Canada Pension Plan Investment Board (CPP Investments) is seeking to sell its Wilton Re and Ascot Group insurance platforms, marking a strategic U-turn for the fund in the face of intense competition, people familiar...
Zomato announces investments in Curefit, Magicpin and Shiprocket
Online food delivery giant Zomato Ltd on Wednesday announced a slew of agreements to scale up its business, while it also released quarterly earnings update for the July-September period. The company said it is in the...
Ola gets CCI nod for investments by Temasek, Warburg Pincus, founder Bhavish Aggarwal
Competition Commission has given its nod for the proposed investments worth USD 500 million in ride-hailing platform Ola by Temasek, Warburg Pincus and Ola founder Bhavish Aggarwal. ANI Technologies Private Limited...
Kovai.co to scale up through investments and acquisitions
Kovai.co said it will continue its hiring trend and will invest in the local community while making investments in R&D, acquisitions, and business investments over the next few years for geographic expansion. The...
Hero Electric raises ₹220 crore from Gulf Islamic Investments and OAKS to fuel next growth phase
Electric vehicle maker Hero Electric Vehicles Pvt. Ltd on Sunday said that it has raised Rs220 crore as the first part of its Series B funding led by Gulf Islamic Investments (GII) along with participation from existing...
Phoenix Mills eyes buyouts, fresh investments for growth
Mall developer Phoenix Mills Ltd (PML), which is closing two funding deals with Singapore’s GIC Pte Ltd and Canada Pension Plan Investment Board (CPP Investments), will look at acquisitions and fresh investments for...
Singapore Airlines not to go for M&A, Vistara investments to continue
In a further indication that Singapore Airlines will not join Tata Sons for the bidding of Air India, the company has said that it is not going to go for any merger & acquisition with the fund it has raised and...
CPP Investments, RMZ announce JV
Canada Pension Plan Investment Board (CPP Investments) and Bengaluru-based RMZ Corp. announced a joint venture for three office projects on Sunday, with the Canadian fund investing $210 million. The joint venture...
Tricot Investments sells Timken India shares worth over ₹152 crore
Tricot Investments Ltd has sold 1.12 million shares or 1.49% of the equity on Friday of Timken India Ltd worth over ₹152 crore through an open market transaction. Tricot Investments sold 11.2 lakh shares of Timken India...
IIFL AMC raising Rs2,000 cr fund for late stage, pre-IPO startup investments
IIFL Asset Management (IIFL AMC) has launched its latest alternative investment fund that will make late stage and pre-IPO investments in India’s fast growing technology startups, said a senior executive of the...
Daimler Trucks labour chief wants clean tech investments in Germany
Daimler Trucks, which is being spun off by its parent group later this year, should invest much of a 1.5 billion euro ($1.8 billion) fund for cleaner technologies in Germany, works council chief Michael Brecht said on...
Disinvestments miss target amid fundraising boom
Indian disinvestment plans have largely been a case of over-promising and under-delivering, with the fundraising target met only twice in the past 12 years. Even so, this year’s miss marks a new low. The government has...