Here’s today business news, the latest business news India today 4 December 2021.
- Tech Mahindra, an IT company, has reportedly acquired a 100% stake in Activus Connect for about Rs 466 crores.
- Ravindra Jadeja has been appointed as the brand ambassador by Kinara Capital, a fintech firm, to boost its outreach for the financing of MSME sectors.
- Ford Motor Co, as per reports, aims to become the world’s second-largest manufacturer of electric vehicles in the next two years with an annual production capacity of 6,00,000.
- Eris Lifesciences, a drug maker, is reported to have entered into a joint venture with MJ Biopharm for the distribution of human insulin, insulin analogs, and GLPI agonists.
- Darshana Jardosh, the Minister of State for textiles, has informed that 23 e-commerce sites engaged in e-marketing of handloom products have clocked total sales worth Rs 134.35 crore as on October 31, 2021.
- TVS Emerald has announced a new finance scheme for the TVS Emerald Atrium project to home-buyers.
- As per the order issued by the Protection of Plant Varieties and Farmer’s Rights Authority, India has revoked a patent on potato variety grown exclusively for Lay’s potato chips.
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- Mithun Madhusudan has been appointed as the head of the product- communities by the job platform Apna. He was previously with Sharechat.
- Hero MotoCorp has announced the expansion of its operations in Argentina with the opening of a dealership in Buenos Aires in partnership with Gilera Motors Argentina.
- Microtek, a power appliances maker, to invest Rs 500 crore in research, manufacturing, and development to boost the electric products business in upcoming years.
- Federal Bank has sold Chennai Nashri Tunnelway Ltd at a 25% discount to an Ares SSG Capital-backed asset reconstruction company.
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- The Indian Renewable Energy Development Agency has reportedly signed a pact with THDC India for providing techno-financial expertise in the development of new renewable energy projects.
- Curefit Healthcare is reported to have raised $145 million in a funding round led by Zomato along with participation from Accel, South Park Commons, Temasek Holdings, etc. at a valuation of $1.56 Billion.
- GAIL (India) is reported to have launched a start-up initiative, Pankh, for supporting startups operating in natural gas, petrochemicals, energy, project management, bio-manure marketing, nano materials, IoT, data mining, environment, health and plans to invest in these companies.
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