Reliance to invest ₹1.5 Tn in green energy💸
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RIL to invest ₹1.5 tn in the green energy business
Amid the increasing push for sustainable global practices among large industrial houses, billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) said it is committed to double its investment target for green energy to ₹1.5 trillion, as part of the company’s initiatives to expand its renewable energy portfolio.
Elon Musk's X gives a massive payout to premium subscribers, netizens share details
Elon Musk-led Twitter has paid premium users thousands of dollars this week in advertising revenue. The move - shared widely by exultant netizens - will benefit X Premium users who have garnered at least 15 million impressions in 3 months.
Ananya Birla’s Svatantra buys Sachin Bansal’s Chaitanya for ₹1,479 crore
Almost a year after the Reserve Bank of India rejected Sachin Bansal’s universal banking licence, Flipkart co-founder has sold the microfinance company he acquired in September 2019.
Indian portfolio firms Swiggy, Lenskart, FirstCry, OfBusiness preparing to go public soon: SoftBank’s Navneet Govil
Govil, after announcing SoftBank’s earnings for the June quarter in Tokyo, said the fund’s top India bets are lining up for the bourses.
TCS wins six-year-long Government e-Marketplace mandate
The six-year-long deal will target gross merchandise value-based milestones (GMV) during its timeline. The deal financials were not disclosed.
Laptop, tablet sales jump on import curbs
Sales of laptops and tablets surged up to 25% last weekend over the previous weekend following the government's decision to restrict their free import.
Debt recovery and legal automation platform Credgenics has raised $50 million in a Series B funding round led by Westbridge Capital and Accel with participation from Tanglin Ventures, Beams Fintech Fund and other strategic investors.
Tech-enabled sourcing platform Bidso has raised $1.5 million led by PeerCapital with a $1.2 million investment as part of the seed round and a pre-seed amount of $300k by DeVC and other investors including Mohit Sadaani, Nishit Garg, OfBusiness Founders Fund, Saurabh Jain, and Revant Bhate.
Ice cream brand Go Zero has raised $1 million in its pre-Series A funding round led by DSG Consumer Partners, Saama, and V3 Ventures, with participation from angel investors Shantanu Deshpande, Arjun Purkayastha, Nikhil Vora, Krishi Fagwani, and others.
Direct-to-consumer (D2C) ayurvedic babycare platform BabyOrgano has secured $150K in pre-seed funding led by DevX Venture Fund.
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“Difficult roads often lead to beautiful destinations.”
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