Insurance behemoth Life Insurance Corporation of India (LIC) on Tuesday acquired over 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) since last December. LIC has increased its...
Mahindra to buy Rivigo’s B2B express biz
Mahindra Logistics Ltd will acquire the business-to-business (B2B) express delivery business of Rivigo Services Pvt. Ltd, the third-party logistics solutions provider said on Monday. Mahindra Logistics will buy the...
Tata, Singapore Airlines may merge Vistara, Air India
The Tata group and Singapore Airlines Ltd are working on merging their airline businesses Air India and Vistara and housing them under a new joint venture, two people aware of the development said, as they aim to...
Jubilant Foodworks completes acquisition of 29.42% in Roadcast Tech Solutions
Domino’s Pizza, Dunkin’ Donuts, and Popeyes franchiser, Jubilant Foodworks completed the acquisition of a 29.42% stake in Roadcast Tech Solutions on Monday. In July, the food service company signed a share...
Shapoorji Pallonji’s Forbes & Co announces demerger of precision tools business
Forbes and Company, the listed arm of Shapoorji Pallonji Group, on Monday announced the demerger of its precision tools and machine parts business. As per the scheme of arrangements approved by the board of directors of...
Molbio Diagnostics raises $85 mn from Temasek at unicorn valuation
Singapore-based investment firm Temasek has invested $85 million (around ₹680 crore) in Goa-based diagnostics chain, Molbio Diagnostics Pvt. Ltd. The company will be valued at $1.6 billion post the round, said a person...
Will continue to make small acquisitions: Harshil Mathur
Fintech unicorn Razorpay ventured into the offline market with its acquisition of Ezetap last month for $200 million, its biggest so far. In December last year, the company became the most valuable fintech startup in...
Nestle to invest ₹5,000 crore in India, explore acquisitions
Nestle SA, the world’s largest food company, will spend ₹5,000 crore to build factories and research centres in India till 2025 as the growing middle class in Asia’s third-largest economy steps up spending on food and...
Reliance New Energy to acquire 20% stake in US-based Caelux
Reliance New Energy Limited (RNEL), a wholly-owned subsidiary of Mukesh Ambani’s oil-to-telecom conglomerate Reliance Industries Ltd. (RIL), will invest $12 million to acquire a 20% stake in solar technology developer...
Good Glamm scraps plan to buy Raymond’s consumer biz
Good Glamm Group, the direct-to-consumer beauty and personal care conglomerate, has abandoned plans to acquire Raymond’s consumer care business due to a valuation mismatch, said a person with knowledge of the matter...
Light Microfinance raises ₹196 crore in Series B funding round
Light Microfinance has raised ₹196 crore in a Series B funding round, the company said in a statement on Thursday. The funding was led by British International Investment (BII), UK’s Development Finance Institution...
Kuku FM raises $21.8 mn series B1 funding from Fundamentum Partnership
Audio streaming start-up Kuku FM has raised $21.8 million in series B1 funding led by The Fundamentum Partnership. Along with new investors Fundamentum and Paramark, existing investors KRAFTON, Inc, 3one4 Capital...
