Mountain View and Bengaluru-based marketing platform Slintel on Tuesday said that it has raised $4.2 million in a funding round led by Accel, with participation from Sequoia Capital India and existing investor Stellaris...
Knowledgehook raises £13.5m in Series A to expand globally
Maths learning platform Knowledgehook has raised £13.5m Series A equity funding, led by a UK-based EdTech investment fund with participation from Mesoamerica’s Alexandria Corp., Nelson Education, Ideal Ventures, and...
VC firm SAIF Partners renamed Elevation Capital, raises $400 million
SAIF Partners, which has close to $2 billion in assets under management, has been renamed as Elevation Capital. Along with the change in brand identity, Elevation Capital also announced that it has raised $400 million...
Dukaan raises $6 million in seed funding co-led by Matrix and Lightspeed India
Dukaan, a startup that helps local stores to sell their products online, on Tuesday said that it has raised $6 million as a part of its seed funding round co-led by Matrix Partners India and Lightspeed India Partners...
Intel agrees to sell storage unit to SK Hynix $9 billion
Intel Corp. agreed to sell its Nand memory unit to South Korea’s SK Hynix Inc. for about $9 billion, part of a broader effort by the U.S. chipmaker to concentrate on its main business. The Asian memory chipmaker said in...
Kerala HC upholds Adani airport deal
The Kerala high court on Monday allowed billionaire Gautam Adani to operate the airport in state capital Thiruvananthapuram, rejecting the state government’s contention that the privatization was not in the public...
ConocoPhillips buying Concho in $9.7 billion all-stock deal
ConocoPhillips is buying shale producer Concho Resources in an all-stock deal valued at $9.7 billion. Concho’s common stock will be exchanged for a fixed ratio of 1.46 shares of ConocoPhillips shares. The combined...
Edelweiss Asset Management raises ₹6,600 cr
Edelweiss Group on Monday said its asset management arm has raised ₹6,600 crore from global long term investors for on-lending to Indian companies and projects requiring long term capital. Edelweiss Alternative Asset...
Family settlement deed at the heart of Kirloskar dispute
The Kirloskar family along with their two listed businesses have now been engaged in a legal battle for over two years and at the heart of the dispute is a ‘deed of family settlement’ or DFS signed in 2009. Ironically...
Relief for Jet staff as lenders give nod to resolution plan
Employees of Jet Airways (India) Ltd breathed a sigh of relief after the committee of creditors of Jet Airways approved a revival plan for the airline submitted by a consortium consisting of Kalrock Capital and Murari...
Brookfield, CPPIB, NIIF in race to buy Mahindra’s 600MW solar assets
Brookfield, Canada Pension Plan Investment Board (CPPIB), National Investment and Infrastructure Fund (NIIF) and Edelweiss Yield Plus Infrastructure Fund are among half a dozen investors in discussions to acquire nearly...
‘Acquisitions will be part of HCL’s growth strategy’
IT firm HCL Technologies Ltd recorded a September quarter net profit growth of 7.4% sequentially and 18.5% year-on-year to ₹3,142 crore. In an interview, C. Vijayakumar, president and CEO, HCL Technologies, spoke about...
