Indiabulls Ventures Ltd on Friday said it will raise Rs 588 crore by issuing preferential shares to certain foreign investors. The decision was taken by the board of directors in a meeting held today (August 28, 2020)...
Future Enterprises board meet on September 7, to take up RIL deal today
Kishore Biyani-led Future Enterprises, which is all set to strike a deal with Reliance Industries to sell its retail business, has set September 7 as the new date for the board meeting. Earlier, the board was scheduled...
NMDC board okays demerger of three-mn-tonne Chhattisgarh steel plant
India’s single largest iron ore producer, state-owned NMDC, said on Friday that its board had approved a proposal to demerge NMDC Iron & Steel Plant (NISP). The board met on Thursday and accorded in-principle...
SoftBank Group gets even more defensive with $12 billion stake sale
Masayoshi Son’s SoftBank Group said it will sell about ¥1.33 trillion ($12.5 billion) of the stock it holds in its Japanese wireless operation, adding to massive asset sales that have helped his conglomerate get back...
Liberty General promoters infuse Rs 100 cr; firm quells stake sale rumours
Private insurer Liberty General Insurance (LGI) on Friday said its promoters have infused Rs 100 crore in the company last month, reflecting their confidence in the firm’s ability to build a substantial business...
Siemens sells mechanical drives business to Siemens AG subsidiary
Siemens’ board of directors have approved to sell the company’s mechanical drives (MD) business to Flender Drives Private Limited, a subsidiary of Flender GmbH, which in turn is a subsidiary of Siemens AG. “The...
Wait for Amtek Auto resolution may get longer over mortgaged property
The three-year CIRP (corporate insolvency resolution process) for Amtek Auto is likely to get delayed further over mortgaged property. Resolution applicant Deccan Value Investors (DVI) has moved the National Company Law...
Byju’s raises $122 mn from Russian billionaire Yuri Milner’s DST Global
Education technology company Byju’s has raised $122 million from Russian billionaire Yuri Milner’s investment fund DST Global. The financing is part of its ongoing funding round. Byju’s is allotting 42,666 Series...
Mahindra ties up with Israel’s REE Automotive to develop commercial EVs
Mahindra & Mahindra (M&M) on Wednesday said it has inked a pact with Tel Aviv-based REE Automotive to explore production of electric commercial vehicles. The Mumbai-based firm has signed a memorandum of...
Suzlon board okays issuance of NCDs worth Rs 4.4K cr under debt recast plan
Suzlon Energy’s board on Monday approved the proposal to issue non-convertible debentures worth Rs 4,453.01 crore under its debt restructuring plan. However, the company’s board of directors have deferred...
Trade unions condemn proposal to privatise more airports, IRCTC stake sale
As many as 10 trade unions on Tuesday condemned the government’s proposal to privatise more airports and stake sale in Indian Railways Catering and Tourism Corporation (IRCTC). “Granting the airports to a...
ICICI Lombard-Bharti AXA deal seen a leg-up for bancassurance sector
ICICI Lombard’s deal with Bharti AXA General Insurance is expected to increase the market share of the company in the motor insurance segment. It will also enhance its business through the bancassurance and corporate...
