LiveSiemens to Sell Its 50% Stake to Valeo
Siemens has announced that it is exiting its Valeo Siemens e-automotive joint venture in a deal that will increase its profits by over $342.60 million,...
Category : BUSINESS
RNEL Buys Additional 10.3% Stake in Sterling & Wilson Renewable
Reliance Industries, in communication to stock exchanges today, said that its subsidiary Reliance New Energy (RNEL) has acquired acquires an additional 10.37 per cent stake...
Nykaa’s Consolidated Profit Drops 58% to Rs 29 Crore
FSN E-Commerce Ventures Ltd, which owns online beauty and cosmetics retailer Nykaa, has reported a sharp 58 per cent decline in its consolidated net profit...
JSPL Posts 20% Steel Sales Growth in January 2022
On Wednesday, Jindal Steel and Power had reported “meaningful recovery” in steel sales, despite low railway rake availability. They stressed that sales volume registered a...
Xto10x Technologies Raises $25 Mn in Funding Round Led by Binny Bansal
Xto10x Technologies, a company that helps start-ups scale up, has raised $25 million in a funding round led by former Flipkart chief executive officer and...
Government Renews Licences of MoC, PHFI
The government said that the licences of Missionaries of Charity (MoC) and Public Health Foundation of India (PHFI) were renewed under section 32 of the...
SMC Signs MoUs With Praja Foundation and Azim Premji Foundation
SMC Signs MoUs With Praja Foundation and Azim Premji Foundation The Srinagar Municipal Corporation on Tuesday signed memoranda of understanding with Praja Foundation and Azim...
RBI Allows NBFCs to Issue Credit Cards
The Reserve Bank of India (RBI) is allowing some non-banking financial companies (NBFCs) to issue credit cards, but it will have strict conditions so that...
Ikea Backed Livspace Turns Uniicorn With $180 Million KKR-Led Funding
On Tuesday, India’s Livspace said it crossed the billion-dollar valuation mark after raising $180 million in a late-stage funding round led by KKR & Co....
Huawei Gets Rs 150 Cr Order From Bharti Airtel
Telecom gear company Huawei has bagged an around Rs 150 crore order to maintain Bharti Airtel’s transmission network, media reported. The order is part of...