Business news headlines: Latest India business news today 11 February 2021
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Read the latest India business news today 11 February 2021.
- Tata Starbucks has appointed Sushant Dash as its new CEO in India effective from 1 May.
- Adar Poonawalla backed, Rising Sun Holdings, has agreed to buy a majority stake in Magma Fincorp for Rs.3,456 crores.
- Amalfiaco Ltd. sold a 6.06% stake in CG Consumer Electricals for Rs.1,492 crores in an open market transaction.
- OTT video streaming platform Disney+ Hotstar signed nine key sponsors for the ongoing India vs England series including Dream11, ICICI Bank, and Tata Cliq.
- India Pesticides has filed DRHP to raise Rs.800 crores via IPO.
- SpiceJet has reported a consolidated loss of ₹66.78 crores for the period Sept-December 2020, its fourth consecutive quarterly loss. It had reported a profit of Rs.77.97 crores in the same quarter in 2019.
- Jack Dorsey, CEO of Twitter Inc has said that the company is exploring allowing its users to receive tips, or digital payments, from their followers. The feature would help the firm earn more revenues.
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Latest India business news today 11 February 2021 – business news headlines today
- The central government has decided to sell its 20% stake in National Fertilizers.
- BharatPe has raised around $108 million in a Series D round of funding led by its existing investor Coatue Management at a valuation of $900 million.
- India Quotient has launched its fourth fund with a target to raise at least $80 million.
- TrueScale Capital, a new VC firm by Sameer Nath, Iron Pillar co-founder, has started its maiden fund to make growth capital investments in Indian startups. The firm would reach out to potential investors after getting regulatory approvals.
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Latest India business news today 11 February 2021 – business news headlines today
- Acme Solar Holdings, the largest pure-play solar platform in India, is planning to jointly produce green hydrogen in India and Europe with Lhyfe Labs SAS of France.
- SBI is planning to start a co-lending model for home loans.
- Wistron Corp. will soon restart operations at its factory near Bengaluru. The largest assembler of Apple Inc.’s iPhones in India had to shut down its factory in December because of workers rioting.
Must Read:Read today news headlines 11 February 2021
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