India is looking to privatise more than half of its state-owned banks to reduce the number of government-owned lenders to just five as part of an overhaul of the banking industry, government and banking sources said...
NCLAT order revives debate on settlement
A recent order of the National Company Law Appellate Tribunal (NCLAT) has rekindled the debate over the best option for banks and other creditors to recover their dues—a resolution monitored by the court, or an out-of...
Carlyle sees India M&A accelerating on pharma, technology deals
Dealmakers in India will be busier than ever as global investors are going to follow Facebook Inc. and Google in deploying capital into the country, according to Carlyle Group. The South Asian nation has become...
Tata Sons may raise up to $1 billion
Tata Sons Ltd is considering a $1 billion fund-raise to finance a fresh equity infusion into group companies, including Tata Motors Ltd and Tata Power Ltd, two people aware of the development said. The board of the Tata...
Bank of Baroda raises ₹764 crore by issuing Basel III compliant bond
Bank of Baroda on Friday said it has raised ₹764 crore by issuing Basel III compliant bonds on private placement basis. The bank has issued and allotted unsecured rated listed subordinated non-convertible fully paid-up...
SoftBank quietly sells another $2.2 Billion of its Alibaba stake
SoftBank Group Corp quietly sold an additional $2.2 billion of its stake in Alibaba Group Holding Ltd as part of the Japanese conglomerate’s fund-raising effort to pay down debt and buy back its own shares. The deal...
NCLT sets aside insolvency proceedings against V2 Retail
The National Company Law Tribunal has closed insolvency proceedings against V2 Retail after operational creditor settled payment-related dispute with the company. A two-member bench of the NCLT allowed the application...
Mobile game developer Nazara buys 51% stake in Paper Boat Apps
Mobile game developer Nazara Technologies on Thursday said it has acquired a 51% stake in Paper Boat Apps, which offers ‘Kiddopia’ learning app for pre-schoolers. Under the transaction, Nazara has invested a...
Vedantu raises $100 mn from Coatue, valuation doubles to $600 mn
Vedantu has raised $100 million, as part of its Series D round, which has doubled its valuation to $600 million, making it the second-most valued edtech startup in India, after Byju’s. Vedantu’s fund-raise was led by...
ReNew Power to invest ₹2,000 crore set up India solar cell manufacturing unit
ReNew Power plans to start manufacturing solar cells and modules in India, the company said on Thursday. The renewable energy firm will invest ₹1,500-2,000 crore to set up a facility which will initially have a 2GW...
NTPC, NIIF sign pact to invest in renewable energy
India’s largest power generation company NTPC Ltd on Thursday said it has entered a pact with the National Investment and Infrastructure Fund (NIIF) to explore business opportunities in areas like renewable energy...
Kotak Special Situations Fund invests ₹500 crore in Nirma unit
Kotak Special Situations Fund, managed by Kotak Investment Advisors Ltd, on Thursday said it has made an investment of ₹500 crore in Nirma Group unit Nuvoco Ltd, to help finance the latter’s acquisition of Emami...
