HCL Tech inks 5-year contract with MKS Instruments for digital services
Mon, Sep 20, 2021 8:40 PM

HCL Tech inks 5-year contract with MKS Instruments for digital services

HCL Technologies declared a 5-year digital transformation deal with US-based MKS Instruments, the company said in a regulatory filing. The partnership is aimed to improve performance, productivity, and agility to market. MKS Instruments is a global provider of instruments, systems, subsystems and solutions for high-level manufacturing processes.

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Social commerce startup Trell buys Womaniya platform
Mon, Sep 20, 2021 8:32 PM

Social commerce startup Trell buys Womaniya platform

Bengaluru-based lifestyle social commerce startup Trell took over Womaniya, a community focused on women’s self-care, for an undisclosed amount. Womaniya is a mobile application only for women, full of trusted information around pregnancy with original videos, infographics, and articles. The community also offers support from gynecologists and experts in a question-answer format and live sessions.

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NDTV releases statement, says no discussion about sale
Mon, Sep 20, 2021 8:24 PM

NDTV releases statement, says no discussion about sale

New Delhi Television Limited (NDTV) floated a statement on Monday concerning the discussions about change in ownership or divestment. NDTV shares rallied on Monday to hit the upper circuit limit amid speculations in the market. “NDTV has no knowledge on why there is a sudden surge in the stock price," it said in a statement to indices.

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Twitter plans to resolve 2016 class action lawsuit for $800 mn
Mon, Sep 20, 2021 8:18 PM

Twitter plans to resolve 2016 class action lawsuit for $800 mn

Twitter Inc said on Monday told to pay $809.5 million to resolve a shareholder class-action lawsuit from 2016 that alleged the company misled investors about its daily and monthly user engagement numbers. The individual defendants and Twitter continue to deny any wrongdoing or any other improper actions, the company said in a regulatory filing.

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Sebi banned 8 entities for fraudulent trade in Videocon shares
Mon, Sep 20, 2021 8:10 PM

Sebi banned 8 entities for fraudulent trade in Videocon shares

Markets regulator Sebi on Monday fined 8 entities for fraudulent trading in shares of Videocon Industries Ltd. Namely, Acuity Merchants Pvt Ltd, Godavari Commercial services Pvt Ltd, Kaberi Goods Pvt Ltd, Invorex Vincom Pvt. Ltd, Coastal Fertilisers Ltd, Akansha Commodities Pvt Ltd, Messrs Agarwal Holdings, and Superdeal Fincom Pvt Ltd. These are fined with an amount of Rs 16 lakh.

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Dedicated Ethanol plants received remarkable response with 197 bidders
Mon, Sep 20, 2021 7:24 PM

Dedicated Ethanol plants received remarkable response with 197 bidders

The first Expression of Interest (EOI) for signing a long-term accord with upcoming dedicated Ethanol plants for the supply of Ethanol has obtained a profused response, with 197 bidders participating in the same. The EOI was published by BPCL on behalf of Oil Marketing Companies under the advice of the Ministry of Petroleum &Natural Gas on 27th August which opened on 17th September.

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RBI declared Rs 15,000 cr bond sale under G-SAP 2.0
Mon, Sep 20, 2021 7:17 PM

RBI declared Rs 15,000 cr bond sale under G-SAP 2.0

The Reserve Bank of India (RBI) on September 20 declared the open market purchase of Government of India securities under the G-sec Acquisition Programme (G-SAP 2.0) and simultaneous sale of Government of India Securities. RBI will lead the open market purchase of government securities under the G-sec Acquisition Programme (G-SAP 2.0) for an aggregate amount of Rs 15,000 cr on Sept 23, 2021.

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EPFO add on 14.65 lakh net subscribers in July
Mon, Sep 20, 2021 7:08 PM

EPFO add on 14.65 lakh net subscribers in July

Retirement fund body Employees Provident Fund Organisation (EPFO) on September 20 posted it added 14.65 lakh, net bidders, during July 2021. "For the month of July 2021, the net subscriber addition has grown by 31.28% as in comparison to the previous month of June 2021 when the total additions were 11.16 lakh," the labour ministry said in a statement.

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CCI nods Adani Ports to acquire 10.4% stake in Gangavaram Port
Mon, Sep 20, 2021 7:07 PM

CCI nods Adani Ports to acquire 10.4% stake in Gangavaram Port

Adani Ports on September 20 got permission from the Competition Commission of India (CCI) to take over a 10.4% stake in Gangavaram Port in  Andhra Pradesh. "Commission approves suggested acquisition of 10.40% equity shareholding of Gangavaram Port by Adani Ports and Special Economic Zones Ltd," CCI said in a statement. The CCI nod comes a month after Adani Ports received the approval from AP govt.

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Cadila Healthcare unit signs pact to sell two brands to Integrace
Mon, Sep 20, 2021 7:03 PM

Cadila Healthcare unit signs pact to sell two brands to Integrace

Cadila Healthcare on Monday posted its subsidiary has signed a pact with Integrace Pvt Ltd to sell two brands -- Mifegest and Cytolog. Zydus Healthcare Ltd, a wholly-owned subsidiary of the company, has signed the agreement with Integrace, a part of the portfolio companies of private equity firm True North. The company, however, did not share the financial details of the deal.

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Deeptech Startup Deep Vision bags $35 mn funding led By Tiger Global
Mon, Sep 20, 2021 7:02 PM

Deeptech Startup Deep Vision bags $35 mn funding led By Tiger Global

Hyderabad and California (US)-based deeptech startup Deep Vision garnered $35 Mn in a Series B financing round, led by Tiger Global. Existing investors Exfinity Venture Partners, SiliconMotion and Western Digital also took part in the oversubscribed round. As per the startup, its leadership position in the Edge AI space is the result of cutting-edge research developed at Stanford.

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NODWIN Gaming buys adjacent IPs, talent business from OML Entertainment
Mon, Sep 20, 2021 6:37 PM

NODWIN Gaming buys adjacent IPs, talent business from OML Entertainment

NODWIN Gaming, South Asia’s chief esports company, and an independent subsidiary of Nazara Technologies Limited took over a Gaming and adjacent IP business of OML Entertainment. NODWIN Gaming has accepted a consideration of Rs73cr as part of an agreement settled between NODWIN Gaming and OML Entertainment. The transaction will provide partial liquidity to OML Entertainment shareholders.

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VST introduces India’s first 9 HP Electric start Power Tiller-95 DI Ignito
Mon, Sep 20, 2021 6:36 PM

VST introduces India’s first 9 HP Electric start Power Tiller-95 DI Ignito

VST Tillers Tractors Ltd (VST), one of India’s major farm equipment manufacturers, today informed the introduction of the 95 DI Ignito - Power Tiller. The 95 DI Ignito is India’s first 9 HP electric start Power Tiller & widest range of Brush Cutters have been specifically introduced to meet the needs of small and marginal farmers who account for more than 80% of the farming community in India.

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HLE Glascoat taking over global biz of Thaletec GmbH
Mon, Sep 20, 2021 6:27 PM

HLE Glascoat taking over global biz of Thaletec GmbH

HLE Glascoat, a major manufacturer of process equipment, on September 17 declared the signing of the definitive contract to obtain the global business of Thaletec GmbH,Germany as well as its subsidiary Thaletec USA, as a part of its strategy to grow its position further in the global markets with innovative technology. Both have mutually agreed that Thaletec will continue to have its brand entity.

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Punjab National Bank reduces Home Loan interest rates
Mon, Sep 20, 2021 6:20 PM

Punjab National Bank reduces Home Loan interest rates

In a series of offers introduced by Punjab National Bank (PNB) during the festival season, PNB has cut the interest rate on home loans above Rs50 lakhs by 50 basis points. PNB has informed that now home loans are offered at 6.60% irrespective of any upper ceiling limit and will be linked with the applicant's credit score.

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