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Home  Business

Business

Progcap raises $25mn funding from Sequoia Capital and Tiger Global

Progcap raises $25mn funding from Sequoia Capital and Tiger Global

  • PNB Housing moves SAT against SEBI’s halting of preferential issue

    The capital market regulator has asked PNB Housing to undertake the valuation of shares from an independent valuer before moving ahead with the issue.
  • Honeywell launches authentication tech to prevent counterfeit pharma products

    An acute shortage of drugs to treat symptoms of Covid-19 has led to increased circulation of counterfeit medicines in recent times.
  • Reliance Retail best placed to win share in fresh food, rapidly accelerate store rollout

    Even for e-commerce players, we believe having a store front will be a key competitive advantage, especially for grocery.
  • KKR invests $625 million for controlling stake in Vini Cosmetics

    The Co-Founders will continue to hold a significant stake in Vini and collaborate with KKR in the next phase of the Company's growth.
  • Hyderabad draws big deals amid pandemic

    Sees investments in consumer electronics, eyewear, food & beverage, apparel and jewellery retail segments
  • Air India has time till mid-July to challenge Cairn lawsuit

    With Cairn seeking to recover the award from state-owned entities such as Air India, the government has said it will contest any enforcement.
  • Govt open to more measures to boost economy: Chief Economic Advisor

    According to an assessment by the Reserve Bank, the second wave has cost the nation about Rs 2 lakh crore in terms of output lost.
  • Reliance Group market capitalization surges to Rs 8,000 cr

    The Reliance Group has the largest family of retail shareholders in India, with around 33 lakh retail shareholders in Reliance Power, 9 lakh in Reliance Infrastructure and 8 lakh in Reliance Capital.
  • Automakers initiate production ramp-up with easing Covid restrictions

    As per SIAM data, overall vehicle production in May declined by 57 per cent to 8,06,755 units as compared with 18,75,698 units in April this year.
  • Bank of Maharashtra tops PSU bank chart in MSME loan growth in FY21

    For the full year 2020-21, BoM's standalone net profit jumped nearly 42 per cent to Rs 550.25 crore. I
  • FPIs invest Rs 13,667 crore in Indian markets in June

    In the longer horizon, India will continue to get investments as its economy continues to expand.
  • PayPal raises merchant fees on some of its products in US

    According to Paypal senior vice president Dan Leberman, the company is making changes to its published rates in the US "to better align our pricing with the value that our products and services provide".
  • LG Electronics launches world’s first 83-inch OLED TV

    LG is the first TV maker to release an OLED TV with an 83-inch size display. The 83C1 is also the industry's largest OLED TV with 4K resolution.
  • Recruiting 19,230 graduates in India: Infosys

    Speaking at the company's 40th annual general meeting, Nilekani noted that Infosys is well-positioned for another year of "market-leading performance" in a post-pandemic, cloud-first digital era.
  • AirAsia India operates 9 flights with fully vaccinated crew

    "The sectors flown by fully vaccinated crew included Bengaluru-Kolkata, Kolkata-Bengaluru, Bengaluru-Chennai, Chennai-Guwahati, Guwahati-Bengaluru, Bengaluru-Pune, Pune-Jaipur, Jaipur-Pune and Pune-Bengaluru,"
  • Indians’ funds in Swiss banks: Govt seeks details from Swiss authorities

    Quoting data from Switzerland's central bank, PTI had reported on June 17 that funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions
  • Equity cult spreads from Assam to Andhra in Corona times

    Maharashtra and Gujarat are the quintessential stock market culture states but with the stock markets booming in India over the last year and more investors entering the market due to lack of employment in corona times
  • TN ranks 2nd after Andhra in new job creation under IBPS scheme

    Under the IBPS Scheme, Andhra Pradesh is the highest in employment generation by creating 12,234 new jobs followed by Tamil Nadu at 9,401 while remaining was spread across Punjab, Odisha, Maharashtra, Jharkhand and Bihar, an official press release said.
  • Neuberg Diagnostics to expand in Africa, ME & India, invest Rs 150cr

    "In the international arena the Rs 800 crore turnover Neuberg Diagnostics will expand in African countries (Kenya, Tanzania, Nigeria and Ghana) Middle East," G.S.K.Velu, Chairman and Managing Director said.
  • NTPC among top 50 Great Place to Work in India

    NTPC is the only PSU to consistently feature in India's Top 50 Best Workplaces. This year NTPC ranked 38th, up from 47th position last year.
  • Inmates of late Baba Amte’s ‘Anandwan’ to receive Covaxin

    Dr Krishna Ella, CMD, Bharat Biotech, an alumnus of Anand Niketan College of Agriculture of Warora (Maharashtra), learnt in one of his regular call with the Anandwan management that the inmates were affected by the pandemic
  • Grofers co-founder Saurabh Kumar exits company

    The development comes at a time when the SoftBank-backed company is looking at launching an initial public offering (IPO). Dhindsa, in a tweet on Friday, said he spent the last 8 years building Grofers with Kumar and that "SK is moving on to other challenges".
  • India’s FY22 GDP expected to grow by 8.7%: MOFSL

    "Due to the ferocious second Covid wave, we have revised down our real GDP growth forecasts. Compared with our Mar'21 forecast of 30 per cent YoY, we now expect real GDP growth of 21 per cent YoY in 1QFY22, with some downward revision in 2QFY22 as well,"
  • Synchrony ranked among India’s 100 Best Companies to Work

    Ranking number five on the 100 Best Companies to Work for in India, up from number 27 in 2020, Synchrony has earned the recognition for four consecutive years.
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