Warner Bros is vying for a piece of India’s growing retail entertainment industry. Warner Bros is vying for a piece of India’s growing retail entertainment industry. Warner Bros is scouting for around 20,000...
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Goldman Sachs invests in realtor Vatika Group
US banking giant Goldman Sachs has invested Rs 610 crore in Gurgaon-based realty developer Vatika Group in a part equity part debt deal, according to Vatika Group’s managing director, Gaurav Bhalla. Of this, Rs...
Brazil’s Boticario eyes cosmetics acquisitions at home and abroad -CEO
Brazilian cosmetics company Grupo Boticario is considering domestic and foreign acquisitions as industry competition intensifies, its chief executive said on Thursday. The company is a major rival to Brazil’s Natura...
Spanish competition watchdog gives preliminary approval to BME-SIX merger
Spain’s competition watchdog on Thursday gave a preliminary green light to Swiss exchange operator SIX’s 2.84 billion euro ($3.1 billion) offer for Madrid bourse BME to go ahead. After SIX made its friendly offer in...
Woodside holds on to stake in Senegal oil field as FAR challenge fails
ConocoPhillips’ (COP.N) sale of a stake in a $4.2 billion Senegal oil and gas project to Woodside Petroleum (WPL.AX) has been cleared by an international tribunal, resolving a long-running challenge by Australian...
Power companies feel divestment may increase cost of borrowings
NTPC Ltd, Power Grid Corporation of India (PGCIL) and Power Finance Corporation (PFC) have conveyed their concerns on the government’s proposal to reduce stake to below 51%. The companies have told the ministry of power...
PFC NPAs to reduce with resolution of 4 stressed plants: CMD
State-owned Power Finance Corp (PFC) expects significant reduction in its bad loans with resolution of four stressed power generation assets, expected by the end of this financial year, its chairman and managing...
Currencycloud raises $80-million in Series E funding led by Visa, SAP venture
London-based start-up Currencycloud on Monday announced that it had raised over $80 million in Series E funding. The investment round was co-led by Visa and Sapphire, SAP’s venture capital arm, according to...
NTPC Board okays acquisition of govt stake in NEEPCO, THDC
State-owned power giant NTPC on Monday said its board has given in-principal approval to acquire government’s 100 per cent stake in North Eastern Electric Power Corporation Ltd(NEEPCO) and 74.5 per cent stake in...
Cipla, PAG eye Wockhardt’s formulations business
Cipla and Asian buyout fund PAG are vying with each other to acquire a big chunk of Wockhardt’s domestic formulations business for Rs 2,100-2,800 crore ($300-400 million) as the indebted pharmaceutical company looks to...
Bizongo raises funds in round led by Switzerland’s Schroder Adveq
Bizongo, an online marketplace for packaging products, on Monday said it has raised $30 million in a Series C funding round, led by Swiss hedge fund Schroder Adveq. Bizongo raised $22 million as part of its Series B...
Kedaara eyes stake in Veritas Finance
Private equity (PE) fund Kedaara Capital is in advanced discussions to acquire a stake in small business lender Veritas Finance at a valuation of ₹2,000 crore, two people aware of the talks said. Kedaara plans to put in...