Business news headlines: Latest India business news today 13 January 2021
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Read the latest India business news today 13 January 2021.
- Byju’s has reportedly entered into a deal to acquire test prep leader Aakash Educational Services for $1 billion.
- VComply, a B2B platform, to corporate businesses helping them track and standardize governance, risk and compliance, has raised $6 million as part of its Series A funding round which was led by Counterpart Ventures and Accel.
- RBI has imposed a penalty of ₹2 crores on Deutsche Bank for non-compliance with certain provisions of its directions.
- Tesla has registered a subsidiary company in India and named Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein as Directors. The state government had reportedly earlier said that Tesla would open an R&D centre in Bengaluru.
- Tech Mahindra will acquire Payments Technology Services Ltd, a FIS subsidiary, for $9 million.
- Power Finance Corporation will raise Rs.10,000 crores through bonds in two tranches, the first one opening on 15 January.
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Latest India business news today 13 January 2021 – business news headlines today
- The Board of Embassy Office Parks REIT has approved a plan to raise up to ₹2,600 crores through the issuance of NCDs.
- Toyota Kirloskar Motor has lifted the lockout at its Bidadi, Karnataka plants.
- Morgan Stanley has named Sanjay Shah as its India country head.
- SpiceJet has signed an agreement with Brussels Airport for providing transportation of COVID-19 vaccines.
- Morgan Stanley has promoted Kamal Yadav and Sachin Wagle to Co-heads, India Investment Banking.
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Latest India business news today 13 January 2021 – business news headlines today
- Oyo Hotels and Homes has appointed Martin HP Söderström, chairman of DIG Investment, at its European arm, Oyo Vacation Homes as a non-ED.
- Infosys will ring the closing bell at the New York Stock Exchange on Friday to commemorate its eighth anniversary of listing on the exchange.
- Mahindra Lifespace Developers has signed an MoU with SBI for quick home loan approvals.
- Edible oil Companies manufacturing have requested FSSAI to “not enforce” its recent gazette notification capping trans fatty acids in oils and fats to 3% starting 2021 which is currently capped at 5%.
- KPMG India has appointed Sunit Sinha as the Partner and Head of People, Performance and Culture.
- TA Associates has acquired a 60% stake in nutraceutical ingredients player OmniActive Health Technologies for around $150 million.
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