Business news India: Latest India business news headlines today 20 November 2021

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Here’s today business news, the latest business news India today 20 November 2021.

  • Mindhouse, a curative wellness platform, has reportedly raised $ 6 million in a funding round led by Binny Bansal along with the participation from other investors, including General Catalyst, Better Capital, Kwaish Capital, Anicut, and many others.
  • PhonePe, a digital payment platform, has announced the buyback plan for ESOP worth Rs135 crore.
  • Flipkart Health, as per reports, will acquire a majority stake in, a digital health platform and an online pharmacy.

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  • 10club has acquired three e-commerce firms, namely Kraftseeds, Gate Garden and Kriti Kalash operating in the lawn and garden segment for an undisclosed amount.
  • HPCL has signed a partnership with IDFC First Bank for making the payments of fuel by motorists using FASTags at the HPCL’s retail outlet.
  • Unilever Plc, the owner of PG Tips and Lipton, to reportedly sell tea assets to CVC Capital Partners owner for $5 billion in year’s biggest carveouts.

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Latest business news India today 20 November 2021 – business news headlines today

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  • Raasta Autotech, a car and bike service aggregator, has planned to expand its operations to 30 new cities including Mumbai, Hyderabad, and Bengaluru in upcoming months.
  • ABB Power Products & Systems India has rebranded itself as Hitachi Energy India Ltd and has reaffirmed its commitments for accelerating the clean energy transition in India.
  • Scripbox, a digital wealth management company, has signed a partnership deal with Max Life Insurance, Aegon Life, and HDFC Life for offering term life insurance products to its customers.

Must Read:20 November ke Mukhya Samachar

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  • ONGC and GAIL India, as per sources, are in talks with the KKR-backed JBF Petrochemicals for the acquisition of the distressed company.
  • The Competition Commission of India has imposed a penalty on certain paper manufacturers and certain organizations for breach of competition law provisions prohibiting anti-competitive agreements.
  • SIDBI has partnered with Google India Pvt Ltd for a lending program with financial assistance up to Rs 1 crore at competitive interest rates to MSMEs.
  • As per the RBI data, the forex reserves of India have declined from $763 million to $640.112 million In the week ending on November 12, 2021.

Must Read:Aaj ka panchang 20 November

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