BUSINESSDish TV Writes Off Rs 203 Crore Investment in WatchoNeha VermaJune 1, 2022June 1, 2022 by Neha VermaJune 1, 2022June 1, 202201110 On Monday, Dish TV India Ltd had decided to write off about 15 per cent of its investments in its OTT streaming app Watcho. In...
BUSINESSMudra Loans worth Rs 36,578 Crore Approved to 5.4 Mn Borrowers in FY22Neha VermaJune 1, 2022June 1, 2022 by Neha VermaJune 1, 2022June 1, 20220784 About Rs 36,578 crore loan was approved to 5.4 million borrowers under the PM Mudra Yojana (PMMY) in April-May. The loan has been disbursed to...
BUSINESSVI Issues Clarification on Reports of Amazon’s InvestmentNeha VermaJune 1, 2022June 1, 2022 by Neha VermaJune 1, 2022June 1, 20220995 On Wednesday, Vodafone Idea (VI) had issued a clarification of the telecom firm being with Amazon, private equity firms (PEs) for a Rs 20,000 crore...
BUSINESSStrideOne Raises Rs 250 Crore to Help Startups Meet Financing NeedsNeha VermaMay 31, 2022May 31, 2022 by Neha VermaMay 31, 2022May 31, 20220845 On Tuesday, StrideOne raised Rs 250 crore via a mix of equity (led by Elevar Equity) and debt from banks. StrideOne plans to introduce a...
BUSINESSAttero to Spend $1 Bn Over 5 Years on Battery Recycling PlantsNeha VermaMay 31, 2022May 31, 2022 by Neha VermaMay 31, 2022May 31, 202201256 Attero Recycling Pvt Ltd plans to invest $1 billion within five years, which has to build a lithium-ion battery recycling plant in Europe, the US...
BUSINESSSUGAR Cosmetics Closes $50 Million Series D FundingNeha VermaMay 31, 2022 by Neha VermaMay 31, 202201105 On Tuesday, India’s one of the largest beauty companies, SUGAR has closed a 50 million Series D fundraise led by the Asia fund of L...
BUSINESSAdani Enterprises Ltd Replaces Shree Cement in Nifty 50 indexNeha VermaMay 31, 2022May 31, 2022 by Neha VermaMay 31, 2022May 31, 202201158 Adani Enterprises Ltd is the part of Adani Group, which would dislodge Shree Cements in the Nifty 50 index as recorded data. During the Nifty’s...
WORLDWorld Bank to Disburse $700 Million to Crisis-Hit Sri Lanka: Finance MinisterNeha VermaMay 31, 2022May 31, 2022 by Neha VermaMay 31, 2022May 31, 20220977 The Foreign Minister of Sri Lanka has announced nearly $700 million World Bank will disburse Sri Lanka within the next few months. On Monday, the...
BUSINESSJubilant Foodworks Q4 Profit Falls 9%Neha VermaMay 30, 2022May 30, 2022 by Neha VermaMay 30, 2022May 30, 20220951 On Monday, Jubilant FoodWorks Ltd reported an 8.8 per cent decline in its consolidated net profit of Rs 96 crore in the financial year March...
BUSINESSM&M Shares Rally to Record High After Last QuarterNeha VermaMay 30, 2022May 30, 2022 by Neha VermaMay 30, 2022May 30, 20220931 On Monday trade, Mahindra & Mahindra (M&M) Ltd shares had risen to a record high of Rs 1,006 on the Bombay Stock Exchange (BSE) Rs...