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PlanetSpark launches Series-B round to boost learning skills
During Series-B round, PlanetSpark, a platform that aims to improve communication skills in children in K-12 group, raised $13.5 million from Prime Venture Partners and marquee global entrepreneurs including Binny Bansal, MakemyTrip CEO Deep Kalra, Winmy Trip CEO Bad During Series-B round, PlanetSpark, a platform that aims to improve communication skills in children in K-12 group, raised $13.5 million from Prime Venture Partners and marquee global entrepreneurs including Binny Bansal , MakemyTrip...
Updated: 12/07/2021
Sensex trades 1000 points to 57,754 in afternoon trade
In the afternoon, the benchmark indices were trading higher, led by gains in banking and auto stocks. Sensex went up 1000 points to 57,754. In the afternoon, the benchmark indices were trading higher, led by gains in banking and auto stocks. Sensex went up 1000 points to 57,754. The 58 and Nifty was trading 278 points higher at 17,190. Kotak Mahindra Bank , ICICI Bank , Axis Bank and Tata Steel , among others, were among the top Sensex gainers, rising up to 3 per cent in afternoon trade. Dr...
Updated: 12/07/2021
Evergrande fails to make 11th hour bond interest payments
... offered steep discounts on residential developments to spur sales and sold the bulk of its commercial properties. Since the second half of 2020 it has had a $555 million secondary share sale and raised $1.8 billion by listing its property management unit, while its EV unit sold a $3.4 billion stake. It said in September that asset and equity disposal plans didn't make any progress. The company has sold new shares in the company and stakes in units such as HengTen Networks Group Ltd to raise capital....
Updated: 12/07/2021
Nature Fix Climate NFC Ventures aims to raise $200 million for first close
Nature Fix Climate NFC Ventures, a $200 million venture capital fund that was founded by Harsha Moily, son of former Karnataka chief minister and union minister Veerappa Moily and former Abraaj India MD Balaji Srinivas, hopes to hold a first close in the first quarter of 2022 Nature Fix Climate NFC Ventures, a $200 million venture capital fund that was founded by Harsha Moily, son of former Karnataka chief minister and union minister Veerappa Moily and former Abraaj India MD Balaji Srinivas...
Updated: 12/07/2021
BlackRock, investors in $15.5 billion oil and gas Pipeline deal
... capacity to 13 million barrels by 2027 from 12 million barrels. Aramco Gas Pipelines Co., the new subsidiary, will receive a tariff for flows through the network. Aramco, which guarantees certain levels of throughput, will retain a 51% stake in the unit. Aramco said the deal will strengthen its balance sheet. The firm's debt levels went up last year after it took control of chemicals maker Sabic for $69 billion and oil demand fell with the onset of the coronaviruses epidemic. The financial position ...
Updated: 12/07/2021
Last month was best for new van sales despite semiconductor shortage
... to changing consumption patterns, with a larger appetite from consumers for online deliveries. Concerns about supply chains has prompted businesses to stock items or secure arrangements on items, which has boosted demand and need for vans. The SMMT states that the UK is the sixteenth largest automobile manufacturer in the world, and the industry employs 864,300 people in Britain, with 155,000 directly involved in the manufacturing process. The three most in demand vans last month were the Ford Transit ...
Updated: 12/07/2021
Asian stocks open higher on Omicron fears
Asian stocks opened higher on Tuesday as investors took heart from the strong rebound on Wall Street on hopes that the newest coronaviruses variant will prove less dangerous than previously feared. Asian stocks opened higher on Tuesday as investors took heart from the strong rebound on Wall Street on hopes that the newest coronaviruses variant will prove less dangerous than previously feared. The Omicron variant has been detected across the globe but no deaths have yet been reported, with authorities...
Updated: 12/07/2021
Metro Brands IPO expected to open on December 10
The initial public offering IPO The IPO of Metro Brands is expected to open on December 10th, and will be backed by ace investor Rakesh Jhunjhunwala. The initial public offering IPO The IPO of Metro Brands is expected to open on December 10th, and will be backed by ace investor Rakesh Jhunjhunwala . Rakesh Jhunjhunwala 's wife is the third-largest shareholder in the company, owning a 14.73 per cent stake. Metro Brands is the second IPO of a firm backed by Rakesh Jhunjhunwala this month, followed...
Updated: 12/07/2021
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