Citigroup on Thursday said it was exiting retail banking in India and 12 other countries across Asia and parts of Europe to focus on its wealth management business, as it lacked the “scale” to compete in this space. The...
GE Power India to acquire 50% equity stake in NTPC GE Power Services
GE Power India’s board on Wednesday approved the acquisition of 50 per cent stake in NTPC GE Power Services Pvt Ltd for Rs 7.2 crore. “Board of directors of GE Power India Ltd in its meeting held today i.e...
Bharti Airtel to merge digital arm with itself inco Bharti Airtel to merge digital arm with itself in corporate revamp rporate revamp
Leading telecom services company Bharti Airtel on Wednesday announced a new corporate structure under which group firm Airtel Digital Ltd will merge into the listed entity Bharti Airtel. While tapping digital...
Aditya Birla Capital board approves initial public offering of AMC arm
The board of Aditya Birla Capital (ABCL) has given its nod for the initial public offering of subsidiary Aditya Birla Sun Life AMC, the firm said on Wednesday. The board has approved an offer for sale of up to 2.8...
Robotics firm Miko raises Rs 50 cr to fund product, geographical expansion
Robotics firm Miko on Wednesday said it raised Rs 50 crore led by IvyCap Ventures, existing investors, Chiratae Ventures, YourNest Capital and former chairman of National Association of Software and Services Companies...
JSW Steel completes acquisition of 31% stake in Italy’s GSI Lucchini SpA
JSW Steel’s Italian subsidiary has completed the acquisition of remaining 30.73 per cent stake in GSI Lucchini SpA of Italy for one million euros. “Pursuant to fulfilment of conditions precedent mentioned in...
Unicorn fintech firm Pine Labs acquires Fave in deal valued over $45 mn
Unicorn fintech company Pine Labs has acquired Fave, Southeast Asia’s fast-growing consumer fintech platform, in a deal valued over $45 million. Malaysia-based company Fave provides QR payments and loyalty cashback to...
Mid-sized tech company Coforge acquires BPM firm SLK Global for Rs 918 cr
Mid-sized technology services firm Coforge Limited said on Monday that it has acquired SLK Global Solutions Private Limited for Rs 918.3 crore. The acquisition is expected to expand Coforge’s BPM operations...
Microsoft in talks to buy Nuance Communications for about $16 bn: Report
Microsoft Corp is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc at about $16 billion, Bloomberg News reported on Sunday. An agreement could be announced as soon...
True North sells Policy Bazaar stake to Serum Institute, four others
Private equity fund manager True North said today that it has sold a part of its holding in PolicyBazaar to five buyers – Ashoka India Equity Investment Trust, Triumph Global Holdings, Serum Institute of India, IIFL...
Online used car retailing platform Spinny raises $65 mn in funding round
Spinny, an online platform for selling pre-owned cars, has raised USD 65 million in a funding round, led by Silicon Valley-based venture capital firm General Catalyst. The Series C funding round saw participation from...
Mohalla Tech, parent company of ShareChat & Moj, raises $502 million
Mohalla Tech, the company that owns short-video app Moj and Indic language social media platform ShareChat, is the latest to join the unicorn club with a latest fundraise of $502 million, valuing the company a little...
