Harshil Mathur, CEO and co-founder, Razorpay, said with the situation starting to ease out in parts of the country, the payments firm has seen a spike in transactions in the last few days, particularly in e-commerce. https://www.financialexpress.com/economy/e-commerce-transactions-grow-up-to-25-in-second-week-of-may/1971677/
The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link. https://www.moneycontrol.com/news/india/tamil-nadu-inks-deals-for-over-rs-15100-crore-investment-to-create-47000-plus-jobs-5321801.html
Apoletto Managers, and Arun Sarin’s family office also participated in the round. This deal closed at a valuation of $250 million, according to two people directly aware of the matter. Read more at: https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/ola-financial-gets-rs-205-crore-from-falcon-edge-matrix-partners/articleshow/76022841.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Dow Jones reported that Amazon is in advanced talks to buy Zoox for less than the $3.2 billion valuation from 2018. Read more at: https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/amazon-in-talks-to-buy-autonomous-vehicle-startup-zoox/articleshow/76024192.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
While the scheme has been broadly referred to as the MSME guarantee scheme, the terms of coverage are quite broad and will include other businesses as well. Read more at: https://economictimes.indiatimes.com/small-biz/sme-sector/non-msmes-to-get-cheap-govt-guaranteed-loans-too/articleshow/76026013.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
While the platform is currently offering grocery and other essential products, it may soon take its entire retail portfolio live and integrate its fashion, lifestyle and consumer electronics arms on the platform. https://www.financialexpress.com/industry/rils-mega-plan-not-just-grocery-jiomart-may-soon-take-reliance-retails-entire-offering-online/1971065/
The 3D designed unique and safe face shield provides complete protection to facial area including eyes, nose and mouth from sprays and droplets. The indigenous face shield also provides hassle free respiration and very convenient to use, the company said in a statement. Read more at: https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/capable-of-producing-five-lakh-3d-designed-face-shields-every-month-iti/articleshow/76002346.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
BHEL has floated an Expression of Interest (EOI) inviting global companies to partner with it and leverage its facilities and capabilities for setting up manufacturing base in the country,” a BHEL statement said. Read more at: https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/bhel-invites-global-oems-to-use-its-facilities-capabilities-to-make-in-india/articleshow/75530717.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The funds will be deployed by NBPCL for setting up hydroelectric projects of 225 MW and power components of 12 major multipurpose projects in Madhya Pradesh, the statement said. Read more at: https://economictimes.indiatimes.com/industry/energy/power/pfc-signs-mou-with-nbpcl-to-fund-projects-worth-rs-22000-crore/articleshow/76005086.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
According to preliminary estimates before exploration, total extractable reserve assessed by the coal ministry was about 1,000 million tonne from these two mines. But after preparation of geological reports, it was found that total extractable reserves from both the blocks will just be 500 million tonne because of difficult geo-mining conditions. Read more at: https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/coal-india-arm-to-see-viability-of-merger-of-ntpcs-two-mines-in-chhattisgarh/articleshow/76003809.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
