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.
- 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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- 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.
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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