State-owned Hindustan Petroleum Corporation Ltd ( HPCL) will buy out the share of its joint venture partner SP Ports Pvt. Ltd (SPPPL) in the 5 million metric tonnes per annum LNG re-gasification terminal, that is being...
Paris, EU near deal on Air France bailout conditions: Report
The French government and the European Union’s executive are close to an agreement on the terms of a bailout for Air France, which like other carriers has been hammered by the coronavirus pandemic, Le Monde...
Honda agrees to sell British car plant to logistics giant Panattoni
Honda has agreed to sell its only British car plant at Swindon in southern England to logistics giant Panattoni, a company spokesman said on Saturday, as the new owner reportedly plans to make a large investment at the...
Bank of India raises ₹602 crore by issuing Basel III compliant bonds
Public sector Bank of India on Friday said it has raised ₹602 crore by issuing bonds. Bank of India (BOI) has raised ₹602 crore via Basel III compliant additional tier 1 (AT-1) bonds on March 26, 2021, on a private...
DotPe raises Rs200 crore from Google, PayU, Info Edge Ventures
Gurugram based e-commerce startup DotPe has secured $27.5 million (about Rs200 crore) in series A funding from existing investors PayU and Info Edge Ventures, and Google which joined as a new investor. With this, the...
RBI moves NCLAT against Srei group moratorium grant
The Reserve Bank of India (RBI) has moved the National Company Law Appellate Tribunal (NCLAT) challenging an order by the Kolkata bench of the National Company Law Tribunal (NCLT) allowing non-bank financier Srei group...
Bankruptcy filings resume after a year of pandemic
India allowed the resumption of bankruptcy filings, ending a year-old suspension created to protect firms from the impact of the virus pandemic, people with knowledge of the matter said. The law is in operation after an...
JM Financial’s PE fund invests ₹60 crore in packaging company Canpac Trends
JM Financial Private Equity has invested ₹60 crore in Canpac Trends Pvt. Ltd, Mumbai, a Gujarat-based folding carton and packaging solutions company, the PE fund said in a statement. This is the seventh investment by JM...
Social e-commerce platform CityMall raises $11 Mn in new funding
Social e-commerce and online grocery platform CityMall on Thursday said it has raised $11million as part of its Series A funding round, led by Accel Partners. Existing investors Elevation Capital, Jungle Ventures and...
RIL to sell Den Networks and Hathway stakes for ₹1,122 crore
Reliance Industries Ltd (RIL)-promoted Hathway Cable & Datacom Ltd and Den Networks is to sell stakes via an offer for sale (OFS) on 26 and 30 March for ₹853 crore and ₹269 crore respectively. Jio Content...
Byju’s to raise $600-700 mn at nearly $15 bn valuation
Byju’s is in advanced talks to raise $600-700 million at a valuation of nearly $15 billion, two people familiar with the development said, closing in on India’s most valuable startup Paytm which is worth $16 billion...
Cognizant set to acquire German firm ESG Mobility
IT services major Cognizant Technology Solutions Corp. is acquiring Munich, Germany-based ESG Mobility, a digital automotive engineering solutions provider for connected, autonomous and electric vehicles, it said on...
