Top IT services companies are increasingly acquiring smaller cloud firms as a strategy to grow their cloud business, which has accelerated as clients embraced digital transformation during the pandemic. These...
Liberty Steel makes bid for Thyssenkrupp steel unit
Liberty Steel, founded by commodities tycoon Sanjeev Gupta, on Friday said it had made a non-binding offer for Thyssenkrupp’s steel unit, boosting shares in the conglomerate and setting off a new wave of consolidation...
Lenders’ voting on Jet Airways’s resolution plan extended to Saturday
Jet Airways has extended the deadline for voting on resolution plans to Saturday, according to the airline’s resolution professional Ashish Chhawchcharia. Only half the lenders have submitted their votes and the...
ReNew Power eyes offshore bond market to raise $320 mn to refinance local debt
Renewable energy major ReNew Power Pvt. Ltd is planning to tap the offshore bond market to raise as much as $320 million to refinance local debt, the first such offshore bond issuance by an Indian renewable energy...
Prestige to sell rental assets to Blackstone for $1.6 bn
Real estate developer Prestige Group on Friday signed an agreement with Blackstone Group Lp to sell rental income assets for around $1.6 billion ( ₹11,800 crore), said a person familiar with the development. The deal...
Future of Biyani-Reliance deal under Amazon cloud
Amazon.com Inc.’s legal challenge to void Future Group’s ₹24,700 crore asset sale to Reliance Industries Ltd hinges on a clause in the e-commerce giant’s 2019 investment agreement in Future Coupons Ltd that explicitly...
Equitas Small Finance Bank aims to raise ₹517.6 crore via stake sale
Equitas Small Finance Bank Limited has fixed a price band of ₹32-33 per equity share for its initial public offering (IPO). The three-day share sale which will open for subscription during 20-22 October aims to...
Lakshmi Vilas Bank gets approval from its board to raise up to ₹500 cr
Private sector lender Lakshmi Vilas Bank on Thursday said its board has approved raising up to ₹500 crore through a rights issue. “The board at its meeting held today 15 October 2020 have considered and approved, inter...
AR Platform Avataar.me raises $7 million from Sequoia Capital India
Augmented Reality (AR) platform, Avataar.me that helps large enterprise customers create immersive shopping experiences, has raised $7 million as a part of its Series A funding round from Sequoia Capital India, it said...
Tatas in talks to buy stake in IndiaMart: Report
Tata Group, India’s conglomerate that sells almost everything from cars to apparel and steel, is seeking to buy Indian online retailers to beef up its presence in e-commerce, people familiar with the matter said. The...
What made Kishore Biyani sell his retail business
Future Group founder Kishore Biyani on Wednesday said the homegrown retail major lost nearly ₹7,000 crore revenue in first three-four months of the COVID-19 pandemic due to closing of stores, which led him to sell his...
Wipro to acquire Eximius Design for nearly ₹586.3 crore
IT services major Wipro on Tuesday said it will acquire engineering services company Eximius Design for $80 million (about ₹586.3 crore). In a regulatory filing, Wipro said the purchase consideration is $80 million...
