MUMBAI: Rajiv Bajaj has said he will step down from the board of Bajaj Finserv due to a significant increase in his responsibilities at Bajaj Auto following the setting up and scaling of two major new subsidiaries: Bajaj Auto Technology and Bajaj Auto Credit. Bajaj has said he will not stand for re-election at the…
NEW DELHI: Adani Energy Solutions (AESL) has inked a securities purchase agreement to acquire a 100% equity stake in IntelliSmart Infrastructure for Rs 3,050 crore. IntelliSmart Infrastructure is a leading smart metering JV between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services (EESL).The proposed acquisition will strengthen AESL’s position as India’s largest smart…
NEW DELHI: Government slammed Pakistan for fake news blaming India for the ongoing violent protests in POK, urging the international community to hold Pakistan accountable for its “misdeeds and abuses”.The ministry of external affairs said it had taken note of a pattern of fake news and videos emanating from Pakistan.“It is a desperate attempt by…
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Blockchain-based lending protocol Morpho said it raised $175 million in a funding round co-led by Paradigm, a16z crypto and Ribbit Capital, as investors bet that credit markets will increasingly move onchain. The round also included Apollo Funds, Circle Ventures, VanEck and Ledger Cathay, according to a post on the Morpho blog. Morpho operates an open…
