Tata Power has raised ₹9,000 crore through issuance of non-convertible debentures (NCDs) on a private placement basis. The company issued 9,000 unsecured, redeemable, taxable, listed, rated NCDs worth ₹900 crore on...
Tomorrow Capital leads ₹47 crore fund in edtech firm Leverage Edu
Edtech startup Leverage Edu has raised ₹47 crore as part of its Series A funding round led by Mumbai-based venture capital fund, Tomorrow Capital. Existing investors Blume Ventures and DSG Partners also participated in...
Investcorp to invest $10.36 million in Safari Industries
Global alternative investment firm Investcorp on Wednesday said it will invest $10.36 million or about Rs75 crore in luggage maker Safari Industries, subject to shareholder and regulatory approvals. Incorporated in...
Amazon partners Mahindra for EVs
Amazon.com Inc.’s India unit agreed to order more electric vehicles (EVs) from Mahindra Electric as part of a plan to boost its local eco-friendly delivery fleet to 10,000 by 2025 and deliver on founder Jeff Bezos’...
Govt prepares to divest Air India’s ground handling ops
The government is preparing to separately sell Air India Ltd’s profitable ground-handling unit with the privatization of the national carrier making progress. The finance ministry may soon issue a preliminary document...
United Spirits kicks off strategic review of popular brands
Liquor maker United Spirits Ltd (USL) is initiating a strategic review of select popular brands in the country, it said on Tuesday. This comes as it chases more profitable growth by way of premiumizing its portfolio of...
NTPC inks pact to buy GAIL’s 25.1% stake in Ratnagiri Gas and Power
State-owned NTPC on Tuesday said it has signed a share purchase agreement to buy GAIL’s 25.51% stake in Ratnagiri Gas and Power Pvt Ltd (RGPPL), which is commonly known as Dabhol project. After the transaction is...
Financial services platform Fisdom acquires Tax2win
Financial services platform Fisdom has acquired Jaipur-based income tax returns filing platform Tax2win.in. The companies have not disclosed the financial details of the deal. With the acquisition, Fisdom will be able...
Agritech firm DeHaat acquires FarmGuide
Agritech startup DeHaat said it has acquired FarmGuide, a business-to-business (B2B) Software as a Service (SaaS) platform. Financial details of the deal were not disclosed. DeHaat’s co-founder and chief executive...
Sachin Tendulkar picks up stake in Unacademy
Edtech firm Unacademy on Tuesday said it has signed a strategic partnership with Sachin Tendulkar. The former cricketer has picked up a small stake in the company apart from becoming its brand ambassador. Unacademy did...
Ahead of open offer for India unit Vedanta Ltd, firm plans bond sale
Vedanta Resources Ltd. has mandated banks to arrange investor meetings ahead of a potential bond sale, as the firm conducts an open offer for its main listed unit. Vedanta Resources Finance II Plc, a subsidiary of...
Reliance to spin off O2C biz into 100% subsidiary
Reliance Industries (RIL) is carving out its oil-to-chemicals (O2C) business into a 100% wholly-owned-subsidiary, clearing the decks for the induction of an international partner, the company said on Tuesday. RIL had...
