Alstom SA has reached a preliminary deal to buy Bombardier Inc’s train business for more than $7 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Quebec pension giant...
Creditors to Videocon Group likely to appeal against insolvency tribunal’s order
Lenders to Videocon Group may appeal the National Company Law Tribunal (NCLT) order passed on 12 February which said that the company’s foreign assets should be included as part of ongoing insolvency proceedings in...
Godrej Properties to buy railway land in Delhi for ₹1,359 crore
Godrej Properties Ltd on Monday said it will acquire 26.58 acres of prime property in the national capital for ₹1,359 crores. Terming it one of the largest land transactions in recent past, the Mumbai-based real estate...
Healthtech startup Innovaccer raises $70 million from Tiger Global, Steadview Capital, others
Healthcare technology company Innovaccer Inc. has raised $70 million in a Series C funding round from Steadview Capital, Tiger Global, Dragoneer, Westbridge, Mubadala and M12 (Microsoft’s venture fund). With this round...
Air India sale expected in first half of next fiscal: DIPAM Secretary Tuhin Kanta Pandey
The government expects to complete sale of national carrier Air India in the first half of the next fiscal, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on Friday...
Agritech startup Clover raises $5.5 mn from Omnivore, Accel
Greenhouse agritech startup Clover has raised over $5.5 million in a Series A funding round, from venture capital (VC) firm Omnivore and existing investors Accel and Mayfield. Clover is an agritech platform that works...
GGV Capital invests in Vedantu
Interactive online tutoring platform Vedantu on Thursday said it has raised $24 million as part of a Series C extension round. The funding round was led by global venture capital firm GGV Capital with participation from...
Home rental startup Nestaway buys ApnaComplex
Home rental startup NestAway Technologies Pvt. Ltd Thursday said it has acquired apartment management platform ApnaComplex to expand its property management business. The company did not disclose financial details of...
Nestaway acquires apartment management platform ApnaComplex
Home rental startup NestAway Technologies Pvt. Ltd has acquired apartment management platform ApnaComplex, to help expand its property management business. Nestaway didn’t disclose the financial details of the deal...
Tata Sons to hike stake in Tata Chemicals to 25.26% by acquiring shares
Tata Chemicals on Wednesday said its promoter Tata Sons will increase the stake in the company to 25.26% by acquiring shares aggregating to 1.08% stake from other group firms. At present, Tata Sons holds 24.18% stake in...
JM Financial to raise ₹300 crore in debt
Mid-sized non-banking lender JM Financial will hit the debt market with a ₹100 crore NCD issue on Thursday. This is the third tranche of its planned fully-secured NCD (non-convertible debentures) sale this fiscal year...
Cabinet may approve merger of 3 state-owned general insurers
The Union Cabinet is likely to approve the merger of three state-owned general insurers — Oriental Insurance Company, National Insurance Company and United India Insurance Company –on Wednesday, a government...
