Ministry of Ports, Shipping and Waterways is financially supporting 45 Ro-Ro (roll-on-roll-off) ferry projects with total cost of Rs 1,900 crore, an official statement said on Thursday.

The ministry has operationalised Ro-Pax (roll-on-roll-off passenger) ferry service between Ghogha-Hazira in Gujarat and Mumbai-Mandwa in Maharashtra, it added.

The Burman family – promoters of Dabur India – have acquired 14.3 per cent shares in Eveready Industries India, the country’s largest dry cell battery maker, in an open offer that concluded on Thursday.

With this, Burmans’ holding in the company stands at 38.3 per cent. Mohit Burman, who has been spearheading the family's investment in Eveready, said that the open offer had concluded.

Food regulator FSSAI has asked online food platforms like Swiggy and Zomato to ensure compliance of its regulations related to display of nutritional value by food service establishments from July 1.

In a letter to all e-commerce Food Business Operators (FBOs), FSSAI has asked them to make provisions in their platforms, including mobile apps, for display of calorific value and information related to nutrition and allergen.

A demonstration was held here in the Sri Lankan capital on Thursday against the proposed wind mill project to be undertaken by India's Adani group in the northeastern region of Mannar.

The protesters from the Gotagogama (President Gotabaya go home) gathered at the busy Bambalapitiya sector south of Colombo.

An education technology unicorn built by a cable TV-era entrepreneur almost doubled its valuation after raising $225 million in fresh funding, balking a frosty global venture capital environment.

India’s UpGrad Education Pvt, founded by Ronnie Screwvala, increased its valuation to $2.25 billion in the round that included billionaire James Murdoch’s Lupa Systems LLC and US testing and assessment provider Educational Testing Service, according to a person familiar with the deal. ETS develops and administers standardized tests including the TOEFL (Test of English as a Foreign Language) and Graduate Record Examination (GRE).

GE Energy Financial Services, an arm of GE, has acquired a 49 per cent stake in Continuum Green Energy's 148.5 megawatt Morjar onshore wind project in Gujarat for an undisclosed sum.

This transaction marks GE EFS' first onshore wind equity investment in Gujarat through a structured preferred equity solution, the company said in a statement.

The National Investigation Agency (NIA) on Wednesday conducted searches at multiple locations in Jammu and Kashmir linked to a terror funding case, sources said.

The places raided by the Central anti-terror agency are in the Baramulla district of Jammu and Kashmir.

The Economic Offences Wing (EOW) of Mumbai police on Tuesday registered a fresh case against builder Sanjay Chhabria and Dewan Housing Finance Corporation Limited (DHFL) promoter Kapil Wadhwan for allegedly cheating a real estate firm to the tune of Rs 150 crore.

Chhabria's firm Indo Global Soft Solutions Private Limited in connivance with Wadhwan's DHFL allegedly misused Rs 150 crore for wrong gains.

B2B manufacturing and supply chain enablement company Groyyo has raised $40 million in a combination of equity and debt in its Series A round in less than a year of its inception. The round of funding was led by Tiger Global with strong participation from early investor Alpha Wave Global.

This round also saw participation from existing investors Sparrow Capital, Stride Ventures, and angel investors like Bahram Vakil (Founder & Senior Partner at AZB & Partners) and Vineet Gautam (CEO, Bestseller India) with debt partners like Blacksoil & Capsave Finance also participating.

Shares of GR Infraprojects hit a new low at Rs 1,111, down 4 per cent on the BSE in Wednesday’s trade. The stock has tumbled 18 per cent in the last three trading sessions after the Central Bureau of Investigation (CBI) conducted searches at several locations of the company premises.

GR Infraprojects on Monday, June 13, 2022 informed that a team of CBI conducted a search at the residence of Vinod Kumar Agarwal, Chairman and the corporate office of the company situated at Gurugram, Haryana and various other sites.

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