Business news India: Latest India business news headlines today 31 August 2021

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Here’s today business news, the latest business news India today 31 August 2021.

  • PhonePe announced to have received an insurance broking licence from Irdai.
  • Xponentia Capital is said to have marked the final close of its first fund at Rs.400 crores.
  • Elevar, a sports brand, is said to have raised Rs.19 crores as part of its Series A funding round led by Kalaari Capital.

latest business news india today 31 august 2021

  • Scaler Academy, an up-skilling tech platform, has reportedly acquired Coding Elements, an online learning platform, in an all-cash deal for around Rs.80 million.
  • Ola Cabs has reportedly started work on hiring lawyers and investment banks to work on its IPO plans for raising over $1 billion.
  • Amazon .com Inc has reportedly asked Sebi to order the withdrawal of conditional approval given to the Future-Reliance deal.

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Latest business news India today 31 August 2021 – business news headlines today

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  • Rare Enterprises (owned by Rakesh Jhunjunwala) and its partners have reportedly signed a term sheet for investing in Syska LED Lights and the transaction is expected to be completed in the next 60 days.
  • Indegene, a healthcare solutions provider, has reportedly acquired Medical Marketing Economics LLC (US-based) for approx. $10 million.
  • Shriram City, an NBFC, is reportedly looking to disburse around Rs.22,000-23,000 crores in the current FY.
  • Shanti Lal Jain, ED, Bank of Baroda would reportedly be joining Indian Bank as its MD & CEO.

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Latest business news India today 31 August 2021 – business news India today

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  • Tally Solutions and Cosmea Financial Holdings, a fin-tech company, is reported to have applied to RBI for a small finance bank license.
  • Dollar Industries announced to have appointed Mr. Ajay Kumar Patodia as CFO. He was previously with Lux Industries.
  • After the amendment to the DICGC Act by the government, stressed banks depositors may reportedly be able to get up to Rs.5 lakh back from November 30, 2021.

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