AU Small Finance Bank Ltd on Tuesday said it has raised Rs625.5 crore through a qualified institutional placement (QIP) of 5 million equity shares at an issue price of Rs1,251 apiece. The issue, the bank said, was...
Fintech startup Yap raises $10 million
Fintech startup Yap has raised $10 million in its Series B round, co-led by Flourish Ventures and Omidyar Network India. Yap’s existing investors Beenext, 8i Ventures, DMI Group also participated in the financing round...
Nokia partners with Microsoft, Amazon, Google
Finnish telecom equipment maker Nokia on Monday announced it has partnered with Microsoft, Amazon web services and Google to develop new cloud-based 5G radio solutions with its radio access network (RNA) technology. The...
Beijing presses Alibaba to sell media assets, including South China Morning Post
The Chinese government wants Alibaba Group Holding Ltd. to sell some of its media assets, including the South China Morning Post, because of growing concerns about the technology giant’s influence over public opinion in...
Robinhood buys recruiter Binc to step up hiring
Robinhood said on Monday it would buy recruiting firm Binc for an undisclosed sum, adding more than 80 employees to help the U.S. online brokerage recruit talent. “The addition of Binc will double the size of our...
Distressed Kesoram Industries plans to sell junk bonds yielding 21%
Distressed Kesoram Industries Ltd. is planning to sell junk-rated rupee bonds that yield as high as 21%, a rare issuance in India’s local-currency debt market where most borrowers have AA ratings or higher. Cement...
Roche to buy US firm GenMark Diagnostics for $1.8 bn
Swiss pharma giant Roche said Monday it is buying US firm GenMark Diagnostics for $1.8 billion (1.5 billion euros). GenMark, based in California, makes molecular tests that can establish the presence of several...
Richard Branson targets new space SPAC to take Virgin Orbit public
Richard Branson is looking for a special-purpose acquisition company to merge with another of his space companies, according to a person familiar with the matter. The billionaire’s satellite launcher, Virgin Orbit, has...
CVC enters exclusive talks to buy control of pharma firm Cooper Consumer Health
CVC Capital Partners has entered exclusive talks to acquire control of European over-the-counter drugmaker Cooper Consumer Health. The buyout firm is negotiating the purchase of a majority stake in Paris-based Cooper...
D2C beauty brand Juicy Chemistry raises $6.3 million in Series A funding
Homegrown skin and hair care direct-to-consumer (D2C) brand Juicy Chemistry has raised $6.3 million in Series A funding round led by Belgium-based investment firm Verlinvest. This is the first institutional fundraising...
Infosys, Newmont extend strategic tie-up by 5 years
IT services major Infosys on Thursday said that it has extended its strategic collaboration with Newmont Corporation, the world’s largest gold mining company, by five years. This association between Infosys...
Accenture completes acquisition of Imaginea to expand cloud capabilities
Global technology major Accenture said on Thursday it has completed its acquisition of Imaginea, a cloud-native product and platform engineering firm that helps companies drive innovation through disruptive technologies...
