After filing for an initial public offer (IPO) last month, Mumbai-based gaming startup Nazara Technologies Ltd has raised fresh funding of Rs100 crore from Instant Growth Limited (IGL), the investment vehicle of North...
Brookfield nears deal for Mahindra’s EPC biz, solar units
Canada’s Brookfield Asset Management Inc. has signed an exclusivity agreement to buy Mahindra Susten’s engineering, procurement and construction (EPC) business, besides 1,200 megawatts (MW) of solar assets, at an...
Govt to sell stakes in Bhel, 2 others next
India may consider Bharat Heavy Electricals Ltd (Bhel), Mecon Ltd and Andrew Yule and Co. Ltd among candidates for the next round of disinvestment pick, said two people aware of the development, requesting anonymity...
DLF to sell Goa hotel plot in bid to divest non-core assets
DLF Ltd, India’s largest real estate developer, is selling a piece of land in Goa for around ₹250 crores as part of its strategy to divest non-core assets and raise funds to pare debt. “The existing land parcel is among...
Apple near deal with Hyundai on autonomous cars: Reports
Apple is close to a deal on producing its own autonomous vehicles in cooperation with South Korean giant Hyundai with an announcement likely as soon as this month, media reports said. A report by CNBC television, citing...
Sapphire ventures raises $1.7 billion after year of big exits
Sapphire Ventures said it has raised $1.7 billion to invest across multiple funds, giving it more than $5.7 billion under management. Sapphire, based in Palo Alto, California, invests in pre-IPO technology companies, as...
InnerHour raises $5.2 million led by Lightbox
InnerHour, a mental health platform has raised $5.2 million from venture capital firm Lightbox, making this one of the largest fundraise in the Indian mental health ecosystem till date. Lightbox led the funding with an...
Bain in talks to acquire Parksons for ₹3,000 cr
Bain Capital is in talks to buy Daman-based Parksons Packaging Ltd for more than ₹3,000 crore, two people aware of the discussions said, as the US private equity firm plots to bolster its portfolio of packaging...
Sebi ban may not affect RIL deal
The ban on Kishore Biyani and others from dealing in the securities market or shares of Future Retail Ltd may not affect Future Group’s ongoing sale of retail assets to Reliance Industries Ltd, legal experts said. In...
Company rules liberalised, fast track process for mergers extended to start-ups
The government on Wednesday liberalized rules for one-person companies and small companies—two special legal forms allowed under the Companies Act—and offered a fast-track merger and acquisition (M&A) process for...
Apple to invest $3.6 billion in Kia to make EVs: Report
Apple Inc. will invest 4 trillion won ($3.6 billion) in Kia Motors Corp. as part of a collaboration with the South Korean carmaker on making electric vehicles, the DongA Ilbo newspaper reported, without citing anyone...
Indegene to raise $200 mn from Carlyle, Brighton Park
Healthcare solutions firm Indegene Pvt. Ltd said it is raising $200 million from US-based investment firms Carlyle Group and Brighton Park Capital to boost acquisitions and drive global expansion plans. Carlyle and...
