Business news headlines: Latest India business news today 18 February 2021

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Read the latest India business news today 18 February 2021.

  • Zolve, the new startup of Raghunandan G, co-founder of TaxiForSure has raised around $15 million in a seed funding round led by Accel and Lightspeed.
  • Vedji Ticku, CEO & Executive Director of Page Industries, has resigned citing personal commitments.

latest india business news today 18 february 2021

  • Tata Group has reportedly requested approval from the Competition Commission of India to buy a majority stake in BigBasket.
  • Ascendas India Trust, a Singapore-based property trust, is acquiring 6 IT SEZ buildings of Phoenix Group.
  • Bharti Airtel will acquire a 20% stake in Bharti Telemedia, its DTH subsidiary, from a Warburg Pincus entity for Rs.3,126 crores.
  • Ashok Leyland has said that it has increased the sourcing of clean energy to 60% for its operations across India.
  • India Ratings and Research have revised the outlook for Vedanta Ltd to stable from negative.

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Latest India business news today 18 February 2021 – business news headlines today

  • Union Cabinet has approved a production-linked incentive of Rs.12,195 crores to locally manufactured telecom and networking equipment.
  • ICICI Lombard has partnered with Flipkart to offer ‘Hospicash’, a policy that allows consumers to avail a payout for each day of hospitalization.
  • Reliance Entertainment has joined hands with filmmaker Ribhu Dasgupta, to produce movies. Ribhu is known for the Netflix series “Bard of Blood”, and some Amitabh Bachchan starrer TV series.

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Latest India business news today 18 February 2021 – business news headlines today

  • 1Kosmos, a cybersecurity firm, has raised Rs.110 crores from ForgePoint Capital, an early-stage cybersecurity venture investor.
  • The central government has granted conditional drone usage approval to Kochi Metro Rail for the integrated Urban Regeneration & Water Transport System Project.
  • Prosus Ventures is said to be in the final stages of investing around $200 million in PharmEasy.

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