A day after the Supreme Court ordered status quo be maintained with respect to the stake sale of Fortis Healthcare to Malaysia’s IHH Healthcare Berhad, the beleaguered chain said the order does not impact the...
Satin Creditcare raises $30 million through non-convertible debentures
Satin Creditcare Network Limited (SCNL) raised $30 million by selling non-convertible debentures (NCD) to the Netherlands Development Finance Company (FMO) to accelerate its microfinance lending portfolio...
Arvind partners with Italian firm for pultrusion tech used in 5G towers
Eyeing possibilities of specialty composite products in the telecom, electrical and construction sectors such as 5G base station materials, Arvind Limited’s Advanced Materials Division has collaborated with...
Motherson Sumi eyes over $1.1 billion-worth deal with Leoni AG: Report
Indian car wiring maker Motherson Sumi Systems Ltd is in early talks with German peer Leoni AG over a possible merger of the pair, two people close to the matter said. The car industry and its suppliers, facing a...
RCom stares at insolvency as SC rejects plea for more time on Ericsson dues
Anil Ambani-led Reliance Communications (RCom) could be staring at insolvency as the Supreme Court (SC) on Thursday declined to grant it two weeks extra time to clear the Rs 5.5 billion dues of Ericsson. The deadline...
New York Life picks up 2% stake in Max Financial Services for Rs 2.15 bn
US-based New York Life on Thursday picked up around 2 per cent stake in Max Financial Services (MFS) for about Rs 2.15 billion, signalling its renewed interest in the life insurance business of its former partner in...
Cognizant to acquire New York-based creative content agency Mustache
IT major Cognizant on Tuesday said it is acquiring Mustache, a privately-held creative content agency based in New York. The transaction is expected to close in the first quarter of 2019 subject to satisfaction of...
CCI approves Tata Sponge Iron’s acquisition of Usha Martin’s steel business
The Competition Commission has cleared Tata Sponge Iron’s acquisition of steel business of Usha Martin for Rs 43-47 billion. In October, Tata Steel had said its subsidiary, Tata Sponge Iron Ltd (TSIL), will...
IHH open offer for 26% stake in Fortis Healthcare to commence on Dec 18
The open offer by Malaysian firm IHH Healthcare Berhad to acquire additional 26 per cent stake in Fortis Healthcare will commence on December 18 and close on January 1, 2019, a regulatory filing by managers of the offer...
Byju’s raises $300 mn in fresh funding from Naspers, Canada Pension Fund
Think & Learn, which runs India’s largest online tutoring platform Byju’s, has raised $300 million in fresh funding from South African Internet giant Naspers and CPP Investment Board Private Holdings (CPPIB), a...
Aavishkaar-Intellecap Group raises Rs 2.25 billion investment from Nuveen
The Aavishkaar-Intellecap Group, a pioneer in impact investing and manager of a diversified financial services group focused on low-income markets in Asia and Africa, announced an investment of Rs 2.25 billion ($32...
Google acquires Sigmoid Labs, maker of popular ‘Where is my train’ app
Search giant Google has acquired Sigmoid Labs, the startup behind the popular ‘Where is my Train’ app, as it looks to bolster efforts to build India-specific apps and services that appeal to first-time Internet and...
