Tata Power has decided to merge its wholly owned subsidiary Coastal Gujarat Power Ltd, which operates the ultra mega power plant at Mundra, into the parent company to provide financial relief as it continues to face...
NCLAT dismisses plea to initiate insolvency proceedings against Tata Chemicals
The National Company Law Appellate Tribunal (NCLAT) has set aside a plea challenging an NCLT order that rejected the petition to initiate insolvency proceedings against Tata Chemicals for claimed operational debt of ₹68...
Bira in talks with foreign investors for up to 20% stake sale
India’s B9 Beverages, maker of popular craft beer Bira, is in talks with international brewers and investors to sell a stake of up to 20% in the company, its chief executive officer (CEO) told Reuters on Tuesday. “We’ve...
ADIA, HDFC MF buy Inox Leisure shares in bulk deal
Inox Benefit Trust on Tuesday sold 4.32% stake in multiplex chain operator INOX Leisure for Rs101 crore, through open market transactions. The block deal data available with BSE showed that Inox Benefit Trust sold 43.50...
Transit-focused payments startup CityCash raises $1 million in seed funding
Public-transit focussed payments firm CityCash has raised $1 million as a part of its seed round from early stage venture capital firm Orios Venture Partners. According to the company, this infusion of new funds will be...
Equinix buys GPX India for $161 mn
Global interconnection and data centre company Equinix Inc. on Tuesday announced the acquisition of GPX Global Systems Inc.’s Indian arm, which has two data centres in Mumbai, in an all-cash deal valued at $161 million...
Sony, Viacom18 merger to help SonyLIV, VOOT increase revenue by 30%
Sony Pictures Networks and Viacom18 Media Pvt Ltd’s imminent merger is likely to help their respective video streaming platforms, SonyLIV and VOOT, come together to form an entity that will have 20-30% higher...
AmEx in advanced talks to buy SoftBank-backed Kabbage
American Express Co. is in advanced talks to buy the online small-business lender Kabbage Inc., which is backed by investors including Japan’s SoftBank Group Corp. and Reverence Capital Partners, according to a person...
Goldman Sachs Singapore PTE sells TVS Motor shares worth ₹148 cr
Goldman Sachs Singapore PTE on Monday sold 0.75% stake in TVS Motor Company for ₹148 crore, through open market transactions. The bulk deal data available with the BSE showed that Goldman Sachs Singapore PTE sold 3.55...
IndiGo to raise up to ₹4,000 crore via share sale
India’s largest airline IndiGo parent Interglobe Aviation Ltd on Monday said it will raise up to ₹4,000 crore ($533.70 million) through the sale of shares to institutional investors, as it looks to manage cash...
Burman family open to hike Eveready stake, no takeover plans: Mohit Burman
Burman family, the single largest shareholder of Eveready Industries, has no plans for taking over the company but is open to acquiring additional stake, Mohit Burman has said, amid promoters’ shareholding falling...
Sebi vets ABB Power offer price, valuation
ABB Power Products and Systems India Ltd’s plan to buyback shares worth ₹917 crore through an open offer has attracted the scrutiny of the markets regulator after complaints by a section of minority shareholders, said...
