Vedanta Ltd Monday said it has featured on top in the list of the companies in terms of voluntary disclosure on their part.
"Vedanta Ltd scored 9.2/10 on voluntary disclosure in the ‘India Disclosure Index 2018’ compiled by FTI Consulting...," the company said in a statement. The top Indian companies together scored an average of 6.3/10 on voluntary disclosure, the statement said.
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External affairs ministry to explore investment opportunities in Saudi Arabia
* The economic diplomacy division of ministry of external affairs and Trade Promotion Council of India are taking a business delegation from sectors such as infrastructure and entertainment to Riyadh, on November 27-28.
The objective is to explore possible contracts and investment opportunities in the USD 500 billion futuristic mega city projects being developed in Saudi Arabia, the commerce ministry said in a statement.
The projects coming up in Saudi Arabia are part of ‘Vision 2030’, launched by the Kingdom, in order to shift from an oil-based economy to an industrial manufacturing-based productive economy, it added.
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Freyr Energy raises Rs 27 cr led by C4D Partners
* Freyr Energy, a Hyderabad-based rooftop solar company, Monday said it has raised Rs 27 crore led by the Netherlands-based C4D Partners.
The funds from the investment, which is a mix of equity and debt, will be utilised towards strengthening technology platform and enhancing sales and marketing networks, a statement said.
The investment will help create 2,000 direct jobs and support more than 400 micro-entrepreneurs in the next five years, it added.
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Uber introduces 'Uber Care' for driver partners in India
Driver partners will also be able to use the platform to avail micro-loans from Supermoney (GetClarity Fintech Services), it added.
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Ginni Systems acquires Zwing
* Ginni Systems, a retail software company, Monday said it has acquired Pune-based Roxfortech Infosolutions' product, Zwing, for an undisclosed amount.
The acquisition will further strengthen Ginni Systems' position in the market, a statement said. \R
"With this acquisition, we will add a new dimension to our final point-of-sales experience at the store making it convenient for customers to leverage the latest cloud technology, artificial intelligence and omni-channel," Ginni Systems MD Prashant Lohia said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)