State-run power giant NTPC on Monday told stock exchanges its board of directors will consider a proposal for buyback of equity shares of the company on 2 November. On Monday, NTPC’s scrip on BSE closed 0.5% lower...
Jumbotail raises $11 million led by Heron Rock
Jumbotail, an online wholesale marketplace for food and grocery products, has raised $11 million in series B2 round of funding led by Canadian venture capital fund Heron Rock, with participation from Jumbofund, Nexus...
TaMo looks for PV biz partner
Tata Motors is actively scouting for a partner for its passenger vehicle business to be ready for growth in the next decade which would see huge investments going into new technologies, regulations, according to a top...
Warburg to sell CleanMax stake
Warburg Pincus Llc is exploring the sale of its stake in rooftop solar power company CleanMax, two people aware of the development said, adding the private equity firm may hire an investment banker soon. A potential...
Will enforce rights, complete Future transaction without any delay: Reliance
Reliance Retail Ventures Ltd (RRVL), the retail arm of India’s richest man Mukesh Ambani’s Reliance Industries Ltd on Sunday evening said that it intends to enforce its rights and complete the transaction in...
Lenders of debt-ridden DHFL to meet on Monday to take call on bids: Report
The committee of creditors (CoC) of debt-ridden DHFL is scheduled to meet on Monday to take a call on four bids, including from Adani Group and Piramal Enterprises, received as part of resolution process for the...
Amazon open to bailing out Future Group
Amazon Inc. is open to helping debt-laden Future Group bring in a new, financially strong partner or investor if it calls off its ₹24,700 crore deal with Reliance Retail Ventures Ltd, said two people aware of the US e...
China’s Fosun-owned Gland Pharma gets Sebi nod for proposed ₹6,000 cr IPO
Gland Pharma Ltd, which is majority-owned by China’s Fosun group, has received the Securities and Exchange Board of India’s (Sebi) approval to go ahead with its proposed ₹6,000 crore IPO, a person aware of the...
TCS in talks to buy Deutsche Bank’s technology unit
Tata Consultancy Services Ltd (TCS), Asia’s biggest software exporter by market value, is in advanced talks to acquire a technology services unit of Deutsche Bank AG, people with knowledge of the matter said. The...
Videocon insolvency: Dhoot family offers to pay ₹30,000 crore to lenders
To settle the outstanding loans and pull out 13 Videocon group firms from the insolvency proceedings, the Dhoot family has offered to pay ₹30,000 crore to lenders. Now, a proposal for paying the amount has been...
Embassy to sell maintenance biz of two office parks to REIT for ₹474 crore
Embassy REIT, India’s first listed real estate investment trust will buy the property maintenance business of Embassy Manyata Business Park in Bengaluru and Embassy Tech Zone in Pune. Both the properties are part of...
Vedanta seeks ways to raise funds after delisting failure
Anil Agarwal’s natural resources company Vedanta Ltd may offer an inter-corporate loan to the Singapore-listed Vedanta Resources Ltd (VRL) to help pay off debt, after its bid to delist from the exchanges failed, said...
