The Tata group is in advanced talks to buy around 80% in BigBasket for around $1.3 billion, valuing India’s largest online grocer at around $1.6 billion, three people with direct knowledge of the development said. After...
Let’s Dive raises $1.7 million from Sequoia India’s Surge
Let’s Dive, a Software as a Service (SaaS) platform providing remote employee engagement, announced today it has raised $1.7 million from Sequoia India’s Surge. Currently being used by Facebook, Swiggy and...
Xiaomi seeks to raise up to $4 billion in shares, convertible bonds
China’s No. 2 smartphone maker Xiaomi Corp. is seeking to raise as much as $4 billion from a combined share placement and sale of convertible bonds, adding to a war chest aimed at expanding its market share. Xiaomi is...
Mindtree partners with Databricks to offer cloud-based data intelligence
IT firm Mindtree today announced that that it has partnered with Databricks, the data and AI company, to help customers implement cloud-based data platforms for advanced analytics. This service will support use of the...
Blackstone buys $7.5 bn credit manager DCI for quant prowess
Blackstone Group Inc. is adding some quant firepower in the biggest deal by its credit unit in almost a decade. The investing titan acquired technology-driven credit investing firm DCI, which oversees about $7.5 billion...
Rabo, Yes stall sale of CCD unit to Tata
The Tata group’s offer to buy the Coffee Day Group’s beverage vending machine business has hit a hurdle with two lenders to the struggling coffee chain blocking the deal until their dues are cleared, two people with...
Facebook buys customer-service software maker Kustomer
Facebook Inc. has acquired Kustomer Inc., a New York-based software company that helps businesses manage customer conversations from multiple services on one dashboard. The deal was valued at more than $1 billion, said...
Sabadell and BBVA scrap mega merger discussion
Spanish banks Banco de Sabadell SA (Sabadell) and Banco Bilbao Vizcaya Argentaria SA (BBVA) were unable to see eye to eye as they ended their short-lived merger talks due to a struggle to compromise on the pricing of...
Adani may make additions to ₹33,000 cr bid for DHFL
Billionaire Gautam Adani’s roads-to-mining group has indicated that it can improve on its ₹33,000 crore takeover offer for collapsed housing lender Dewan Housing Finance Corp. Ltd (DHFL) and has sought forfeiture of...
S&P Global in talks to buy IHS Markit for $44 billion: Report
S&P Global Inc. is in advanced talks to buy IHS Markit Ltd. for about $44 billion, Dow Jones reported, citing people familiar with the matter who weren’t identified. The deal, which would be the biggest this year...
Indiabulls Housing Finance raises ₹93 cr by selling part of its stake in OakNorth Holdings
Mortgage lender Indiabulls Housing Finance Ltd on Sunday announced that it has raised approximately ₹93 crore by selling a portion of its stake in OakNorth Holdings Ltd. “The sale proceeds will be accretive to the...
Glenmark to sell select brands to Dr Reddy’s
Glenmark Pharmaceuticals Ltd has agreed to divest some of its anti-allergy medicine brands in Russia, Ukraine, Kazakhstan, and Uzbekistan to Dr Reddy’s Laboratories Ltd for an undisclosed amount, the two companies said...
