Business news India: Latest India business news headlines today 25 November 2021

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Here’s today business news, the latest business news India today 25 November 2021.

  • Dream 11 parent has reportedly raised $840 million in a fresh funding round led by Tiger Global, Falcon Edge and others at a valuation of $8 billIon.
  • Ashok Leyland has inaugurated state-of-the-art 3S 18 bay dealership in Guwahati and will open 10 outlets in parts of North East India to strengthen its presence in the region.
  • Indifi, an online lending platform, has reportedly raised Rs 340 crore in equity and debt funding by investments from CX Partners, OP Finnfund Global Impact Fund I, CDC Group, and many others.

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  • Corestack, a cloud governance software provider, is reported to have raised $30 million in Series B round of funding led by Avatar Growth Capital along with participation from Dallas Venture Capital, Iron Pillar and other angel investors.
  • RBI has reportedly penalized Tata Communications Payment  Solutions Limited for Rs 2 crores and Appnit Technologies Private Limited for Rs 54.93 lakhs for deficiencies in regulatory compliances.
  • A global investing platform, Globalise, is said to have raised an undisclosed amount in seed capital from White Board Capital, Credit Saison and many other angel investors that includes Himanshu Kohli, Rohit Jain, Rishi Khanna and Arjun Lamba.

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  • Reliance Strategic Business Ventures Ltd, a subsidiary of Reliance Industries, has announced to acquire the rights to own and and operate cricket team in UAE T20 League.
  • A Parking solution platform, Park+, has reportedly raised $25 million in Series B funding round led by Sequoia Capital India, Epiq Capital and Matrix Partners India.
  • SEBI has laid down new operating norms for silver exchange traded fund with specified objectives , valuations, determination of net asset value, tracking error, etc.
  • NoBroker, a real estate renting and buying platform, has become India’s first realty startup unicorn after it raised $210 million in Series E funding round led by General Atlantic , Tiger Global Management and Moore Strategic Ventures.

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  • The Ministry of Finances has reported that India and US have agreed on a transitional approach for equalization levy or digital tax on e-commerce supplies  beginning April 01, 2022.
  • The Salarpuria Sattva Group has incorporated Dawntech Company to take over the consumer electronics business of the largest seller on Amazon, the Cloudtail.
  • As per reports, a global private equity firm TPG Capital may acquire a minority stake of about 40% in Dr Agrawal’s Health Care Limited which owns largest chain of eye care hospitals of Dr Agrawals Eye Hospital in India.

Must Read:25 November ke Mukhya Samachar

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