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Vedanta visits Pune to explore feasibility to set up semiconductor plant

A team from Indian conglomerate Vedanta has visited Pune to survey the feasibility of setting up its electronic chip plant in the district, a government official said on Friday.

Vedanta Group firms have applied for setting up semiconductor and display manufacturing units in the country under the government's incentive scheme.

Shriram Transport Finance raises Rs 900 cr by issuing bonds

Shriram Transport Finance Company (STFC) on Friday said it has raised Rs 900 crore by issuing bonds on a private placement basis and the proceeds from the issue will be used for further lending and other business purposes.

The allotment committee of the company in its meeting on Friday approved and allotted senior secured rated, listed, redeemable and non-convertible debentures (NCDs) of a face value of Rs 10 lakh each on a private placement basis, the company said in a regulatory filing.

The company said a total of 9,000 NCDs were allotted with a face value of Rs 10 lakh each, aggregating to the issue size of Rs 900 crore.

Reliance takes over operations of 200 Future Group's stores

Reliance Industries is in the process of transferring over 30,000 Future Retail and Future Lifestyle employees and has also taken over 200 Future Group stores that are now being re-branded as Reliance stores, according to a source in the know.

The source said that in 2020 landlords had begun to terminate the lease agreements with Future Group and several landlords approached Reliance Industries and the lease for those stores were signed with the Mukesh Ambani-run company and were then sub-leased to Future Group. The debtridden retail chain has over 1,700 stores across various brands, which include Big Bazaar, fbb, and Central.

Accenture launches Women Founders Program in India for nascent B2B startups

Tech giant Accenture has launched the 'Women Founders Program' in India to help early-stage, women-led Indian startups in the B2B (business-tobusiness) deep tech and enterprise SaaS (software-as-a-service) domain grow and advance their businesses

Under this programme, Accenture will provide selected technology startups in India with an equity-free grant of up to $60,000, along with market and network access and mentoring.

Kalyan Jewellers to accelerate expansion through franchise model in H1 FY23

Kalyan Jewellers is planning to enter the franchise model in the first half of the next financial year to accelerate expansion mainly in the non-southern India market, according to a top company executive.

"We decided to make a foray into the franchise model to accelerate our expansion. Till date, all stores of Kalyan Jewellers are owned by us. Our initial plan to enter the franchise model of expansion was from 2025.

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