Cineworld Group Plc filed for bankruptcy in Texas in an effort to tame its $5 billion debt pile. The UK-based movie theater chain, which draws most of its revenues from the US after the acquisition of Regal Cinemas in...
Crypto firm 21.co raises $25 million to value it at $2 billion
Crypto investment product firm 21.co, the parent of 21Shares, said on Tuesday it had raised $25 million in a funding round led by Marshall Wace that valued the company at $2 billion. “With this round of financing...
Mutual Funds Sundaram, SBI buy stakes in Hatsun Agro for ₹269 cr in open market
Dairy products maker, Hatsun Agro Product on Tuesday climbed nearly 4% on exchanges after two major mutual fund houses bought certain shares in the company via the open market. At the same time, promoter Raja Ganesan...
Ernst & Young leaders expected to approve plan to split accounting company
Ernst & Young’s leaders are expected this week to give the green light to splitting its auditing and consulting businesses, paving the way for the biggest shake-up in the accounting profession in more than 20 years...
SoftBank Vision Fund plans investment in GoMechanic
SoftBank Group is in talks to invest $35 million in Indian car service and repair firm GoMechanic, in what would be one of the Japanese investor’s smallest bets in India by its Vision Fund, which typically signs...
CashFlo raises ₹70 cr in funding round led by General Catalyst
CashFlo, a finance automation and payments platform, on Tuesday, raised approximately ₹70 crore in its second round of funding led by General Catalyst. Investors including existing Elevation Capital also participated in...
StayVista raises ₹40 cr from DSG, others
Hospitality firm Stay Vista Pvt. Ltd on Tuesday said it has raised ₹40 crore in a Series B funding round led by existing investor DSG Consumer Partners, with participation from Capri Global and CA Holdings. The company...
Chennai fintech IppoPay buys risk management startup Tutelar
IppoPay, a Chennai-based payment gateway firm backed by Coinbase Global, Better Capital and Blume Founders Fund, has acquired a risk management startup Tutelar for an undisclosed amount. Tutelar enables AI-based risk...
Tata Sons plans to raise $4 bn for Air India
Tata Sons Ltd, the holding company of the Tata group, plans to raise as much as $4 billion to infuse fresh capital into Air India and refinance costly debt, two people directly aware of the matter said. Tata plans to...
Reliance Power to get debt funding from PE firm Varde Partners
Värde Partners, a global investment firm focused on credit and distressed assets in India, has signed an agreement to invest in former billionaire businessman Anil Ambani group’s Reliance Power Ltd. (RPL). “On September...
Reliance retail arm acquires control of Insight Cosmetics
Reliance Retail Ventures Ltd (RRVL) has bought a controlling stake in makeup and personal care brand Insight Cosmetics, said two people aware of the deal, marking the entry of the billionaire Mukesh Ambani-owned company...
Ranveer Singh invests in beauty company Sugar Cosmetics
Bollywood actor Ranveer Singh has invested in homegrown beauty company Sugar Cosmetics. Singh’s investment comes after the company that started out in 2015 as a direct-to-consumer beauty brand raised $50 million in...
