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

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

  • Dilip Sanghvi of Sun Pharma Advanced Research Company has resigned from the post of Managing Director. He will, however, continue as non-ex director and Chairman.
  • Sentieo, a financial and corporate research platform, is said to have raised $20 million as part of its Series B round of funding led by Ten Coves Capital.
  • Atlan, a data collaboration software provider, is said to have raised $16 million, as part of its Series A round of funding led by global venture capital and Insight Partners.

latest business news india today 26 may 2021

  • FarEye, a logistics SaaS platform, is said to have raised $100 million in a Series E funding round led by Technology Crossover Ventures and Dragoneer Investment Group.
  • Patni family office and Baring Private Equity are reported to be investing Rs.76 crores in PG Electroplast.
  • Twitter is said to be experimenting with a new feature, which may allow users to sell tickets to host a show on Spaces.

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Latest business news India today 26 May 2021 – business news headlines today

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  • Stride Ventures is said to be launching its second venture debt fund, Stride Ventures India Fund II, with a targeted corpus of Rs.1,000 crore and a greenshoe option to raise an additional Rs.875 crores.
  • GST Council is said to have constituted a group of ministers to examine if any change in legal provisions is required for the valuation of services provided by online gaming, racecourses and casinos.
  • NHPC is said to have placed an order worth Rs.188.19 crores with Tata Power Solar Systems to set up a 40 MW solar power project at Ganjam, Odisha.
  • Parinee Group is said to have raised over Rs.325 crores from HNIs to fund the construction of a commercial project in Lower Parel-Worli, Mumbai.
  • Gold jewellery hallmarking deadline date has been extended to June 15 due to the Covid-19 situation.

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

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  • Airbnb has revamped its website to make it simple and more user-friendly.
  • HDFC is said to be planning to raise up to Rs.7,000 crores by issuing bonds on a private placement basis.
  • Uniqlo’s parent company, Fast Retailing, is reported to have committed around $3 million to accelerate the provision of medical equipment and offer assistance to needy families.
  • Roche India and Cipla announced the launch of the first batch of Roche’s Antibody Cocktail in India priced at Rs.59750 per dose for the treatment of mild to moderately high-risk COVID-19 patients. This drug was given to Donald Trump when he contracted COVID-19 last year.
  • MSN Laboratories announced that it is starting phase 3 clinical trial of molnupiravir capsules for the treatment of mild-to-moderate covid-19 patients in India.

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