Business news headlines: Latest India business news today 16 February 2021
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Read the latest India business news today 16 February 2021.
- Byju’s is reportedly close to signing a deal to acquire Toppr Technologies for around $150 million.
- Eupheus Learning, an edtech startup, has raised $4.1 million in a Series B round of funding led by Kuwait-based United Education Company and Al Rayan Holding Company.
- Indian Angel Network, a Venture capital consortium, is planning to invest around Rs.100 crores in start-up firms across Biotechnology, augmented reality, manufacturing, and environment sectors in 2021.
- Reliance Brands having a wide portfolio of fashion brands has appointed Starbucks India head Navin Gurnaney as CEO— foods for an upcoming food and hospitality venture.
- Vodafone Idea said that it is prepared for the rollout of the 5G wireless service.
- KreditBee, a fintech lending startup, has concluded its Series C equity funding round worth USD 75 million consisting of both primary and secondary investment from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital, and Arkam Ventures.
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Latest India business news today 16 February 2021 – business news headlines today
- Huntsman, the global manufacturer, and marketer of differentiated chemicals, has appointed Gurmeet Kaur as the head of strategic marketing for the Polyurethanes India sub-continent business.
- Indian Bank has completely integrated the software system with the erstwhile Allahabad Bank post amalgamation.
- The Health Ministry has said that over 85 lakh healthcare and frontline workers have been vaccinated so far.
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Latest India business news today 16 February 2021 – business news headlines today
- RBI has set up a committee to draw division documents for strengthening Urban Cooperative Banks. The committee would also explore the potential of consolidation in the sector.
- The government has decided to impose a penalty on telemarketers to control pesky calls and financial frauds conducted using mobile networks.
- Auto companies may hire prices of their vehicles again due to increasing steel rates.
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