Business news headlines: Latest India business news today 12 January 2021

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Read the latest India business news today 12 January 2021.

  • To strengthen its position in the GATE and Engineering Services Examination test preparation segment market, Unacademy has onboarded Ravindrababu Ravula, a prominent Gate exam educator, as an exclusive teaching partner on its platform. Ravula is the founder and chief educator of Raudra Eduservices, a Gate exam preparation platform.

latest india business news today 12 january 2021

  • The board of GAIL will be meeting on 15 January to consider share buyback and payment of interim dividend for the FY 20-21.
  • Instant messaging app Telegram has said that it will never monetize users’ private data for profiling for targeted ads.
  • Sterlite Power has raised ₹200 crores from Allianz Global Investors in debt financing. This is one of the first Indian infrastructure sector financing deals of Allianz GI.
  • Future-RIL deal: Amazon has once again written to Sebi requesting it to suspend the review of the ₹24,713 crores deal of Future Group and Reliance Industries.
  • BHEL has bagged an order worth Rs.450 crores from NALCO for a steam and power plant.

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Latest India business news today 12 January 2021 – business news headlines today

  • Cognizant Technology Solutions has signed an agreement to acquire Servian, a Sydney-based, enterprise transformation consultancy specializing in data analytics, experience design, AI, digital services, and cloud.
  • KKR has achieved a final close of $3.9 billion for its maiden infrastructure fund, KKR Asia Pacific Infrastructure Investors SCSp, focused on infrastructure-related investments across the Asia Pacific.
  • Volkswagen Finance India has acquired a majority stake in KUWY Technology for an undisclosed amount to support its new and used car financing business. It had earlier bought a 25% equity stake KUWY, an instant lending platform.

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Latest India business news today 12 January 2021 – business news headlines today

  • Axis Bank has announced the removal of penalty on premature closure of all new retail term deposits booked on or after December 15, 2020, for a tenure of 2 years or more.
  • As per the data released by the Federation of Automobile Dealers Association, vehicle registration in December 2021 saw a growth of 11% on a year-on-year basis.
  • RBI has canceled the license of Vasantdada Nagari Sahakari Bank, Osmanabad, Maharashtra as in its current financial position, the bank would be unable to pay its present depositors in full.

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