<ul><li><keyword id="12009985" type="General" weightage="20" keywordseo="dezerv" source="Orion">Dezerv</keyword> plans to use this funding to build a strong team as well as launch and scale their investment technology platform.</li><li>The company’s seed round was co-led by Elevation Capital and Matrix Partners India.</li><li>Last month, Amazon made its first investment in the Indian investment advisory startup smallcase.</li></ul>Wealth management platform Dezerv, which helps individuals make investment decisions, has raised $7 million seed funding just six months after its launch. Dezerv plans to use this funding to build a strong team as well as launch and scale their investment technology platform. The company also aims to help young professionals make right investment decisions while investing in mutual funds. The company claims to have brought together a team of investing and technology experts with academic experience from Massachusetts Institute of Technology (MIT), University of Southern California (USC), Indian Institutes of Management (IIMs) and Indian Institutes of Technology (IITs). The company further claims that its team includes individuals from global companies like JP Morgan, UBS, Uber, Brookfield, Morgan Stanley and Clevertap. Dezerv’s seed round was co-led by Elevation Capital and Matrix Partners India. Whiteboard Capital and Blume Founders Fund also participated in the round, along with 20 angel investors. This included Cred’s Kunal Shah, Ofbusiness’ Asish Mohapatra and Ruchi Kalra, Acko’s Varun Dua, Meesho’s Vidit Aatrey and Sanjeev Barnwal, BharatPe’s Shashvat Nakrani and Suhail Sameer, among others. The company was set up in April 2021 by former IIFL Wealth executives — Sandeep Jethwani, Vaibhav Porwal and Sahil Contractor. It aims to offer a “fresh approach and platform” to help underserved Indian professionals access investment expertise. “Dezerv will leverage the digital adoption and scalable investment infrastructure of post-pandemic India, coupled with decades of our experience to bring world-class investing to Indian professionals,” the company’s founders said in a joint statement. The wealth management startup, citing its study, noted that 75% working professionals say that they need guidance on their portfolio and investment. “Today, this market comprises 30 million households of working professionals in the country who are adrift without a clear solution to manage their growing pool of wealth,” the report added. Dezerv competes with another wealth management startup smallcase, which raised<a href="https://www.businessinsider.in/investment/news/amazon-invests-in-indian-wealth-management-startup-smallcases-40-million-round/articleshow/85426900.cms"> funding </a>from Amazon only last month. Bengaluru-based fintech startup Smallcase Technologies raised a $40 million round led by Faering Capital, with participation from PremjiInvest. The company provides users with weighted portfolios of stocks and exchange traded funds (ETF) for retail investors to invest in using their personal existing demat accounts. SEE ALSO <a href="https://www.businessinsider.in/finance/news/phonepe-is-citing-data-to-argue-that-merchants-should-pay-for-upi-transactions/articleshow/85863071.cms">PhonePe is citing data to argue that merchants should pay for UPI transactions</a> <a href="https://www.businessinsider.in/business/startups/news/uber-has-ola-zomato-has-swiggy-but-whos-urban-company-competing-with/articleshow/85835674.cms">Uber has Ola, Zomato has Swiggy but who’s Urban Company competing with?</a> <a href="https://www.businessinsider.in/business/corporates/news/zomato-is-shutting-down-its-singapore-and-uk-based-subsidiaries/articleshow/85858611.cms">Zomato is shutting down its Singapore and UK-based subsidiaries</a>

Six-month-old investment advisory startup Dezerv raises $7 million

Automobile manufacturer Mahindra and Mahindra will observe seven '<keyword id="8060401" type="General" weightage="20" keywordseo="No-Production-Days" source="Orion">No Production Days</keyword>' in September due to the supply shortage of semiconductors. The company said that its <keyword id="360963" type="General" weightage="20" keywordseo="automotive-division" source="Orion">automotive division</keyword> continues to face shortage of <keyword id="10827804" type="General" weightage="20" keywordseo="semiconductor-supply" source="Orion">semiconductor supply</keyword>, "which has got further accentuated due to the Covid-induced lockdowns in some parts of the world". The company estimates reduction in production volumes by 20-25 per cent as a result of the 'No Production Days'. "The revenue and profitability will be impacted in line with the fall in production volumes. The company is taking various cost optimisation measures to limit the impact," the automobile manufacturer said in a regulatory filing on Thursday. The company also said that there will be no material impact on XUV7OO production ramp-up and launch plans. "The date of commencement of bookings will be announced soon," it said. The company's tractor operations, exports, trucks and buses business and three-wheeler production will be unaffected, it said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/six-month-old-investment-advisory-startup-dezerv-raises-7-million/articleshow/85865111.cms">Six-month-old investment advisory startup Dezerv raises $7 million</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/phonepe-is-citing-data-to-argue-that-merchants-should-pay-for-upi-transactions/articleshow/85863071.cms">PhonePe is citing data to argue that merchants should pay for UPI transactions</a>

Mahindra & Mahindra to halt its production for seven days due to shortage of chip supply

Hyderabad police on Thursday arrested two senior executives of scam-hit <keyword id="12010907" type="General" weightage="20" keywordseo="karvy-stock-broking-pvt-ltd" source="Orion">Karvy Stock Broking Pvt Ltd</keyword> for allegedly involving in diverting funds raised from banks by pledging clients' securities as collaterals. According to a police press release, <keyword id="195695" type="General" weightage="20" keywordseo="rajiv-ranjan-singh" source="Orion">Rajiv Ranjan Singh</keyword>, Chief Executive Officer and G. Krishna Hari Chief Financial Officer of Karvy were arrested basing on a complaint by <keyword id="46717" type="General" weightage="20" keywordseo="indusind-bank" source="Orion">IndusInd bank</keyword>. The police had earlier arrested C Parthasarathy,Chairman of Karvy, on charges of defaulting a loan to the tune of Rs 137 crore to IndusInd Bank. In November 2019, <keyword id="35210" type="General" weightage="20" keywordseo="sebi" source="Orion">SEBI</keyword> barred <keyword id="2901509" type="General" weightage="20" keywordseo="ksbl" source="Orion">KSBL</keyword> from taking new brokerage clients after it was found that the brokerage firm had allegedly misused clients' securities to the tune of over Rs 2,000 crore. In November 2020, Bombay Stock Exchange declared Karvy Stock Broking as a defaulter and removed the brokerage house from its membership after a similar action was initiated by the National Stock Exchange. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/six-month-old-investment-advisory-startup-dezerv-raises-7-million/articleshow/85865111.cms">Six-month-old investment advisory startup Dezerv raises $7 million</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/phonepe-is-citing-data-to-argue-that-merchants-should-pay-for-upi-transactions/articleshow/85863071.cms">PhonePe is citing data to argue that merchants should pay for UPI transactions</a>

IndusInd Bank complaint leads to the arrest of CEO and CFO of Karvy Broking

<ul><li>Speciality chemicals firm Ami Organics was fully subscribed on the first day of bidding on September 1.</li><li>So far, in the last two days of issue, it has received good response from retail investors followed by institutional investors.</li><li>The grey market premium is indicating a strong premium of over ₹150.</li></ul>Speciality chemical company Ami Organics launched its initial public offering (IPO) on September 1. Today, September 3, is the last day to subscribe to its IPO. In the last few months, three speciality chemicals companies -- Clean Science and Technology, Tatva Chintan Pharma Chem and Chemplast Sanmar -- had hit the market. Except for Chemplast Sanmar, the other two made a strong listing on the exchanges. Enthuthiasm around <keyword id="11958218" type="General" weightage="20" keywordseo="ami-organics-ipo" source="Orion">Ami Organics IPO</keyword> is huge given the IPO was fully subscribed in the first few hours on the first day of bidding. As of September 2, the IPO has been oversubscribed by 3.90 times. The IPO has received bids for 2.55 crore equity shares against the IPO size of 65.36 lakh equity shares. With the IPO proceeds, the Gujarat-based specialty chemicals company will pay off its debt worth ₹140 crore and become debt-free, Naresh Patel, chief managing director of Ami Organics, said in an interview with Business Insider. The grey market indicates a premium of over ₹150 on the issue price. It has set a price band of ₹603 to ₹610. Here are some important dates related to the IPO: <table style="border-width: initial; border-style: none;" class="redcator-table-advance"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Issue details </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹603 to ₹610 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO open date </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 1 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO close date </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 3 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Allotment date </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 8 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Initiation of refunds </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 9 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Credit of shares to demat account </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 13 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO listing date </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 14 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Minimum lot </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">24 </td></tr></tbody><tbody></tbody></table> The company is looking to raise ₹200 crore through fresh issue of shares and 60.59 lakh shares through offer for sale by promoters. Overall, the company is aiming to raise ₹570 crore on the upper price band of ₹603 to ₹610 per share. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/six-month-old-investment-advisory-startup-dezerv-raises-7-million/articleshow/85865111.cms">Six-month-old investment advisory startup Dezerv raises $7 million</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/apple-hit-with-antitrust-case-in-india-over-in-app-payment-concerns/articleshow/85862008.cms">Apple hit with antitrust case in India alleging its 30% commission is unfair for customers and app developers</a>

Last day to subscribe to Ami Organics IPO, issue oversubscribed by almost four times

<ul><li>Speciality chemicals firm <keyword id="6926409" type="General" weightage="20" keywordseo="ami-organics" source="Orion">Ami Organics</keyword> receives strong response from investors on the second day of IPO bidding as well.</li><li>Overall, <keyword id="11958218" type="General" weightage="20" keywordseo="ami-organics-ipo" source="Orion">Ami Organics IPO</keyword> was oversubscribed 3.90 times on Thursday.</li><li>The grey market is indicating a strong premium of over ₹150.</li></ul>Ami Organics IPO continues receiving strong demand from institutional players and <keyword id="6416579" type="General" weightage="20" keywordseo="retail-investors" source="Orion">retail investors</keyword> on the second day of its initial public offering (IPO). The portion reserved for institutional players was subscribed 1.42 times and that of retail investors was subscribed 6.35 times on September 2. Overall, the IPO was oversubscribed 1.90 times. The IPO received bids for 1.24 crore equity shares as against the issue size of 65.36 lakh equity shares. Overall, the IPO was oversubscribed 3.90 times. The IPO received bids for 2.55 crore equity shares as against the issue size of 65.36 lakh equity shares. Enthusiasm around this IPO is also because of the fact that the grey market indicated over ₹150% premium on the issue price. In the last few months, three specialty chemicals companies -- Clean Science and Technology, Tatva Chintan Pharma Chem and Chemplast Sanmar had hit the market. Except for Chemplast Sanmar, the other two made a strong listing on the exchanges. Ami Organics IPO opened for subscription on September 1 and will close on September 3. It has set a price band of ₹603 to ₹610. Here are some of the important details of the Ami Organics IPO: <table style="border-width: initial; border-style: none;" class="redcator-table-advance"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Issue details </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹603 to ₹610 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO open date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 1 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO close date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 3 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Allotment date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 8 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Initiation of refunds </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 9 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Credit of shares to demat account </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 13 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO listing date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 14 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Minimum lot </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">24 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Overall, the company is aiming to raise ₹570 crore on the upper price band of ₹603 to ₹610 per share. Ami Organics is a research and development driven manufacturer of speciality chemicals. Analyst Yash Gupta, equity research analyst at Angel Broking, feels the valuations are very expensive, thereby assigning a ‘neutral’ recommendation to the Ami Organics IPO. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/vijaya-diagnostic-ipo-gets-weak-response-from-investors/articleshow/85833700.cms">Vijaya Diagnostic IPO sees tepid response on the second day of bidding</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/six-month-old-investment-advisory-startup-dezerv-raises-7-million/articleshow/85865111.cms">Six-month-old investment advisory startup Dezerv raises $7 million</a>

Ami Organics IPO oversubscribed 3.90 times by institutional and retail investors on the second day of bidding

<keyword id="18635" type="General" weightage="20" keywordseo="Amazon" source="Orion">Amazon</keyword> is planning to hire more than 8,000 direct workforce across 35 cities in the country this year across corporate, technology, customer service and operations roles, according to a top company official. "We have more than 8,000 direct <keyword id="346323" type="General" weightage="20" keywordseo="job-openings" source="Orion">job openings</keyword> across 35 cities in the country, including cities like Bengaluru, Hyderabad, Chennai, Gurgaon, Mumbai, Kolkata, Noida, Amritsar, Ahmedabad, Bhopal, Coimbatore, Jaipur, Kanpur, Ludhiana, Pune, Surat. "These job opportunities are spread across corporate, technology, customer service, and operations roles," Amazon HR Leader - Corporate, <keyword id="156416" type="General" weightage="20" keywordseo="apac" source="Orion">APAC</keyword>, and MENA <keyword id="7773989" type="General" weightage="20" keywordseo="deepti-varma" source="Orion">Deepti Varma</keyword> told PTI. She further noted that "we're also hiring for machine learning applied sciences. We are hiring in support functions like HR, finance, legal... quite a lot of them, which are there," she added. She said the company aims for 20 lakh job openings, both direct and indirect, by 2025, and has already created 10 lakh direct and indirect jobs in India. Even during the pandemic, Amazon gave jobs to 3 lakh people, both direct and indirect, and made the entire hiring process virtual, she stated. Meanwhile, as Amazon is growing in India and has plans to hire in big numbers, the company plans to showcase itself as an exciting place to work through its first-ever Career Day in India on September 16. This virtual and interactive event will bring together Amazon leadership and employees to share what makes Amazon an exciting workplace, what it is like to work here and how the company is steadfast in its commitment to help India unleash its true potential in the 21st century, Varma said. Besides, she said, the multiple global and India-focused sessions in the event, 140 Amazon recruiters will conduct 2,000 free, one-on-one career coaching sessions with job seekers across the country. The recruiters will offer advice on how to approach the job search process effectively, resume-building skills, and interview tips that will help candidates in their search for right jobs, she said. Currently, Amazon employs over 1 lakh professionals across diverse areas like engineering, applied sciences, business management, supply chain, operations, finance, HR to analytics, content creation and acquisition, marketing, real estate, corporate security, video, music and many more, Varma said. India is the second-largest technology hub for Amazon with Indian talent innovating for not just India, but also globally, noted Varma. "We are just getting started, and we are seeking passionate builders out there to join us in this once-in-a-lifetime opportunity to digitally transform India. "This Career Day, we look forward to sharing our long-term commitment to tapping into India's potential in the 21st century, and career opportunities to empower and enable this legacy," Amazon India Global Senior Vice President and Country Head Amit Agarwal added in a statement. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/six-month-old-investment-advisory-startup-dezerv-raises-7-million/articleshow/85865111.cms">Six-month-old investment advisory startup Dezerv raises $7 million</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/phonepe-is-citing-data-to-argue-that-merchants-should-pay-for-upi-transactions/articleshow/85863071.cms">PhonePe is citing data to argue that merchants should pay for UPI transactions</a>

Amazon to hire 8,000 direct workforce across 35 cities in India this year

Indias largest <keyword id="34553" type="General" weightage="20" keywordseo="renewable-energy" source="Orion">renewable energy</keyword> company, has priced its maiden ListCo senior issuance of USD 750m through a 3 year issuance under the 144A/Reg S format, at a fixed coupon of 4.375%. The issuance was oversubscribed by 4.7x. This issuance establishes <keyword id="4621631" type="General" weightage="20" keywordseo="AGEL" source="Orion">AGEL</keyword> as India's leading credit in the renewable sector with a robust and well defined capital management plan. The funds will be utilised towards equity funding of the capex for underlying renewable projects under construction by AGEL. Under the structure, AGEL can draw upto USD 1,700m (including the present issuance) over the course of time subject to the covenants of the structure. The notes were rated Ba3 (Stable) by Moody's. Earlier in the year, AGEL had completed the tie-up of a USD 1.35 bn revolving construction framework arrangement for senior debt funding of construction stage projects. With this USD 750 mn ListCo issuance, AGEL has completed the final phase of its capital management plan, and now has a fully funded program for both debt and equity for its stated target of 25 GW by 2025. "The 4.7X oversubscription of this issuance is testimony of the confidence of global investors in the world's fastest growing renewable energy platform and Adani's capability to set up a world class clean energy business" said Vneet S Jaain, MD and CEO, AGEL. "This ListCo Senior Green Bond issuance is yet another landmark transaction for AGEL and fully funds our pipeline of projects and reinforces our commitment towards being a sustainability focused global infrastructure platform. We expect to further accelerate our footprint and are firmly on track to become the world's largest renewable energy company by 2030." In line with the Adani Group's energy mix transition, AGEL has grown rapidly and has consistently demonstrated the strength of the company's clean energy business model and its commitment to global benchmarks of ESG. It follows the guiding principles of the <keyword id="6355833" type="General" weightage="20" keywordseo="United-Nations" source="Orion">United Nations</keyword> Sustainable Development Goals, United Nations Global Compact and the Science Based Targets Initiative. AGEL will also ensure adherence to global best practices of disclosure aligned with TCFD recommendations, GRI standards and CDP disclosures. Top external agencies have provided assurance on AGEL's green framework. Vigeo Eiris, a subsidiary of Moody's Investor Service, has provided a second party opinion endorsing AGEL's green framework and KPMG has provided independent assurance on the same. The joint lead managers (JLMs) to the Issuance were Axis Bank, Barclays, BNP Paribas, DBS Bank Ltd., Emirates NBD Capital, IMI-Intesa Sanpaolo, MUFG, Mizuho Securities, SMBC Nikko and Standard Chartered Bank. The JLMs were represented by Linklaters and Talwar Thakore &amp; Associates. The Issuer was represented by Latham &amp; Watkins and Cyril Amarchand Mangaldas. MUFG Bank acted as lead green structuring advisor and Standard Chartered Bank acted as co-green structuring advisor. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/six-month-old-investment-advisory-startup-dezerv-raises-7-million/articleshow/85865111.cms">Six-month-old investment advisory startup Dezerv raises $7 million</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/phonepe-is-citing-data-to-argue-that-merchants-should-pay-for-upi-transactions/articleshow/85863071.cms">PhonePe is citing data to argue that merchants should pay for UPI transactions</a>

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Six-month-old investment advisory startup Dezerv raises $7 million

Kritti Bhalla