European infra company A&M’s JV to invest Rs 100 crore in Mumbai Metro project
The company, backed by Nasdaq-listed Polaris Energy Resources, has written to Maharashtra chief minister Uddhav Thackeray, seeking permission to invest in Chembur-Bandra-Kurla Complex (BKC) phase of the Mumbai metro project. This will be A&M Development Group’s maiden investment in India after its announcement in April to invest $20 billion in mega projects.
Amethi AK-203 factory unlikely to start operations in 2020
As per the plan, the OFB-Kalashnikov joint venture (JV) was to arrive at a fair pr...
Logistics marketplace Vahak raises seed funding from Leo Capital
Vahak enables logistic companies to connect with truck owners, brokers, and ...
Payment solutions firm Mintoak raises Rs 15 cr in pre-series A from Pravega Ventures
The capital raised will be used to strengthen the technology platform and hiring more people.
Baseline Ventures signs India’s under-19 cricket captain Priyam Garg
The multi-year deal will see Baseline managing all the commercial interests of Garg. Born in Meerut, UP, Garg made his first-class debut against Goa in 2018 where he went on to score an unbeaten 117. He recently led the Under-19 Indian team at the World Cup in South Africa where they finished runners-up.
Honda, Usha International terminate power products joint venture
The joint venture agreement dated October 25, 1997, entered between Honda Motor Co. Ltd., Japan, and Usha International Limited to create and operate Honda Siel Power Products Ltd (HSSP) as a joint venture has been terminated pursuant to a termination agreement executed on March 31, 2020, HSSP said in a regulatory filing.
YourNest Venture Capital debuts its fast-track funding programme SOAR
Under the SOAR programme, selected startups are eligible to receive between $250,000-$1 million in funding, and will receive support across key functions, including, strategy, compliance, legal, secretarial and talent sourcing, among others.
Thousands of India’s startups face an existential crisis: Rajan Anandan, MD, Sequoia Capital India
Some are finding ways to navigate the storm, but for many this Black Swan event could be their Swan Song.
Vahdam Teas appoints ex-Schoolkart founder Nikhil Sareen as CBO
Global direct-to-consumer tea brand Vahdam Teas has brought on board Nikhil Sareen as its chief business officer for its online business, said a statement issued by the firm.
Wipro Consumer Care Ventures invests in LetsShave
LetsShave focuses predominantly on shaving category, and is expanding into personal care categories like body care, skin care and electric trimmers, the city-headquartered Wipro said in a statement.
Venturing out during a lockdown? You may be booked under these clauses
Sec.269 IPC* Negligently doing any act known to be likely to spread infection of any disease dangerous to life Imprisonment for 6 months or fine, or both. *Cognizable, Bailable*
White Owl Brewery launches country's first strong craft beer Spike
In October, the Mumbai-based brewer had raised Rs 40 crore in its second round of funding led by existing investors IIFL India Private Equity Fund to expand geographic footprint to cash in on the rising popularity of craft beer. Javed Murad, founder of White Owl, had told ET that the funds will be used to widen its product portfolio and newer formats.
Stock market update: 28 stocks hit 52-week lows on NSE
However, UltraTech Cement, ITC, Indian Oil Corp, Sun Pharma and Shree Cements were among the top losers.
JPVL Q4 results: Net loss narrows to Rs 70.91 crore
The company's consolidated net loss was Rs 245.30 crore in the fourth quarter previous fiscal.
Venture capital hustle on hold as video calls replace coffees
While governments race to suppress the spread of Covid-19 by restricting travel and discouraging meetups, startup founders are pressing ahead.
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