Indian conglomerate Tata Sons is in talks to buy out AirAsia Group Bhd’s stake in their airline joint venture in India at a steep discount, the Business Standard newspaper reported on Thursday, citing banking...
Cars24 Financial Services raises ₹10 crore in first debt funding
Cars24 Financial Services Pvt Ltd, a subsidiary of Cars24 Services Pvt Ltd, has raised its first debt funding of ₹10 crore from Vivriti Capital Pvt Ltd. The capital will be utilised to lend to small dealers and...
Freshworks acquires Flint in third buyout this year
Software-as-a-service (SaaS) unicorn Freshworks Inc. has acquired IT orchestration and cloud management platform Flint to bolster its IT support service portfolio, Freshservice. Through this acquisition, Freshworks aims...
PNB board approves ₹10,000 cr fundraising plan
State-owned Punjab National Bank (PNB) on Thursday said its board has approved a proposal to raise ₹10,000 crore through a mix of both equity and debt. Besides, the board has cleared opening balance sheet of the...
Chennai’s Marg group looks to sell Karaikal Port
Marg Ltd, an infrastructure company based out of Chennai, is looking to sell the Karaikal Port in Puducherry, two people aware of the matter told Mint. The company has appointed Ambit Pvt Ltd to run the sale process and...
Amazon parent invests ₹2,310 cr in Indian unit
Amazon.com, Inc. has invested about ₹2,310 crore into Amazon Seller Services Pvt. Ltd, its marketplace unit in India, according to filings with the corporate affairs ministry accessed by Mint. The fresh fund infusion is...
AirAsia weighs raising $234 million via rights issue
AirAsia Group Bhd. is considering raising about 1 billion ringgit ($234 million) through a rights issue after an external auditor raised concerns about its viability, according to a person with knowledge of the matter...
Deutsche Bank, Google in multi-year partnership for cloud services
Deutsche Bank said on Tuesday it has agreed a strategic, multi-year partnership with Google to give the German lender access to cloud services and drive innovation in technology-based financial products for clients. A...
CPPIB, others in talks to buy SBG Cleantech
Japan’s SoftBank Group Corp. is in separate talks with Canada Pension Plan Investment Board (CPPIB), Mubadala Investment Co. and Brookfield Asset Management Inc. to sell its entire stake in Indian green energy firm SBG...
KKR, Actis in talks to buy solar assets from Azure
Private equity (PE) investors KKR and Actis are in talks to acquire a solar portfolio of 435 megawatts (MW) from Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ)-backed Azure Power Global Ltd, said...
Frontier Markets raises $2.25 million in pre-Series A funding
Jaipur-based rural distribution startup Frontier Markets has raised close to $2.25 million, as a part of its pre-series A financing round, led by ENGIE Rassembleurs d’Energies, French electric utility firm ENGIE’s...
Paytm, Vijay Shekhar Sharma to acquire Raheja QBE General Insurance
Indian payments firm Paytm, owned by One 97 Communications Ltd. along with its founder Vijay Shekhar Sharma, is set to acquire Mumbai-based private sector general insurer Raheja QBE for ₹568 crores to fast track the...
