AT&T Inc has partnered with Alphabet Inc’s Google Cloud to use 5G edge computing technologies to help clients improve speed and increase security by running applications closer to end users. The process of allowing...
Lodha Developers raises $200 million via bond issue to refinance existing debt
Lodha Developers International Ltd, a subsidiary of Mumbai-based real estate firm Macrotech Developers Ltd said it has raised $200 million ( ₹1475 crore) through issue of bonds to refinance its existing debt. “We...
Jet-setting bankers grounded with epidemic fears hobbling M&A deals
Dealmaking across the world is being hampered by the spread of the coronavirus, grounding jet-setting investment bankers and threatening a decade-long boom in mergers and acquisitions. One adviser who usually flies...
NCLT allows govt to reopen, recast CG Power’s accounts
The National Company Law Tribunal (NCLT) on Thursday allowed the ministry of corporate affairs (MCA) to reopen and recast the financial accounts of CG Power and Industrial Solutions Ltd. The tribunal said the...
HP rejects Xerox’s raised takeover offer
HP Inc on Thursday rejected Xerox Holdings Corp’s raised bid of about $35 billion, saying that the offer still undervalued the personal computer maker. The U.S. printer maker had increased its offer last month by...
Lenders approve resolution plan for RCom
The committee of creditors to Reliance Communications Ltd on Wednesday approved the resolution plans submitted by Reliance Jio Infocomm Ltd and UV Asset Reconstruction Company (UVARC) for the now-defunct telecom...
Allcargo gets Sebi nod to launch open offer for stakebuy in Gati
Allcargo Logistics on Wednesday said it has received markets regulator Sebi’s approval to launch an open offer to acquire an additional 26 per cent equity stake in logistics firm Gati. On completion of the open...
Agri services firm Arya raises $6 mln from Omnivore, LGT Lightstone Aspada
Arya Collateral Warehousing Services Pvt Ltd has raised $6 million in a pre-Series B funding round from venture capital firm Omnivore and existing investor LGT Lightstone Aspada. The Noida-based company provides post...
PEs may be new promoters as buyout deals set to define the decade
Private equity firms (PE) are likely to emerge as a new breed of promoters of Indian businesses in the next decade as they gravitate to buyout deals, experts at the Mint India Investment Summit 2020 said. “Every decade...
NMC’s Shetty looks to sell pharma business
NMC Health Plc founder Bavaguthu Raghuram Shetty is considering selling his Abu Dhabi-based pharmaceuticals business, Neopharma, after drawing interest from potential investors, according to people with knowledge of the...
Xerox starts tender offer in hostile takeover bid for HP
Xerox Holdings Corp. has started a tender offer for all outstanding shares of HP Inc., escalating a battle for control of the personal computer giant that Xerox executives began considering almost 10 months ago. Xerox...
Trell raises $4 mn from Sequoia Surge, Fosun RZ Capital
Lifestyle-community-commerce platform, Trell has raised $4 million in a pre-Series A round led by Sequoia Capital India’s Surge, Beijing-headquartered fund Fozun RZ Capital and KTB Network. Existing investors Beenext...
