Power Finance Corporation (PFC) concluded the issuance of bonds worth $750 million of tenor 10.25 years on Friday. The bonds have a fixed coupon of 3.95 per cent per annum and an yield of 4.066 per cent. With this bonds...
Piramal sells healthcare analytics subsidiary DRG to Clarivate for $950 mn
Piramal Enterprises Ltd (PEL) on Friday said that it would sell its healthcare insights and analytics business Decision Resources Group (DRG) to Nasdaq listed Clarivate Analytics for $950 mn. The company said it was a...
Metropolis Healthcare signs binding agreement to buy Shraddha Diagnostics
Leading pan-India pathology specialist Metropolis Healthcare Ltd. has signed a binding agreement to acquire Ahmedabad-based Shraddha Diagnostics Pvt Ltd. With this acquisition, Metropolis has expanded its lab footprint...
Wipro Ventures raises $150 million fund, plans to invest in tech start-ups
Wipro Ventures, the strategic investment arm of Wipro, on Thursday said it had raised $150 million for its second fund as the IT services firm plans to invest more in start-ups providing software solutions in new...
Venture Highway raises $78 mn to fund early-stage tech companies in India
Early stage venture capital firm Venture Highway on Thursday said it has raised $78.6 million for its second fund focused on technology seed investments in India. The fresh raise will be used for new investments in 30...
Karvy case: Interim relief to Axis Bank from Securities Appellate Tribunal
The Securities Appellate Tribunal (SAT) on Wednesday granted interim relief to Axis Bank in the appeal filed by the latter against the order passed by the Securities and Exchange Board of India (Sebi) in the Karvy case...
Amazon to invest $1 bn in digitising small businesses in India: Jeff Bezos
Amazon.com Inc chief Jeff Bezos on Wednesday announced USD 1 billion (over Rs 7,000 crore) investment in India to help bring small and medium businesses online and committed to exporting USD 10 billion worth of India...
PNB appoints EY as consultant for merger with OBC and United Bank of India
Punjab National Bank, the anchor bank for the merger of Oriental Bank of Commerce, United Bank of India and Punjab National Bank, has appointed Ernst & Young (EY) as a consultant for the process. Notably, 34...
YES Bank calls shareholders’ meet on February 7 for nod on fundraising
YES Bank has it told the stock exchanges, convened an extraordinary general meeting of its shareholders on February 7 on fundraising for Rs 10,000 crore, and to authorise an expansion in its authorised capital from Rs...
IOC to take call on bidding for govt’s stake in BPCL: Chairman Sanjiv Singh
Indian Oil Corporation (IOC) will take a call on bidding for the government’s stake in Bharat Petroleum Corporation (BPCL) once it comes to the market, said IOC Chairman Sanjiv Singh. Singh said it was still not clearly...
Blackstone Group to invest Rs 380 cr in Allcargo’s logistics park vertical
In a bid to lower its debt burden, Allcargo Logistics Ltd, part of Avvashya Group, has partnered with Blackstone Group, to become a minority stakeholder in the company’s’ logistics park vertical. Blackstone Group...
Hexcel Corp and Woodward combine in merger valued at over $6 billion
Hexcel Corp, a composites technology company, and aircraft and industrial parts maker Woodward Inc said on Sunday they would combine in an all-stock merger of equals to create an integrated systems provider for the...
