TPG Capital, Apollo Global and Carlyle Group are among private equity giants in early talks with Vodafone Idea Ltd to invest in the company’s optic fibre and data centre assets worth around $1 billion, said two people...
Reliance Industries looks to buy Norway’s solar module maker REC
Reliance Industries Ltd (RIL) is looking to buy Norwegian solar module maker REC Group as part of the oil refiner’s ₹75,000 crore push into clean energy, said two people aware of the development. Chairman and managing...
PNB tells arm to reconsider ₹4,000-crore Carlyle deal
State-run Punjab National Bank has asked the board of its PNB Housing Finance Ltd unit to reconsider the contentious ₹4,000 crore stake sale to Carlyle Group and others, and carve out an alternative capital-raising plan...
NCLAT upholds plea to drop insolvency case against Oyo
The National Company Law Appellate Tribunal (NCLAT) has allowed the withdrawal of the ongoing insolvency case against Oyo Hotels and Homes Pvt. Ltd(OHHPL), a unit of the multi-hospitality chain Oravel Stays Pvt. Ltd...
HDFC Ltd sells 2.46% stake in Hindustan Oil Exploration Co
HDFC Ltd on Wednesday said that it has sold 2.46% stake in Hindustan Oil Exploration Company (HOECL) In a regulatory filing, HDFC Ltd stated, “We wish to inform you that out of 1,48,26,303 equity shares of Rs. 10...
Ceat partners with TyresNmore for contactless customer service
Ceat Ltd on Wednesday announced a collaboration with TyresNMore, an online marketplace for tyres, to provide contactless fitment services at the customers’ doorstep in select cities. Ceat and TyresNmore will offer...
Kotak subsidiary to acquire nearly 10% stake in financial e-learning, stock analytics firm KIPL
Kotak Mahindra Bank’s securities business subsidiary will acquire a nearly 10 per cent stake in financial technology company KIPL engaged in e-learning and stock market for a cash consideration of ₹10 crore. Kotak...
Pine Labs closes latest fundraise at $600 million, eyes US listing
Digital payments provider Pine Labs has raised another $315 million in fresh capital as a part of its ongoing fundraise, and closed its current round at $600 million, the company confirmed on Tuesday. With the fresh...
NRAI moves CCI against foodtech cos
Industry body National Restaurant Association of India (NRAI), on Monday said it has approached the Competition Commission of India (CCI) with evidence to back “anti-competitive” practices such as data masking and...
Religare Enterprises to raise ₹570 cr via preferential issue of shares
Financial services player Religare Enterprises Ltd (REL) on Monday said its shareholders have approved a proposal for raising ₹570 crore via preferential issuance of shares to a clutch of investors, including existing...
Arcatron Mobility raises undisclosed sum from Klub
Pune-based Arcatron Mobility, which manufactures mobility devices for assisted living, has raised an undisclosed amount in growth financing through revenue-based financing platform Klub, that startup said in a statement...
Tata eyes cost synergies post BigBasket deal
Fast-moving consumer goods (FMCG) firm Tata Consumer Products Ltd (TCPL) will work “very closely” with BigBasket, an e-commerce platform that was recently acquired by the Tata Group, to drive synergies in terms of...
