Author Archives
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CheQ Raises USD 10 Mn Led By Venture Highway To Launch Credit Management Platform
Advertisements Startup CheQ Digital has raised $10 million in a seed round led by Venture Highway and 3one4 Capital to primarily build its team, launch its product, and invest in technologies. Currently in stealth mode, “over the next few months”… Read More ›
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Gardening-Focused Hyperlocal Marketplace Urvann Raises INR 3 Cr In Seed Round Led By Inflection Point Ventures
Advertisements Gardening-focused hyperlocal marketplace Urvann has raised Rs.3 crore in a seed round led by the angel investment platform, Inflection Point Ventures (IPV). The funds raised will be utilized for the expansion of operations across the country. Founded by IIM-Ahmedabad… Read More ›
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HDFC Raises INR 4,000 Cr Via 21-Month Paper, Attracts Bids Of Over INR 70K Cr
Advertisements As the quarter draws to a close, fund raising by corporates and finance firms from the bond market is on the rise. Companies, including HDFC, Tata Capital Financial Services, LIC Housing Finance and Haldia Petrochem raised over Rs 6,000… Read More ›
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Officer’s Choice Whisky Maker Allied Blenders Files INR 2,000 Cr IPO Papers
Advertisements Allied Blenders and Distillers Ltd, the maker of Officer’s Choice whisky, has filed preliminary papers with the capital markets regulator Sebi to raise Rs 2,000 crore through an Initial Public Offering (IPO). The IPO comprises fresh issue of equity… Read More ›
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IOC To Invest INR 740 Cr To Raise Digboi Refinery Capacity In Assam
Advertisements State-owned Indian Oil Corporation (IOC) will invest over Rs 740 crore to raise the capacity of the nation’s oldest oil refinery at Digboi in Assam. In a stock exchange filing, IOC said its board has approved raising of Digboi… Read More ›
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Hyundai To Create New US Affiliate After USD 10.5 Bn Investment Pledge
Advertisements Hyundai Motor Group said on Thursday it is setting up a new investment affiliate in the US, in a follow-up to its pledge to invest $10.5 billion in the world’s largest economy. The new affiliate, tentatively named HMG Global,… Read More ›
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Sundram Fasteners Plans To Invest INR 100 Cr In Defence Biz Vertical
Advertisements Auto component maker Sundram Fasteners plans to invest Rs 100 crore in its defence business vertical in the next two years, company’s chairman Suresh Krishna said on Wednesday. Addressing the shareholders at the company’s 59th Annual General Meeting in… Read More ›
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CCI Approves Google-Bharti Airtel Deal
Advertisements Competition Commission of India (CCI) on Thursday approved Google’s proposed acquisition of a minority stake in telecom major Bharti Airtel. The deal has been cleared on the basis of modifications offered by the acquirer, according to an official release…. Read More ›
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NIIF Invests USD 300 Mn In DP World Container Terminal Subsidiary
Advertisements Indian government-promoted National Investment and Infrastructure Fund (NIIF) on Wednesday said it has invested USD 300 million or Rs 2,250 crore for a 22.5 per cent stake in Hindustan Ports, a local arm of UAE’s DP World. This is… Read More ›