Business news India: Latest India business news headlines today 3 December 2021

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Here’s today business news, the latest business news India today 3 December 2021.

  • Simpl, a Fintech startup, is announced to have raised $40 million in a Series B funding round led by Valar Ventures and IA Ventures.
  • CollegeDekho is said to have raised $35 million as part of its Series B round of funding, led by ETS Strategic Capital, Winter Capital, Calega, and its existing investor Man Capital.
  • Swiggy sets aside $700 million for Instamart. This comes amid the waging instant grocery wars.
  • L&T and ReNew Power are reported to have signed an agreement to tap the $60 billion emerging green hydrogen market in India.

latest business news india today 3 december image

  • State Bank of India has now joined hands with the Adani Capital. SBI has signed a master agreement with Adani Capital in a co-lending bid to farmers.
  • SEBI and RBI raise concerns as India is set to introduce its Crypto Currency bill. The new cryptocurrency law is expected to red flag chit fund schemes and MLM models.
  • Honda Motors has now set up a battery sharing subsidiary in India with Rs 135 Cr funds.
  • Audi is likely to hike its vehicle prices up to 3% by January 2022.

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  • Dunzo gets investment offers from Tata Companies, Swiggy, Zomato, and Reliance Jio amid Dunzo’s attempt to raise $200 Mn.
  • Canara Bank confirms that it has raised Rs 1,500 Cr by issuing Basel-III compliant bonds.
  • Tata Power join hands with ama Stays & Trails to set up EV charging stations.
  • RateGain Travel gears up to launch its IPO in the upcoming week.

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  • OYO announces the appointment of Rajnish Kumar as its Strategic Group Advisor. Rajnish Kumar is former SBI chairman.
  • Vodafone Idea stock up by 21% in the last 2 days. The stock is now nearing a 52-week high mark.
  • Sensex reaches the 58,000 level mark while Nifty manages to float above 17,400 levels. Metals, IT, and auto stocks remain in focus.

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