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News on Medial
Eicher Motors incorporates wholly-owned subsidiary in Netherlands
Money Control
·
1y ago
Medial
Eicher Motors, the parent company of Royal Enfield, has incorporated a new wholly-owned subsidiary named Royal Enfield Europe B.V. in the Netherlands. This subsidiary will focus on providing non-motorcycle products, including parts, spares, apparel, and accessories to customers in the region. Eicher Motors now holds 100% equity share capital and control of Royal Enfield Europe B.V. The incorporation is effective from March 21, 2024. This move aims to facilitate better availability of products for customers and aligns with Eicher Motors' core operations in manufacturing and selling Royal Enfield motorcycles and related products globally.
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Ananya Birla founded Svatantra to acquire Sachin Bansal's Chaitanya for Rs 1,479 crore
IndianStartupNews
·
2y ago
Medial
Billionaire Kumar Mangalam Biral daughter Ananya Birla founded Svatantra Microfin said it will be acquiring Chaitanya India Fin Credit, a wholly owned subsidiary of Sachin Bansal's Navi Group (Navi) for Rs 1,479 crore.
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ICICI Bank sells 18.8% stake in NIIT Institute of Finance Banking
Economic Times
·
1m ago
Medial
ICICI Bank sold its entire 18.8% stake in NIIT Institute of Finance Banking and Insurance Training Ltd for Rs 6.1 crore to NIIT Ltd, ceasing its status as an associate of the bank. Following this transaction, and the acquisition of an additional 0.49% stake from individual shareholders, NIIT Ltd now wholly owns NIIT-IFBI. This sale was approved by ICICI Bank's board in April 2025, making IFBI a wholly owned subsidiary of NIIT.
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Tata Steel acquires 179 crore shares in Singapore subsidiary T Steel Holdings for Rs 1,562.54 cr
Economic Times
·
1m ago
Medial
Tata Steel Limited has acquired 179.10 crore shares in its Singapore-based subsidiary, T Steel Holdings Pte. Ltd., for approximately Rs 1,562.54 crore ($180 million). These shares have a face value of USD 0.1005 each. This acquisition is part of Tata Steel's plan to infuse up to $2.5 billion into the subsidiary during the financial year 2025-26, as previously disclosed. The subsidiary remains wholly owned by Tata Steel after this capital infusion.
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Delhivery To Set Up Subsidiary To Manufacture Drones
Inc42
·
1y ago
Medial
Delhivery, a logistics unicorn, has announced the establishment of a wholly-owned subsidiary called Delhivery Robotics India. The new subsidiary aims to manufacture drones and offer freight air transportation services. Delhivery Robotics India will provide Drone as a Service (DaaS) for shipment movement and remote sensing. Additionally, it will engage in manufacturing and selling unmanned aerial vehicles (UAVs) globally, with the manufacturing and procurement of composite airframe components being outsourced. Delhivery's UK-based subsidiary, Delhivery Corp Ltd, has also been approved for liquidation.
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PB Fintech to set up payment aggregator subsidiary
Economic Times
·
1y ago
Medial
PB Fintech, the parent company of Policy Bazaar, has announced the formation of its subsidiary named PB Pay Private Limited. This wholly-owned subsidiary will function as a payment aggregator, facilitating both domestic and cross-border transactions. The company aims to support merchants with offline and digital payment acceptance infrastructure. The paid-up share capital for PB Pay will be Rs 27 crore. The incorporation of the subsidiary is subject to approval from the relevant authorities.
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Reliance to acquire snacking brand TagZ Foods for ₹28 crore
Inc42
·
8m ago
Medial
Reliance Consumer Products, a wholly owned subsidiary of Reliance Retail, is reportedly acquiring D2C snacking startup TagZ Foods for ₹28 crore. TagZ has raised a total funding of about $3.2 million across multiple funding rounds till date. Sources had earlier claimed that the brand had stopped production due to mounting losses.
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Zomato To Surrender RBI Licence To Operate As An Online Payment Aggregator
Inc42
·
1y ago
Medial
Zomato's subsidiary, Zomato Payment Private Limited (ZPPL), has decided to surrender its certificate of authorization obtained from the Reserve Bank of India (RBI) to operate as an online payment aggregator. ZPPL had received the license in January 2024 but has now decided to surrender it voluntarily. However, other operations of ZPPL will continue. This announcement comes after Zomato had incorporated ZPPL as its wholly owned subsidiary in 2021 to handle payment aggregator and prepaid payment instrument activities.
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Policybazaar to get ₹350 crore investment from parent PB Fintech
BQ Prime
·
1y ago
Medial
PB Fintech, in an exchange filing on Friday, said it is investing nearly ₹350 crore in its wholly-owned subsidiary Policybazaar Insurance Brokers Private Limited. The investment will be made in exchange for over 58 lakh shares of Policybazaar. As per the filing, funds will be infused in one or more tranches during the financial year 2023-24 and 2024-25.
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Mobikwik secures SEBI nod to launch stockbroking operations
Entrackr
·
1m ago
Medial
Mobikwik secures SEBI nod to launch stockbroking operations Fintech firm Mobikwik has received approval from the Securities and Exchange Board of India (SEBI) to operate as a stockbroker and clearing member through its wholly owned subsidiary, Mobikwik Securities Broking Private Limited (MSBPL). The regulatory clearance, granted under SEBI’s Stock Broker Regulations, 1992, allows the company to buy, sell, and deal in securities on behalf of clients, as well as carry out clearing and settlement of trades. MSBPL may also undertake other exchange-approved activities. Mobikwik had incorporated MSBPL in March 2025, marking its formal entry into the capital markets ecosystem. With this move, the company joins the crowded stock broking space dominated by platforms such as Groww, Zerodha, AngelOne, Upstox, and ICICI Direct. Groww currently leads the sector in terms of active user base, followed by Zerodha and AngelOne. The development signals Mobikwik’s continued push to diversify beyond payments into broader financial services. Soon after launching MSBPL, the company set up a wholly owned NBFC subsidiary, while another subsidiary, Zaakpay, received RBI approval to operate as a payment aggregator.
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NTPC Green Energy launches JV with Maharashtra State Power ahead of stock market debut tomorrow | Company Business News
Livemint
·
8m ago
Medial
NTPC Green Energy Limited has formed a joint venture with Maharashtra State Power Generation Company Limited to develop, operate and maintain renewable energy parks in Maharashtra. The joint venture, named Mahagenco NTPC Green Energy Private Limited, will focus on developing renewable energy projects in the state. NTPC Green Energy is a wholly-owned subsidiary of NTPC Ltd, while MAHAGENCO is owned by the Government of Maharashtra. The announcement comes ahead of the listing of NTPC Green Energy's IPO, scheduled for November 27.
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