Bengaluru-based space tech startup on February 28 announced that it has raised $2 million from Aditya Birla Ventures and the Small Industries Development Bank of India (SIDBI) Venture Capital (SVCL), bringing their Series A funding round to a close at a total of $12 million. Last year, the startup which works in the space situational awareness (SSA) segment announced that it has raised $10 mn.

Mumbai: Temasek-backed impact investment firm ABC Impact is ramping up investments in India with its second fund. The fund, with a target corpus of $650-750 million, marked the first close at $550 million in January. Around one-third of this amount will be earmarked for social and impact investments in India, Sugandhi Matta, chief impact officer, ABC Impact, said in an interview.

After a 61 percent jump in the stock from its IPO price (listed in August 2023), brokerage house SMIFS sees another 36 percent rise in healthcare company Yatharth Hospitals & Trauma Care Services in the next 12 months.The brokerage initiated coverage with a ‘buy’ call on the stock with a target price of ₹658. SMIFS is optimistic about Yatharth for several reasons.

Reliance Industries has signed a binding agreement with Disney to form a joint venture that will combine the businesses of Viacom 18 and Star India. The deal, which has been in the works for months, will create a media behemoth across TV broadcasting, streaming, movies and sports. As part of the transaction, RIL has agreed to invest around Rs 11,500 crore ($ 1.4 billion) into the JV for its growth

Owais Metal and Mineral Processing IPO opened for subscription today ( February 26, 2024) and closes on February 28, 2024. The IPO price band is set at ₹83 to ₹87 per share.Owais Metal and Mineral Processing ltd main interest is in metal and minerals mining and processing. It engages in the manufacturing and processing of minerals including Manganese Oxide, MC Ferro Manganese!

Swedish property group SBB said on Tuesday that its pre-tax loss narrowed in the fourth quarter and it expected to find it easier to reduce its debt pile this year. Large debts with looming maturities, soaring interest rates and a wilting economy have produced a toxic cocktail for Sweden's property companies, with many seeing their credit ratings cut to junk.

Oil India, a central public sector undertaking, said on February 28 that its board of directors will meet to consider a second interim dividend for fiscal year 2023-24 on March 8. The dividend will be declared on the same date if it receives the board nod, as per a regulatory filing. Oil India had, in November, declared the first interim dividend for FY24 of Rs 3.5 per equity share.

IT firm LTIMindtree has partnered with IBM Quantum Network on February 28 to explore quantum computing innovation across multiple industries. LTIMindtree will also collaborate with the Indian Institute of Technology (IIT) Madras on joint quantum research and workforce development, the company said in a release. IIT Madras houses the IBM Quantum Innovation Center.

M.V.K. Agro Food Product Limited, specializing in sugar production, by-products utilization, and power generation based in Nanded District, Maharashtra, has announced its plan to go public with an Initial Public Offering on February 29, 2024. The company is aiming to raise ₹ 65.88 Crore through this IPO, with shares set to be listed on the NSE Emerge platform.

The Punjab govt has clarified that there is no need for an NOC (no objection certificate) for registration of deeds for sale of land falling in the “abadi deh”.The department of revenue, relief and resettlement has written to the deputy commissioners in the state that it has come to its notice that at some places, sub-registrars are insisting on NOCs.

GPT Healthcare stock is expected to make a positive debut on bourses on February 29. Analysts expect the shares to list at a 5 percent premium over the IPO price, somewhere around Rs 195. Ahead of the listing, the shares were commanding a 9 percent premium in the grey market, an unofficial ecosystem where shares start trading before the allotment in the IPO and continue till the listing day.

Juniper Hotels started off the day on muted note but immediately picked up the momentum and stayed strong for rest of the trading session on February 28, in fact, outperforming the benchmark indices that fell more than 1 percent on account of profit taking. The stock opened at Rs 365 (which was also its day's low), up 1.4 percent over the issue price of Rs 360, and extended upward journey.

Adani Group stocks have witnessed significant investor interest in recent months, evident from notable surge in the share values. The group's decent performance in the third quarter has further bolstered the group stocks to trade at higher levels. Most of the group's stocks have made a robust recovery since the release of a critical report by U.S. short-seller Hindenburg Research in January.

Around 1.01 crore shares of Zomato changed hands through a block deal on February 28 according to Bloomberg data. 1,00,97,160 shares or 0.11 percent stake were traded around price of Rs 156.9. The value of the deal will come around Rs 158.42 crore. In December, Softbank’s venture capital fund, SVF Growth (Singapore) PTE had exited Zomato and sold 9.36 crore shares worth Rs 1,127.51 crore.

At the ongoing Ministerial Conference-13 (MC13) in Abu Dhabi, India called for restoring the World Trade Organization’s (WTO) Appellate Body, a dispute-settlement entity that has been out of action since December 2019. "India reiterated its long-standing position that a credible and reliable WTO Dispute Settlement system is the bedrock of an equitable, effective, secure.