Business news India: Latest India business news headlines today 19 October 2021

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Here’s today business news, the latest business news India today 19 October 2021.

  • Saas Labs has reportedly raised $17 million in a Series A round of funding from Base 10 Partners and Eight Roads Ventures.
  • Aviom India Housing Finance has reportedly raised $ 8 million as part of its Series-C equity financing from Sabre Partners to expand and grow its operations.
  • Automovill, a full-stack mobility startup, has reportedly raised an undisclosed amount of funds from AngelBay. The latest funding round also saw participation from various other investors like Santosh Chandra, CEO of Essar Oil & Gas Exploration and Production and executives from Google and PWC.

latest business news india today 19 october

  • D2C gold jewellery brand, Melorra, has expanded its offline footprints by opening a new store at the Phoenix Mall in Mumbai launched by its brand ambassador Shraddha Kapoor.
  • Equitas Small Finance Bank to raise ₹1000 crore via Qualified Institutions Placement to fulfil the regulatory norms regarding minimum public shareholding.
  • Embassy Office Parks REIT has reportedly raised ₹4600 crores in debt at an interest rate of 6.5% to refinance its existing borrowings of ₹4530 crores.

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Latest business news India today 19 October 2021 – business news headlines today

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  • India has added close to 10 unicorns in Q3 of 2021, racing ahead of many developed economies including China, UK and Canada. Reportedly as per PWC India, this is the first time investments in India crossing $10 billion in one quarter.
  • Bajaj Finserv has reportedly crossed the market capitalisation of ₹3 trillion for the first time, making it India’s 18th firm to achieve it.
  • A Balasubramanian has been appointed as the new Chairman of the mutual fund industry body, Amfi. Radhika Gupta has been appointed as the new VC.

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Latest business news India today 19 October 2021 – business news India today

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  • Monte Dobson is the newly appointed CEO and lead country Manager of ExxonMobil India.
  • RBI has reportedly imposed a penalty of ₹1 crore on SBI for non-compliance with certain RBI directions.
  • As per reports, Masters Infra Group will invest ₹250 crores in the development of one million sq ft of commercial and retail space in Sector-62, Noida.
  • Ignatius Navil Noronha, the CEO of Avenue Supermarts Ltd that runs DMart Retail Stores, has become a billionaire as shares of the retail firm jumped to 113% this year with a market cap surging past ₹3.54 trillion.

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