GMR Infrastructure on Wednesday said it has received ₹5,248 crore from Groupe ADP as part of a deal wherein the French major is buying 49 per cent stake in the domestic group’s airport business. On February 21, it...
HP eyes $16 billion share buyback to parry Xerox bid
HP Inc. announced it will return $16 billion to shareholders in the form of buybacks, and boost cost cuts, trying to rally investors against Xerox Holdings Corp. for control of the world’s second-largest personal...
Binny Bansal, GGV Capital lead $60 mn funding in Rupeek
Rupeek Fintech Pvt. Ltd, which operates an online marketplace for gold loans, has raised $60 million across two rounds, the company said on Tuesday. The new investors include Flipkart co-founder Binny Bansal and GGV...
Delay in merger of Indus, Infratel puts to test original deal terms
Delays have dangerous ends, said William Shakespeare. The long delay in the merger of Indus Towers Ltd and Bharti Infratel Ltd is resulting in trouble, with a news report in Business Standard suggesting shareholders of...
Grab raises $850 million to expand into finserv sector
Grab, Southeast Asia’s most valuable startup, raised more than $850 million from Japan’s Mitsubishi UFJ Financial Group Inc. and TIS Inc. to bankroll its expansion into financial services in the region. The sum includes...
PepsiCo buys Chinese snack brand Be & Cheery for $705 million
PepsiCo Inc has agreed to buy Chinese snack brand Be & Cheery from local jujube maker Haoxiangni Health Food Co Ltd for $705 million, the companies said. The U.S. multinational food and beverage maker said the...
Axis Bank looks to buy up to 30% stake in Max Life
Axis Bank Ltd is looking to buy more than 20% in Max Life Insurance Co. Ltd, the life insurance unit of Max Financial Services Ltd, three people aware of the development said on condition of anonymity. Max group on...
Central Bank of India plans to exit housing finance subsidiary
State-run Central Bank of India is looking to sell its entire 64.40% stake in its housing finance subsidiary – Cent Bank Home Finance (CBHFL), a top bank official said. The lender has floated a request for proposal...
Axis Bank looks to buy up to 30% stake in Max Life
Axis Bank Ltd is looking to buy more than 20% in Max Life Insurance Co. Ltd, the life insurance unit of Max Financial Services Ltd, three people aware of the development said on condition of anonymity. Max group on...
M&M-backed Porter in talks to raise funds
Logistics startup Porter is in talks to raise $30 million in its ongoing funding round, which values it at about $120 million, said three people aware of the matter, requesting anonymity. The round is expected to be led...
Udemy raises $50 million at a valuation of $2 billion
Udemy, an online marketplace for learning and teaching online, announced on Thursday that it has raised $50 million from the company’s long-time partner in Japan, Benesse Holdings, Inc., at a valuation of $2 billion...
SBI approves Suzlon’s debt revamp proposal
State Bank of India (SBI) has approved a restructuring plan proposed by Suzlon Energy Ltd as the first step towards saving the stressed wind power firm, according to two bankers familiar with the matter. Under the...
