Scooter rental startup Vogo is in talks to raise $40 million in an equity funding round led by Lightstone Aspada, along with Korean investor Mirae Asset Management, three people directly aware of the matter said...
Paytm raises a billion dollars at a valuation of $16 bn, plans expansion
In a mega funding round, Paytm, the country’s top financial technology entity, has raised a billion dollars (Rs 7,200 crore), at a valuation of $16 billion, from existing shareholders Ant Financial, Softbank Vision Fund...
Govt plans to amend IBC to ring-fence buyers of stressed assets from prosecution
The government plans to amend the Insolvency and Bankruptcy Code (IBC) to provide immunity to companies taking over stressed assets from prosecution for financial crimes committed by erstwhile promoters. This will help...
Long turnaround road ahead for Lakshmi Mittal and Essar Steel
In 2006, Lakshmi Niwas Mittal wrapped up his $32 billion acquisition of French steel giant Arcelor – with geopolitical implications that involved the premiers of several countries – in less than 6 months...
Privatisation plan may end complex cross-holding in oil PSUs
The government may end the cross-holding structure existing in the oil sector as it looks to further consolidate operations of public sector enterprises and go ahead with its privatisation plan by getting a fair...
Wipro bets big on acquisitions to bolster its digital business
Bengaluru-based software services firm Wipro Ltd is strengthening its digital business inorganically through strategic acquisitions of digital-native companies. Digital is a crucial part of Wipro’s business...
LVMH, Tiffany enter talks after raised offer
LVMH and Tiffany & Co. entered talks after the French owner of Louis Vuitton boosted its offer for the U.S. jeweler in an effort to clinch the biggest acquisition ever in the luxury-goods industry, according to...
PayPal to acquire online coupon site Honey Science for $4 billion
PayPal Holdings Inc. will acquire Honey Science Corp. for about $4 billion, its largest-ever acquisition, adding a startup that amasses valuable data on consumer buying habits and doles out coupons for online bargains...
Mahindra in final lap to sell solar portfolio
Mahindra Susten, the renewable business arm of Mahindra group, has got binding offers from CLP India and the Piramal Group for its 160 megawatts (MW) solar assets, said two people aware of the development, requesting...
Flipspaces raises debt funding of $1.15 million
Flipspaces, technology-based interior design and build startup, on Thursday said it has raised $1.15 million ( ₹8 crore) in a venture debt funding round from Unitus Capital Inclusive Credit (UCIC) and Alex Group...
Govt to sell BPCL in mega push for privatization
The cabinet committee on economic affairs (CCEA) on Wednesday cleared one of the government’s largest asset-sale exercises involving five companies, including the privatization of Bharat Petroleum Corp. Ltd (BPCL) and...
NCLAT extends deadline to 16 Dec for implementation of Patanjali’s bid for Ruchi Soya
The National Company Law Appellate Tribunal (NCLAT) has extended till December 16 the deadline for completion of Patanjali Ayurved’s ₹4,350 crore resolution plan to acquire debt-ridden edible oil firm Ruchi Soya...
