Amazon.com Inc is in preliminary talks to invest in U.S. cloud services provider Rackspace Technology Inc, people familiar with the discussion said on Monday. The deal would involve Amazon acquiring a minority stake in...
L&T Finance sells its remaining CG Power stake for ₹73 crore
L&T Finance Ltd on Monday divested its remaining 8.4% stake in CG Power & Industrial Solutions Ltd for ₹73 crore, through open market transactions. The bulk deal data available with the stock exchanges, L&T...
Short-video app Mitron raises $5 million in Series A funding
Just a month after raising ₹2 crore in a seed round, homegrown short-form video app Mitron has raised another $ 5 million as a part of its Series A financing led by Nexus Venture Partners. Existing investors 3one4...
Trell raises $11.4 million series A
Indian community-commerce platform Trell announced a $11.4 million Series A round led by KTB Network. Samsung Ventures, Ankur Nagpal, CEO of Teachable, Gokul Rajaram (board member, Pinterest, Square, DoorDash) and...
Gaming giant Nvidia may acquire mobile chip giant ARM soon
Chipmaker Nvidia is reportedly very close to buying Advanced RISC Machines (ARM), the company that designs chips for almost every smartphone today. The company had been battling competition like Qualcomm and Samsung for...
Trump orders ByteDance to divest interest in US TikTok unit within 90 days
President Donald Trump on Friday gave the Chinese company ByteDance 90 days to divest itself of any assets used to support the popular TikTok app in the United States. Trump’s executive order said there is “credible...
KKR, L&T Finance sell part of their stakes in CG Power
Private equity giant KKR and L&T Finance Ltd on Friday pared their stakes in CG Power and Industrial Solutions for a total of over ₹63 crore through open-market transactions. As per the bulk deal data available on...
VECV acquires Volvo India’s bus business for ₹100 crore
Volvo Eicher Commercial Vehicles Ltd (VECV), a subsidiary of Eicher Motors Ltd, acquired Volvo Bus India, a division of Volvo Group India Pvt. Ltd, for ₹100.5 crore, the two companies announced on Thursday. The company...
Eduvanz raises $5 million in Series A funding led by Sequoia India
Digital non-banking company Eduvanz has raised $5 million as part of its Series A round led by Sequoia India, along with existing investor Unitus Capital. According to the four-year-old company, the funds will be...
RIL-Aramco mega deal faces valuation hurdles
Differences over the valuation of the refining and petrochemicals business of Reliance Industries Ltd (RIL) is likely to prolong a potential mega deal between India’s largest private sector company and the world’s top...
Banks eye better CG Power offer
Lenders to CG Power and Industrial Solutions Ltd on Wednesday asked interested entities to better an offer made by Tube Investments of India Ltd for a majority stake in the stressed power equipment maker, in an attempt...
PE firm Westbridge Capital buys IndiGo shares worth ₹559 cr
Private equity firm Westbridge Capital on Wednesday bought a 1.41% stake in InterGlobe Aviation Ltd, which runs India’s biggest airline IndiGo, for ₹559 crore through an open market transaction. As per the block...
