Latest business news India today 11 May 2021

Here’s today business news, the latest business news India today 11 May 2021.

• JSW Hydro Energy is said to have raised $707 million through offshore bond issuance.
• The board of directors of IndiGo has approved raising up to Rs.3,000 crores through QIP.
• Rulezero, a legal platform, is said to have raised Rs.10 crores in a seed funding round led by Rainmatter Capital.

• BharatPe is said to have raised Rs.50 crores as debt funding from NBFC Northern Arc Capital.
• Dabur India has entered the pain relief spray category with the launch of ‘Rheumatil’.
• Steel Strips Wheels, an auto components maker, is said to have bagged orders worth approx. Rs.54 crores from Europe and the US.
• Sudatta Mandal has taken charge as deputy MD, Sidbi.

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Latest business news India today 11 May 2021 – business news headlines today

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• Ahluwalia Contracts has reported to have entered into a settlement agreement, resolved the payment issues with A2 Interiors Products, and is filing an application to withdraw the insolvency proceedings.
• LIC has further eased guidelines for the claim settlement process to help customers during the coronavirus pandemic.
• Oleev will reportedly be launching a sub-brand Oleev Kitchen in June to enter into Ready-To-Eat and Ready-To-Cook segments.
• Vijaypat Singhania and a Pune businessman have reportedly approached the Bombay High Court seeking its intervention to direct the central government, through DGCA and ICAO to change India’s country code or registration alphabets for all Indian aircraft. They have argued that India’s current country code is ‘VT’ which stands for ‘Victorian’ or ‘Viceroy Territory’.
• Federation of Associations in Indian Tourism & Hospitality is said to have made suggestions to RBI, the finance ministry, and the tourism ministry for taking up measures on an urgent basis to protect businesses and jobs in the sector.
• Yamaha Motor will reportedly temporarily suspend its motorcycle production at two plants in India due to the rising number of covid-19 cases.
• Vistara will start operating non-stop flights between Indian and Japan from June 16.

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Latest business news India today 11 May 2021 – business news India today

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• Blackstone Real Estate is said to have acquired Embassy Industrial Parks from Warburg Pincus and Embassy Group for an enterprise value of $700 million.
• Baring Private Equity Asia sold a 3.14% equity stake in Coforge Ltd for Rs.616 crores via an open market transaction.
• SBI Card is said to have raised Rs.455 crores by bond issuance.
• Sudhir Sitapati, HUL is reported to be stepping down from the role of executive director- foods and refreshment business for pursuing an external opportunity. Srinandan Sundaram will be taking over the charge from him.
• Twitter had donated $15 Million towards covid relief in India. Twitter CEO Jack Patrick Dorsey tweeted that the amount has been split between three NGOs – Care, Aid India and Sewa International USA.
• Snapdeal has launched a platform called ‘Sanjeevani’ to connect patients with plasma donors.
• Ola Foundation is said to have partnered with GiveIndia to provide oxygen concentrators for free through its app. The service will start rolling out from Bengaluru.

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