Page 2143 - Company News
Baaz Bikes raises $2 mn in funding round led by Kalaari Capital
Baaz says it aims to solve the critical problems faced by gig delivery workers, i.e., long range requirements, rising petrol costs, lack of capex to buy bikes and heavy downtime due to maintenance
 "Baaz Bikes raises $2 mn in funding round led by Kalaari Capital")
Husk Power Systems bags $4 mn finance for rural microgrids in India
Smart Power India said its partner Husk Power Systems has bagged the largest-ever debt financing of $4 million for rural microgrids in India to construct 140 mini-grids in rural India.
 "Husk Power Systems bags $4 mn finance for rural microgrids in India")
IndiaMART invests Rs 91.42 cr, takes stake to 16.53% in Fleetx Technologies
Fleetx.io has raised a total of Rs 145 crore in this round, led by IndiaMART along with participation from existing investors IndiaQuotient and BEENEXT
 "IndiaMART invests Rs 91.42 cr, takes stake to 16.53% in Fleetx Technologies")
Hyundai Mobis to invest up to $6.72 billion on auto chips, robotics
Hyundai Mobis, the auto parts making unit of Hyundai Motor Group, plans to spend up to $6.72 billion in the next three years to bolster auto chips, mobility
 "Hyundai Mobis to invest up to $6.72 billion on auto chips, robotics")
Mahindra Finance raises Rs 300 cr by issuing bonds on pvt placement basis
Mahindra & Mahindra Financial Services said it has raised Rs 300 crore by issuing bonds on a private placement basis.
 "Mahindra Finance raises Rs 300 cr by issuing bonds on pvt placement basis")
ApplyBoard sees 52% jump in Indian students to the UK
According to the study, like Canada, the UK also witnesses Indian students preferring courses around business and management, while Math and Computer Science courses are next preferred
 "ApplyBoard sees 52% jump in Indian students to the UK")
LIC says PMJJBY policyholders are not eligible for 'quota benefits'
LIC issued a clarification saying Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscribers are not eligible to avail the benefits offered to policyholders in the proposed IPO
 "LIC says PMJJBY policyholders are not eligible for 'quota benefits'")
Warburg to buy minority stake in medical devices major Meril for $210 mn
Warburg Pincus has agreed to pick up a minority stake for $210 million (about Rs 1,575 crore) in Micro Life Sciences, the parent firm of the Meril Group
 "Warburg to buy minority stake in medical devices major Meril for $210 mn")
Cosmea Financial launches Torus Private Wealth; targets $1 bn in AUM
Sam Ghosh promoted Cosmea Financial Holdings (CFH) announced the launch of Torus Private Wealth with a target of achieving an asset base of $1 billion in the next 3 years.
 "Cosmea Financial launches Torus Private Wealth; targets $1 bn in AUM")
Indian Hotels expands presence in Uttarakhand with new resort
Indian Hotels Company Ltd (IHCL) announced the addition of its second hotel in Rishikesh with the signing of a new SeleQtions resort.
 "Indian Hotels expands presence in Uttarakhand with new resort")
sRide car-pooling app offers services without required approval: RBI
RBI cautioned the public against sRide car-pooling app saying the tech firm offers semi-closed (non-closed) pre-paid instrument (wallet) services without authorisation from the central bank.
 "sRide car-pooling app offers services without required approval: RBI")
Businesses need to adapt to new models, unconventional thinking: Munjal
Organisations need to adapt to new models and unconventional thinking going ahead, Hero MotoCorp Chairman and CEO Pawan Munjal said
 "Businesses need to adapt to new models, unconventional thinking: Munjal")
Captive MNC centres in India struggle as war for talent impacts sourcing
Only 10% of Global Capability Centres have tie-ups with educational institutes to source talent
 "Captive MNC centres in India struggle as war for talent impacts sourcing")
CCI seeks more information, likely delaying PayU's acquisition of Billdesk
The deal will help PayU become an online payment provider globally by total payment volume.
 "CCI seeks more information, likely delaying PayU's acquisition of Billdesk")
Influencer-marketing firm Adicube raises Rs 12 cr in pre-seed funding
Adicube gives brands access to more than 5,000 verified influencer profiles and offers transparency in costs.
 "Influencer-marketing firm Adicube raises Rs 12 cr in pre-seed funding")
Accenture to drive digital transformation at Aditya Birla Fashion
Accenture will develop an Enterprise resource planning system (ERP) to streamline business processes and accessibility of data across clothing brand's stores for Aditya Birla Fashion.
 "Accenture to drive digital transformation at Aditya Birla Fashion")
Bank of India says it can absorb mark-down of recapitalisation bonds
Lender makes statement as central bank expresses concern at the recapitalisation of state-owned lenders through zero-coupon bonds.
 "Bank of India says it can absorb mark-down of recapitalisation bonds")
Nokia to roll out 5G network in 2nd half of 2022 if auction happens in time
Most operators across the world are, in fact, still rolling out established networks
 "Nokia to roll out 5G network in 2nd half of 2022 if auction happens in time")
BNP Paribas Arbitrage buys L&T Finance Holdings shares worth Rs 413 cr
On Monday, shares of L&T Finance Holdings Ltd declined 1.82 per cent to close at Rs 70.05 on BSE
 "BNP Paribas Arbitrage buys L&T Finance Holdings shares worth Rs 413 cr")
SBI Life Insurance to reclassify BNP Paribas Cardif as non-promoter
SBI Life Insurance Company (SBI Life) on Monday said its promoter BNP Paribas Cardif, holding 0.2 per cent share capital, has requested to be reclassified as a public shareholder
 "SBI Life Insurance to reclassify BNP Paribas Cardif as non-promoter")