Willis Towers Watson, a global advisory, broking, and solutions company, has signed an agreement to acquire the remaining 51% stake from Anemone Holdings Private Ltd and Rohit Jain in Willis Towers Watson (WTW) India...
Unilever to sell Lipton Tea owner to CVC Capital for $5 Billion
Unilever Plc, the owner of Lipton and PG Tips, agreed to sell some tea assets to buyout firm CVC Capital Partners in one of the year’s biggest carveouts by a European company. The transaction values the business at 4.5...
China Evergrande to shed stake in Tencent-backed venture for $273 million
Cash-strapped property giant China Evergrande Group said it will sell its entire stake in a company that provides online video-streaming and Internet home services for the equivalent of $273 million, closing a chapter...
Sidbi joins hands with Google to help MSMEs
Small Industries Development Bank of India (Sidbi) today said it has entered into a partnership with Google India Pvt Ltd (GIPL) for piloting a social impact lending programme with financial assistance up to ₹1 crore at...
Avail Finance acquires neobank, seeks approval to buy NBFC
Avail Finance, which offers loans to blue-collar workers, has acquired YeLo, a neobank operating in the same segment, and is seeking regulatory nod to purchase non-bank lender Art Climate Finance (India) Pvt. Ltd, a...
Eye on IPO, ITC likely to spin off its IT services arm
ITC Ltd is likely to spin off and list its wholly-owned software services business in the coming months at a valuation of ₹20,000-25,000 crore, a person familiar with the matter said, requesting anonymity. ITC Infotech...
AI customer-service startup Netomi raises $30 million
Netomi Inc., a provider of customer-service chatbots, said it has raised $30 million in a Series B funding round that values the company at $210 million, up from a valuation of $67.5 million in 2019. Netomi customers...
Carlyle to buy Switzerland’s AutoForm Engineering in $2 billion deal
U.S. private-equity firm Carlyle Group Inc. Wednesday struck a $2 billion deal to acquire AutoForm Engineering GmbH, a Switzerland-based industrial software provider. Carlyle is acquiring the business from smaller...
K&L Wellness raises ₹30 crore from angel investors
Healthtech company K&L Wellness Technology Pvt. Ltd on Wednesday said it has raised ₹30 crore as part of its seed round from angel investors. Angel investors participating in the round include Vimal Kedia and...
GoKwik raises ₹112 cr funding led by Sequoia Capital India
E-commerce enablement company GoKwik today said it has raised ₹112 crore (about $15 million) in funding, led by Sequoia Capital India. The series A round also saw participation from existing investors Matrix Partners...
Delhi HC directs CCI to quickly decide on notice to Amazon
Delhi high court on Tuesday directed the Competition Commission of India (CCI) to expeditiously decide on its show-cause notice to Amazon on the revocation of approval given to the US-based company for the investment...
Carlyle partners with Viyash for generics platform
Global investment firm Carlyle and pharmaceutical professionals Dr Hari Babu and Dr Srihari Raju Kalidindi, founder and co-founder of Viyash Life Sciences Pvt Ltd on Tuesday said that CA Hull Investments, an affiliated...
