Page 21 - Companies

Zypp Electric expects five-fold jump in turnover to Rs 25 crore

Launched in 2017, the Gurugram-based start-up earlier in September this year raised USD 7 million in Series-A funding round

Fearing the axe in 2022: Top CEOs sweat supply chain more than Covid

Big bosses are always worried about losing their jobs, especially at public companies, where the potential for a sudden adios comes with the cushy chair

Govt seeks comments on proposed changes to insolvency law

The amendments have been proposed by the Insolvency Law Committee (ILC)

Insurance broker Marsh increases stake in Marsh India from 49% to 92%

Global insurance broker and risk advisor Marsh on Thursday said it has raised its shareholding in Marsh India Insurance Brokers Pvt Ltd to 92 per cent from 49 per cent. Marsh India is a joint venture between Marsh International Holdings Inc and India-based Rampart Trust. The enhanced investment will enable Marsh to meet the increasingly complex needs of companies across all sectors of the fast-growing Indian economy and provide a platform from which it can further strengthen its presence in the future, a release said. As part of the transaction, which has been approved by the Insurance Regulatory and Development Authority of India (IRDAI), Marsh has acquired the additional stake from local partners, including the entire shareholding of the Rampart Trust, the release said. The company, however, did not disclose the financial details of the transaction. Marsh India has 18 branches in the country and serves over 5,500 corporate clients across all business sectors. Last year, the ...

China regulators nixes deal with Alibaba to share info, says report

Alibaba Cloud did not immediately report vulnerabilities in the popular, open-source logging framework Apache Log4j2 to China's telecommunications regulator

SPAC boom fizzles, investors cash out on big names

Shares of BuzzFeed, which merged with blank-check firm 890 5th Avenue Partners, have plunged 40 per cent since their debut on December 6

Health & fitness start-up Healthquad raises $1 mn from Pat Cummins, others

The fast bowler who is also the Test Captain for Australia will be the company's brand ambassador

Govt signs 140 mn euro loan agreement with KfW for energy sector reforms

The project will contribute to a more stable, secure and climate and environmentally friendly energy supply in India

Three senior executives quit financial services firm Paytm, says report

The Noida-based firm has seen several exits in the past two years

BluePi partners with Snowflake to enable the fast-growing BFSI sector

BluePi Solutions, an established player in data-driven solutions, today, announced the partnership withThis partnership is aimed to serve the financial sector in India, for liberating valued, siloed data and unlocking meaningful insights.Snowflake recently launched its financial services Data Cloud with more than 600 industry data partners, as well as large customers, such as BlackRock, Capital One and Western Union. The BFSI players can leverage Snowflake's Financial Services Data Cloud to launch new customer-centric products and services, build fintech platforms of the future and accelerate their regulatory compliance.With India set to become the third largest domestic banking sector by 2050, implementing the right technology will help accelerate the expected growth.Announcing the partnership, Pronam Chatterjee, Co-founder and CEO, BluePi Consulting, said, "We are indeed happy to partner Snowflake, the global technology leader in Data Cloud and consider this an important milestone ..

Macrotech ties up with Morgan Stanley to build warehousing project

Realty firm Macrotech Developers said it has partnered with Morgan Stanley Real Estate Investing to develop a premium warehousing project near Mumbai with an investment of Rs 600 crore.

Validus Wealth plans to grow AUM five times in next three years

The company has crossed the USD 1-billion mark in three years of operations

Indian firms take part in exhibition in Nepal to promote bilateral trade

Around 50 Indian companies are taking part in a three-day business exhibition in Nepal, aimed to promote Brand India and enhance bilateral trade and investment by creating awareness about trade opportunities available on both sides. The December 21-23 Enterprise India 2022 is being held at Bhrikutimandap Exhibition Hall in Kathmandu. Namgya Khampa, Chargs d'Affaires, Indian Embassy, opened the exhibition and interacted with the Indian and Nepali companies participating in the event. "She also encouraged the organisers to explore B2B partnerships with Nepali entrepreneurs in order to strengthen commercial ties between the two countries," according to a press release issued by the Indian Embassy on Wednesday. The event is being organised by the Confederation of Indian Industry (CII) with the support of Ministry of Commerce & Industry, Government of India. "The exhibition aims to promote Brand India and enhance bilateral trade and investment by creating awareness on business ...

Distribution and logistics startup Ripplr raises $12 mn in debt, equity

The pre-series- B funding round also saw participation from existing investors 3one4 Capital, Zephyr Peacock India Growth Fund, and Chand Family Office

58% of construction work in DRDO not completed on time between 2014-19: CAG

The national auditor found that 38 scientists of the DRDO were posted in the construction works department without the approval of the Ministry of Defence

Lifestyle, mobility brand Ninety One raises Rs 225 cr in Series A round

Following the capital injection, Ninety One, from AlphaVector (India), is now valued at Rs 1000 crore

Unbox Robotics raises $7 million in Series-A round led by 3one4 Capital

Supply chain robotics technology company Unbox Robotics announced on Wednesday it raised USD seven million in a Series-A round led by 3one4 Capital with participation from Sixth Sense Ventures and Redstart Labs (Info Edge). The round also saw participation from Unbox Robotics' founders Pramod Ghadge, Shahid Memon and its CPO Rohit Pitale, alongside its existing investors - US-based venture capital firm SOSV, Arali Ventures, WEH Ventures, BEENEXT, Karthik Bhat's Force Ventures, Dr Vijay Kedia (Kedia Securities), Aditya Singh (Stride Ventures) and Pavitar Singh (Sprinklr). Other investors who participated in the round include Rahul Chaudhary (Treebo Hotels), Nikhil Vora and Kathan Shah (Sixth Sense Ventures), and Veda VC, it said in a statement. "The funds raised will be primarily used to expand the team across functions, fulfil the customer demand internationally, R & D and expand to new geographies", it said. The company said it has already onboarded some of the largest ...

Zee Entertainment finalises deal with Sony's India unit to merge services

Sony's India unit and its local rival, Zee Entertainment, have finalised a deal to merge television channels, film assets and streaming platforms, Zee said on Wednesday.

Reliance General Insurance to soon launch nine sandbox approved products

The Reliance General Insurance Company said on Tuesday that it will soon come out with nine sandbox products to meet evolving consumer needs

ITC raises stake in Delectable Technologies to 27.34%

The company's shareholding in Delectable aggregates 27.34 per cent of its share capital on a fully diluted basis