Ola renames its express grocery delivery venture as ‘Ola Dash’
Ola has set aside a budget of Rs 250 crore for the grocery delivery business and would undertake it in mid-November ahead of its $2-billion initial public offering.
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Bentley Motors to invest $3.4 billion in EVs
The big investment will also result in a comprehensive modification of Bentleys' entire product portfolio, and the historic Crewe Campus.
IDBI Bank reports a net profit of Rs 578 crore in Q3
The non-interest income depreciated by 20 per cent YoY to Rs 1,148 crore but it stationed a sequential growth of 17 per cent.
Luxury auto dealer Landmark files DRHP to raise Rs 762 crore via IPO
TPG Growth II SF Pte Ltd will offer a sale that incorporates up to Rs 400 crore.
Stock Market update: UltraTech Cement shares down by 2.52% post Q3 results
Consolidated profit after tax (PAT) of Rs 1,708 crore was recorded by the company for the third quarter for FY21 and was higher by 7.8% against Rs 1,584 crore in the year-ago period.
INDmoney raises $75 million in latest funding round
INDmoney has sanctioned the allocation of 42,636 Series D preference shares at an issue price of Rs 562.5 crore or $75 million. Tiger Global, Steadview Capital and DF International Partners have put Rs 187.5 crore or $25 million each.
Govt receives bid from Reliance, Ola & 8 other companies for ₹18,000 crore PLI scheme for batteries
The scheme was available for acquiring applications till 11 am on 14 January and the technical bids were opened on 15 January.
Aether Industries Ltd files DRHP with SEBI for ₹1000 crore IPO
Aether has already raised Rs.100 crore as pre-IPO funding from White Oak Capital and IIFL.
Mensa acquires denim brand High Star
Earlier this month, Mensa acquired Mumbai-based home décor and kitchenware brand Folkulture.
GMR Infrastructure gets NCLT consent for de-merger of non-airport business
The restructuring will result in GIL becoming the country's only pure-play listed airport company.
Hurun India releases 500 most valuable companies list, Reliance tops the chart
Reliance emerges out to be the most valuable company with a market capitalisation of INR 16,65,381 crore.
Top 10 Fortune Global 500 companies in 2021
After reaching a record high of $33.3 trillion in 2020, the total revenue for the companies on the Fortune 500 list fell over 4.8 per cent to $31.7 trillion this year.
Ola’s COO Gaurav Porwal and CFO Swayam Saurabh set to leave the company ahead of IPO launch: Report
CEO Bhavish Aggarwal stated that Swayam Saurabh will be departing from the company to seek other opportunities in mid-December. While Gaurav Porwal will be moving on from his position to “pursue other interests.”
Whirlpool India holds 87% stake in Elica PB with a recent investment of $57 million
After the deal is concluded, Elica PB India will become a majority-owned subsidiary of Whirlpool in India.
Truecaller to launch IPO by listing its Class B shares
It is being planned by Truecaller to list its Class B shares on Nasdaq Stockholm.
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