Corporate

London has emerged the best city in the world for entrepreneurs to either set up a new business or expand existing operations due to its world-class tech and venture capital ecosystem, a recent survey by drop-shipping platform Oberlo has revealed.

Maximl, India’s first connected worker platform for deskless workers, today announced that it won a contract of $1Mn from Indian Oil Corporation Ltd.

Sterlite Power, a global developer of power transmission infrastructure, announced the successful financial closure of the project set up by Udupi-Kasargode Transmission Project Ltd (UKTL). It has secured the entire debt funding of INR 580 crores from one of India’s largest power sector lenders, REC Limited (REC.).

CanAm is pleased to announce that its Jefferson Energy Terminal EB-5 project received Exemplar I-526 Petition approval from the U.S. Citizenship and Immigration Services (USCIS) on May 24, 2021.

Innovative wellness, direct to consumer startup Nyumi, conceptualised by entrepreneur Ananya Kejriwal Agarwal enters the fast-growing Nutraceutical space, launching critical products specifically formulated for the urban Indian woman.

Nutraceutical start-up Power Gummies recently raised its second bridge round funding of approximately US$1 million at an undisclosed valuation from investors such as DSG and Pivot Ventures.

Indian multinational and global leader in Solar EPC, Sterling and Wilson Solar Limited (SWSL / Company) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), has announced the appointment of Mr. Amit Jain as Global CEO.

“We are extremely delighted to have Siki on our team,” said Kalyan Kumar, Chief Technology Officer and Head Ecosystems, HCL Technologies. ”Her knowledge in Cloud and Agile software development with a unique lens of industry relevance and proven experience of leading global firms will be of tremendous benefit to #HCLCloudSmart. At HCL she will further strengthen the collective power of our Cloud Services, Frameworks and Products with a business-aligned narrative at the center.” he added.

Reliance Power on Sunday said its board has approved preferential issue of shares and warrants of up to Rs Rs 1,325 crore to promoter company Reliance Infrastructure Ltd (RInfra).

Regulator Irdai is looking for an agency to manage its multi-media grievance redressal centre with a view to address complaints of the insured public against insurance companies.