Tue, Nov 3, 2020 3:22 AM
PNB reports 18% decline in Q2 net profit on higher provisions
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Ontario’s pension fund for local government workers agreed to buy Allianz Capital Partners’ stake in Interise Trust, boosting its exposure to the Indian toll-road business. The deal will see Ontario Municipal Employees Retirement System raise its ownership to 34.8% from the current 21.3%. The transaction “increases Omers’ exposure to India’s economic growth.
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IPO of electric two-wheeler-maker Ather Energy has created a lot of buzz in the primary markets since its filed its DRHP with capital markets regulator SEBI. US-based investment giant Tiger Global, through its venture capital fund Internet Fund III Pte Ltd, will offload its stake in Ather Energy. The company's largest shareholder Hero Motocorp has decided to hold its stake in the company.
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AppsForBharat, owner of the devotion platform Sri Mandir, has raised $18 million in Series B funding led by Fundamentum, to scale its India and international operations, onboard new temples, and launch new services. The app has garnered 30 million downloads and aims to expand its offerings to spiritual tourism and prasad delivery.
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