Here’s today business news, the latest business news India today 4 May 2021.
- India Business Excellence Fund – III, managed and advised by Motilal Oswal PE, is said to have invested $25 million in Fincare Small Finance Bank for a minority stake.
- WinZO reportedly said to have given a complete exit to early investor Hike Pvt. Ltd through a share buyback worth $12 million.
- Mogae Media is said to have acquired advertising agency Rediffusion India.
- Pfizer is said to be in discussions with the Indian government to get early approval for its covid-19 vaccines under revised regulations.
- Verizon Communications Inc has reportedly agreed to sell its media unit, including Yahoo and AOL, to Apollo Global Management Inc for around $5 billion.
- Kerala Housing Finance scam: To recover dues, Sebi will auction property of Kerala Housing Finance at a reserve price of ₹55 lakh on June 4.
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- The government has waived IGST on the import of COVID-related relief material donated or received free of cost from outside India for free distribution till June 30.
- Digitas, a Publicis Groupe firm, announced the appointment of Abhishek Chaturvedi as senior VP and head of planning.
- MullenLowe Group has promoted S. Subramanyeswar as chief strategy officer for the Asia-Pacific region.
- RBI is said to have imposed a penalty of Rs.3 crores on ICICI Bank for contravention of certain directions
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- Singhania Education Services is launching Quest+, an online education platform.
- Ministry of food processing has invited EoI from companies for availing incentives under the Production-linked Incentive scheme.
- PepsiCo Foundation is said to have partnered with Sustainable Environment and Ecological Development Society to launch a community COVID-19 vaccination drive and set up COVID care centres.
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