LiveMitsubishi Electric Partners with Tamil Nadu to Set Up Rs 1,895 Crore Manufacturing Plant
On Tuesday, Japan’s Mitsubishi Electric Corp signed an agreement with Tamil Nadu state government to set up a Rs 1,895 crore factory in India, a...
Category : BUSINESS
Supreme Court Upholds CCI’s Rs 202 Crore Fine Against Amazon
The Supreme Court (SC) has granted a stay of the Competition Commission of India (CCI) order for Amazon to pay a fine of Rs 202...
Stride Ventures Marks First Close of its Third Venture Debt at $100 Million
Stride Ventures marked the first close of its third fund at $100 million as the homegrown debt firm plans to capitalise on India’s increasing venture...
Three Adani Firms Lose Accreditation to UN-Backed Climate Group
Three Adani group companies, including Adani Green Energy Ltd, have lost recognition to the world’s leading arbitrator of corporate green goals in a blow to...
Razorpay to Shift Parent Firm to India from US Amid IPO Plans
On Tuesday, Y Combinator and Sequoia-backed fintech unicorn Razorpay announced that it is moving its parent entity to India from the US amid plans to...
Early-Stage VC Firm 3one4 Capital Closes its Fourth Fund at $200 Million
Early-stage venture capital firm 3one4 Capital has closed its fourth early-stage fund at $200 million (Rs 1,600 crore). The sixth fund was oversubscribed within 2.5...
Indian-origin Ex-Mastercard CEO Ajay Banga Confirmed as Next World Bank President
Ajay Banga, an Indian-origin business leader, has been named the next World Bank President. He will take over as President for the next five years...
ITC Acquires 39% Stake in Yoga Bar Owner Sproutlife Foods for Rs 175 Crore
FMCG major ITC has acquired a 39% stake in Sproutlife Foods by acquiring 2,443 equity shares of Rs 10 each and 7,215 mandatory convertible preference...
Broadcom Convinces EU Antitrust Regulators on $61 Billion VMware Deal
On Friday, US chipmaker Broadcom would convince EU antitrust regulators about the $61 billion bid for cloud computing firm VMware. It has triggered regulatory scrutiny...
Wadia Group Considers a One-time Settlement Offer in GoFirst Crisis
The beleaguered GoFirst airline owner Wadia Group plans to go for a one-time settlement with banks wherein creditors will take a “substantial haircut”, the media report mentioned....