The Supreme Court on Tuesday stayed the criminal proceedings in the FIR lodged by Essel Group against the Yes Bank saying it cannot allow the police sitting in Gautam Buddha Nagar in Uttar Pradesh to freeze voting...
Edelweiss Financial Services plans to raise up to ₹500 cr via NCDs
Edelweiss Financial Services Limited (EFSL) on Tuesday said it is looking to raise up to ₹500 crore through issuance of secured redeemable non-convertible debentures (NCDs). The base size of the issue is ₹200 crore with...
Cargill acquires Nellore-based edible oil refinery
Edible oil maker Cargill has acquired an edible oil refinery located in Nellore, Andhra Pradesh. The $35 million investment to acquire and upgrade the facility will “significantly” expand Cargill’s edible...
Halt RIL-Future deal, market regulator urged
Amazon.com Inc. and a lobby of at least 15,000 small businesses have written to the markets regulator, demanding revocation of the conditional approval it has granted to the ₹24,713 crore deal for the Future Group to...
10club strengthens sports portfolio with Aurion acquisition
E-commerce aggregator, 10club, on Monday said that it has acquired sports and fitness equipment provider, Aurion. 10club will work with Aurion to explore and develop various avenues for exponential growth. This marks...
Nandal Finance gets nod to buy Central Electronics for ₹210 cr
A ministerial group, comprising Union ministers Nitin Gadkari, Nirmala Sitharaman, and Jitendra Singh, has approved a ₹210-crore bid by Nandal Finance and Leasing Pvt. Ltd to acquire state-owned Central Electronics Ltd...
Edtech 21K School raises $5 mn from Ronnie Screwala
Edtech platform, 21K School has raised $5 million as part of its Pre-Series A round from upGrad co-founder and chairman, Ronnie Screwvala, the company said on Monday. According to the company, it plans to deploy the...
RBI to soon start insolvency process of Reliance Capital, supersedes Board
The Reserve Bank of India (RBI) has superseded the board of Reliance Capital as the company defaulted on various payment obligations to its creditors and the company will go under the insolvency process soon. “In...
Promoter stake up in Adani Green even as Mauritius funds sell
A Mauritius-based promoter entity has acquired about 5% of equity shares in recent months in Adani Green Energy, indicating a doubling down on the renewables bet by group chairman Gautam Adani. The purchase of shares by...
Reliance may slice up oil-to-chemical biz to unlock value
Reliance Industries Ltd (RIL) may hive off parts of its oils-to-chemicals division to make it easier to induct investors and unlock value after it scrapped a plan to sell a $15 billion stake in the business to Saudi...
Razorpay seeks to raise $270 million
Venture capital firm TCV is in advanced talks with Razorpay to lead a new $270 million fundraising by the fintech unicorn, two people familiar with the matter said. The Series F round of funding is likely to more than...
Latam Airlines nears chapter 11 deal with creditors amid rival’s merger push
Latam Airlines Group SA is close to launching a chapter 11 exit strategy backed by some unsecured creditors as it vies to fend off a competitor’s efforts to build support for a proposed business combination, people...
