Business news headlines: Latest India business news today 7 January 2021

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Read the latest India business news today 7 January 2021.

  • boAt, the Headphones maker, has raised $100 million from Warburg Pincus at a valuation of $300 million.
  • CropIn, an AI and data-based Agri-tech startup, has raised $20 million in a funding round led by ABC World Asia.

latest india business news today 7 january 2021

  • Udaan, an e-comm platform for businesses, has raised $280 million from its existing investors as also two new investors, Moonstone Capital and Octahedron Capital.
  • Tata Group has set up a strategy team headed by Saurabh Agrawal, CEO of Tata Sons to explore options, including mergers, consolidation, and rebranding of its airline ventures.
  • SBI has raised $600 million in offshore bonds through its London branch.
  • Axis Bank has tied up with Hyundai Motor India for auto retail financing.
  • Eros STX Global Corp. has appointed Rajitta Hemwaani as the business head (music). Hemwaani previously worked at 9X Media as senior VP and chief content officer.
  • Moët Hennessy India has appointed Ipsita Das as India MD. Part of French conglomerate LVMH – Moët Hennessy Louis Vuitton, its brands in the Indian market include Dom Pérignon, Belvedere, Moët & Chandon, Glenmorangie, Veuve Clicquot, Hennessy, and Chandon.

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Latest India business news today 7 January 2021 – business news headlines today

  • Delhi High court has directed SBI and RBI to maintain the status quo for RCom, Reliance Telecom and Reliance Infratel accounts.
  • boAt has entered into an agreement with Dixon Technologies for the manufacturing of Twin wireless speakers at their facility in Noida.
  • EEd-tech platform Kyt has raised $5 million in a Series A round of funding led by Alpha Wave Incubation.
  • Tamil Nadu government has now allowed movie screenings at a 100% capacity, the first state to do so since lockdown.

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Latest India business news today 7 January 2021 – business news headlines today

  • SpiceJet is starting 21 new domestic and international flights from January 12 including Mumbai to Ras Al-Khaimah, increased frequency on Delhi-Ras Al-Khaimah routes.
  • As per a notice issued by DoT, bidding for the 6th round of spectrum auction for radiowaves worth Rs.3.92 lakh crores will start from 1 March 2021.
  • PNB Scam case: A special court in Mumbai has allowed Purvi Modi, sister of Nirav Modi, to become an ‘approver’ (prosecution witness) in the PNB scam case.
  • Hondo Motor Company is reportedly offering VRS to the employees of its scooters and motorcycles units in India.

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