The Saudi Arabian Oil Co. (Saudi Aramco), the world’s largest crude oil producer, said it’s still working on a deal to buy a $15 billion stake in Reliance Industries Ltd’s (RIL) oil-to-chemicals...
Homegrown Chingari raises $1.3 million seed funding
Indian social media platform, Chingari, which rose to fame following the government’s ban on 59 Chinese apps, including TikTok, has received seed funding of $1.3 million from AngelList, LogX Ventures, iSeed, Village...
Murugappa Group led Tube Investments to acquire 56% stake in CG Power for ₹700 crore
Murugappa Group led Tube Investments of India Limited has agreed to invest ₹700 crore in fraud-hit CG Power and Industrial Solutions Limited for 56% stake, according to a regulatory filing. In a statement to BSE, CG...
Gates, Gavi in tie-up with Serum Institute
The Bill and Melinda Gates Foundation, along with Gavi-The Vaccine Alliance, will provide at-risk funding of $150 million to Serum Institute of India to support the production of two promising vaccines by University of...
Beauty brand MyGlamm acquires POPxo
Beauty products retailer MyGlamm has acquired women-centric digital platform POPxo, to expand into the online content space. Post-acquisition, POPxo’s existing investors—Chiratae Ventures, Kalaari Capital, and...
Jaypee Case: SC orders transfer of pending appeals in NCLAT to itself
The Supreme court on Thursday ordered for the transfer of all the appeals related to debt-ridden Jaypee Infratech pending before National Company Law Appellate Tribunal (NCLAT) to itself. The order passed by apex court...
Adani-Total JV to seek fuel retailing licence
The Adani Gas and French energy major Total SA will soon seek government nod to open retail fuel stations in India, said the former’s chief executive officer, Suresh Manglani, on Wednesday. “Definitely we...
BYJU’s acquires code training app WhiteHat Jr for $300 million
Online education platform Byju’s has acquired Mumbai-based education technology (edtech) start-up WhiteHat Jr in an all-cash deal worth $300 million. The acquisition marks Byju’s entry into the fast-growing computer...
Edtech startup Springboard raises $31 million from Telstra Ventures
Online education startup Springboard, which offers courses, employability tools and career services for professionals, has raised $31 million in Series B funding, led by new investor Telstra Ventures. Vulcan Capital and...
KKR raises record $16 billion with Asia Funds driving demand
KKR & Co attracted a record amount of cash in the second quarter as investors looked to capitalize on the turmoil unleashed by the Covid-19 pandemic. The New York-based alternative asset manager raised $16.4...
Naukri.com parent Info Edge launches $250-mn share sale
Info Edge (India) Ltd, the parent of popular jobs portal Naukri.com, on Tuesday evening said that its board had approved the launch of an institutional share sale to raise up to $250 million ( ₹1,875 crore), the company...
Google’s $2.1 billion Fitbit deal hits roadblock as EU opens probe
Alphabet unit Google’s bid to take on Apple and Samsung in the wearable technology market by buying Fitbit hit a hurdle on Tuesday as EU antitrust regulators launched an investigation into the $2.1 billion deal...
