Articles

Ruchi Soya To Acquire Food Business Of Patanjali Ayurved Limited, Change Name

Opportunity India Desk May 18, 2022 - 3 min read

Ruchi Soya—a part of yoga guru Baba Ramdev-led Patanjali Group, has entered an agreement to acquire food retail business of its parent company Patanjali Ayurved Limited for INR 690 crore, the company said in a regulatory filing to the stock exchanges. Patanjali acquired Ruchi Soya Industries Limited through an insolvency process in year 2019. The ...

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Creative Dukaan Making A Buzz In E-commerce with ‘KillingTheBoredom’ Campaign

Opportunity India Desk May 18, 2022 - 3 min read

Creative Dukaan, an India-based online store is making a buzz in the Indian e-commerce sector with its innovative approach to break the clutter and provide exclusive products for working professionals. Creative Dukaan is a brand that sells innovative and trending products with core focus on laptop accessories around workplace like designer laptop bags, designer laptop sleeves, ...

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Ideal Chemi Plast Of India Commences Construction Of New Coating Resins Production Facility

Opportunity India Desk May 18, 2022 - 5 min read

DIC (Dainippon Ink and Chemicals) Corporation announced that its wholly owned subsidiary Ideal Chemi Plast has commenced construction of a new coating resins production facility. DIC Corporation has announced that its wholly owned subsidiary Ideal Chemi Plast Private Limited, based in the state of Maharashtra, India, has commenced construction of a ...

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Zetwerk Group Company Commissions Mega Manufacturing Facility

Opportunity India Desk May 18, 2022 - 3 min read

Zet Town India has set up its new state-of-the-art manufacturing facility at Noida. The plant was inaugurated by Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar on Wednesday. The factory comprises 16 manufacturing lines with advanced testers and a world-class innovation lab for product development. With the objective of strengthening India’s manufacturing capabilities ...

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Hero Electric And RevFin Partnership To Provide Loans To Electric Vehicles Riders

Opportunity India Desk May 18, 2022 - 5 min read

Hero Electric has partnered with digital consumer lending platform RevFin to provide loans to EV riders across India. The partnership aims to finance and lease 2.5 lakh vehicles over the next three years. With delivery and e-commerce segments growing exponentially, Hero Electric aims to support and steer the EV transition through partnerships to strengthen the ...

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Not End Of The Road, Flipkart Co-Founder Says After RBI Rejects Banking Licence

Opportunity India Desk May 18, 2022 - 3 min read

The Reserve Bank of India (RBI) has rejected applications for ‘on-tap-bank’ licences of six companies including one operated by Flipkart Co-Founder Sachin Bansal. Four of these six companies had applied for Universal Banks and two for Small Finance Banks. The applications of companies that have been rejected by the RBI include UAE Exchange and Financial ...

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Donation To IIT Madras At All Time High

Opportunity India Desk May 18, 2022 - 4 min read

Indian Institute of Technology Madras has raised a historic all-time high sum of INR 131 crore from alumni, donors, and corporate firms during the financial year of 2021-22 to take its philanthropic and socially-relevant projects further.Despite the pandemic, fundraising has been increasing by over 30 per cent Year-on-Year. The number of corporate firms ...

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Edtech Platforms Struggle As Learning Shifts To Offline

Opportunity India Desk May 18, 2022 - 3 min read

In the last two years, education technology (Edtech) ventures like BYJU’s, Unacademy and Vedantu to name a few have boomed owing to the Covid-induced lockdown which forced people to opt for online learning for their children. In 2020, the Edtech industry was valued at $750 million (around INR 5,625 crore) and was predicted to reach ...

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Fashinza Raises USD 100 M Series B To Create Sustainable Supply Chain For Global Fashion Industry

Opportunity India Desk May 18, 2022 - 5 min read

Fashinza, the AI-driven B2B marketplace and real-time global supply chain platform for fashion brands and retailers announced a Series B funding round totalling USD 100 Million. The round is led by Prosus Ventures formerly known as Naspers Ventures and WestBridge along with participation from existing investors Accel, Elevation and ADQ. The round also saw participation from ...

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Tata Power Partners With Hyundai Motor To Power-up EV Charging Infrastructure in India

Opportunity India Desk May 18, 2022 - 6 min read

Tata Power, one of India's largest integrated power companies and a leading EV charging infrastructure provider has entered into a strategic partnership with Hyundai Motor India Ltd. (HMIL), the country's first smart mobility solutions provider and the largest exporter since its inception, to build a robust EV charging network and accelerate the adoption of EVs ...

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