Business news India: Latest India business news headlines today 17 June 2021

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Here’s today business news, the latest business news India today 17 June 2021.

  • BrowserStack, a software-testing platform, is said to have raised $200 million as part of its Series B round of funding led by BOND, a Silicon-Valley based VC firm, at a valuation of $4 billion.
  • FamPay, a fintech startup, is said to have raised $38 million as part of its Series A round of funding led by Elevation Capital.
  • Sterlite Power is said to have secured funding worth Rs.580 crores from REC Ltd for its Udupi Kasargode Transmission Project.

latest business news india today 17 june 2021

  • Microsoft Corp has named CEO Satya Nadella as its new Chairman. He will be taking over from John Thompson who took over from Bill Gates in 2014.
  • Ikea is opening online deliveries in Bengaluru.
  • Flipkart has reportedly added a new Fulfilment Centre in West Bengal spread over 2.2 Lakh sq.ft.

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  • Reportedly as per Trai latest data, Reliance Jio continues to maintain leadership in 4G with a 20.7 MB/second average download speed in May. Vodafone Idea topped the chart in upload speed with 6.7 Mbps.
  • Deutsch Bank has reportedly appointed Muffazal Arsiwalla as head of its M&A business in India.
  • Google is reportedly planning to roll out a new Search Console Insights tool which will provide creators an overview of how their content is performing.
  • Punjab & Sind Bank is reported to have declared Lanco Infratech Ltd as a fraud account with outstanding dues of Rs.215.17 crores.

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  • PNB Scam: CBI has reportedly filed a charge sheet against Sunil Verma, former international head of Gitanjali Group of Companies, and others in connection with the alleged fraud of over Rs.7,080 crores.
  • OnePlus has reportedly announced to further integrate with its sister smartphone brand OPPO.
  • Trai is reported to have launched a TV Channel Selector web portal for consumers who could not access its mobile phone app.
  • Anchor investor Bay Tree India Holdings I LLC has reportedly sold over a 2% stake in Yes Bank through open market transactions.
  • Whirlpool of India reported a 40.8% jump in its net profit for January-March 2021 quarter.
  • Jubilant FoodWorks operating Domino’s Pizza and Dunkin’ Donuts, reported over three-fold jump in its consolidated net profit at Rs 105.30 crore for the fourth quarter ended March 2021:BS

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