Roads platform Cube Highways is in the final stages of discussions with Canadian pension fund British Columbia Investment Management Corp. and Abu Dhabi-based sovereign wealth fund Mubadala to raise $1 billion for its...
Crompton Greaves Consumer Electricals board okays fundraising of ₹925 cr via NCDs
Crompton Greaves Consumer Electricals on Monday received the board of directors’ approval for modifying its debt approval through buyback of commercial papers and long-term fundraising via non-convertible...
Why govt is not sure about the BPCL stake sale this year
The government is unlikely to restart the disinvestment process for Bharat Petroleum Corp. Ltd (BPCL) this year because of the stock market volatility and soaring energy prices, senior officials said. “We’re not sure...
Cred raising Series F capital at $6.4 billion
Kunal Shah-led fintech unicorn Cred is raising $140 million in a Series F round led by GIC and existing investors, the company said in a statement on Friday. The latest fundraise, which includes a primary and a...
HOW acquirers can do pre-M&A due diligence better
It is known that 50-70% of acquisitions fail. Many researchers have tried to answer why. Most research focus on post-deal factors, and “cultural incompatibility” emerges as a common theme across failed deals. But...
Adani, Apollo explore bids for majority stake in Metropolis
Billionaire Gautam Adani and Apollo Hospitals Enterprise Ltd, the country’s biggest operator of hospitals, are evaluating bids to pick up a majority stake in diagnostic chain Metropolis Healthcare Ltd, two people...
Cyient to acquire Portugal-based Celfinte for ₹340 crore
Hyderabad-based technology solutions firm, Cyient, has signed agreements to acquire Celfinet, a Portugal-based wireless engineering service provider for approximately Rs. 340 crore (€41 million), the company announced...
HDFC ties up with Accenture to digitally transform lending biz
Housing mortgage financier HDFC Ltd, has collaborated with Accenture to digitally transform its lending business. The collaboration, which is powered by cloud-native applications, machine learning, automation and...
Yes Bank To Tie Up With Jc Flowers In Its Arc Business
Yes Bank Ltd has chosen JC Flowers Asset Reconstruction Co. as its joint venture partner to offload ₹49,000 crore of bad loans as the private lender seeks to clean up its books and raise capital to fund credit growth...
China’s Bytedance Exits Dailyhunt Parent Verse
ByteDance has become the latest Chinese investor to exit an Indian startup, selling its entire stake in VerSe Innovation Pvt. Ltd, which operates news aggregator Dailyhunt. According to two people familiar with the...
Flipkart plans to restructure refurbished biz ahead of IPO
Walmart Inc.-owned Flipkart plans to restructure its refurbished products business ahead of a planned US listing in 2023, said two people aware of the matter. The company is exploring partnerships with refurbished...
Dish TV writes off Rs203 crore investment in Watcho
Dish TV India Ltd decided to write off about 15% of its investments in its OTT streaming app Watcho, a move which some shareholders said underscores the argument made by the largest shareholder Yes Bank Ltd, which was...
