Business news India: Latest India business news headlines today 26 March 2021

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Here’s today business news, the latest business news India today 26 March 2021.

  • CityMall, a social e-commerce and online grocery platform, is said to have raised $11million as part of its Series A round of funding. The round was led by Accel Partners and also saw participation from existing investors Jungle Ventures, Elevation Capital, and WaterBridge Ventures.
  • Khatabook, a digital ledger startup, is said to have acquired SaaS accounting software Biz Analyst, for $10 million.
  • RIL’s Hathway Cable & Datacom and Den Networks are planning to sell stakes via OFS for ₹853 crores and ₹269 crores respectively.

latest business news india today 26 march 2021

  • Edelweiss Infrastructure Yield Plus is said to have concluded the acquisition of Engie Group, a French utility major’s solar energy assets in India.
  • OneWeb, a broadband satellite communications company acquired by Bharti Global and a consortium of investors including the UK government, is said to have launched 36 more satellites from Vostochny Cosmodrome in Russia. The company is aiming to have 648 low-earth-orbit satellites to deliver high-speed and low latency broadband services. Now it has a total of 146 satellites.
  • Supreme Court is expected to pronounce its judgment in the Tata Sons and Cyrus Investments case today.

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  • Byju’s is said to be in advanced talks to raise around $600-700 million at a valuation of approx. $15 billion.
  • Moneyboxx Finance is said to have raised Rs.25 crores in debt.
  • Tata Power DDL has announced a partnership with Sun Mobility to set up lithium-ion battery swapping stations in Delhi NCR. Tata Power DDL is a JV of Tata Power and the Delhi government.
  • DLF is said to have raised Rs.500 crores through NCDs.
  • Sequoia India announced the close of its second seed fund at $195 million.

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Latest business news India today 26 March 2021 – business news India today

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  • LIC Housing Finance announced a waiver of six EMIs under Griha Varishtha, its special home loan product.
  • To strengthen its cybersecurity portfolio, Tech Mahindra is said to have launched ‘CLOUDEFENDER’, a new cloud-based attack mitigation service.
  • To bid for a 100% stake in Air India, SpiceJet is said to have partnered with Ankur Bhatia, promoter of Bird Group and Ras Al Khaimah Investment Authority.
  • Adani Enterprises has announced its entry into the copper business by incorporating Kutch Copper Limited, a wholly-owned subsidiary.

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