Telecom major Bharti Airtel on Wednesday announced that it has picked up a strategic stake in tech startup Waybeo as part of its strategy to scale up its cloud offerings. Waybeo, a Trivandrum headquartered startup...
Onsitego raises capital from IFC, extends Series B round to $30 million
Onsitego, a Mumbai-based after-sales services startup, has raised capital from IFC in an extension to its Series B investment round, closing it at $30 million. The first tranche of $19 million was raised in February...
KKR picks up 1.28% stake in Reliance Retail for ₹5,550 crore
Global investment firm KKR & Co. will invest ₹5,550 crore into Reliance Retail Ventures Limited (RRVL) for a 1.28% equity stake. RRVL is a wholly-owned subsidiary of Reliance Industries Ltd. The investment values...
Mistry family may sell Tata Sons stake, says mutual co-existence not feasible
In a surprise move on Tuesday, the Mistry family-led Shapoorji Pallonji ( SP) group said that it has decided to exit its decades-long partnership with the Tata group, hinting at a potential sale of its 18.4 % stake in...
HC dismisses plea by HCC’s invocation of bank guarantee by NHPC worth ₹214 cr
The Delhi High Court on Tuesday dismissed an appeal filed by Hindustan Construction Co. Limited (HCC) against a single-judge bench order, seeking an injunction restraining National Hydro-Electric Power Corporation...
Drivezy to raise funds but at lower valuation
Vehicle rental platform Drivezy is in talks to raise $30-35 million in equity funding from a UAE-based sovereign wealth fund, a clutch of private investors in the Gulf region, Japan’s Yamaha Motor Company, and energy...
HAAH Automotive reaches out M&M to invest in SsangYong
US-based automobile distributor HAAH Automotive Holdings has reached out to India’s Mahindra & Mahindra Ltd (M&M) with an offer to invest USD 258 million in the latter’s Korean subsidiary SsangYong Motor...
IOCL to invest ₹17,000 crore in Gujarat refinery for petchem, lube integration
Country’s largest oil marketing company Indian Oil Corporation will invest Rs. 17,825 crore to implement Petrochemical and Lube Integration at its Gujarat Refinery. IOC, the country’s second largest player...
Mobile Premier League raises $90 million series C investment
City-based online gaming startup Mobile Premier League (MPL) has raised a series C funding of $90 million from SIG, RTP Global, and MDI Ventures. This takes overall investments into MPL to $130.5 million. Existing...
Oracle plans 12.5% stake in TikTok global; becomes cloud partner
Oracle Corp. said it will take a 12.5% stake in TikTok Global and become the cloud computing provider to the newly formed company, culminating weeks of negotiations over a popular video-sharing app that became the focus...
CCI approves Alstom’s acquisition, sole control over Bombardier Transportation in India
The Competition Commission of India (CCI) approves acquisition of sole control over Bombardier Transportation’s (Bombardier Transport) by Alstom S.A. (Alstom), and acquisition of approximately 18% and 3% share capital...
Wipro keen to partner startups to drive innovation: Rishad Premji
Information technology (IT) firm Wipro Ltd is keen to partner startups in India to drive innovation and digital transformation for its clients, chairman Rishad Premji said on Friday. “What startups can do for India...
