State-owned NLC India Limited said on Sunday it is planning to invest more than ₹17,000 crore for its thermal power projects and has embarked upon afforestation programme inside and outside the coal mining area in...
China’s BAIC raising Daimler stake to unseat Geely as top shareholder
Daimler’s main China joint venture partner BAIC Group has set in motion a plan to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage rival Geely, two sources...
CCI approves stake buy in SBI General Insurance by Napean Opportunities, Honey Wheat
The Competition Commission of India (CCI) on Friday approved the acquisition of stake in SBI General Insurance Company Ltd by Napean Opportunities LLP and Honey Wheat Investment Ltd, according to a CCI press release...
Logistics firm Rivigo to raise $20 million from SAIF, Spring Canter
Logistics unicorn Rivigo is raising a Series F round of ₹141.97 crore ($20 million) from existing investors SAIF Partners India VI Ltd and Spring Canter Investment Ltd, according to a regulatory filing, accessed by...
AU Small Finance Bank raises ₹525 cr from Temasek arm Camas Investments
Singapore’s state investment arm Temasek, on Friday, said it has completed the acquisition of 4.8% stake in AU Small Finance Bank Ltd by infusing the balance ₹525 crore of its ₹1,000 crore investment plan in the...
Govt rules out stake sale or disinvestment of BSNL, MTNL
The government on Thursday ruled out any plans to sell stake or disinvestment of ailing telecom PSUs — Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) in the Parliament while...
Future Retail looks to raise up to $400 million
Kishore Biyani-led Future Retail Ltd, which runs the Big Bazaar chain of stores, is looking to raise up to $400 million by selling dollar bonds, three people aware of the development said. The money will be used to buy...
Cholamandalam to raise ₹1,000 crore via QIP
Chennai-based non-banking financial company (NBFC) Cholamandalam Investment and Finance Co. Ltd on Thursday said its board has approved the issuance of equity shares worth ₹1,000 crore through qualified institutional...
Goldman Sachs, Verlinvest invest in Purplle
American investment bank Goldman Sachs and Belgian private investment firm Verlinvest have led a $40 million funding round in online makeup and beauty products retailer Purplle, said three people directly aware of the...
KredX raises $26 mn in round led by Tiger
Tiger Global Management Corp. has led a $26-million round in invoice discounting platform KredX, the investment firm said on Wednesday. The New York-based company is one of the most active investors in Indian startups...
Flipkart, Walmart invest in supply chain startup Ninjacart
To strengthen their direct sourcing of fresh produce, Walmart and Flipkart today announced a joint strategic investment in supply chain start-up Ninjacart. Partnering with Ninjacart will help Walmart and Flipkart...
Bharti Airtel seeks shareholders’ nod to raise funds for paying AGR dues
Bharti Airtel on Tuesday said it will seek approval of its shareholders to raise $4 billion (approximately ₹28,300 crore) via a combination of equity and debt. The approval would be sought at the company’s extraordinary...
