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Here’s today business news, the latest business news India today 12 February 2022.
- Swipe, a fintech startup has raised around $2 million in its seed round of funding from Y Combinator, GFC, Kunal Shah and other angel investors.
- Altigreen Propulsion Labs Pvt Ltd has raised $40 million worth funds in Series A funding round led by Sixth Sense Ventures, Reliance New Energy Ltd along with other equity investors.
- The board of Yes Bank has approved the proposal to seek early redemption of bonds worth Rs 1764 crores.
- Rs 5 per unit dividend has been declared by Brookfield India Real Estate Trust for the Q3 in FY21.
- A short video platform, MX Taka Tak to merge with ShareChat’s Moj for creating a largest platform of short videos for Indians.
- SEBI has restrained Anil Ambani, Reliance Home Finance Ltd and three more individuals from the securities market due to alleged fraudulent activities.
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- Ashok Leyland has reported a net profit of Rs 6 crore in Q3 in comparison to a loss of Rs 83 crore in Q2 of FY21.
- As per the Industrial estimates, electronic chips worth Rs 1.1 lakh crores were consumed in 2020 in India with entire demand met via imports.
- N Chandrasekaran has been re-appointed as the Chairman of Tata Sons for the next five years.
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- Lake Shore India Advisory has recently acquired Viviana Mall in Thane for around Rs 1900 crores from GIC, sovereign wealth fund of Singapore, and Ashwin Sheth Group, a realty developer.
- An exclusive sales and distribution pact has been signed between Dr Reddy’s Laboratories and Novartis India Ltd.
- The Competition Commission of India has approved the Sona Company for acquiring a certain percentage of stake in Sajjan India Ltd.
- RailTel has been awarded with ICAI Award in the Public Sector Enterprises Category for its excellence in financial reporting for 2020-21.
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