Business news India: Latest India business news headlines today 16 March 2023

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Here’s today business news, the latest business news India today 16 March 2023

• One Impression, a global influencer marketing platform, is said to have raised $10 million in a Series A round of funding led by South Korean gaming major KRAFTON.
• BuyStars, a gaming platform, has reportedly raised $5 million in a pre-Series A round of funding led by Lumikai with participation from Chiratae and Leo Capital.
• According to Nazara Tech, the successful transfer of 60 billion rupees from Silver Valley Bank to other bank accounts.
• Shriram Finance Seeking To Sell $121 Million 15% Interest In Housing Arm: Report
• Report: Government Is Not Likely To Pull Tax Proposal On High-Value Life Insurance

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Latest business news India today 16 March 2023 – business news headlines today

• HealthPlix Technologies, which runs an AI-based medical records platform, has reportedly raised $22 million in its Series C round of funding led by Avataar Venture Partners and SIG Venture Capital.
• Gynoveda, an ayurveda-backed women’s healthcare startup, is said to have raised $10M in a Series A round of funding led by India Alternatives Fund.
• JioCinema has signed up cricketer Suryakumar Yadav as its brand ambassador.
• Jubilant FoodWorks is reportedly going to expand the presence of fried chicken brand Popeyes in India, owned by Restaurant Brands International of USA.
• Cognizant Technology Solutions Corp. paid about $3.8 million in severance payments to its former chief Brian Humphries; reported Mint.
• Vedanta Resources is said to have fully repaid $250 million in loans availed from Barclays Bank and Standard Chartered Bank.

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Latest business news India today 16 March 2023 – business news India today

• Mindspace Business Parks announced REIT level green bond issuance in India.
• Ramkrishna Forgings and Titagarh Wagons consortium has reportedly emerged as the lowest bidder for manufacturing and supply of approximately 1.6-million-wheel discs of different rolling stocks of Indian Railways over a period of 20 years at about 80,000 wheels per annum.
• HDFC Bank and Flipkart Wholesale announced the launch of industry-first co-branded credit card exclusively for Flipkart Wholesale members.
• Prozo, a supply chain startup, announced the opening of its new 23,000 sq. ft fulfillment centre in Village Khasarwara, Lucknow.
• Richemont, the Swiss luxury goods group, has reportedly partnered with the Tata group to launch its digital multi-brand boutique, TimeVallée, in the Indian market.
• Mahindra Susten, the renewables energy platform of the Mahindra Group, has reportedly started the process to launch InvIT (infrastructure investment trust).
• As per rating agency Crisil, only a third of India’s data users are likely to switch to 5G by March 2025, because of the high cost of the devices that support 5G and low near-term value proposition; reported ET.

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