The National Company Law Appellate Tribunal (NCLAT) has given UK-based Liberty House group one more chance to offer a resolution plan for bankrupt Adhunik Metaliks and Zion Steel. In an order issued on 7 January, the...
Sequoia Capital leads funding in baby care startup Mamaearth
Online baby care brand Mamaearth has raised ₹130 crore (about $18.14 million) in a round led by Sequoia Capital India, the company said on Wednesday. Existing investors Fireside Ventures, Stellaris Venture Partners and...
Testbook raises INR 60 crore in a Series B funding led by Iron Pillar
Mumbai-based Edtech startup Testbook on Wednesday said it has raised Rs60 crore in a Series B funding round from Iron Pillar, a venture growth investor specializing in mid-stage technology companies in India. The round...
Harappa Education raises funding from James Murdoch-led Lupa Systems
Online learning institution Harappa Education on Wednesday said it has raised an undisclosed amount from James Murdoch-led Lupa Systems in a funding round. The investment will help Harappa accelerate product...
Accenture to buy former Symantec Services unit from Broadcom
Consulting giant Accenture Plc has agreed to buy a cybersecurity services business from Broadcom Inc. that had been part of Symantec’s enterprise division. Accenture is buying the unit, which has 300 employees, for an...
Kotak halts bid for Altico Capital
The race to find a rescuer for a struggling Indian shadow bank at the center of an industry crisis has narrowed. Altico Capital India Ltd. is one of the latest caught up in the nation’s shadow banking crisis that...
Religare Finvest’s lenders might just have agreed to take a 49% haircut
Creditors to a struggling Indian shadow financier, once controlled by former billionaires Shivinder Singh and Malvinder Singh, are finalizing a rare debt recast in the sector by writing off almost half of the company’s...
Thomas Cook India inks pact with Experience Hub
Travel services firm Thomas Cook India on Tuesday said it has entered into a long-term pact with Experience Hub, the trade and promotion arm of Yas Island Abu Dhabi, to drive visits to the destination. The agreement...
SC to hear Tata plea against reinstating Mistry on Friday
The Supreme Court will hear on 10 January the petition by Tata Sons Private Ltd (TSPL) challenging the NCLAT decision restoring Cyrus Mistry as executive chairman of the Tata group. The apex court website on Tuesday...
Warburg Pincus, others lead funding round in Fusion MFI
Fusion Microfinance Pvt. Ltd, a microfinance institution (MFI) based in New Delhi, on Tuesday said it has secured ₹500 crore from existing investors Warburg Pincus and Chicago-based impact investor Creation Investments...
Amazon joins hands with Future Group to take on RIL’s Jiomart
E-commerce major Amazon has partnered with India’s leading retailer, Future Retail Ltd (FRL), as they seek to expand their reach by leveraging each other’s networks. While the partnership will allow the Kishore Biyani...
Slayback Pharma raises fresh funds from PE firm Everstone Group
Everstone Group, a private equity and real estate investment firm that focuses on India and South-East Asia, on Monday said it has invested $50 million in the Series B funding of New Jersey-based Slayback Pharma Llc...
