Business news India: Latest India business news headlines today 23 July 2021

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Here’s today business news, the latest business news India today 23 July 2021.

  • BlackBuck, an online trucking platform, is said to have raised $67 million as part of its Series E round of funding at a valuation of $1.02 billion.
  • Dozee, a health-tech startup, is said to have raised $6 million as part of its Series A round of funding, led by Prime Venture Partners.
  • CCI has reportedly issued a show-cause notice to Amazon. com Inc. to explain why certain facts were not disclosed about its 2019 purchase of a 49% stake in a Future Group entity.

latest business news india today 23 july 2021

  • Income Tax officials reportedly conducted searches yesterday at multiple premises linked to Dainik Bhaskar group. Income Tax Deptt. said that they looked only at the financial transactions.
  • India’s federal cabinet reportedly approved plans to allow 100% FDI in state-run oil companies in which a strategic stake sale is announced. This will help in the privatization of BPCL.
  • Amazon India is said to have launched Multi-Seller Flex, 2000 sq ft storage sites, for its small cities and towns sellers needing support in storing their inventory and processing customer orders.

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Latest business news India today 23 July 2021 – business news headlines today

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  • PAG, an Asia-focused PE firm, is said to have agreed to acquire a controlling stake in Acme Formulation, a company focussed on complex pharmaceutical products for around $145 million.
  • NBFC Magma Fincorp announced to have changed its name to Poonawalla Fincorp Limited after a controlling stake acquisition by Adar Poonawalla-led Rising Sun Holdings.
  • The government may sell its 10% stake in LIC in two parts.
  • Dabur India has entered into the syrups and spreads category.

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Latest business news India today 23 July 2021 – business news India today

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  • Adani Ports & Special Economic Zone is reportedly looking to raise around $500 million on offshore debt through dollar bonds.
  • Star Health and Allied Insurance have reportedly filed a draft red herring prospectus with Sebi to raise funds via IPO.
  • Clix Capital announced the appointment of Rakesh Kaul as its new CEO w.e.f. 16 August.
  • Sandeep Mina, former VP-monetization of Swiggy, is reported to have joined ‘Dukaan’ as COO.

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