Debt-laden Air India Ltd is set to raise about ₹1,000 crore this week to complete total fundraising of about ₹6,150 crore in short-term loans from local lenders, said two people with direct knowledge of the matter. The...
Small businesses seek freeze in IBC action to continue
Small businesses are seeking an extension of the protection given to them from bankruptcy proceedings for defaults during the pandemic beyond the nine-month period, which expires this month. But experts are divided over...
Indian short video platform Bolo Indya raises $400,000 from Inflection Point Ventures
Homegrown short-video platform, Bolo Indya, has raised $400,000 from Inflection Point Ventures, taking the company’s total to fundraise till date to $1 million. The platform currently has 6.5 million users and is...
Digital pocket money start-up Junio eyeing to raise $3 million
Junio, a kids-focused digital smart card that lets children make digital and physical purchases, has announced to raise $3 million in a seed round. The fundraising round is backed by marquee institutional investors...
Volume of deals reaches a high in the eleventh hour of 2020
Recent data from Bloomberg showed that deal volumes have greatly picked up, with November seeing more acquisition activity than any other month this year. Early in the spring of 2020, deal activity all but came to a...
Three entities submit EoIs for BPCL stake
Oil minister Dharmendra Pradhan on Wednesday said the government has received three preliminary bids in the privatization process of state-owned Bharat Petroleum Corp. Ltd (BPCL). Speaking at a webinar organized by...
Sebi questions BSE on its nod for Future deal
The markets regulator has questioned BSE’s alacrity in clearing the share capital reorganization of Future Group firms, as part of a $3.5 billion acquisition by Reliance Industries Ltd (RIL), despite four unresolved...
DHFL lenders file personal insolvency case against Wadhawans
Lenders to Dewan Housing Finance Corp Ltd have moved the Mumbai bench of National Company Law Tribunal (NCLT) to initiate personal insolvency proceedings against the erstwhile promoters Kapil and Dheeraj Wadhwan...
Tata Sons buys 0.71% stake in Tata Chemicals for around ₹76 crore
Tata Sons Pvt Ltd, promoter of Tata Chemicals bought 1.81 million shares or 0.71% for ₹76 crore in an open market transaction on Wednesday. According to the bulk deal data on NSE, Tata Sons acquired 18,07,245 shares of...
Merck sells stake in Moderna as vaccine gets FDA review
Merck & Co. said it sold its stake in Moderna Inc., the biotechnology company that’s in the midst of developing a Covid-19 vaccine. The shares of both companies rose. Merck sold its direct equity investment in...
Reliance Jio leads funding round in gaming company Krikey
Reliance Jio on Wednesday said it has led Series-A funding round in augmented reality mobile gaming company Krikey. The company did not disclose the financial details of the investment. With this round, the total...
Bharti Airtel’s arm buys additional 4.9% stake in Infratel for ₹2,882 cr
Telecom major Bharti Airtel on Wednesday informed that its wholly owned subsidiary Nettle Infrastructure Investments Limited has bought 4.94% additional stake in Bharti Infratel for ₹2,882.32 crore via block deals...
