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Koo with IPPB to enable financial inclusion in remote cities

India Post Payments Bank (IPPB) has partnered with Koo. IPPB has signed a memorandum of understanding (MoU) with Koo to boost financial inclusion and literacy in the country....

SEBI approves Navi Technologies’ Rs 3,350 crore IPO

The Securities and Exchange Board of India (SEBI) has approved Sachin Bansal’s fintech startup Navi Technologies for an Initial Public Offering (IPO). In March this year, Navi Technologies submitted draft papers to SEBI in order to raise up to Rs 3,350 crore through a fresh issue of shares....

Tata Group plans to acquire stake in Bisleri International

The Tata Group has made an offer for a stake in India’s largest packaged water company, Ramesh Chauhan-owned Bisleri International. The talks are said to be initiated by the Tata group FMCG arm TCPL....

In 2022 passenger vehicle sales may reach a record level of 40 lakh units

This year the domestic passenger vehicle sales may reach a record level of nearly 40 lakh units due to strong demand and companies finding ways to enhance production despite semiconductor shortage, according to a senior official of Maruti Suzuki India. ...

Yulu raises $82Mn in Series B round

Electric mobility startup Yulu has raised $82 million in equity funding led by US-based Magna International in a Series B funding round including existing partners like Bajaj Auto Limited....

Mensa Brands takes over MyFitness

Mensa Brands announced that it has taken over healthfood startup MyFitness. The amount of the deal is not disclosed. Mensa Brands acquired the company with an aim to make it a Rs 1,000 crore brand in the next three-four years. ...

Ramdev to soon bring IPO of Patanjali brands

Ramdev has announced to launch the initial public offering (IPO) of four companies which will then be listed on the stock exchange. In an interview, Ramdev said these companies are Patanjali Ayurved, Patanjali Wellness and Patanjali Medicine and Patanjali Lifestyle. The companies will be listed on the stock exchange during the next five years....

US recovers cryptocurrency worth $30Mn from Lazarus hackers

More than $30 million worth of cryptocurrency stolen by the North Korea-linked Lazarus Group from online video game Axie Infinity has been recovered. The seizures represent approximately 10% of the total funds stolen from Axie Infinity....

19 loss-making CPSEs returned to profit in FY21

Data from the Public Sector Enterprises Survey 2020-21 showed that 19 central public sector enterprises (CPSEs) including Chennai Petroleum Corp (CPCL), Western Coalfields (WCL), and National Fertilizers (NFL), returned to profit in FY21 from loss....

Apple discontinues older iPhones including 13 Pro

Tech giant Apple has officially discontinued older iPhones, including iPhone 11, 12 Mini, 13 Pro, and 13 Pro Max. The tech giant has replaced the outgoing Pro models with the launch of new Pro models in Apple’s iPhone line-up. ...