Business news headlines: Latest India business news today 21 January 2021

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Read the latest India business news today 21 January 2021:

  • Antler, a Global early-stage VC fund is planning to invest over $100 million across Indian tech startups in the next four years.
  • AlphaICs, an AI based tech company, has secured $8 million in a Series B equity round of funding led by Endiya Partners and Emerald Technology Ventures.

latest india business news today 21 january 2021

  • Fireside Ventures, an early-stage investor focussing on consumer startups, is said to have raised $118 million, marking the final close of its second fund.
  • SEBI has granted its approval to Rs.24,713 crore Future Group and Reliance Retail deal.
  • Competition Commission of India has approved Rs.1,500 crore deal of Flipkart & Aditya Birla Fashion and Retail.
  • Bajaj Finance is in the process to enter the payment solutions market with an integrated payment solution ‘Bajaj Pay’ which is expected to be launched in the last quarter of FY 21.
  • LT Foods Ltd has acquired a 30% stake in Leev. nu, a Netherlands-based packaged foods company, through its subsidiary Nature Bio Foods BV. LT Foods sells packaged rice under the brands like Daawat, Heritage, and Royal.

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Latest India business news today 21 January 2021 – business news headlines today

  • Vistara has started daily flight service to Sharjah from Delhi under the air bubble agreement.
  • Ashok Kumar Sonthalia, CFO of Larsen & Toubro Infotech has resigned from the company citing personal reasons.
  • YES BANK has recently launched YES MSME — an initiative to facilitate “speedy and easy access to funds” to the MSME sector. Under the scheme, it will provide “curated offerings to address both business and individual needs of MSMEs, nurture new-age entrepreneurs and maximize their potential,”. Under this initiative, the start-ups can avail up to Rs.5 crore collateral-free funding.
  • The government has raised the authorized share capital of PNB from Rs.3000 crores to Rs.10,000 crores.
  • Federation of Automobile Dealers Associations has requested FM Nirmala Sitharaman to introduce benefits of claiming depreciation on vehicles for income tax-paying individuals as also extend the depreciation period for corporates.

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Latest India business news today 21 January 2021 – business news headlines today

  • Sundaram Finance has made certain key changes in its management including the appointment of Rajiv Lochan as MD who will succeed T T Srinivasaraghavan. Rajiv has experience in the financial services of over 25 years.
  • Havmor Ice Cream, a brand owned by Lotte Confectionery, has appointed Komal Anand as MD, who was previously associated with McCain Foods.
  • The government is reportedly planning to sell its remaining 26.12% stake in Tata Communications Ltd and is looking to raise around Rs.8,000 crores before the end of the current FY.
  • General Motors will appeal against the Maharashtra government’s rejection of its plant closure. Maharashtra government has rejected the closure application of the Talegaon plant of General Motors India.

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