US apparel retailer Gap Inc. is in talks with Flipkart-owned fashion e-tailer Myntra as it explores potential partnerships in India after ending a franchise pact with Arvind Lifestyle Brands Ltd (ALB) last year, said...
EduFund raises 2.5 crore pre-seed round led by View Trade Holding Corp
EduFund one of India’s fastest-growing higher education planning apps has recently raised INR 2.5 crore as part it’s pre-seed investment round. ViewTrade Holding Corp – a US-based holding corporation which owns a full...
Amazon moves SC in Future Retail-Reliance Industries case
Amazon.com NV Investment Holdings on Thursday filed a special leave petition in the Supreme Court against a recent Delhi high court order that allowed Future Group to go ahead with its proposed ₹24,713 crore deal with...
BharatPe close to unicorn tag with $108 mn funding
Lending and digital payments startup BharatPe has raised close to $108 million in Series D primary and secondary equity funding led by existing investor New York-headquartered hedge fund Coatue Management at a valuation...
TikTok sale to Oracle, Walmart is shelved as Biden reviews security
A US plan to force the sale of TikTok’s American operations to a group including Oracle Corp. and Walmart Inc. has been shelved indefinitely, people familiar with the situation said, as President Biden undertakes a...
Govt kicks off process for selling stake in Tata Communications
As many as 11 merchant bankers, including Goldman Sachs, JM Financial and Axis Capital, are in race for managing the sale of the government’s 26.12% stake in Tata Communications Ltd. The government will sell its...
Cure.fit acquires Fitternity in second acquisition in 2021
Fitness startup Cure.fit on Tuesday said it has acquired fitness facilities aggregator Fitternity, a move that will give it access to a higher number of offline fitness centres in the country. The value of the deal was...
Glenmark board to meet this week to consider buyback for Singapore-listed FCCBs
Glenmark Pharmaceuticals today said its board will meet later this week to consider buyback of its Singapore-listed foreign currency convertible bonds (FCCBs). “…a meeting of the Board of Directors of...
Education loan firm Eduvanz raises $10 million in debt funding
Digital non-banking firm Eduvanz Tuesday said it has raised $10 million in debt funding from multiple financial institutions including InCred Financial Services, Vivriti Capital, and Northern Arc Capital. The five-year...
ReNew raises $460 million through dollar bond issuance
ReNew Power Pvt Ltd, one of India’s largest renewable energy companies, on Tuesday said that it has raised $460 million by issuing bonds to overseas investors to refinance existing offshore bonds raised in 2017. This is...
BPCL to complete NRL stake sale by end of March
State-run Bharat Petroleum Corp. Ltd (BPCL) aims to complete the sale of its stake in Assam-based Numaligarh Refinery Ltd (NRL) by end-March. The company is also close to finalizing the transaction to buy a 36.62% stake...
GAIL acquires IEX’s 5% stake in Indian Gas Exchange
The Indian Energy Exchange (IEX) today said state-owned GAIL (India) Ltd has acquired five per cent stake of the IEX in its arm Indian Gas Exchange (IGX). S N Goel, Chairman, IEX and Director – IGX said, “With...
