Indigenous short-video platform Moj has signed a “multi-year" licensing deal with music label T-Series, allowing the platform entry to the labels’ music library. The company had posted a similar deal with multiple music labels, including Times Music and Zee Music, in October last year, but is the first to ink long-term music licensing agreement with a label.

A major effort is afoot to reorganise the Shriram Group, a household name in Tamil Nadu that became known for its chit fund business & is now also widely known for truck financing and consumer lending. A restructuring appears inevitable in order to give investors in the group’s unlisted holding company an exit option. The Chennai-based group has emerged as a financial and real estate amalgam.

The rupee builds up against the US currency for the third straight session on Wednesday, closing 9 paise higher at 74.19 (provisional) amid a rally in domestic equities. At the interbank forex market, the rupee opened at 74.16 and hit an intra-day high of 74.08 and a low of 74.24. It finally settles at 74.19, higher by 9 paise over its last close.

As many as 52,732 startups have been gained from the department for the promotion of industry and internal trade (DPIIT) startup recognition initiative as of July 21, 2021, Parliament was informed on Wednesday. 'Startup India' is a flagship initiative of the government which aims at creating a strong ecosystem for taking care of innovation and startups in the country.

Nuvoco Vistas suggests opening its initial public offering of Equity Shares (the “Offer”) on Monday, August 09, 2021, & close on Wednesday, August 11, 2021. The price band for the Offer has been determined at Rs560 – Rs 570 per Equity Share. Nuvoco Vistas Corporation Limited is the fifth largest cement Company in India & the largest cement company in East India.

UTI Asset Management Company-led UTI Mutual Fund has introduced an open-ended equity scheme funding in a maximum of 30 stocks across market caps – ‘UTI Focused Equity Fund’. The New Fund Offer opens on August 04, 2021, and closes on August 18, 2021. The scheme will re-open for subscription and redemption on an ongoing basis from August 26, 2021.

The Competition Commission of India (CCI) obtained a notice relating to the acquisition of equity stake in PNB Housing Finance Limited (Target) by Pluto Investments S.à r.l. (Pluto) and Salisbury Investments Private Limited (Salisbury), under Green Channel. Notice received under the Green Channel is considered to be approved under regulation 5A of the Competition Commission of India.

Ramkrishna Forgings Limited, one of the prime supplier of rolled, forged and machined products have collected its first-ever order in the EV segment from a Foreign Multinational Tier 1 OEM in India. The order marks the beginning of a new segment for the Company having possibilities for global expansion, the company said in the press note.

Indian Hotels told in the regulatory filing that the company’s board to examine fundraising options on August 9, 2021. "We wish to inform you that at the Meeting of the Board of Directors of the Company to be convened on August 9, 2021, the Board shall be considering fundraising options for the Company, as it may deem appropriate."

lnfomerics Valuation Industries Rating Pvt. Ltd has amended the credit ratings of BCL Industries Limited. The rating on long-term Bank Facility- Cash Credit is revised to IVR A/Stable from IVR A- I/Stable. The credit rating agency revised the rating on long-term Bank Facilities - Term Loan to IVR A/Stable from IVR A- I/ Stable. BCL Industries Ltd landed at Rs256.30 per piece up by Rs1.55 on BSE.

Leading Enterprise in Advanced Pooling (LEAP), garnered $34 Mn via a secondary funding round led by Schroder Adveq and IIFL fund. Early investors Mayfield Fund, IndiaNivesh, and SixSense Ventures have announced a partial exit with this round. LEAP provides a suite of products and services for transportation and storage management, distribution, and warehousing for supply chain operations.

Ace investor Rakesh Jhunjhunwala-promoted Akasa Air secured a no-objection certificate from Civil Aviation Ministry and DGCA. Akasa Air is aiming to begin operations by end of 2021. The airline is expected to opt for Boeing fleet of narrow-body aircraft and is expected to receive air operator permit post aircraft acquisition.

Adani Ports and Special Economic Zone (APSEZ) cargo volume guidance has been revised to 350 - 360 MMT, a growth of 45%. This includes 10 MMT of incremental volume from existing ports and 39 MMT of Gangavaram port (GPL) which will be consolidated from April ‘21. The increased cargo volume target is expected to deliver to unprecedented YoY growth of about 45%.

Filatex India announced that the scheduled installation of 30 MW Captive thermal power generation at Dahej unit has been successfully completed and commenced commercial operations w.e.f. August 4,  2021. Filatex India ended at Rs104.85 apiece down by Rs1.5 or 1.41% from its previous closing of Rs106.35 apiece on the BSE.

Honda Cars India delivered 6,055 units in the domestic market and exported 918 units in the month of July’21. The automaker dispatched 5,383 units in domestic sales on July'20 amidst COVID led restrictions. The export numbers stood at 282 in July’20. The company have streamlined supplies in line with market activity. Barring few locations, dealer outlets were mostly operational last month.