Energy Efficiency Services (EESL) and National Investment and Infrastructure Fund (NIIF) have entered into a joint venture for the deployment of smart meters across India, the two companies said in a joint statement on...
MakeMyTrip announces tie-up with TripAdvisor for outbound travel space
MakeMyTrip, an online travel company, announced a sourcing tie-up with travel website TripAdvisor, offering its customers tours and activities in over 100 places abroad. “Our data shows consistent increase in the...
Bharti Airtel raises $750 mn from investors based in Asia, Europe and US
Bharti Airtel on Wednesday said it has raised $750 million (about Rs 5,330 crore) from investors based in Asia, Europe and the US through a hybrid financial instrument. Bharti Airtel said in a statement that “its...
JSW Energy in talks to buy GMR’s Odisha power plant for undisclosed sum
JSW Energy and GMR Infrastructure have entered into exclusive talks for the sale of GMR’s Odisha power plant, the two companies informed the exchanges on Monday. The companies did not disclose the valuation for the...
CCI okays Essel MF acquisition by Sachin Bansal’s BAC under ‘green channel’
The Competition Commission of India (CCI) has given its approval under the ‘green channel’ route to acquisition of Essel Mutual Fund by a Sachin Bansal-owned entity. This is the first clearance under the...
Bengaluru-based Instamojo looks at acquisition to boost e-commerce business
Bengaluru-based digital payments and services start-up Instamojo is in talks to acquire an online platform to strengthen its e-commerce business, a top company executive said on Friday. The deal is likely to close by...
PG&E gets $34 billion in debt financing as part of restructuring plan
PG&E Corp, seeking to fend off a group of bondholders trying to take control of its bankruptcy, said it has lined up $34.4 billion in debt financing commitments for its planned reorganisation. The California utility...
No call on Lakshmi Vilas Bank-Indiabulls merger made yet: RBI Governor
Placing Lakshmi Vilas Bank under the prompt corrective action framework cannot be construed as RBI having made up its mind on the lender’s merger proposal with Indiabulls Housing, governor Shaktikanta Das said...
Union Cabinet approves a new process of strategic disinvestment
The Cabinet has approved a new process of strategic disinvestment with a view to expediting privatisation of select PSUs, officials said on Friday. The Union Cabinet headed by Prime Minister Narendra Modi at its meeting...
Apollo Global in talks to acquire Altico; lenders to take a call on Oct 11
Apollo Global Management is in preliminary talks with lenders to buy troubled non-banking financial company (NBFC) Altico Capital, but lenders have decided to first finalise the quantum of haircut they would be taking...
Mahyco’s international arm to raise $20 million from IFC for expansion
The international arm of Maharashtra Hybrid Seed Company Ltd (Mahyco India) is planning to raise $20 million from the International Finance Corporation (IFC). This will be part of the $26 million that Mahyco...
34 functional teams formed to smoothen process of PNB, OBC, UBI merger
A total of 34 functional teams have been formed to smoothen the process of merger of United Bank of India (UBI), Punjab National Bank (PNB) and Oriental Bank of Commerce (OBC), a senior official said. The merger is...
