Wipro Ltd on Wednesday said it has signed a definitive agreement to acquire Encore Theme Technologies Pvt. Ltd, a specialist in providing software-as-a-service (SaaS) and cloud solutions in financial services. The...
Volkswagen and Toyota truck units team up on electrification
Volkswagen AG and Toyota Motor Corp.’s truck subsidiaries are joining forces on battery-electric and fuel-cell vehicles, enabling the companies to split the costs of developing technology needed to comply with stricter...
Clix-LVB deal hits rough weather over RFL case
The proposed merger between Clix Capital and Lakshmi Vilas Bank (LVB) has run into delays over the provisioning of the bank’s contingent liability of ₹720 crore related to transactions involving former Religare...
Treebo raises ₹10 crore from angel investors
Budget hotel chain, Treebo Hotels on Tuesday said that it has raised ₹10 crore from a group of angel investors including founder and CEO of Paytm, Vijay Shekhar Sharma; co-founder and CEO of Rebel Foods, Jaydeep Barman;...
Embassy REIT raises ₹750 crore via NCDs
Embassy REIT, the first real estate investment trust listed in India, has raised ₹750 crore through issue of non-convertible debentures (NCD) at 6.70% quarterly coupon rate. The NCDs will be listed on the Wholesale Debt...
GetVantage raises $5 million in funding led by Chiratae Ventures
Mumbai-based fintech platform, GetVantage, on Tuesday said that it has raised $5 million, through equity and debt, as a part of its seed round of funding led by Chiratae Ventures (formerly IDG Ventures). The round also...
FreshToHome raises $121 million to expand in India, UAE
FreshToHome, a Bengaluru-based online fresh fish and meat retailer, has raised $121 million in Series C funding led by Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai...
AMD to buy Xilinx for $35 billion in data center push
Semiconductor designer Advanced Micro Devices Inc (AMD) on Tuesday said it has agreed buy Xilinx Inc in a $35 billion all-stock deal that will intensify its battle with Intel Corp in the data center chip market. The...
CSB Bank partners with IIFL Finance for gold loan origination
Private-sector lender CSB Bank, formerly Catholic Syrian Bank, today said that it has entered into a partnership with non-banking finance company, IIFL Finance (IIFL) for sourcing and managing retail gold loan assets...
Tech Mahindra acquires Momenton and Tenzing to boost financial services biz
IT services company Tech Mahindra on Tuesday said it acquired 100% equity in two companies—Momenton, a digital enterprise technology firm and Tenzing Ltd, a technology consulting firm. Both organizations are expected to...
Apex court dismisses CCI plea against Flipkart, Amazon
The Supreme Court on Monday refused to hear a petition filed by the Competition Commission of India (CCI) seeking directions to vacate a stay order issued by the Karnataka high court on its investigation against...
Baring Private Equity Asia sells 6.27% stake in Coforge Ltd for ₹878 crore
Hulst BV, part of private equity investor Baring Private Equity Asia (BPEA), on Monday sold 38 lakh shares or 6.27% of Coforge Ltd, earlier known as NIIT Technologies, for ₹878 crore through block deals. As per data...
