Non-bank lender Fullerton India Credit Company Ltd. said it has raised ₹2,795 crore, or around $350 million, through external commercial borrowings (ECBs). The company said it has raised the loan at a margin of 122...
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Deere invests billions in self-driving tractors, Smart Crop Sprayers
For decades, Deere & Co. has dominated the hardware that powers the American farm industry with tractors, harvesters and other machinery used to plant seeds and reap crops. Now, Deere aims to extend its dominance to...
RBI nod for Yes Bank stake sale likely by Nov, says CEO
Yes Bank Ltd is hoping to receive approval from the Reserve Bank of India (RBI) in the next two months for its proposed stake sale to infuse ₹8,898 crore, said chief executive Prashant Kumar. The regulator’s approval is...
Reliance subsidiary to buy Shubhalakshmi Polyesters and Shubhlaxmi Polytex
Reliance Petroleum Retail Limited (under name change to ‘Reliance Polyester Limited’), a wholly-owned subsidiary of the Company, today executed definitive documents to acquire polyester business of Shubhalakshmi...
Aris Infra acquires majority stake in Unitern Advisors
Aris Infra, a Mumbai-based business-to-business (B2B) platform in construction and infrastructure materials, said it has acquired a majority stake in Unitern Advisors, a Bengaluru-based end-to-end real estate solution...
EY decides to split into two firms
Global professional services firm EY said it has decided to move forward with partner votes to separate into two distinct, multi-disciplinary organisations. EY said in a statement that the decision was taken after a...
Reliance Retail to invest in Big Cola, Aakash Namkeen
After completing the acquisition of soft drink brand Campa, Reliance Retail is looking to add more fast-moving consumer goods brands to its portfolio. The company is expected to sign a joint venture agreement with AJE...
China Evergrande’s stake in regional bank sold for $1.05 billion
A consortium of Chinese state-owned and private companies agreed to pay the equivalent of $1.05 billion for a minority stake in a domestic bank held by China Evergrande Group, helping the troubled property developer...
Cineworld files for bankruptcy in bid to cut $5 billion debt
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...
