TBB BUREAU MUMBAI, JANUARY 6, 2021 E-commerce player Dunzo on Thursday raised $240 million in its latest round of funding to expand its footprint in India. The investment was led by Reliance Retail Ventures Limited (“Reliance Retail”), with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. With an investment of US$200M, Reliance Retail will own 25.8% stake ...

TBB BUREAU BHUBANESWAR, JANUARY 6, 2022 Even as steel behemoth Jindal Steel & Power Limited (JSPL) is bracing for capacity expansion of its integrated steel plant at Angul from 6 million tonnes per annum (MTPA) to 25.2 MTPA by 2030 to make it the largest Plant in the World in a single location, the Company’s Chairman Naveen Jindal has raised serious concern ...

TBB BUREAU BHUBANESWAR, JANUARY 6, 2021 Samco Mutual Fund on Thursday announced the launch of its first new fund offer (NFO) “Samco Flexi Cap Fund”. The NFO will open on 17th of January 2022 and close on 31st Jan 2022. The fund managers of the scheme will be Nirali Bhansali and the dedicated fund manager for overseas investments will be ...

TBB BUREAU BHUBANESWAR, JANUARY 6, 2021 Since the start of the pandemic, Livinguard, the Swiss-based international leader in sustainable & self-disinfecting hygiene technology, has consistently showcased >99% efficacy against SARS-CoV-2 and its variants, with no recovery of viable viruses, and Omicron will be no different. It has been proven effective against the human coronavirus 229E, the original wild variant of ...

TBB BUREAU BHUBANESWAR, JANUARY 6, 2021 Adding to its growing range of digital payments and financial services solutions, Airtel Payments Bank, one of the leading FASTag issuers in India, today announced a collaboration with Park+ to offer FASTag based smart parking solutions to marquee commercial and residential properties across the country. Park+ is the market leader in automating parking spaces ...

TBB BUREAU NEW DELHI, JANUARY 6, 2021 Aligned to the government’s vision of modernizing country’s infrastructure, Prime Minister Narendra Modi recently inaugurated a 9-km long completed stretch of Uttar Pradesh Metro Rail Corporation (UPMRC)’s Kanpur Metro Project. This metro network sports modern coaches manufactured with stainless steel supplied by Jindal Stainless. Rolled out by UPMRC in a record time of ...

TBB BUREAU GURUGRAM, JANUARY 6, 2021 BMW Motorrad India has once again set a new benchmark in performance by achieving the highest ever annual sales by a premium motorcycle brand in India. In 2021, BMW Motorrad India sold 5,191 motorcycles, posting a remarkable growth of 102.5% as compared to 2020. BMW Group India President Vikram Pawah said, “Since entering the ...

TBB BUREAU MUMBAI, JANUARY 5, 2022 Nippon India Mutual Fund (NIMF) on Wednesday announced the launch of Nippon India Silver ETF, investing in physical silver and silver-related instruments. It also announced the launch of Nippon India Silver ETF Fund of Fund (FOF) which will invest in units of Nippon India Silver ETF. “With the First Silver FoF in the Industry, ...

TBB BUREAU BHUBANESWAR, JANUARY 5, 2021 Union Railway Minister Ashwini Vaishnaw will flag off the Puri-Hatia-Puri Tapaswini Express with upgraded LHB Rake on Thursday through videoconferencing from Bhubaneswar Railway Station. In a bid to provide better comfort and jerk free journey to the passengers, Indian Railway has decided to run 18452/18451 Puri-Hatia-Puri Tapaswini Express with modern Linke-Hofmann-Busch (LHB) coaches by ...

TBB BUREAU BHUBANESWAR, JANUARY 5, 2021 The Industrial Promotion & Investment Corporation of Odisha Limited (IPICOL) and GAIL (India) Limited on Wednesday signed a Memorandum of Understanding (MoU) for cooperation in the areas of green hydrogen, green ammonia and renewable energy (solar/wind) for the production of eco-friendly fuels in Odisha. Scope of the MoU inter-alia includes preparing a feasibility study ...