The TVS Motor Company on Thursday announced its new distribution partnership with Autotecnica Colombiana SAS (Auteco SAS), a leading assembler of motorcycles in Colombia. Autotecnica Colombiana SAS will operate 50...
HCL Tech shares hit a fresh record high as Co to acquire IT firm DWS Ltd
Shares of HCL Technologies hit a fresh record high of Rs 835, up 3 per cent on the BSE in the early morning deals on Monday after the company announced its intent to acquire IT company DWS Limited, a leading Australian...
Amazon, Samara Capital invest Rs 275 cr in supermarket chain More’s parent
E-commerce giant Amazon and private equity firm Samara Capital have jointly invested over Rs 275 crore in Witzig Advisory Services, holding firm of the More supermarket chain, according to regulatory filings, sourced...
Livspace to invest $30 mn to scale Neo platform, start modular labels
Bengaluru-based Livspace on Thursday said it will invest USD 30 million (about Rs 220.7 crore) to scale Neo, its proprietary design-to-manufacturing-to-installation platform. The funds will be utilised towards further...
SC rejects SBI plea to vacate stay on invoking Anil Ambani’s personal guarantees
The Supreme Court on Thursday dismissed State Bank of India’s (SBI’s) plea seeking the vacation of a stay granted by the Delhi High Court on bankruptcy proceedings against Reliance Communications (RCom)...
Supreme Court to begin hearing SBI’s plea against Anil Ambani today
Indian lenders are keenly watching the outcome of a petition filed by State Bank of India (SBI) in the Supreme Court, which invoked the personal guarantees of Anil Ambani. The SC will hear the petition from Thursday. A...
Tata Tele Maharashtra shareholders approve fund raising of up to Rs 5000 cr
Shareholders of Tata Teleservices Maharashtra have approved raising of up to Rs 5,000 crore by issuing preferential shares to parent firm and non-convertible debentures on private placement basis, according to a...
Dalmia Cement buys Indian Energy Exchange shares worth over Rs 144 cr
Dalmia Cement (Bharat) Ltd on Wednesday purchased shares of the Indian Energy Exchange (IEX) worth over Rs 144 crore through an open market transaction. The shares were sold by DVPL Ventures LLP, according to bulk data...
Tata Power, India Power Corporation submit bids for three discoms in Odisha
Odisha, which recently offered three of its power distribution companies (discoms) for privatisation, has received bids from Tata Power and India Power Corporation Ltd. The bids were called earlier this year for...
Mahindra & Mahindra terminates share purchase pact with CLP India
Mahindra & Mahindra on Friday said it has terminated share purchase agreement with CLP India to sell the entire stake held by its step down arm Mahindra Renewables in Neo Solren Pvt Ltd (NSPL) for Rs 104.67 crore...
Fraud-hit PMC approaches other banks for possible merger: Administrator
India’s fraud-hit PMC Bank has approached other banks over a possible merger even as its efforts to recover funds from a big borrower have been disrupted by the coronavirus pandemic, the bank’s administrator...
Electric vehicle charge network ChargePoint nears deal to go public: Report
ChargePoint Inc, one of the world’s oldest and largest electric vehicle charging networks, is nearing a deal to go public through a reverse merger with Switchback Energy Acquisition Corp, people familiar with the...
