Business news headlines: Latest India business news today 15 February 2021
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Read the latest India business news today 15 February 2021.
- Rajnish Kumar, former SBI Chairman, has been appointed as exclusive advisor of Kotak Investment Advisors Limited, a Special Situation Fund of Kotak’s.
- Tata Motors has appointed Marc Llistosella as the new CEO & MD. Llisotsella has a long track record in greenfield projects, turnaround management, and leading organizations.
- Anil Agarwal, the Metals and mining magnate, has teamed up with Centricus, a London-based firm, to create a $10-billion fund that will invest in PSU stake sale.
- Snapchat is said to have crossed the 60 million users milestone in India.
- Upgrad is entering the government competitive exam preparation space (an Rs.40,000 crore market) with Upgrad Jeet, a new subsidiary.
- The Finance Ministry will infuse Rs.3,000 crores into state-owned general insurance companies within the current quarter for improving their financial health.
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Latest India business news today 15 February 2021 – business news headlines today
- Irdai has asked Insurance companies to issue digilockers to the policyholders to preserve documents.
- Philipp Plein and Billionaire, International luxury brands, have entered into a deal with Bequest Group to enter the Indian market.
- Magma Fincorp will be holding an EGM in March for getting approval from shareholders to the preferential allotment of shares to Rising Sun Holdings (controlled by Adar Poonawalla) for Rs.3,206 crores for a controlling stake.
- Sterling and Wilson Limited, a Shapoorji Pallonji Group company, have got an order worth Rs.930 crores in Egypt from Saudi Arabia’s leading renewable energy company.
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Latest India business news today 15 February 2021 – business news headlines today
- ByteDance is reportedly trying to sell Indian operations of TikTok to Glance.
- Gap Inc. is reportedly in talks with Myntra to explore a potential partnership.
- Amazon India will be integrating its Pantry service with its grocery service ‘Fresh’ to reduce the delivery time to 2-hour slots.
- Indiabulls Housing Finance is looking to raise Rs.5,000 crores from securitization in the current quarter of FY 2020-21. Securitization is the process of pooling and repackaging homogenous illiquid financial assets into marketable securities that can be sold to investors.
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