Companies

BENGALURU : Angel network Faad Network Pvt. Ltd said on Monday it has received approval from the Securities and Exchange Board of India (Sebi) to launch a ₹300 crore category-I alternative investment fund (AIF). Faad will invest the capital from its latest angel fund in early-stage pre-seed to Series A technology companies. The firm is …

Faad Network gets Sebi nod to launch ₹300 crore angel fund indiabusinessport.com Read More »

Quick service restaurant McDonald’s India (North and East) on Monday said it will hire around 5,000 people as it looks to double its outlets to cross 300 restaurants in the region over the next three year.  McDonald’s India largest restaurant has been set up at Guwahati, which is spread across 6,700 sq ft with a …

McDonald’s to hire 5,000 people, plans to double stores in North, East India indiabusinessport.com Read More »

Microsoft on Monday said it was investing in the London Stock Exchange in a deal that will see the stock exchange use the software giant’s data and cloud infrastructure. Microsoft MSFT, -0.80% is going to buy a 4% stake in the London Stock Exchange LSEG, 4.00% — valued at £1.5 billion ($1.8 billion) using Friday’s …

Microsoft buys stake in London Stock Exchange indiabusinessport.com Read More »

The domestic air passenger traffic has risen by around 3% month- on-month to nearly 117 lakh in November, ratings agency Icra said on Monday. In October, the air passenger traffic was recorded at 114 lakh passengers, 10% higher as compared to September. Air travel sentiment is traditionally the strongest in the third quarter of October-December …

Domestic air passenger traffic rises 3% on-month in November indiabusinessport.com Read More »

MUMBAI : upGrad, Asia’s largest higher Edtech Company, has announced two strategic appointments to further strengthen its domestic footprints, effective November 2022.  Brijesh Nain and Paras Jhaveri have joined the global higher edtech company as the Business Unit Head and Vice President – Finance, respectively. Nain, in his new role, will focus on strengthening upGrad’s …

upGrad strengthens its domestic leadership with two strategic appointments indiabusinessport.com Read More »

Roche said on Monday the head of its pharmaceuticals division had decided to leave after 16 years with the Swiss drugmaker, heralding a wider reshuffle in addition to a planned CEO changeover early next year. Bill Anderson, the former boss of Roche’s Genentech unit, would quit at the end of the year “to pursue opportunities …

Roche Pharma CEO Bill Anderson to leave company indiabusinessport.com Read More »

BENGALURU: Seed-stage focussed venture capital firm Java Capital on Monday launched its first fund with a corpus of ₹75 crore, with a greenshoe option of ₹25 crore. The fund has marked the first close at ₹30 crore and expects to do a final close in the next six months, it said in a statement. It …

Java Capital launches ₹75 crore seed stage fund indiabusinessport.com Read More »

NEW DELHI: Nutritionalab Pvt. Ltd brand Wellbeing Nutrition, a direct-to-consumer company, has raised $10 million, or around ₹85 crore, in a Series B round led by Hindustan Unilever Ltd. (HUL) and Fireside Ventures. Avnish Chhabria and Saurabh Kapoor, the company’s cofounders, will continue to operate all functions of the business. HUL and Fireside Ventures will …

Wellbeing Nutrition raises $10 million in Series B from HUL, Fireside Ventures indiabusinessport.com Read More »

Real estate company Macrotech Developers Ltd, promoter group of Lodha, on Monday announced that the company has raised approximately Rs. 3,547 crores by selling approximately 7.2% of the equity share capital of the company through a Qualified Institutional Placement (QIP) by way of offer for sale. The issue opened on December 07, 2022 post market …

Macrotech Developers raises nearly ₹3,547 cr through QIP, shares rise indiabusinessport.com Read More »

Dalmia Cement (Bharat) Limited (DCBL), wholly owned subsidiary of Dalmia Bharat Limited, today announced an agreement to acquire clinker, cement and power Plants from Jaiprakash Associates Limited and its associate having total cement capacity of 9.4 MnT at an enterprise value of ₹5,666 crore. This includes clinker capacity of 6.7MnT and thermal power plants of …

Dalmia Cement to acquire cement assets of Jaypee Group for ₹5,666 crore indiabusinessport.com Read More »