Volkswagen AG and Ford Motor Co will unveil a deeper alliance next week that goes beyond cooperating in commercial vehicles in a move meant to save the automakers billions of dollars as they develop new technologies...
Fractal Analytics in talks to raise $200 million from Apax
Fractal Analytics is in advanced talks to raise a little over $200 million from private equity firm Apax Partners, said two people aware of the development, requesting anonymity. Apax’s investment will involve both...
‘Sashakt’ plan for resolution of stressed assets active for pre-IBC process
The ‘Sashakt’ plan for resolution of stressed assets outside the insolvency courts has been made operational after months of delay. The move is expected to help in resolution of over 1,000 assets worth Rs 3 trillion...
Tata Sons board nixes Rs 400 crore proposal to buy Prabhat Dairy
Tata Sons has rejected a proposal by the group’s mergers & acquisitions team for Tata Global BeveragesNSE -0.43 % to purchase Prabhat Dairy for about Rs 400 crore, said two people with knowledge of the development...
Standard Chartered Bank moves NCLT against CoC selecting Arcelor for Essar Steel
Standard Chartered Bank has filed an interlocutory application in the bankruptcy court against a panel of lenders selecting ArcelorMittal to takeover debt-ridden Essar Steel, saying the decision was “illegal” and was...
Energy tech firm Climate Connect looks to raise $10 million
London-based Indian energy start-up Climate Connect is seeking to raise $5-10 million in Series B funding within the next six months, the company’s founder and chief executive officer (CEO) Nitin Tanwar said. Climate...
IBC amendments: Some dilutions, and a lot more speed
The government has hit the refresh button on the two-year-old Insolvency and Bankruptcy Code (IBC) by bringing in a bunch of amendments to it, in order to make life easy for small debtors as well as small companies that...
Government approves restructuring of Indian Bureau of Mines
The government today approved the restructuring of Indian Bureau of Mines to reform the mineral sector regulation. The restructuring would enable the adoption of IT and space technology by the bureau to improve its...
Corporate resolution: Larsen & Toubro moves NCLT against Bhushan Steel
A corporate tug-of-war has broken loose, with infrastructure major Larsen & Toubro (L&T) moving the National Company Law Tribunal’s (NCLT’s) Delhi Bench against the Bhushan Steel resolution process. Tata Steel...
ITC merges tobacco leaf, agri-business units
ITC BSE -0.09 % merged its tobacco leaf and agri-business divisions to scale it up, considering the critical back-end support the combination could provide to the conglomerate’s expansion in the FMCG sector...
Empowered Shareholders activism decide fate of Related Party Transactions
Shareholders are the owners of the corporations. Shareholders have the right to access and examine the corporate records and information concerning the governance and financial performance of the corporate. With the...
Moneytor raises funds from 500 Startups, others
Moneytor, a software start-up that automates the process of debt collection from defaulters, on Wednesday said it raised an undisclosed amount from 500 Startups, Yes Bank-backed accelerator ISME ACE and some other angel...