Bharti will invest an additional USD 500 million (over ₹3,700 crore) into OneWeb, to become the largest shareholder in the satellite communications company that billionaire Sunil Mittal-run Bharti Group along with the...
L&T Tech partners with Mavenir for 5G automation services
L&T Technology Services and Mavenir have partnered on open RAN and 5G test automation solutions. ”L&T Technology Services (LTTS) today announced a strategic partnership to deliver end-to-end 5G automation...
Quadria to pick stake in Encube
Healthcare focused private equity firm Quadria Capital along with its co-investors, including Gulf Islamic Investments, has committed over $100 million for a minority stake in Encube Ethicals, a manufacturer of topical...
GoBOLT raises $20 million from Paragon Partners and Aavishkaar Capital
Logistics solution provider, Camions Logistics Solutions Pvt Ltd, which owns GoBOLT, on Monday said that it has raised $20 million, in primary and secondary funding, as a part of its Series B round led by Paragon...
Krafton invests in Indian video game streaming startup Loco
Loco, an Indian streaming platform for video games, received $9 million from investors including South Korean gaming company Krafton Inc. in its first fundraising effort to capitalize on the growing popularity of games...
Alteria signs deal to invest ₹20 crore in Pratilipi
Indian venture debt fund Alteria Capital Advisors Llp has invested ₹20 crore, as a part of its new funding deal in Pratilipi, a vernacular digital platform. Pratilipi is expected to use the money from Alteria to expand...
NCLT issues written order approving resolution plan for Jet Airways
The National Company Law Tribunal (NCLT) on Friday published the written order approving Jalan Kalrock Consortium’s resolution plan for grounded Jet Airways, and the approval is subject to certain directions. A...
Centre may review IBC provision on withdrawal of case
The government may review the legal provision that allows for the withdrawal of an insolvency case in favour of an often-negligible one-time settlement (OTS), two officials said, citing the example of Siva Industries...
BuzzFeed to go public via $1.5 billion SPAC merger
BuzzFeed Inc will go public through a merger with blank-check company 890 fifth Avenue Partners Inc, named after the fictional Avengers mansion, in a deal valuing the online media outlet at $1.5 billion. The deal...
Visa buys Swedish fintech Tink for more than $2 billion
Visa Inc. agreed to pay more than $2 billion for Tink, a Swedish startup whose digital services connect more than 3,400 banks and financial institutions in Europe. The largest U.S. card network is buying the financial...
US-based RedBird, an investor in Liverpool FC, picks up 15% stake in Rajasthan Royals
Private investment firm RedBird Capital Partners, which has interests in the parent company of Liverpool and the Boston Red Sox, has picked up a 15% stake in Indian Premier League cricket franchise Rajasthan Royals for...
RIL-Saudi Aramco deal to close this year: Ambani
Mukesh Ambani, chairman and managing director of Reliance Industries Ltd (RIL), on Thursday, said he expects the company’s deal with Saudi Aramco to materialise this year. Meanwhile, Yasir Al-Rumayyan, chairman of...
