Business News

India-born Druva raises $147M at $2B valuation

India-born Druva raises $147M at $2B valuation

Pune, April 19 (IANS) Cloud data protection and management company Druva on Monday announced it has raised $147 million led by CDPQ, a global investment group, taking its valuation to $2 billion.The latest funding also has a significant investment by New York-based Neuberger Berman.Founded by CEO Ja...

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Centre nod for credit support for SII, Bharat Biotech

Centre nod for credit support for SII, Bharat Biotech

New Delhi, April 19 (IANS) In a bid to boost vaccine production amid rising Covid cases, the Centre has given in-principle approval for credit to vaccine-makers, the Serum Institute of India (SII) and Bharat Biotech, it was announced on Monday.The Finance Ministry has approved sanction of Rs 3,000 c...

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BPCL starts supply 100 MT of medical grade oxygen to hospitals

BPCL starts supply 100 MT of medical grade oxygen to hospitals

Mumbai, April 19 (IANS) Oil marketing major BPCL has started the supply of medical grade oxygen to hospitals at 'no cost' in the view of shortage impacting critical patients of Covid-19.The company will be supplying around 100 metric tonnes per month."With average daily cases of Covid-19 rising agai...

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Ashok Gehlot govt bets big on renewable energy

Ashok Gehlot govt bets big on renewable energy

With these investments nearly 40,000+ new employment will be added in the state. Out of these investment opportunities, only renewable sector will provide 90% of jobs and that too in the barren land areas of the state, which are less fortunate due to being non-agricultural lands. Jaisalmer, Jalore, ...

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IndianOil starts oxygen supply to Delhi, Haryana, Punjab

IndianOil starts oxygen supply to Delhi, Haryana, Punjab

New Delhi, April 19 (IANS) India's largest refiner, Indian Oil Corporation (IndianOil), on Monday said it has begun the supply of 150 MT of medical oxygen at "no cost" to various hospitals in Delhi, Haryana and Punjab.The first batch of the lifesaver medical grade Oxygen was dispatched on Monday to ...

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Online grocery orders surge as Delhi announces lockdown

Online grocery orders surge as Delhi announces lockdown

New Delhi, April 19 (IANS) With Delhi Chief Minister Arvind Kejriwal ordering a week-long lockdown on Monday, online delivery platforms saw a huge rush in orders, with order waiting time increasing by three-four days in the capital as well as in the NCR.On BigBasket, the online traffic soared, and o...

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NBFC body seeks inclusion of education in ECLGS

NBFC body seeks inclusion of education in ECLGS

New Delhi, April 19 (IANS) The Finance Industry Development Council (FIDC) has urged the government to include the education sector under the Emergency Credit Line Guarantee Scheme (ECLGS).The NBFC body in a letter to Finance Minister Nirmala Sitharaman noted that the business of many NBFCs include ...

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Accura Scan plans to raise funds in 2021 for tech development

Accura Scan plans to raise funds in 2021 for tech development

New Delhi, April 19 (IANS) Accura Scan, a business-to-business (B2B) solution provider plans to raise funds in 2021 with the increasing demand for developing more sophisticated and added features in the technology.Yasin Patel, Founder of Accura Scan said: "We are planning to raise funds this year wi...

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Rising Covid cases, curbs pull markets lower; Sensex down 1.99% (Ld)

Rising Covid cases, curbs pull markets lower; Sensex down 1.99% (Ld)

Mumbai, April 19 (IANS) Rising cases of Covid-19 infections along with imposition of new restrictions on movement to curb the virus' spread, pulled the Indian equity markets lower on Monday's mid-afternoon trade session.Accordingly, all major sectors other than the healthcare were trading in the red...

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User-generated content to fuel remote work, learning in India

User-generated content to fuel remote work, learning in India

New Delhi/Gurugram, April 19 (IANS) As India grapples with the second Covid wave amid seismic shift in the way people work and learn, this year and beyond will be a major inflection point for the user-generated content on smartphones in the country, a new report said on Monday.From the growth of 5G-...

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