India’s quasi-sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF), has emerged as the buyer of the hybrid annuity road assets of Ashoka Concessions Ltd for an equity value of around $100...
Tricot Investments sells Timken India shares worth over ₹152 crore
Tricot Investments Ltd has sold 1.12 million shares or 1.49% of the equity on Friday of Timken India Ltd worth over ₹152 crore through an open market transaction. Tricot Investments sold 11.2 lakh shares of Timken India...
Delivery startup Dunzo seeks $150 million funding
Dunzo Digital Private Ltd., a delivery startup backed by Google and operating in eight Indian cities, aims to double the amount of capital it has raised so far to extend its reach across the country and become a $1...
Renault India partners Cero Recycling for vehicle scrappage service
Renault India, a unit of Groupe Renault France, has tied up with Cero Recycling to help customers scrap their old vehicles. The company will provide incentives or financial benefits to prospective customers for...
RIL to appeal in SAT against Sebi fine on Ambani
Reliance Industries Ltd (RIL) on Thursday said it will appeal in the Securities Appellate Tribunal (SAT) against the Securities and Exchange Board of India’s (Sebi) penalty of ₹25 crore on its chairman and managing...
Sanjeev Gupta businesses in Australia face Credit Suisse insolvency push
Credit Suisse Group AG has commenced court action in Australia seeking the liquidation of two companies owned by Sanjeev Gupta, as part of its global push to recoup capital lent to Gupta’s metals empire via the failed...
Toshiba gets deal proposal that could be worth more than $20 billion
Japan’s Toshiba Corp. said Wednesday that it received a proposal for acquisition from private equity firm CVC Capital Partners, in a deal that could be valued at more than $20 billion if completed. Toshiba said it would...
Tiger Global, SoftBank invest in Redis Labs
Database software startup Redis Labs has raised $110 million in a Series G round led by new investors Tiger Global Management and SoftBank Vision Fund 2, at a valuation of over $2 billion, it said on Wednesday. Existing...
SuperBottoms raises $2 million in Series A funding
Baby products startup, SuperBottoms, on Tuesday said that it has raised $2 million as a part of its Series A funding round from Saama Capital and DSG Consumer Partners. The four-year-old startup sells reusable cloth...
Pitstop raises $3.5 million in pre-series B funding led by Ventureast
Car repair and service provider, Pitstop, on Tuesday said that it has raised $3.5 million as a part of its pre-series-B led by Ventureast, as it looks to expand its presence across the country. The funding also saw...
Zerodha, WazirX founders invest in fintech lender Kudos
Homegrown digital lending infrastructure company Kudos has raised an undisclosed amount in pre-series A funding from multiple fintech founders and angel investors including Nithin Kamath of Zerodha, Nitin Gupta of UNI...
Axis Bank becomes co-promoter of Max Life Insurance, to own 12.9% stake
Axis Bank Ltd on Tuesday said that it has become co-promoters of Max Life Insurance Company Limited, after completion of the acquisition of 12.99% stake collectively by the Axis Entities in the company. “The Board...
