Malaysia’s AirAsia Berhad, which sold a big chunk of its stake in AirAsia India Ltd (AAIL) to Tata Sons late last year, has valued its remaining 16% stake at $18.8 million. In a stock exchange filing, AirAsia Berhad...
MG Motor ties up with Attero to recycle batteries of electric vehicles
MG Motor India Pvt. Ltd, one of the new entrants in the Indian car market, on Friday, announced collaboration with Attero, an electronic asset management company, to effectively recycle the lithium-ion batteries fitted...
Motherson Group’s rejig gets CCI nod
Competition Commission of India (CCI) said on Thursday that an internal restructure of Motherson Group has been granted deemed approval. The competition watchdog said in a statement that it has received a notice from...
Agritech startup FarMart raises $2.4 million in pre-series A funding
Agritech platform FarMart on Thursday said that it has raised $2.4 million as a part of its pre-series A funding round led by Omidyar Network India and Avaana Capital. Existing investors Indian Angel Network and...
Kodo raises $8.75 million in seed funding
Corporate card startup, Kodo, on Thursday said it has raised $8.75 million as a part of its seed round of funding from Brex, Goat Capital, Pioneer Fund and other Silicon Valley investors. It will use the funds to...
Onward Technologies to raise Rs70 cr from PE investor Convergent Finance
Digital and engineering services company Onward Technologies Ltd on Thursday said its board has considered and approved raising Rs70.2 crore from funds advised by Convergent Finance LLP, a private equity investment firm...
Accenture bets on acquisitions to bolster cloud biz
Accenture is betting on acquisitions to expand its cloud business which grew in double-digits for the second quarter ended 28 February. Accenture’s fiscal year ends 31 August. The IT consulting giant formed the Cloud...
Amazon to buy Hollywood studio MGM for $8.45 billion, with debt
Amazon.com Inc. has agreed to buy the Hollywood studio MGM Holdings for $8.45 billion, including debt, in a deal that would turn a film operation founded in the silent era into a streaming asset for the e-commerce...
Lithium Urban Technologies acquires SmartCommute
Mobility solutions provider, Lithium Urban Technologies, on Wednesday said it has acquired end-to-end employee transport software provider, SmartCommute, in a bid to increase its mobility offerings. The seven-year-old...
Gati to sell its cold chain biz stake to Mandala
Gati Ltd, part of Allcargo Group, will exit its cold chain business by selling its entire 70% stake to existing shareholder Mandala Capital AG Ltd for an undisclosed amount. Mandala, which currently holds a 30% stake in...
Atlan raises $16 million in Series A funding led by Insight Partners
Data collaboration software provider, Atlan, on Tuesday said that it has raised $16 million, as a part of its Series A funding round led by global venture capital and private equity firm, Insight Partners. Existing...
Patni family office, Baring Private Equity to invest Rs76 cr in PG Electroplast
The board of PG Electroplast Limited (PGEL) at its meeting held on Tuesday approved raising ₹76.6 crore through compulsorily convertible debentures (CCD) and preferential allotment of equity shares, the company said in...
