IDBI Bank on Saturday said it will sell part of its stake in IDBI Federal Life Insurance to Belgian multinational insurance company Ageas Insurance and Federal Bank. Ageas will acquire 23% stake, while Federal Bank will...
Amazon agrees to buy self-driving technology startup Zoox
Amazon.com Inc has agreed to buy California-based self-driving startup Zoox Inc in a deal reported to be worth more than $1 billion that gives it options to use autonomous technology in either ride-hailing or its...
Markets regulator amends takeover code
The Securities and Exchange Board of India (Sebi) on Thursday relaxed rules on pricing shares in preferential allotments, in a relief for companies struggling to raise funds amid the coronavirus upheaval. Separately...
India Inc likely to focus on home market for M&As
India Inc. is expected to focus on the home market and avoid venturing overseas for mergers and acquisition (M&A) opportunities, with the covid-19 pandemic disrupting economic activity and growth prospects. So far...
Aye Finance raises ₹210 crore in Series E round led by CapitalG
Fintech lender Aye Finance on Wednesday said announced a ₹210 crore in Series E funding, led by CapitalG, Alphabet’s independent growth fund. The round also saw participation from Aye’s existing investors LGT...
HDFC plans acquisitions with new funds: Keki Mistry
Housing Development Finance Corp. is raising $1.8 billion of new capital to help it make acquisitions in areas ranging from lending to insurance, according to Keki Mistry, vice chairman and chief executive officer of...
91springboard raises ₹45 crore in fresh funding
91springboard, a co-working startup, on Tuesday raised ₹45 crore from its existing investors Pearl Brook Holdings Ltd and Al Nour International Holdings Co. The funding, as it comes amid the covid-19 pandemic, is a shot...
Blackstone to part-sell Embassy REIT stake
Blackstone, the world’s largest alternative assets manager, aims to sell Embassy Office Parks REIT units worth $257 million through a block trade, said two people requesting anonymity. “The trade is happening in a price...
Reliance working to complete Saudi Aramco deal: Mukesh Ambani
Having already raised ₹1.15 lakh crore from global tech investors, including Facebook to make the company net debt-free, Reliance Industries chairman Mukesh Ambani said they are now working to complete contours of a $15...
SMC Power acquires Concast’s unit via IBC
Noida-based SMCPower Generation Ltd has acquired the main steel mill and power plant of Concast Steel and Power Ltd under the liquidation process with an upfront payment of ₹300 crore to lenders, said three people...
Taiwan’s Foxconn eyes further India investment, sees bright outlook
Taiwan’s Foxconn is planning further investment in India and may announce details in the next few months as the world’s largest contract manufacturer views the outlook there very favourably, its chairman...
AirAsia may eventually exit India JV: Report
India and Japan are peripheral markets for Malaysian no-frills airline, Air Asia Berhad, which could at some point exit its Indian venture with the Tata Group, the carrier acknowledged, according to a recent report by...
