Business news India: Latest India business news headlines today 6 November 2021

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Here’s today business news, the latest business news India today 6 November 2021.

  • Finzy, a peer-to-peer lending firm, has reportedly raised $2 million in its bridge round. The funds will be used to enhance product offerings and technology for the borrowers and lenders.
  • Paytm has  reportedly raised ₹8235 crores in an anchor round led by many anchor investors that included- Blackrock Inc., Canada Pension Plan Investment Board, Aditya Birla MF GIC Pte. etc. and was oversubscribed by 10 times.
  • Rapido, a bike taxi app, has hired Ranveer Singh and Allu Arjun for its first celebrity campaign “Smart ho, to Rapido” and to acquaint customers with the services.

latest business news india today 6 november

  • As per sources, Ola has started sub-15 minutes delivery service of groceries, pet care products, and personal care goods in Bengaluru to make a foray into the commerce sector.
  • Investec Capital, a conglomerate of global financial services, will reportedly be setting up its first private credit alternative investment fund called Emerging India Credit Opportunities Fund 1 in India with a target to raise ₹1000 crore.
  • Cairn Energy PLC, a Britain oil and gas explorer, which gave India its biggest on-land oil discovery, to change its name to Capricorn Energy PLC from mid-December.

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  • GOI has reportedly approved the PLI Scheme to provide an environment for the conducive manufacturing of high-quality products for industries to compete globally and a level-playing field to domestic players.
  • Indonesia, India, and the Philippines to join South Africa as the recipients of Climate Investment Funds, a multi billion dollar pilot programme for accelerating the transition to clean energy from coal power.
  • The National Company Law Tribunal has  reportedly approved the acquisition of IL&FS’s 26% stake in ONGC Tripura Power Company by GAIL India Ltd.

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  • World Economic Forum has reported that Amazon, Apple, Mahindra Group and Dalmia Cement (Bharat) from India have joined the “First Movers Coalition” as its founding members to drive zero-carbon tech demand.
  • According to the Confederation of All India Traders, the festive sales during Diwali crossed ₹1.25 trillion, the highest in the last decade. It is a sign of resilient demand despite high inflation.
  • SBI has recently reported a 67% increase in its net profit that jumped from ₹ 4574 crores in Q2 of FY21 to ₹ 7627 crores in Q2 of FY22 aided by lower loan loss provisions.

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