Amazon’s efforts to oppose Bank of India’s move to initiate corporate insolvency resolution proceedings against debt-laden Future Retail Ltd will be an uphill task, experts said. The National Company Law Tribunal (NCLT)...
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Polestar says it expects to complete SPAC merger
Polestar expects shareholders in a special-purpose acquisition company to approve a merger on Wednesday with the Swedish electric-vehicle maker, in a deal that the company said will raise around $850 million and help...
Kellogg to split into three companies; corporate HQ moves to Chicago
Kellogg, the maker of Frosted Flakes, Rice Krispies and Eggo, said it was splitting itself into three separate companies focused on cereals, snacks and plant-based foods. Kellogg’s, which also owns and MorningStar...
Neobank Stashfin raises $270 million
Stashfin, the Singapore-based neo banking platform, on Tuesday said it has raised $270 million (about Rs2,109 crore) in the series-C equity and debt funding round led by global investors, including Uncorrelated...
‘A lot of issues to overcome…’ world’s airline association on Vistara-Air India merger
Ever since Tata Group has taken over Air India, reports have surfaced that the country’s oldest multinational conglomerate might merge the debt-ridden airline with Vistara. Tata Sons, which is the principal...
Yes Bank close to raising up to $1 billion from Carlyle, Advent
Yes Bank is in advanced stages of negotiations to close a $1 billion equity fundraise from private equity firms Carlyle and Advent International, two people aware of the development said. The fundraising talks had been...
FinBox raises $15 million in round led by A91 Partners
B2B credit infrastructure fintech, FinBox on Monday announced fundraising of $15 million (approximately ₹115 crore) in a round led by A91 Partners. Companies like Aditya Birla Ventures, Flipkart Ventures, and existing...
LIC ups stake in Dr Reddy’s from 3.64% to 5.65%
Life Insurance Corp of India’s (LIC) holding in pharmaceutical company Dr Reddy’s Laboratories has crosses 5.65% as on 15 June. The corporation’s shareholding in Dr Reddy’s Lab has increased from...
Baidu in talks to sell majority stake in iQIYI, China’s answer to Netflix
China’s internet search engine giant Baidu Inc is in talks to sell its controlling stake in iQIYI Inc, China’s answer to Netflix, in a deal that could value all of iQIYI at about $7 billion, two people with...
GE acquires 49% stake in Continuum’s Morjar onshore wind farm project
GE on Wednesday announced the acquisition of a 49% stake in Continuum Green Energy (India) led 148.5 megawatt (MW) Morjar onshore wind project in Gujarat. The acquisition marks GE’s first onshore wind equity...
Cube Highways to raise $1 bn for InvIT
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...
