Business news India: Latest India business news headlines today 17 March 2023

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Here’s today business news, the latest business news India today 17 March 2023

• NCLT has reportedly allowed the Indian Performing Right Society, an operational Zee Entertainment Enterprises creditor, to withdraw its insolvency petition. The move will bring the company a step closer to its merger with a Sony Group entity for creating a $10-billion media platform.
• Lenskart Solutions announced signing definitive documents for a $500 million investment from the Abu Dhabi Investment Authority.
• Following BSE and NSE Freeze Promoters’ Shares, Patanjali Foods Drops 5%
• Nifty and Sensex open lower as Asian markets are alarmed by Credit Suisse
• RBI and the UAE Central Bank have agreed to cooperate more closely.

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Latest business news India today 17 March 2023 – business news headlines today

• Aerem, a solar tech platform, has reportedly raised $5 million in a pre-Series A funding round led by climate tech investor Avaana Capital. The funding round also saw the follow-on participation from Blume Ventures and debt financing of $1.5 million from financial institutions.
• Zouk, a D2C lifestyle brand, has reportedly raised $3 million in a Series A round of funding led by existing investor Stellaris Venture Partners.
• Tata Consultancy Services named K. Krithivasan as chief executive after Rajesh Gopinathan resigned.
• The Union government may defer the $4 billion IDBI Bank privatization plan over concerns that the unprecedented market volatility may deter prospective buyers; reported Mint.
• Vedanta on Thursday announced the appointment of Omar Davis as its President–Strategy, who has around 25 years of industry experience. He was earlier with Bank of America as global head of metals and mining for corporate and investment banking.
• Samvardhana Motherson International Ltd announced that its board has approved the acquisition of the remaining 50% cent stake in Fritzmeier Motherson Cabin Engineering Private Limited from F Holdings GmbH, Austria.

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Latest business news India today 17 March 2023 – business news India today

• Future Group founder Kishore Biyani has reportedly withdrawn his resignation from the role of executive chairman and director of Future Retail after the objection from RP.
• Patanjali Foods has reportedly said that it will start the process of launching a Follow-On Public Offering (FPO) in April to increase the public shareholding to 25 percent.
• IDFC FIRST Bank has entered into a three-year partnership with Mumbai Indians today as its official banking partner.
• Eris Lifesciences is said to have acquired nine dermatology brands from Dr Reddy’s Laboratories ₹275 crore to expand in the cosmetic dermatology business.
• Joy Personal Care, a skincare brand, has announced Disha Patani as an ambassador for its sunscreen category in India.
• Zee Entertainment Enterprises clarified in regards to reports stating that it will repay $10 million to IndusInd Bank. ZEEL called these reports “speculative in nature”; reported Mint

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