Max India on Tuesday said the Insurance Regulatory and Development Authority of India (IRDAI) has approved the sale of its 51 per cent stake in Max Bupa Health Insurance Company to private equity firm True North. With...
Cybersecurity firm Lucideus raises $7 mn, doubles valuation to $100 mn
John Chambers-backed cybersecurity firm Lucideus raised $7 million, doubling its valuation to $100 million. The funding round was led by Japan’s Mitsui Sumitomo Insurance and Aioi Nissay Dowa, along with venture...
Thomas Cook India buys rights for Rs 14 crore to retain brand name
Thomas Cook India has acquired brand rights of the iconic UK travel firm from its erstwhile promoters for Rs 14 crore. After the acquisition, Thomas Cook will not undergo a name change in India and will now focus on...
Sanofi to sell surgical product unit Seprafilm to Baxter for $350 mn
Medical supply company Baxter International said on Monday that it had agreed to buy Sanofi’s Seprafilm unit, which makes specialist surgical products, for $350 million in cash. The deal should close by the end of...
Relief for Eveready, McLeod Russel as Calcutta HC lifts stay on asset sale
In a breather for the BM Khaitan Group, the Calcutta High Court today lifted its temporary injunction on the sale of assets by group companies McLeod Russel and Eveready Industries. Eveready has been monetising land...
Will Zurich’s bid for Jewar airport challenge IGIA’s monopoly?
Flughafen Zurich winning the bid for the proposed Jewar airport in Uttar Pradesh is likely to bring a paradigm change to India’s airport sector, threatening monopolies for the first time, said sector experts. If the...
Accel India raises $550 million fund VI to invest on tech start-ups
Venture capital firm Accel India on Monday said it had raised $550 million, or Rs 4,000 crore, for its sixth fund to invest in early-stage technology companies in India. Accel India was setup in 2008 by Mahendran...
Reliance Industries highest bidder for Reliance Infra tower & fibre assets
Reliance Industries (RIL) has offered to buy out Reliance Infratel for Rs 3,600 crore, payable in 60 days — the highest bid of upfront cash for the company, said sources. Bharti Airtel, said sources involved in the...
AGR verdict devastating, telcos on brink of financial insolvency: Voda Idea
Vodafone-Idea (VIL), in its review petition filed in the Supreme Court against the recent order on adjusted gross revenue, has made it clear that the impact of the judgment is so “devastating” that...
Swiss firm Zurich Airport outbids Adani, DIAL to win Jewar airport project
Zurich Airport International, which operates eight airports across the world including one in Zurich, has won the bid to build Jewar airport. Set to become the largest airport of the country, it will be located some 80...
Jet creditors seek 90-day extension in insolvency resolution process
The committee of creditors (CoC) of the beleaguered Jet Airways has decided to file an application before the National Company Law Tribunal (NCLT) for extending the corporate insolvency resolution process (CIRP) of the...
With 72 deals worth $3.7 bn, PE investments register growth in Oct: Report
Private equity investments witnessed robust yearly growth in October with 72 PE deals garnering around $3.7 billion, even as merger and acquisition activity saw a downtrend, a report said on Thursday. According to Grant...
