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The senior EU official said the new sanctions package includes punitive measures on individuals and organizations that assist efforts to circumvent existing EU sanctions on Russia.An EU diplomat said punitive measures should consider oil tankers or "dark fleets" that transport Russian oil...

New Delhi, Technology firm OrionPro Solutions on Friday said it has acquired platform-as-a-service (PaaS) startup Arya.AI for Rs 135 crore and acquired 6 per cent stake in the Mumbai-based firm.A statement from the company said the acquisition is aimed at empowering next-generation enterprise...

New Delhi: Avada Energy on Thursday said it has completed a Rs 4,471 crore refinance deal with the National Bank for Financing Infrastructure and Development (NABFID) for its four solar projects in Rajasthan.The financing from NaBFID will enable Avada Energy to prepay existing loans from...

The funding will be used for the next phase of Unicus's growth, which will be fueled by the expansion of existing solutions, the launch of adjacent service offerings and geographic markets, and continued investment in technology, the company said.“The current round of funding will enable us to...

New Delhi, IIFL Finance on Wednesday said its board has approved raising Rs 1,271.83 crore from a rights issue at a price of Rs 300 per share.Last month, the IIFL board had approved raising funds not exceeding Rs 1,50 crore by issuing shares on rights basis to existing eligible shareholders as...

Bengaluru, Imagine a tool that not only predicts the onset of weather anomalies – such as the current heat wave – but also alerts farmers about what needs to be done in the specific context of the crops they have planted. Chosen for farming.This may soon be possible due to rapid advances in...

The round also saw participation from Riverwalk Holdings and an existing investor, Rebright Partners.According to the company, the funding will be used to launch new AI-driven modules, global growth and hiring.Naama Vijay said, “E-commerce is a space where vertical AI products will see much...

New Delhi: Venture capital fund Tomorrow Capital on Tuesday said it has raised USD 2.7 million (over Rs 20 crore) for Gurugram-based kidney car startup Vituscare.In addition to Tomorrow Capital's contribution, the Series A funding round will include participation from existing investor 1Crowd...

Ahmedabad (Gujarat) [India], April 15 : Adani Group subsidiary Ambuja Cements has signed an agreement to acquire My Home Group's 1.5 MTP (million tonne per annum) cement grinding unit in Tuticorin, Tamil Nadu. The company release said the acquisition is valued at Rs. 413.7 crore and funded from...

New Delhi: Homegrown social media company ShareChat on Monday announced it has raised US$49 million (about Rs 407 crore) through convertible debentures from existing investors Lightspeed, Temasek and Alcan Capital, among others.According to a release, the capital raise will help the company...

New Delhi: Homegrown social media company ShareChat on Monday announced it has raised US$49 million (about Rs 407 crore) through convertible debentures from existing investors Lightspeed, Temasek and Alcan Capital, among others.According to a release, the capital raise will help the company...

The acquisition, funded from internal accruals, takes Adani Group's total cement capacity to 78.9 MTPA, the company said in a statement.The plant is spread over 61 acres of land with a long term fly ash supply agreement for sourcing the raw material.Ajay Kapoor, CEO-Cement Business Adani...

Mumbai: Locks and security solutions company Godrej Locks has said it aims to increase market share from 30 per cent to 50 per cent in three years based on a new range of affordable products and low prices of existing products.Shyam Motwani, business head, Godrej Locks and Architectural &...

New Delhi: Aiming for a "fair share" of the Indian pharmaceutical market, French drug major Sanofi plans to introduce new drugs and increase localization while expanding the reach of its existing brands through collaboration with domestic pharmaceutical companies. , according to a top company...