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The funding round is not concluded yet and the company is in discussions to raise more capital. Oaks Asset Management invested in Hero Electric at a premium of over 100% over the last round of fundraising in 2018, Naveen Munjal, managing director, Hero Electric told ET.
Eight of top 10 firms add Rs 1.76 lakh cr in m-cap; RIL leads rallyReliance became the first Indian company to cross the Rs 11 lakh crore market valuation mark .
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… Read MorePNB puts Rs 4,518 crore towards bad loans in Q4FY20The bank saw its profits decline 37.3 per cent in FY20 to Rs 14,739 crore when compared to the previous fiscal.
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… Read MoreTweet Buster: Why virus hit old firms harder, and how to tackle the DragonDalal Street mavens say boycotting Chinese products is a hard feat to achieve.
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… Read MoreCovid-19 cases, border tension among 7 factors that will steer market next weekThe last leg of March quarter earnings will also trigger stock-specific movements.
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… Read MoreWall Street expects a Covid-19 vaccine before US presidential electionTop virus expert Anthony Fauci, have set their eyes on a vaccine by early 2021 at the earliest
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