General Electric Co. Chief Executive Larry Culp is turning off the lights at GE Capital, a once-sprawling lender, and shedding debts that have hung over the industrial giant since the 2008 financial crisis. On...
SJVN wins bid to buy PTC’s wind assets for ₹2,000 cr
State-run hydropower generator SJVN Ltd has outbid NTPC Ltd to emerge as the preferred bidder for PTC India Ltd’s 288-megawatts (MW) wind power assets spread across Madhya Pradesh, Karnataka, and Andhra Pradesh, two...
ONGC acquires 5% stake in Indian Gas Exchange
Oil and Natural Gas Corp (ONGC) on Wednesday said it has acquired a 5 per cent stake in Indian Gas Exchange (IGX), joining likes of Adani Total Gas, Torrent Gas and GAIL in nation’s first gas exchange. “ONGC...
Max Healthcare raises ₹1,200 cr via QIP issue route
Max Healthcare Institute Ltd (MHC) on Wednesday said it has raised ₹1,200 crore via issue of securities. The company, which is the country’s second largest private hospital chain, has raised the capital...
VerSe Innovation acquires photo sharing app Vebbler
Bengaluru-based VerSe Innovation, which owns and operates local language news Dailyhunt and short-form video app Josh, has acquired Vebbler, a community-focused photo and video sharing app launched by Sahil Bhagat. This...
Care downgrades Srei to default; firm says rating is wrong, baseless
Care Ratings has downgraded Srei group’s debt totalling ₹29,240.3 crore to “default”. The National Company Law Appellate Tribunal (NCLAT) had earlier temporarily removed a restriction placed by a lower tribunal on...
Microsoft completes Bethesda acquisition; move to bolster Xbox game library
Tech giant Microsoft has completed its acquisition of ZeniMax Media, the company that owns gaming studio Bethesda. The acquisition was announced last year, but received the requisite regulatory approvals recently. The...
RIL to back Future Retail’s operations
Reliance Industries Ltd (RIL) has agreed to extend operational support to Future Retail Ltd to prevent its collapse while its ₹24,713-crore deal to buy the cash-strapped retailer’s assets awaits approval from a company...
BPCL Trust sells BPCL shares worth ₹5,525 crore
BPCL Trust for investment in shares on Tuesday offloaded shares worth over ₹5525 crore in Bharat Petroleum Corporation Ltd (BPCL) through an open market transaction. According to a bulk deal on the National Stock...
Jungle Ventures leads $46 million round in Turtlemint
InsurTech platform Turtlemint said it has raised funding from Singapore-based Jungle Ventures, its first investment in the category, bringing the startup’s Series D fundraising to a close at $46 million. The funds will...
Quizizz raises $12.5 mn in Series A round
Edtech startup, Quizizz has raised $12.5 million as a part of its Series A funding round led by Eight Roads Ventures. The round also saw participation from GSV Ventures, Rocketship VC and existing investors Nexus...
Nodwin Gaming raises ₹164 cr funding from PUBG creator Krafton
Esports firm Nodwin Gaming has raised Rs164 crore in equity investment from South Korean gaming firm Krafton which has picked up a minority stake in the company. Krafton is best known for intellectual properties and...
