Indiabulls Real Estate Ltd raises Rs 865 cr through issue of shares
Medilytix Bureau: Indiabulls Real Estate Ltd (IBREL) has raised Rs 865 crore through issue of shares to institutional investors. The Mumbai-based firm had launched its QIP (Qualified Institutional Placement) issue…
Lenskart raises $100 mn in Series-I; may close round at $250 mn at $5 bn valuation
Medilytix Bureau: Leading eyewear retailer Lenskart has raised Rs 760 crore (or nearly 1$00 million) in a new funding round from Alpha Wave Ventures, regulatory filings accessed from business intelligence…
Govt plans to ease compliance burden on pharma sector, says Mansukh Mandaviya
New Delhi: Union Chemicals and Fertilizers Minister Mansukh Mandaviya said the government wants to reduce the compliance burden on the pharma industry for the ease of doing business. Addessing an…
13 IAS officers transferred in Haryana
Medilytix Bureau: Government of Haryana effected major reshuffle in the bureaucracy. Ramesh Chander Bidhan, Director General, Development and Panchayats, has been posted as Director General, Skill Development and Industrial Training.…
As sale of EV rises, some states are marching far ahead
Medilytix Bureau: Driven by increasing consumer interest, government subsidies and new product launches, the share of electric vehicles (EV) in the two-wheeler industry has been steadily increasing. In fact, in…
Cabinet approves extension of Atal Innovation Mission
Medilytix Bureau: The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved continuation of Atal Innovation Mission (AIM), till March 2023. The AIM shall work on its…
Canara HSBC OBC Life Insurance appoints Jyoti Vaswani as new CIO
Medilytix Bureau: Canara HSBC Oriental Bank of Commerce Life Insurance announced the appointment of Jyoti Vaswani as their new chief investment officer (CIO). In her new role, she will be…
Ruchi Soya pays Rs 2925 crore loan post FPO issue
Medilytix Bureau: India’s largest manufacturer of edible oil, Ruchi Soya is ‘debt free’ after its follow-on public offering (FPO). A part of the proceeds arising from the FPO has been…
Covishield, Covaxin prices drop to Rs 225 per shot for private hospitals
Medilytix Bureau: A day before the drive to administer precautionary Covid-19 vaccine dose to all adults begins, both Covishield and Covaxin manufacturers have decided to reduce the prices for private…