Piramal Enterprises said on Wednesday that it will raise up to ₹2,750 crore by issuing bonds on private placement basis. “A meeting of the administrative committee of the board of directors will be held on...
Lodha in race against time to raise funds to meet debt obligations
Lodha Group, one of India’s largest property developers, is in a race against time to raise close to $225 million (around ₹1,600 crore) by selling bonds to meet its debt repayment obligations due next year. The group...
Blackstone ties up with Hiranandani to enter warehousing business
Global private equity firm Blackstone Group Inc has formed a joint venture with Greenbase, a Hiranandani group firm, to develop warehousing and logistics parks across the country. This marks the entry of Blackstone, a...
Average deal sizes go up on higher inbound M&A transactions
Average deal sizes have risen thanks to increased inbound transactions as foreign investors are offering more cash to buy stakes in domestic companies, an analysis of merger and acquisition (M&A) data by Kotak...
Govt approves restructuring of Railway Board, unification of services
The 114-year-old Railway Board’s strength will be cut from eight to five, while the eight railway-related wings will be merged into a single central service called the Indian Railway Management Service (IRMS) within a...
Bain Capital in talks to buy ice cream maker Dinshaw’s
US-based private equity fund Bain Capital is engaged in talks to buy out ice cream company Dinshaw’s Dairy Foods Pvt. Ltd in a deal that may value the Nagpur-based firm at about ₹800-900 crore, said two people aware of...
Prestige top contender for debt-ridden Ariisto
Real estate firm Prestige Group has emerged as the top contender to take over debt-ridden Ariisto Developers, which is currently under insolvency proceedings, with both lenders and homebuyers approving the resolution...
Rescuers seek binding bids for Altico Capital by mid-January as crisis deepens
Lenders to an Indian shadow bank at the centre of an industry crisis since it started defaulting three months ago have called for binding bids from potential rescuers by mid-January, people familiar with the matter said...
Behind Samsung’s $116 billion bid for chip supremacy
Technology giants are increasingly designing their own semiconductors to optimize everything from artificial intelligence tasks to server performance and mobile battery life. Google has the Tensor Processing Unit, Apple...
Mankind Pharma inks pact with Glenmark for anti-diabetes drug
Mankind Pharmaceuticals Ltd and Glenmark Pharmaceuticals Ltd today inked a sub-licensing agreement to co-market anti-diabetes drug remogliflozin etabonate in India. Under the agreement, Mankind Pharma will market...
IIT Madras-incubated YNOS Venture Engine raises ₹75 lakh in seed funding
YNOS Venture Engine, a startup incubated at the Indian Institute of Technology-Madras Incubation Cell, co-founded by Thillai Rajan, Professor at IIT Madras, has raised ₹75 lakh in a seed funding round from angel...
Hinduja group still keen on buying Jet if protected from its legal liabilities
The Hinduja group is still open to acquiring defunct Jet Airways (India) Ltd if the conglomerate is indemnified from the airline’s legal liabilities. “The reason we took interest was because government authorities...
