Logistics software-as-a-service (SaaS) platform FarEye on Tuesday said it has raised $100 million in a Series E round led by US-based Technology Crossover Ventures (TCV) and Dragoneer Investment Group, as the pandemic...
Zeta raises $250 million from SoftBank fund, turns unicorn
Banking tech startup Zeta has become the latest unicorn in India after raising $250 million from SoftBank’s Vision Fund 2 at a valuation of $1.25 billion. This is the first investment from an institutional investor for...
Fireflies.ai raises ₹100 Cr in Series A funding led by Khosla Ventures
Enterprise voice-assistant provider Fireflies.ai on Monday said it has raised Rs100 crore as a part of its Series A funding round, led by Khosla Ventures, to fuel its next phase of growth. Early-stage venture capital...
JSW Steel denies Liberty asset bid as mill plans India expansion
India’s most valuable steelmaker is ruling out overseas acquisitions and is instead focusing firmly on its home market, with a $3.4 billion plan to sharply boost output. JSW Steel Ltd., whose quarterly profit soared to...
Merger of GST slabs likely to take longer
A plan to merge goods and services tax (GST) slabs of 12% and 18% into a single rate that will apply to most goods is expected to get delayed, while the GST compensation cess levied on items like cars may be extended...
upGrad acquires Impartus
Online higher education platform upGrad has acquired Impartus, a video-learning solutions provider, for ₹150 crore, in a cash and stocks deal as it looks to distribute its courses to colleges and other educational...
Consolidation in entertainment will keep us riveted
All hail the coming of the world’s third big online streaming giant: Warnermedia’s merger with Discovery is upon us. Consolidation in this business is good for the couch potato, and there will be more of it to go...
DHFL Lenders did not consider Wadhawan’s proposal on merits or commercial wisdom: NCLT
Creditors of Dewan Housing Finance Corporation Ltd (DHFL) did not consider the settlement proposal by its promoter Kapil Wadhawan on its merits or with commercial wisdom, the Mumbai bench of the National Company Law...
Persistent Systems to acquire Sureline Systems for $2.5 million
Persistent Systems Ltd has entered an agreement to acquire select assets and employees of Sureline Systems for a maximum purchase consideration of $2.5 million, the company said in an exchange filing. The acquisition is...
Mindtree to acquire NxT Digital Business of L&T Group for Rs 198 cr
Mid-cap IT services player Mindtree said it has signed an agreement to acquire the NxT Digital Business, the cloud based IoT and AI platform for Industry 4.0 of L&T Group for a consideration of Rs 198 crore. The NxT...
DBS has sufficient capital to bid for Citi India unit: Bernstein
DBS Group Holdings Ltd. has sufficient capital to bid for Citigroup Inc.’s consumer assets in India valued at S$2.7 billion ($2 billion) without needing to raise additional funds, Sanford C. Bernstein & Co. analysts...
Magenta Power raises Rs120 cr from Indian American philanthropist Kiran Patel
Magenta EV Solutions, a startup associated with developing changing devices for electric vehicles, on Thursday, announced raising ₹120 crore from Kiran C Patel, an Indian American cardiologist and philanthropist. In...
