Air India Assets Holding Ltd, a special purpose vehicle created by the government to park about half of the airline’s debt, plans to raise about ₹8,064 crore through a government-guaranteed bond issue this week, said a...
Ratan Tata to invest in e-bike startup Tork Motors
Ratan Tata, chairman emeritus Tata Sons, will invest an undisclosed amount in Tork Motors, the Pune-based electric motorcycle startup said on Monday. While Tork has been readying for the launch of its first product, the...
Lenders approve JSW Energy’s resolution plan for Ind-Barath’s 700 MW power plant
JSW Energy Ltd, the power generation business of Sajjan Jindal’s JSW Group, on Monday said that a committee of creditors overseeing the insolvency resolution of Ind-Barath Energy (Utkal) Ltd, has approved a resolution...
New resolution professional of Videocon seeks EoIs for 13 companies under IBC
The newly-appointed resolution professional (RP) for the Videocon group has sought expressions of interest (EoI) for 13 group companies undergoing resolution using the Insolvency and Bankruptcy Code (IBC), according to...
Son, SoftBank risk too much with WeWork takeover
Masayoshi Son could be on track for the biggest triumph of his career. Or the biggest failure. His decision to jump in and save a drowning unicorn, WeWork, goes against the precepts of the SoftBank Vision Fund that he...
Bahrain’s Investcorp leads funding round in fashion retailer Bewakoof
Bahrain’s alternative asset manager Investcorp has led an investment of about ₹80 crore in online fashion retailer Bewakoof.com. Founded in 2011 by Prabhkiran Singh and Siddharth Munot, Bewakoof.com is a direct-to...
Total buys 37.4% stake in Adani Gas for ₹5,662 crore
Betting on India’s clean energy push, French oil and gas major Total SA has acquired a 37.4% stake in Adani Gas Ltd, promoted by the Adani Group, for Rs5,662 crore, the company said in a statement on Monday. The...
Reliance Jio Digital Services is now Jio Haptik Techologies
Reliance Jio Digital Services Ltd (RJDSL) is now Jio Haptik Technologies Ltd. Reliance Industries Ltd, which through its subsidiary Reliance Jio Digital Services Ltd (RJDSL) had acquired 87% stake in artificial...
Reliance Capital to sell 100% stake in Reliance Securities in management buyout
Anil Ambani-controlled Reliance Capital Ltd on Friday said that the existing management team of its broking business – Reliance Securities group – has entered into a binding agreement for buying out the...
DealShare raises $11 mn led by Matrix Partners, Falcon Edge Capital
DealShare, a startup that uses social media to offer group-buying discounts on household items, said on Thursday it has raised as much as $11 million in a Series A round led by venture capital firm Matrix Partners and...
WeWork India looks to raise $200 million
WeWork India, the Indian affiliate of New York-based co-working startup We Co, plans to raise $200 million to fund its growth as demand soars for shared workspaces in the country. The company, which raised around ₹500...
Altico Capital looks to raise ₹2,000 crore
Altico Capital India Ltd, the real estate-focused lender that defaulted on interest payments in September, has proposed to sell loans worth around ₹2,000 crore as part of its debt resolution plan, two people directly...
