SaaS and AI-based startup, Vernacular.ai has raised $5.1 million in Series A funding, led by Exfinity Ventures and Kalaari Capital. AngelList, IAN Fund and LetsVenture also participated in the round. The fresh capital...
Tata Motors gets nod to raise ₹1,000 crore via NCDs
Tata Motors on Tuesday said a board constituted committee has approved raising up to ₹1,000 crore via issue of non-convertible debentures on a private placement basis. A meeting of the duly authorised committee held on...
NCLT nods CarVal’s Rs2,300 cr bid for Uttam Value Steel, Uttam Galva Metallics
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the sale of Uttam Value Steel Ltd and Uttam Galva Metallics to a joint consortium of CarVal Investors and Nithia Capital Resources Advisors for...
Edtech platform Classplus raises $9 mn in Series A round led by RTP Global
Business-to-business (B2B) edtech startup Classplus has raised $9 million in a Series A funding round, led by early stage tech investor RTP Global. Existing investors including Blume Ventures, Sequoia Capital India’s...
Logistics startup LoadShare raises ₹100 crore led by BEENEXT, others
Logistics startup LoadShare Networks has raised a Series B funding round of ₹100 crore led by BEENEXT along with participation from CDC Group. Existing investors Matrix Partners India, Stellaris Venture Partners and...
London court dismisses ArcelorMittal appeal against Essar
The Court of Appeal in London has dismissed an application filed by ArcelorMittal seeking permission to appeal against the London High Court’s judgment that refused a worldwide freezing order against the parent...
As bond yields shoot to 60% on Vedanta Resources, MFs look to sell Indian subsidiary
Weakness in outlook for commodity sector and fears due to metals producer Vedanta Resources Ltd’s balance sheet strength seems to have spooked buyers of the company’s corporate bond paper. Yields on Vedanta...
Just Dial announces ₹220 crore share buyback offer
The board of internet company Just Dial today approved a share buyback proposal of up to 31,42,857 equity shares at a maximum price of ₹700 per equity share. This represents 4.84% of the total paid-up equity share...
CCI clears BP’s investment in RIL’s fuel retailing business
The Competition Commission of India (CCI) said on Thursday it has cleared British energy giant BP’s 49% investment in Reliance Industries’ fuel retailing business announced last year. The competition regulator said in a...
RIL to raise ₹53,215 crore via rights issue, profit drops due to covid impact
Reliance Industries Ltd plans to raise ₹53,215 crore by selling shares to existing investors, the biggest such fundraising by a company in India, as the energy conglomerate aims to wipe off its massive debt...
RIL raises stake in US-based SkyTran to 26.3%
Mukesh Ambani-led Reliance Industries Ltd (RIL) has increased its stake in US-based SkyTran Inc, a venture-funded technology company that develops pod car transport systems. In a stock exchange filing, RIL said it has...
Worldwide M&As slip to 18-year low in April
Mergers and acquisitions (M&As) worldwide fell in April to their lowest level since September 2002, according to data from financial markets tracker Refinitiv, as lockdowns hamper deal-making. Deals with a combined...
