Bundl Technologies, the parent company of food delivery firm Swiggy has raised $112 million from existing investors including South African conglomerate Naspers. The other investors include – Hadley Harbour Master...
Jet Airways COC extends deadline for submitting resolution to March 9
The Jet Airways’Committee of Creditors on Tuesday extended the date for submitting a resolution plan to March 9 after Russia-based Far East Development Fund submitted an expression of interest (EoI). The meeting...
BPCL disinvestment: Next significant capex after new investor steps in
As the central government looks to exit Bharat Petroleum Corporation (BPCL), a new investor will step in time for the company’s next significant capital expenditure (capex). Executives though add the timing is...
Pass order on plea within 2 months: NCLAT to NCLT on GE Triveni issues
The National Company Law Appellate Tribunal (NCLAT) on Monday asked the Bengaluru bench of NCLT to make a decision on the arbitration plea, preferably within two months, in the ongoing dispute between the JV partners of...
Bombardier agrees $8.2 billion deal to sell rail unit to French Alstom
Canada’s Bombardier said on Monday it had agreed to sell its rail division to France’s Alstom for an enterprise value of $8.2 billion, as it focuses purely on business aviation and pays down debt. That price...
Prudent ARC seeks 4 more weeks to submit plan on Jet Airways resolution
The two suitors showing interest in the grounded Jet Airways failed to submit a resolution plan as the deadline for bid submission closed on Monday. One of the suitors, New Delhi-based Prudent ARC, has sought additional...
DLF to raise Rs 2,000 cr via sale of land to existing or new JV partners
Realty major DLF is looking to raise Rs 2,000 crore through monetisation of certain commercial land parcels to its existing joint venture partners or new partners. The monetisation of land parcels would help the company...
NIIT Technologies’ shareholders approve Rs 337.4 cr buyback programme
NIIT Technologies on Saturday said shareholders have approved its over Rs 337.4 crore buyback plan “by requisite majority”. In a regulatory filing, the company said its Board at a meeting on December 23...
DHFL’s former directors move NCLT seeking participation in CoC meetings
Former directors of Dewan Housing Finance Corporation Ltd on Wednesday filed an application in the National Company Law Tribunal seeking participation in the committee of creditors’ (CoC) meetings. The DHFL former...
Titan bets big on building in-house tech; acqui-hires HUG Innovations
Watches to jewellery maker Titan has acqui-hired a Hyderabad-based start-up HUG Innovations with an aim to build all its technology expertise in-house. This is the first-ever acqui-hire by the Bengaluru-headquartered...
Chaayos raises $21.5 mn funds for business expansion, to open 300 cafes
Tea cafe chain Chaayos on Tuesday said it has raised $21.5 million in a mix of equity and debt funding to further expand its business. It said that the company is looking at opening 300 cafes over the next 3-4 years...
Infosys to acquire US-based Salesforce partner Simplus in $250 mn deal
IT major Infosys said on Monday that it will acquire Simplus, one of the fastest growing Salesforce Platinum Partners in the US and Australia, in an up to USD 250 million deal. According to a regulatory filing, the cost...
