E-commerce beauty startup Nykaa to raise USD 500 Mn through IPO
Date: 2021-08-04   Author: Pankaj Singh

Indian beauty startup Nykaa has reportedly planned to raise USD 500 million via its IPO (Initial Public Offering). This makes Nykaa the latest homegrown company to get listed on the domestic stock market. The Mumbai-ba...

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Oil Search and Santos to close a buyout deal worth A$8.4 billion
Date: 2021-08-03   Author: Pankaj Singh

Oil Search Ltd. has reportedly revealed its intention to recommend an updated buyout offer worth A$8.4 billion (USD 6.2 billion) from Santos Ltd. This deal will result in the creation of a top-20 global oil and gas com...

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Delhivery inks USD 200 million deal to acquire Spoton Logistics
Date: 2021-08-02   Author: Pankaj Singh

Delhivery, an IPO bound contemporary domestic logistics and supply chain company, has reportedly signed an acquisition agreement with rivals Spoton Logistics, through a USD 200 million deal. The deal is backed by major...

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Ashok Leyland plans USD 200 million investment in electric vehicles
Date: 2021-07-30   Author: Pankaj Singh

Ashok Leyland, the flagship firm of the Hinduja Group, has reportedly planned to invest around USD 200 million in electric vehicle ventures through Switch Mobility Ltd., the company’s UK-based arm, over the next ...

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Vir Biotechnology and GSK sign joint procurement agreement with the EU
Date: 2021-07-29   Author: Pankaj Singh

Vir Biotechnology Inc. and GlaxoSmithKline plc. have reportedly announced a Joint Procurement agreement with the European Commission to provide around 220,000 doses of sotrovimab. The investigational single-dose monocl...

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Grofers forays into instant deliveries following $120Mn Zomato funding
Date: 2021-07-28   Author: Pankaj Singh

Grofers, the online grocery delivery company, has reportedly delivered to around 7,000 households in under 15 minutes on July 26, according to Chief Executive Officer and Co-Founder Albinder Dhindsa. This development c...

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BDR Pharma signs agreement with DRDO to produce COVID-19 drug 2-DG
Date: 2021-07-27   Author: Pankaj Singh

BDR Pharma has reportedly signed a licensing agreement with the DRDO (Defence Research and Development Organisation) to produce, distribute, and promote COVID-19 drug 2-DG (2-Deoxy-D-Glucose) in India. ...

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IFC loans $250 million to HDFC to promote green housing in India
Date: 2021-07-26   Author: Pankaj Singh

HDFC Limited, an Indian financial services company, has reportedly received a loan worth $250 million from IFC (International Finance Corporation), a member of the World Bank Group. This loan has been provided with an ...

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BIAL inks partnership with IBM to furnish ‘Airport in a Box’ platform
Date: 2021-07-23   Author: Pankaj Singh

IBM Hybrid Cloud capabilities, Kyndryl, and Red Hat Automation services would potentially help BIAL improve the airport productivity One of the leading technology...

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Swiggy’s funding appetite increases the overall valuation to $5.5 billion
Date: 2021-07-22   Author: Pankaj Singh

With more on the plate now, one of the leading food delivery firms, Swiggy, has recently announced concluding its $1.25 billion funding round headed by SoftBank Vision Fund 2 and Prosus ...

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AMC to take over leases of two of LA’s most lucrative theatres
Date: 2021-07-21   Author: Pankaj Singh

World’s largest cinema chain, AMC Entertainment, has reportedly added two more locations to its portfolio. The company has apparently revealed that it would be signing a dea...

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Samsung introduces a 1,000-inch MicroLED display for commercial use
Date: 2021-07-20   Author: Pankaj Singh

Samsung Electronics Co. Ltd. has reportedly launched a new version of The Wall, a giant MicroLED display, which is approximately 1,000 inches in size. The new display will probably be used for commercial and business a...

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Rossari Biotech to announce the acquisition of Tristar Intermediates
Date: 2021-07-19   Author: Pankaj Singh

Specialty chemicals manufacturer, Rossari Biotech Ltd., has reportedly declared the acquisition of Tristar Intermediates for a stipulated value of Rs. 120 crore. This acquisition ...

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Reliance plans to acquire JustDial to reinforce local commerce
Date: 2021-07-16   Author: Pankaj Singh

Reliance Industries has reportedly planned to take control of JustDial, a local platform for business listings. The agreement could be secured at a price of around USD 800 million to USD 900 million. ...

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Reserve Bank of India bans Mastercard from adding new customers
Date: 2021-07-15   Author: Pankaj Singh

Mastercard has reportedly been barred indefinitely by the Reserve Bank of India (RBI) from issuing new credit, debit, or prepaid cards to customers. This ban has been raised owing to Mastercard’s non-compliance w...

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Carmaker Maruti Suzuki to raise price for Swift and all CNG models
Date: 2021-07-14   Author: Pankaj Singh

Maruti Suzuki India Ltd. has reportedly announced that it has hiked prices of Swift and all CNG variants owing to increasing input costs. The price hike, which is set to be about INR 15,000 for these models, was put in...

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Indian e-commerce giant Flipkart raises funding of USD 3.6 billion
Date: 2021-07-13   Author: Pankaj Singh

Flipkart, the Indian e-commerce company, reportedly raised fresh funds of USD 3.6 billion from global investors. This includes private equity, sovereign funds, and financial assistance from Walmart, Flipkart’s pa...

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Online travelling platform EaseMyTrip eyes 100% growth in 2021
Date: 2021-07-12   Author: Pankaj Singh

EaseMyTrip, an online travel solutions provider, is reportedly aiming for 100 percent growth in 2021. This comes along the heels of a gradual demand recovery for tourism in India. ...

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NHS Hospitals forced to cease operations due to impending third wave
Date: 2021-07-09   Author: Pankaj Singh

Hospitals in the U.K. are reportedly being forced to cancel operations, like cancer surgeries, with a surging number of COVID-19 patients and loss of hospital staff due to self-isolation. ...

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Visa confirms consumer spending worth $1 bn via crypto-linked cards
Date: 2021-07-08   Author: Pankaj Singh

Financial services company Visa has reportedly affirmed that consumers have spent around USD 1 billion worth of cryptocurrency on goods and services across the globe, using their crypto-linked cards in the first half o...

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Sumitomo Mitsui plans to acquire Fullerton India Credit Company
Date: 2021-07-07   Author: Pankaj Singh

Japan-based Sumitomo Mitsui Financial Group (SMFG) has reportedly announced plans to acquire the NBFC arm of Fullerton Financial Holdings (FFH), Fullerton India Credit Company (FICC). ...

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Paytm partners with Aditya Birla Finance to launch Postpaid Mini
Date: 2021-07-06   Author: Pankaj Singh

Fintech company Paytm has reportedly collaborated with Aditya Birla Finance Ltd. to launch Postpaid Mini. This will be an extension of its ‘Buy Now Pay Later’ service to make the credit system affordable fo...

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Australia’s biggest airport receives a buyout bid of USD 16.7 billion
Date: 2021-07-05   Author: Pankaj Singh

Sydney Airport Holdings Pty Ltd. has reportedly received a cash buyout bid of USD 16.7 billion from a syndicate of infrastructure investors. This activity caused the company shares to surge by over 38%. ...

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Wardwizard plans to unveil electric race bikes, scooters by December
Date: 2021-07-02   Author: Pankaj Singh

India-based Wardwizard Innovations and Mobility has reportedly decided to launch four electric scooters and electric race bikes by December 2021. The company also has plans to introduce a passenger three-wheeler by 202...

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Axis Bank signs a contract with AWS to transform digital banking
Date: 2021-07-01   Author: Pankaj Singh

Axis Bank, the third-largest private sector bank in India, has reportedly signed a multi-year contract with Amazon Web Services (AWS), to bolster the transformation of digital banking. ...

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Online beauty learning platform Airblack raises USD 5.2 million
Date: 2021-06-30   Author: Pankaj Singh

Airblack, an online makeup and beauty skills learning platform, has reportedly raised a Series A funding of USD 5.2 million. This round was co-led by Elevation Capital and Info Edge Ventures. ...

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ROCKI and Black Dog Music Partners Announce Music NFT Partnership
Date: 2021-06-29   Author: Pankaj Singh

Black Dog CEO Scott Kelly Becomes Advisor to ROCKI NEWS RELEASE BY BLACK DOG VENTURE PARTNERS Los Angeles, CA | 06/26/2021  ...

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Covishield excluded from EU’s Green Pass list for tourism & business
Date: 2021-06-28   Author: Pankaj Singh

Serum Institute of India-produced COVID-19 vaccine Covishield has been reportedly deemed ineligible to be included in the Green Pass list made by the European Union (EU). The Gree...

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Disney+ Hotstar opens 250 jobs for driving next growth phase in India
Date: 2021-06-25   Author: Pankaj Singh

Video streaming platform, Disney+ Hotstar, has reportedly opened over 250 jobs across various verticals and levels, intending to drive its next growth phase in the Indian market. ...

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IndiGo offers discount on seat fares to vaccinated passengers
Date: 2021-06-24   Author: Pankaj Singh

Interglobe Aviation-operated IndiGo airline has reportedly announced its intention to offer up to 10% discount on the base fare to passengers who have taken the COVID-19 jab. Indi...

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The Innovation Space expands investment for its accelerator program
Date: 2021-06-23   Author: Pankaj Singh

Delaware Innovation Space has reportedly declared its plans to offer an investment alternative to companies under its accelerator program Science Inc.TM All applicants of the Science Inc.TM accele...

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Google shuts down its exclusive startup space Campus in London
Date: 2021-06-22   Author: Pankaj Singh

Tech giant Google has reportedly closed its London startup space called Campus. The company has declared that it will not reopen Campus located in East London, after it was forced to shut owing to the COVID-19 outbreak...

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Adani Power announces acquisition of Essar Power’s 1,200 MW project
Date: 2021-06-21   Author: Pankaj Singh

The largest power producer in India, Adani Power Limited (APL), has reportedly announced its intention to acquire Essar Power’s 1,200 MW Mahan project situated in Singrauli, Madhya Pradesh. ...

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Serum planning to launch another COVID-19 vaccine by September
Date: 2021-06-18   Author: Pankaj Singh

Covishield manufacturer Serum Institute has reportedly planned to introduce Covovax, Novavax’s COVID-19 vaccine, in India by September 2021. This comes at the right time with the U.S. administration easing the regu...

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LTI enters definitive agreement to take over Pune-based Cuelogic
Date: 2021-06-17   Author: Pankaj Singh

Larsen & Toubro Infotech (LTI), an Indian IT solutions and services company, has reportedly inked a definitive agreement to acquire a Pune-based software products developer, Cuelogic Technologies. ...

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Accenture to scale engineering capabilities with acquisition of umlaut
Date: 2021-06-16   Author: Pankaj Singh

Accenture, a professional technology services company, has recently announced the acquisition of an advisory and fulfillment services provider, umlaut, to boost its engineering and services play. ...

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Immersive Labs receives Series C funding round of USD 75 million
Date: 2021-06-15   Author: Pankaj Singh

Cybersecurity training company, Immersive Labs has reportedly closed a Series C round of USD 75 million. This round was initiated by Insight Partners, the company’s new investors, along with Citi Ventures, Menlo ...

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Royal Enfield to launch new models in domestic & international markets
Date: 2021-06-14   Author: Pankaj Singh

Royal Enfield, an Indian motorcycle manufacturing company, is reportedly targeting to unveil an array of new models across the domestic and international markets in the current fiscal year. This upcoming launch will co...

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Ocugen pays $15M to Bharat Biotech to extend Covaxin rights in Canada
Date: 2021-06-09   Author: Pankaj Singh

Ocugen Inc, a biopharmaceutical company, has reportedly announced an upfront payment of $15 million to Bharat Biotech. This transaction is regarding the extension of the rights of Covaxin, a COVID-19 vaccine, to Canada...

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Tata Digital plans to invest $75 million in CureFit to scale offerings
Date: 2021-06-08   Author: Pankaj Singh

Tata Digital, an unlisted public company, has recently announced plans to invest over $75 million in a healthcare software provider, CureFit Healthcare Private Limited. Under the ...

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Dettol to replace handwash pack logo with COVID-19 protector stories
Date: 2021-06-07   Author: Pankaj Singh

Reckitt, the FMCG major which owns Dettol, has reportedly planned to replace its brand logo on hand wash packs with images of Indian COVID protectors and their inspirational stories. The company has initiated this acti...

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e-Commerce beauty brand Nykaa to go public with $4.5Bn valuation
Date: 2021-06-04   Author: Pankaj Singh

Nykaa, a beauty, wellness, and fashion products retailer, is reportedly targeting an Initial Public Offering (IPO) with a valuation of $4.5 billion in FY 2021, a hike from its earlier valuation of nearly $3 billion....

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Wise allows Indian users to remit money to 44 countries worldwide
Date: 2021-06-03   Author: Pankaj Singh

Wise, a financial technology company, has recently enabled Indian users to transfer money to 44 countries across the globe, including the UK, the U.S., Singapore, the UAE, and others in the eurozone. ...

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Thrasio-style Mensa Brands raises Series A funding of USD 50 million
Date: 2021-06-01   Author: Pankaj Singh

Ananth Narayanan, famous for founding Myntra, has reportedly formed a new company Mensa Brands, based on the model of American digital consumer goods venture Thrasio. Mensa Brands has reportedly raised a Series A fundi...

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Twitter ceases verification program a week after its relaunch
Date: 2021-05-31   Author: Pankaj Singh

Twitter has reportedly paused its verification program within just over a week of its relaunch. The company has stated that the number of requests received was more than anticipated, and it will first review requests c...

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BITS Pilani & IIMA graduates launch $1M fund to support startups
Date: 2021-05-28   Author: Pankaj Singh

Prateek Behera and Abhishek Sethi, graduates from BITS Pilani (Birla Institute of Technology and Sciences, Pilani) & IIMA (Indian Institute of Management, Ahmedabad), have recently launched a $1 million fund. This ...

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Koo bags $30 million in Series B funding round led by Tiger Global
Date: 2021-05-27   Author: Pankaj Singh

Koo, an Indian microblogging and social networking service, has reportedly secured $30 million in a Series B funding round from Tiger Global. The latest funding round also include...

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Zeta enters Indian unicorn territory by raising $1.45 bn in valuation
Date: 2021-05-26   Author: Pankaj Singh

Bengaluru-based banking technology startup, Zeta, has attained unicorn status, as it has reportedly closed $250 million from Softbank Vision Fund II in its Series C funding round, reaching a valuation of $1.45 billion....

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Kia Motors India rebrands as Kia India to offer sustainable solutions
Date: 2021-05-25   Author: Pankaj Singh

Kia Motors India, a subsidiary of Kia Corporation, has reportedly announced a new corporate name, Kia India. This initiative has been taken as a part of its new brand identity and purpose of ‘Movement that Inspir...

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Domino's India encounters data breach; 18cr user order details leaked
Date: 2021-05-24   Author: Pankaj Singh

Pizza delivery frontrunner, Domino's India, has reportedly suffered a huge data breach, exposing details of its nearly 18 crore users on the dark web. This breach comes days after a similar attack on Air India, lea...

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Oat drink firm Oatly raises $1.4Bn in its U.S. initial public offering
Date: 2021-05-21   Author: Pankaj Singh

Oatly Group AB, a Swedish oat drink company, has recently raised $1.4 billion in its IPO (initial public offering) in the U.S. The Swedish company is backed by investors such as r...

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PhonePe in talks for acquisition of Indian app store Indus OS
Date: 2021-05-20   Author: Pankaj Singh

Leading Indian Walmart-backed payments services company, PhonePe has reportedly progressed in its plans to take over Indus OS, a Samsung-empowered startup, which manages an eponymous and third-party Android app store. ...

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Maruti Suzuki-Zydus Hospitals unite to launch multi-specialty hospital
Date: 2021-05-19   Author: Pankaj Singh

Maruti Suzuki, an Indian automotive manufacturer, has reportedly inaugurated a multi-specialty hospital at Sitapur, Ahmedabad, via a partnership with Zydus Hospitals, a hospital chain in Gujarat. ...

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Reliance Jio to build a global submarine cable system to connect India
Date: 2021-05-18   Author: Pankaj Singh

Reliance Jio Infocomm, a leading Indian telecommunications company, has reportedly announced that it is planning to construct the world’s most expansive international submarine cable network that would by centere...

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Airtel to introduce new benefits to help its low-income subscribers
Date: 2021-05-17   Author: Pankaj Singh

Indian telecommunication services frontrunner, Bharti Airtel Limited or Airtel, has reportedly announced its intention to offer special benefits to its low-income customers use its network. Apparently, these benefits a...

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American Airlines adds stop to two long-haul flights from Charlotte
Date: 2021-05-12   Author: Pankaj Singh

American Airlines, a major American airline, has recently announced the addition of a stop to 2 long-haul flights from Charlotte, a city in North Carolina. The decision came amid a fuel supply shortage caused by the sh...

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StuDocu raises $50 million in Series B funding round led by Partech
Date: 2021-05-11   Author: Pankaj Singh

StuDocu, an Amsterdam-based startup, has reportedly bagged $50 million in a Series B funding round led by the French venture capital, Partech. The recent funding round happened along the heels of the company’s im...

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Hero MotoCorp to extend production shutdown at facilities in India
Date: 2021-05-10   Author: Pankaj Singh

Hero MotoCorp, a motorcycle and scooter manufacturer, has reportedly announced plans to extend the production shutdown across its manufacturing facilities in India. The decision comes amid the rapid surge in COVID-19-i...

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Qatar Airways shows continued interest in India’s ‘huge aviation market’
Date: 2021-05-07   Author: Pankaj Singh

Doha-based airline Qatar Airways has reportedly expressed its continued interest in partnering with IndiGo Airlines and Rahul Bhatia. The airline had previously attempted to ink a collaboration with the Tata Group four...

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CCEA offers its approval to IDBI Bank for strategic divestment
Date: 2021-05-06   Author: Pankaj Singh

The Cabinet Committee on Economic Affairs, or the CCEA, has recently granted its approval for the longtime pending strategic disinvestment plan of IDBI Bank Ltd. As per reports, the extent of the respective shareholdin...

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Twitter acquires Scroll to ramp up their subscription product
Date: 2021-05-05   Author: Pankaj Singh

Twitter has reportedly acquired Scroll, a subscription-based reading service that provides users an efficient way to read long-form web content by taking away ads and other pop-ups that can possibly slow the reading ex...

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Facebook donates $10M and rolls out Vaccine Finder tool in India
Date: 2021-05-04   Author: Pankaj Singh

Facebook, a social networking service company, has reportedly announced a grant of $10 million and rolled out a Vaccine Finder tool in India. These initiatives have been taken with an objective to support emergency res...

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Ola Electric plans to launch electric scooter in international markets
Date: 2021-05-03   Author: Pankaj Singh

Ola Electric, a transit services provider, is reportedly planning to launch its electric scooter in international markets such as Germany, Italy, and France in the fiscal year 2021. ...

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CCI approves Tata Group’s proposal to acquire 64.3% stake in BigBasket
Date: 2021-04-30   Author: Pankaj Singh

Competition Commission of India (CCI), the competition regulator, has recently approved the proposal of Tata Group to acquire a majority stake in BigBasket, an online grocery store. Following this approval, Tata Digita...

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Maruti Suzuki to shut Haryana plants to reroute oxygen for medical aid
Date: 2021-04-29   Author: Pankaj Singh

Indian automobile manufacturing frontrunner, Maruti Suzuki, has reportedly extended its maintenance shutdown period by a month. The company has made this move in order to divert the oxygen that is consumed by two of it...

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Hackers leak records of 20 million BigBasket users on cybercrime forum
Date: 2021-04-28   Author: Pankaj Singh

A database of over 20 million users of BigBasket, an online grocery delivery service, has allegedly been leaked on a cybercrime forum. This announcement came months after the grocery delivery company faced a massive da...

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Indian startup LEAD School raises $30 Mn to increase student reach
Date: 2021-04-27   Author: Pankaj Singh

LEAD School, an Indian startup, has reportedly raised USD 30 million in a latest round, for scaling its efforts in India, the second most populous nations of the world. The company helps in transforming and digitizing ...

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HCL plans to shift workload from India amid spike in COVID-19 cases
Date: 2021-04-26   Author: Pankaj Singh

HCL Technologies, an information technology company, has reportedly announced plans for a workload shift from India to other countries as the region is currently grappling with record-high COVID-19 cases.  The IT ...

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Inovo closes new fund on €54m, to scale Polish startups
Date: 2021-04-23   Author: Pankaj Singh

Through diverse global LPs, Inovo is able to offer portfolio companies greater range of global capital to help them scale. NEWS RELEASE BY INOVO ...

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Cityneon Raises S$235 Million; Well Positioned for Next Growth Chapter
Date: 2021-04-22   Author: Pankaj Singh

NEWS RELEASE BY CITYNEON SINGAPORE | April 21, 2021 07:00 AM Eastern Daylight Time The global experience enterta...

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Hero MotoCorp temporarily halts manufacturing with rising COVID-19 cases
Date: 2021-04-21   Author: Pankaj Singh

With escalating COVID-19 cases in what seems to be the second wave of the pandemic in India, leading two-wheeler manufacturer Hero MotoCorp has reportedly announced that the company will temporarily halt all its manufa...

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Predictmedix reveals Safe Entry Stations deployment at 4 office towers
Date: 2021-04-20   Author: Pankaj Singh

Predictmedix Inc., an artificial intelligence company, has reportedly announced the deployment of Safe Entry Stations at its four key office towers in Calgary and Edmonton. The deployment of this AI-po...

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Yellow Corporation to create employment opportunities in Irving, Texas
Date: 2021-04-19   Author: Pankaj Singh

Yellow Corporation is reportedly appointing new employees in Irving, Texas. The trucking company will be hosting an employment event on April 21st and 22nd   as it looks to fill jobs lik...

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Citigroup to close consumer banking operations across 13 markets
Date: 2021-04-16   Author: Pankaj Singh

Citigroup, an investment banking company, is reportedly making an exit from its consumer banking operations across 13 markets in the Middle East, Europe, and Asia. Following the closing of the operations in the selecte...

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Flipkart to acquire Cleartrip to enter travel and hospitality segment
Date: 2021-04-15   Author: Pankaj Singh

Flipkart, an e-Commerce platform, is reportedly set to acquire Cleartrip, a hotel and flight booking portal, over the next few days. The two companies are yet to make an official announcement on the upcoming acquisitio...

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Hero Group enters edtech industry through launch of Hero Vired
Date: 2021-04-14   Author: Pankaj Singh

Hero Group, a marketing company, has reportedly entered the edtech industry via the launch of Hero Vired, a platform led by Akshay Munjal, CEO & Founder. This platform has secured an initial investment of $10 milli...

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Clubhouse faces massive data leak of 1.3 million users on hacker forum
Date: 2021-04-12   Author: Pankaj Singh

Personal data of over 1.3 million users of Clubhouse, an invite-only social media app, has reportedly been leaked online on a hacker forum, according to reliable sources. The scraped data includes their profile names o...

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Bharti, Dixon to set-up a JV to make telecom products for Airtel
Date: 2021-04-09   Author: Pankaj Singh

Dixon, a contract manufacturing frontrunner in India, has reportedly struck an agreement with Bharti Enterprises Ltd. to establish a joint venture (JV) in order to create telecom and networking commodities. These inclu...

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API Holdings bags $350M in funding round from Prosus & TPG Growth
Date: 2021-04-08   Author: Pankaj Singh

API Holdings, the parent company of PharmEasy, has reportedly raised $350 million in a funding round led by TPG Growth and Prosus Ventures. The digital pharmacy company did not reveal its total valuation following the ...

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Cred secures $215M in Series D funding led by Falcon Edge & Coatue
Date: 2021-04-07   Author: Pankaj Singh

Cred, a fintech platform, has reportedly bagged $215 million in a Series D funding round, resulting in its total valuation of $2.2 billion. This funding round was led by Coatue and Falcon Edge Capital, along with parti...

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Tyler Technologies to acquire ReadySub solution for School Scheduling
Date: 2021-04-06   Author: Pankaj Singh

Largest software provider in the U.S., Tyler Technologies, has reportedly acquired a cloud-based platform, ReadySub, to offer support to school districts in filling substitute teacher assignments, absence tracking, as ...

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Hyundai completes durability tests of its 3-row SUV, Alcazar
Date: 2021-04-05   Author: Pankaj Singh

Hyundai, a South Korean automotive manufacturer, has recently announced the completion of the durability tests of its much-awaited, 3-row SUV, Alcazar. Alcazar will reportedly com...

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Grofers to bear vaccine cost for workers, families & contractual staff
Date: 2021-04-01   Author: Pankaj Singh

Grofers, a leading online grocery platform, has reportedly revealed that it would be covering the costs incurred for the COVID-19 vaccination for its employees, their family members, inclusive of parents, spouse, and t...

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Firstcry gets an investment of USD 315 from three private equity firms
Date: 2021-03-31   Author: Pankaj Singh

Firstcry, the children’s retailer firm, has reportedly received investments around USD 315 million from three private investors. This deal brings the company’s value to over USD 1.9-USD 2.1 billion. ...

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Mobikwik data leaked in biggest breach ever, company denies claims
Date: 2021-03-30   Author: Pankaj Singh

Mobikwik, a payment startup based in Gurugram, has reportedly faced a massive data breach which led to a leak of sensitive data of around 3.5 million users. This breach apparently includes over 36 million files. It con...

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Dream Sports secures $400 million in secondary funding prior to IPL
Date: 2021-03-26   Author: Pankaj Singh

Dream Sports, a sports technology company, has recently secured $400 million in a secondary funding round. TCV, Falcon Edge Capital, and D1 Capital Partners are buying out the stakes of Kalaari Capital and other privat...

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Indian social network app, Public raises a funding of USD 41 million
Date: 2021-03-25   Author: Pankaj Singh

This round of funding comes six months after securing a USD 35 million round, taking the startup’s valuation over USD 250 million Public, a ...

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Purplle raises $45M in funding from Sequoia Capital & other investors
Date: 2021-03-24   Author: Pankaj Singh

Purplle, an online store cosmetics store in India, has recently bagged $45 million in funding led by Sequoia Capital India and other existing investors namely JSW Ventures, Blume Ventures, and Verlinvest. The recent fu...

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Waterfund offers USD 50 Mn to agtech & water portfolio of OutCrowd
Date: 2021-03-23   Author: Pankaj Singh

The two companies have also collaborated for developing a water-centric platform Aquantos that will potentially publish Blue Bonds, which can prove beneficial to oceans ...

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TCN invests $10M in Zaara for ‘Algae –Seaweed Technology’ project
Date: 2021-03-22   Author: Pankaj Singh

Zaara Biotech, a biotechnology startup company, has reportedly secured a $10 million investment from TCN International Commerce LLC, a technology company based in the UAE. This investment is associated with the biotech...

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MyGlamm raises $24.1M in Series C funding from Wipro, Amazon & Ascent
Date: 2021-03-19   Author: Pankaj Singh

MyGlamm, an omnichannel beauty brand, has reportedly raised ?175 crore ($24.1 million) in a Series C funding round from investors namely Wipro Consumer, Amazon, and Ascent Capital. As per reliable reports, the latest f...

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Singapore set to launch freeze-dried Covid-19 PCR test kit soon
Date: 2021-03-18   Author: Pankaj Singh

According to credible reports, Singapore could use the popular food preservation technique of lyophilization to develop freeze-dried Covid-19 PCR (polymerase chain reaction) testing kit, which is expected to ease the s...

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Basware partners with auditing and consultancy firm PwC Germany
Date: 2021-03-17   Author: Pankaj Singh

Basware, a leading software company, has reportedly announced the addition of PwC Germany, an auditing and consultancy firm based in Germany, to its partner network. This new partnership has proven itself successful, e...

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Rogers inks $26Bn agreement to acquire Shaw’s Class A & Class B Shares
Date: 2021-03-16   Author: Pankaj Singh

Rogers Communications Inc. has recently reached an agreement with Shaw Communications Inc. to acquire all Shaw’s issued & outstanding Class A and Class B Shares at over $26 billion. This transaction value is ...

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SpaceX’s Falcon 9 rocket B1051 launches 60 Starlink satellite to orbit
Date: 2021-03-15   Author: Pankaj Singh

SpaceX, an American aerospace manufacturer, has recently launched a batch of 60 Starlink satellites into orbit abroad a Falcon 9 rocket, which nailed the landing at sea. The two-s...

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India to impose 40% customs tax on imports of solar equipment
Date: 2021-03-12   Author: Pankaj Singh

The renewable energy ministry of India has reportedly announced plans to start imposing a 40% customs tax on solar module imports from April 2022. This initiative has been taken with an aim to prevent the country&rsquo...

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Turtlemint raises $46M in fresh fundraising round from Jungle Ventures
Date: 2021-03-11   Author: Pankaj Singh

Turtlemint, a Mumbai-based insurtech startup, has reportedly raised around $46 million in a Series D fundraising led by Singapore-based venture capital firm, Jungle Ventures. This funding round will mark the 1st...

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JioBusiness introduces new connectivity & digital solutions for MSMBs
Date: 2021-03-10   Author: Pankaj Singh

The company has stated that the digital solution plans and connectivity prices will be around one-tenth of the existing market rate JioBusiness ha...

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Zo Hostels claims victory in 7% shareholding dispute with OYO
Date: 2021-03-09   Author: Pankaj Singh

The Arbitral Tribunal comprising AM Ahmadi, former Chief Justice of India, has reportedly delivered the legal verdict on Zo Hostels and OYO Hotels and Homes. The dispute between these two services was regarding their m...

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Windy Lakeside Investment to invest $109.2M for 0.49% stake in APSEZ
Date: 2021-03-08   Author: Pankaj Singh

Warburg Pincus, a private equity company, has recently announced that its affiliate company, Windy Lakeside Investment Limited, will make an investment of ?800 crore ($109.2 million). This significant investment has be...

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