PNB board to consider debt raising plan
New Delhi: Public sector Punjab National Bank will convene a board meeting later this month to decide on its capital raising plan through debt for the next fiscal year.
Affordable fertility facility
New Delhi: AffordPlan, a healthcare finance company, announced a partnership with Milann Fertility & Birthing Hospitals to extend affordable and accessible fertility treatments. AffordPlan's mission is to make healthcare finance easy and affordable, said Aditya Sharma, CEO of AffordPlan. "Since its inception, Milann's endeavour has been to redefine high-tech fertility care in India, said Shailesh Guntu, CEO of Milann Fertility & Birthing Hospitals.
Berkshire's $11.6B deal for Alleghany
New York : Warren Buffett's Berkshire Hathaway is buying the insurance company Alleghany in a deal valued at approximately USD11.6 billion. The acquisition will expand Berkshire's already considerable insurance holdings including brands like Geico auto insurance.
Crayon Motors' e-scooter Envy from Rs 64,000
New Delhi : Electric two-wheeler maker Crayon Motors on Monday launched its new low-speed, electric scooter model Envy at a starting price of Rs 64,000.
The e-scooter comes with features like keyless start, reverse assist, geotagging, digital speedometer, central locking, and mobile charging along with a large boot space, the company said in a statement.
Asian Granito's Rs 500-crore rights issue
Mumbai : Sanitaryware major Asian Granito on Monday announced a Rs 500-crore rights issue to fund its expansion plans. Under this expansion, the company plans to set up three manufacturing units at an investment of around Rs 300 crore in luxury surfaces and bathware segments.
PhonePe announces acquisition of GigIndia
New Delhi : Digital payments platform PhonePe on Monday announced that it has acquired GigIndia, a network for freelance micro-entrepreneurs.
As part of the acquisition, GigIndia, which has 1.5 million entrepreneurs and over 100 enterprises as customers, will integrate with PhonePe, the company said in a statement.
It did not divulge the size of the buyout.
Inflection Point Ventures announces
USD 50 million VC fund
New Delhi : Inflection Point Ventures (IPV), an angel investment platform, on Monday announced the launch of its new fund Physis Capital that will have a corpus of USD 50 million (about Rs 380 crore). The new fund aims to build a portfolio of 15-20 startups with an average ticket size of USD 2.5 million, IPV said in a statement. The fund will actively invest in sectors like vertical commerce, consumer tech, social and content creator, business to business software as a service and enterprise tech, it added.
