Vodafone Idea’s board has decided to meet on Friday to consider fundraising options after the Supreme Court directed all telecom operators to pay 10% of the total adjusted gross revenue (AGR)-related dues in 2020-21 and...
Arka Venture Labs invests in Kubernetes management startup Nirmata
Nirmata, the Day 2 Kubernetes company, announced a venture investment from Arka Venture Labs, a fund that provides capital and mentorship to global B2B companies. This new investment will allow Nirmata to accelerate...
Mauritius-based PE firm invests ₹250 crore in Shriji Polymers
Malaysia-based private equity firm Creador, managing assets worth $1.5 billion, has invested ₹250 crore in Indian pharmaceutical packaging firm Shriji Polymers (India) Ltd. Shriji’s product portfolio includes high...
Adani group to acquire controlling interest in Mumbai airport
Adani Airport Holdings Limited (AAHL), the holding company of Adani Group for its airport business and a subsidiary of Adani Enterprises Limited) has entered into an agreement to acquire the debt of GVK Airport...
Buffett’s Berkshire takes stakes in Japanese trading companies
Warren Buffett’s Berkshire Hathaway Inc. took stakes in five Japanese trading companies, expanding its reach abroad. Buffett’s company announced Sunday night that it acquired “slightly more” than 5% of the shares...
RIL’s retail arm to acquire Future Group’s key businesses for ₹24,713 crore
Reliance Retail Ventures Ltd. (RRVL) will acquire Future Group’s retail, wholesale, logistics and warehousing businesses for ₹24,713 crore, the Reliance Industries subsidiary said in a release. The much-awaited deal...
Murugappa Group’s Tube India makes winning bid for CG Power in Swiss challenge
Murugappa group’s Tube Investments of India Ltd has been declared as the successful bidder for acquiring the majority stake in stressed power equipment maker CG Power and Industrial Solutions Ltd, the company said...
Centricus, Triller seek to buy TikTok assets for $20 billion
Centricus Asset Management Ltd. and Triller Inc. are seeking to buy TikTok’s operations in the U.S. and several other countries from ByteDance Ltd. for $20 billion, according to a person familiar with the matter...
Future set to seal the deal with Reliance today
The board of Future Enterprises Ltd (FEL) is set to meet on Saturday to approve the impending sale of Future Group’s retail assets to Reliance Retail, people familiar with the development said, seeking anonymity. The...
Indiabulls Ventures to raise ₹588 crore from Ribbit Capital, others
Indiabulls Ventures Ltd on Friday said that it will raise Rs588 crore (or $80 million) through a preferential share sale to a clutch of investors led by American fintech investor Ribbit Capital. Indiabulls Ventures will...
AirAsia India partners with Avis to offer passengers car rental services
AirAsia India on Friday said it has partnered with Avis India to offer its flyers discounted car rental services. Through this partnership, AirAsia India passengers can use the services of the car rental company in 14...
ICICI Bank sells 6.44 mn ICICI Securities shares in open market transaction
ICICI Bank Ltd on Friday said that it sold 6.44 million shares or 2% stake of ICICI Securities Ltd for ₹310 crore via open market transaction. With this sale, ICICI Bank holds 77.22% stake as of June quarter in ICICI...
