A joint venture between India’s largest property developer DLF Ltd and global real estate firm Hines has secured a construction loan of ₹2,600 crore from HDFC Ltd for an upcoming office project in Gurugram. Last year...
Yatra.com partners with Amazon Business to cater hospitality partners
Online travel firm Yatra.com on Wednesday said it has collaborated with Amazon Business to provide its hospitality partners with a wide range of products catering to their needs. Hospitality partners can leverage the...
L&T FHL looks to raise up to ₹3,000 crore via rights issue
Non-bank lender L&T Finance Holdings Ltd, the financial services arm of engineering giant Larsen & Toubro Ltd, plans to raise funds through a rights issue, said three people aware of the development. “They...
Chingari gets investment from Tinder CPO, OLX founder
Homegrown social app Chingari, a short video sharing platform, has raised an undisclosed amount of funding from Brian Norgard, the Chief Product Officer of Tinder, and leading French entrepreneur Fabrice Grinda, Founder...
After KKR, L&T Finance, now Yes Bank sells CG Power shares worth ₹76 crore
Private sector lender Yes Bank Ltd on Tuesday, offloaded 5.18 crore shares or 8.27% equity stake in CG Power & Industrial Solutions Ltd for ₹76 crore, via open market transactions, joining other institutional...
Goldman, Everstone invest in digital engineering services firm Infostretch
Goldman Sachs Merchant Banking Division and private equity firm Everstone Group have signed a definitive agreement to acquire a significant stake in digital engineering services company Infostretch, the company said in...
Mahindra Finance raises ₹3,089 cr through rights issue
Mahindra & Mahindra Financial Services (Mahindra Finance) has raised ₹3,089 crore by issuing equity shares to existing investors. The board of directors of the company had earlier on June 1, 2020 approved issuance...
IDBI Bank gets shareholders’ nod to raise ₹11,000 cr
IDBI Bank on Tuesday said it has received shareholders’ approval to raise up to ₹11,000 crore by issuing shares through various modes. The decision was taken at the bank’s annual general meeting that took...
Lightspeed India raises $275 mn
Venture capital firm Lightspeed India Partners Advisors LLP has raised a $275-million fund, its third, as it continues to focus on early- and growth-stage opportunities in startups across the consumer Internet and...
Oracle in talks to buy TikTok’s US business: Report
Oracle Corp. has held preliminary talks with ByteDance Ltd. on a potential bid for part of TikTok’s business, seeking to rival Microsoft Corp. in the race to acquire the viral video streaming app, the Financial Times...
India Life Sciences Fund invests ₹100 cr in Inventia Healthcare
Adding to the spree of private equity investments in the Indian pharmaceutical sector, India Life Sciences Fund III has invested ₹100 crore in Inventia Healthcare Ltd. Inventia, with its R&D centre and manufacturing...
SoftBank builds $1.2 billion Amazon stake; invests in Netflix, Tesla
SoftBank Group Corp has built a stake worth around $1.2 billion in e-commerce firm Amazon, regulatory filings showed on Monday, as the tech conglomerate expands its investing activities beyond its recent focus on...
