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.

Shares of Varun Beverages (VBL) hit a record high of Rs 805.45, soaring 5 per cent on the BSE in Wednesday's intra-day trade. In comparison, the S&P BSE Sensex was down 0.15 per cent at 52,613 points at 09:22 AM.

The stock has surged 8 per cent in the past two days, in an otherwise a weak market, on expectations of strong earnings.

Industry body COAI on Tuesday named Pramod K Mittal, President of Reliance Jio Infocomm, as the new Chairperson of the association for 2022-23.

Mittal was previously the Vice Chairperson of the Cellular Operators' Association of India (COAI), whose members include Reliance Jio, Bharti Airtel and Vodafone Idea (VIL).

About 88,000 child Covid-19 cases were reported across the US in the week ending June 9, according to a latest report released by the American Academy of Pediatrics (AAP) and the Children's Hospital Association.

Over 13.5 million children have tested positive for Covid-19 since the onset of the pandemic in the country, and nearly 395,000 of these cases have been added in the past four weeks, Xinhua news agency reported, citing the report.

Metropolis Healthcare clarified on the stock exchanges that its promoters have no intention to exit the business after rumours were rife that the Shah family is looking to sell its controlling stake to a strategic investor.

The national diagnostic chain said that it is continuously exploring various strategic options and investment opportunities. Thus, it keeps receiving inbound interest from financial institutions and companies for a potential minority stake purchase in Metropolis Healthcare.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.