To bring real-time machine-learning-based translation to the platform, video conferencing app Zoom has signed a definitive agreement to acquire German startup Kites — Karlsruhe Information Technology Solutions...
Emami ups stake to 46% from 33% in male grooming company Helios Lifestyle
FMCG firm Emami Ltd has upped its stake in Helios Lifestyle, known for its male grooming brand, The Man Company (TMC). Emami said on Monday that it had increased its existing strategic stake of 33.09 per cent to 45.96...
HDFC Bank acquires 7.4% stake in product engineering firm Virtuoso Infotech
Virtuoso Infotech Pvt. Ltd., an enterprise software solutions company, founded by Preeti Nahar and Yogesh Satpute, based out of Pune, India announced today the news of its first investment fundraise. India’s...
Abu Dhabi’s wealth fund picks up minority stake in Mobikwik for $20 million
The UAE’s sovereign wealth fund Abu Dhabi Investment Authority has picked up a minority stake in the IPO-bound digital payments player Mobikwik for nearly USD 20 million (about Rs 150 crore), valuing it at USD 700...
PharmEasy to pick up 66.1% stake in Thyrocare for Rs 4,546 crore
Online medicine delivery firm PharmEasy on Friday announced that its parent API Holdings Ltd (API) will acquire 66.1 per cent stake in Thyrocare for Rs 4,546 crore from Dr A Velumani and affiliates. Thyrocare is the...
PNB HFC-Carlyle pact: Deal complies with guidelines, PNB board told
Punjab National Bank (PNB) has informed its board members that all regulatory guidelines were followed by its associate company — PNB Housing Finance (PNB HFL) — while finalising the fundraising deal with the Carlyle...
Suraksha group gets nod from lenders, homebuyers to buy Jaypee Infratech
Mumbai-based Suraksha group on Wednesday received the approval of financial creditors and homebuyers to takeover debt-laden Jaypee Infratech Ltd (JIL). The 10-day-long voting process on the takeover proposals submitted...
HDFC Bank, HDFC Securities to pick up stake in Borderless Softtech
HDFC Bank along with its subsidiary HDFC Securities will pick up stake worth Rs 6.9 crore in backend software infrastructure development company Borderless Softtech, the bank said on Tuesday. For this, the bank said it...
Kazam raises Rs 7 cr in seed round led by Inflection Point Ventures
Kazam, India’s first intelligent IoT based charging station, has raised Rs 7 crore in a seed round led by Inflection Point Ventures, one of the largest angel investment platforms in India. The funds raised will be...
CityMall raises $22.5 mn in funding from General Catalyst, others
CityMall, a community-based e-commerce venture, on Tuesday said it has raised USD 22.5 million (about Rs 167 crore) in funding, led by General Catalyst and Jungle Ventures. The series B round also saw participation from...
NCLT clears Kalrock-Jalan resolution plan for Jet Airways with riders
The National Company Law Tribunal (NCLT) has cleared the Kalrock-Jalan plan to revive Jet Airways, while rejecting the consortium’s demand for historicity of airport slots. The Naresh Goyal-founded airline was shut down...
CCI approves Heineken’s additional stake acquisition in United Breweries
Fair trade regulator CCI on Monday said it has approved Heineken International B.V’s proposed acquisition of an additional equity stake in United Breweries Ltd (UBL). This, however, is subject to the outcome of...
