accounted for 63.3% of overall deposits; share of female holdings in incremental deposits more than doubled

Visa creates 100 mn card-on-file tokens following RBI norms last week

The landmark has been achieved in line with RBI's guidelines focusing on security and enhanced checkout experience, said Visa

ah! Ventures announces launch of angel fund with Rs 100 cr corpus

While the first close is expected within the next 60 days, the team's target is to be fully invested by the third year with potential winners

Low-profile billionaire philanthropist Pallonji Mistry passes away at 93

The chairman of the Shapoorji Pallonji Group, Mistry always kept a low profile and was often known as the "phantom of Bombay House" for his indirect influence over the Tata Group affairs

AI no longer fringe tech for Indian companies: Bain & Company report

India is also a global source of talent in data and AI skills; it produces 16 per cent of the world's AI talent pool, said the report

Sebi slaps Rs 12 cr penalty on Sahara group firms in OFCD issue matter

Asserts that by representing the OFCD as pvt placement, issuers deprived subscribers of various measures of investor protection

Moody's upgrades Tata Steel's outlook to 'positive' from 'stable'

Action reflects company's track record of delivering a solid operating show while maintaining conservative financial policies; firm is poised to reduce its debt by at least $1 billion in FY23

India-dedicated funds follow global EM trend as outflows hit $547 mn in May

In all, funds tracked by EPFR saw net outflows of $1.2 billion, accounting for nearly a fourth of $5.2 billion outflows by FPIs in May