Private sector lender Axis Bank Ltd on Tuesday launched a qualified institutional placement (QIP) offering to raise as much as ₹10,000 crore. The bank, in a stock exchange filing, said that its board had approved the...
Kodak TV to invest ₹500 cr to set up plant in Hapur
Kodak TV India on Tuesday said it will invest over ₹500 crore in the next three years to set up a fully-automated television manufacturing plant in Hapur, Uttar Pradesh. Super Plastronics Pvt Ltd (SPPL), the brand...
inFeedo raises funding from Y Combinator, others
Software-as-a-service (SaaS)-based people analytics inFeedo has raised $700,000 in funding from early stage startup accelerator Y Combinator along with other Indian founders and chief executives, who participated in the...
Adani group shows interest to acquire debt-laden HDIL
Adani Properties, Suraksha Asset Reconstruction and Sunteck Realty are among six players which have shown initial interest to acquire HDIL through the insolvency resolution process, according to a regulatory filing...
Biyani’s personal debt delays completion of Future Group’s asset sale to RIL
A loan of around ₹2,000 crore taken by Future Group founder Kishore Biyani in his personal capacity is acting as a hurdle for a proposed transaction to sell the group’s retail and lifestyle business to Reliance...
Microsoft talks to buy TikTok’s US operations spurs ire in China
A potential shotgun wedding to Microsoft Corp for TikTok’s U.S. operations provoked an outcry on Chinese social media as well as criticism from a prominent Chinese investor in TikTok owner ByteDance. The U.S. tech...
Cognizant bets on acquisitions to grow its digital business
Cognizant Technology Solutions Corp is betting on mergers and acquisitions (M&As) to build its digital business, which the company believes is still in a nascent stage. “I believe we are in the early stages of...
Stake sale lifts SBI net, loan growth to decline
State Bank of India (SBI) on Friday reported an 81% increase in quarterly profit on higher interest income and a stake sale in its insurance unit but warned that loan growth will moderate because of the pandemic. Net...
Apple buys startup to turn iPhones into payment terminals
Apple Inc. has acquired Mobeewave Inc., a startup with technology that could transform iPhones into mobile payment terminals, according to people familiar with the matter. Mobeewave’s technology lets shoppers tap their...
Microsoft is in talks to buy TikTok in US
Microsoft Corp. is exploring an acquisition of TikTok’s operations in the U.S., according to a people familiar with the matter. A deal would give the software company a popular social-media service and relieve U.S...
Resolution plan of real estate firm Unitech can be shared: Supreme Court
The Supreme Court on Friday said the resolution plan of the newly-constituted board for Unitech Ltd can be shared on its portal to solicit suggestions from the parties to help resurrection of the embattled real estate...
Tata Capital to pick minority stake in Biocon Biologics for $30 million
Private equity (PE) player Tata Capital is set to pick up a minority 0.85 per cent stake for $30 million in the biologics arm of biopharmaceutical major Biocon, the Bengaluru-based company said on Friday. This new round...
