Business News Headlines: Latest India business news today 18 December 2020
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Read the latest India business news today 18 December 2020:
- International Finance Corp. and IFC Emerging Asia Fund will invest $76 million in Puravankara Group’s budget housing projects.
- Google has rolled out new language-centric features in Search, Maps, and Lens. Google Search will now show content in Indian languages where appropriate, even if the local language query is typed in English.
- WhatsApp desktop version may soon support audio and video calls. For every call, users will get a pop-up message.
- The board of Zee Entertainment has approved acquisition of film production and distribution business from Zee Studios, formerly known as Essel Vision Productions, having a turnover of Rs.124.11 crores in FY 19-20. Its board has also approved transfer of digital publishing business division, valued at ₹637.7 million, to Rapidcube Technologies.
- As per a report by E&Y and IVCA, Venture investments by PE and VC funds were 27% lower on yearly basis in November at USD 3.9 billion.
- Ministry of I&B is reportedly in the process of coming up with a Draft National Broadcasting Policy.
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Latest India business news today 18 December 2020 – business news headlines today
- After the exit of Uday Shankar, president-APAC and chairman of Star & Disney India, Walt Disney has decided to restructure its Asia Pacific business. Now the Asia Pacific and India business will have separate leadership, both reporting into Rebecca Campbell, chairman, International Operations and Direct-to-Consumer.
- Ikea’s second store in India, in Navi Mumbai, backed with an investment of Rs1,500 crore is opening today.
- Info Edge Ventures has got a commitment of Rs.375 crore from Temasek. The fund has already backed nine startups including Bulbul, Qyuki, DotPe, Truemeds, Fanclash, FirstHive, Rusk Media, Polymerize.
- PagarBook, a staff management solutions provider, has raised US$ 15 million in a Series A funding round led by Sequoia Capital. The round also saw participation from India Quotient. Funds may be used in product development and drive customer acquisition.
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Latest India business news today 18 December 2020 – business news headlines today
- Vedanta’s Anil Agarwal, along with London-based Centricus Asset Management is reportedly planning to invest around $10 billion in Indian companies offering substantial growth opportunities.
- Mindspace REIT has raised Rs.200 crores via debentures.
- True North has appointed Prasad Thrikutam, former Infosys veteran, as an operating partner to help it enter into technology investments.Thrikutam has experience of around 25 years in IT industry.
- Rapido, a Ride-hailing app, has extended its auto service to 11 new cities taking the number of operational cities to 25.
- Zoom has announced that they will be lifting the 40-minute limit on calls during certain festive days in December.
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