May 2022

Sterlite Power wins Rs 1,600 crore orders for power transmission projects
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Power transmission company Sterlite Power announced it has bagged orders worth Rs 1,600 crore from from Power Grid Corporation (PGCIL), Damodar Valley Corporation (DVC), and West Bengal State Electricity Transmission Company Limited (WBSETCL). The orders are for installation and supply...
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Wearing Helmet Unstrapped And Without ISI Mark To Attract ₹ 2,000 Fine
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According to the latest updates to the Motor Vehicles Act, wearing helmets improperly by two-wheeler riders can attract fines of up to ₹ 2,000. These fines can be imposed regardless of whether riders are wearing helmets, and include violations for...
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Virat Kohli-backed Digit Insurance plans to raise ₹4,000 crore in IPO
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Digit has served more than 20 million customers across car, bike, health and travel insurance, as per its website. India's Digit Insurance, backed by Canadian billionaire Prem Watsa's Fairfax Group, is considering raising about $500 million in an initial public...
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Travel aggregator ixigo appoints Rahul Gautam as Group CFO
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The appointment will come into effect from May 5, 2022, the company said, adding that Gautam would be replacing former Group CFO Ravi Gupta, who resigned due to "personal reasons". Travel aggregator ixigo on May 4 announced the appointment of...
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Aadhar Housing finally gets SEBI nod for IPO after 15 months of filling draft papers
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Blackstone-backed BCP Topco holds 98.72 percent stake in Aadhar Housing and it plans to raise Rs 5,800 crore by pairing its controlling stake in the housing finance company. After 15 months of filling draft papers, Blackstone-backed Aadhar Housing Finance Ltd...
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Goldman Sachs likely to invest Rs 2,700 crore in PharmEasy parent
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Goldman Sachs is in advanced talks to invest about $350 million (Rs 2,700 crore) in API Holdings Ltd, the parent of online pharmacy PharmEasy, in a structured debt transaction, people in the know said. The debt will carry an interest...
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