Lulu Announced to Invest ₹500 Crore In Food Plant in Greater Noida
Lulu, the UAE-based retail company, announced setting up its export-oriented food and agriculture-produce processing park in Greater Noida, Uttar Pradesh, with an initial investment of Rs. 500 crore. At a formal function held at Uttar Pradesh Chief Minister Yogi Adityanath’s office in Lucknow, 20 acres of land was handed over to Yusuffali M A, Lulu…
John David
GlobalBees Joins Unicorn Club For its Thrasio-Like House of Brands
GlobalBees has joined the Unicorn club as the New Delhi headquarters firm to scale its Thrasio- like the house of Brands. Prem Invest, the investment firm controlled by Indian tycoon Azim Premji, led the nine-month-old startup’s Series B financing round, the young firm disclosed in a regulatory filing. Steadview Capital and existing investors ━ SoftBank…
TATA-Siemens Consortium to Develop Corridor For Pune Metro
A joint venture between TRIL Urban Private Limited (a Tata group company) and Siemens project venture GmbH (a subsidiary of Siemens Financial Service) under the Public-Private Partnership (PPP) route will develop the metro corridor from Hinjewadi to Shivajinagar. For this project, the joint venture, TATA and Siemens, formed a special company called Pune IT City…
Rakesh Jhunjhunwala and R K Damani to Buy 10% Stake in RBL Bank
Rakesh Jhunjhunwala, Ace investor, and R K Damani, D-Mart’s founder, have approached the Reserve Bank of India to acquire 10% stakes in the Ratnakar Bank Limited (RBL), according to the CNBC TV 18 report. The reports suggested by the channel that the RBI is in the process of examining the request. The news comes a…
Ex-executive of BYJU’s Chetna Gogia Appointed as CHRO at GoKwik
Former BYJU’s executive and HR Head at PolicyBazar, Chetna Gogia is now appointed as the New Cheif Human Resource Officer at GoKwik. GoKwik, an e-Commerce enablement company has appointed Chetna Gogia as the new CHRO. Here, she will be a key player in aiding to its growth path and complementing GoKwik all remote, people-centric culture. …
RBI Has Changed Online Payment Rules- Effective From New Year
Reserve Bank of India has Announced Changing the Guidelines for Merchants and Gateways. The Revised Online Payment Rules Will Be in Effect from January 1. Read This Post To Know Everything About Newly Amended Rules. With a bounce in digital payments in India, the chances of fraud have also increased. Online transactions are always prone…
Geetika Mehta, New Chief Human Resource Officer at ZebPay
ZebPay, a crypto asset exchange, announced hiring Geetika Mehta as a chief human resource officer (CHRO) on Monday. Before this, she was the Chief People Officer at Jubilant Industries and has played leadership roles in OYO, PUMA, Urban, and Ladder. Here, at ZebPay, she will be responsible for designing and implementing people strategy, cultural transformation,…
Shark Tank India- India’s First Business Reality Show
Starting a new business is exciting, but it is not as easy as it seems, especially when you are new to it. Following your passion, being a successful entrepreneur, if it is your dream, finally your wait is over. Sony Entertainment Television has released the Indian version of America’s popular business TV show ‘Shark Tank’. …
Indian Fintech Firm Razorpay Raises $375 Million; Valuation Gets Double
Indian fintech giant Razorpay has doubled its valuation from $3 billion in April to $7.5 billion to become India’s fastest-growing fintech firm. It raised $375 million in the first round of its series F funding, co-sponsor by hedge and private equity firms Lone Pine Capital, Alkeon Capital, and TCV. With this fundraise, the company’s value…
U.S. House Passes The Bill on Clamping Down China’s Product
The U.S. Senate passed legislation on Thursday to ban imports from China’s Xinjiang Region over concerns about forced labor. It is a part of Washington’s continued pushback against Beijing’s treatment of the country’s Uyghur Muslim minority. The legislation passed by unanimous voice vote, after lawmakers agrees on a compromise that eliminated differences between bills introduced…
