Japan-based Fujitsu General, a leading manufacturer of air conditioners and other technology products, prepares for a new growth trajectory in its Indian air-conditioner business with joint venture realignment and entry...
Skylo raises $103 million in round led by SoftBank
Internet of Things (IoT) solutions firm Skylo Technologies, co-founded by Indian-origin entrepreneur Parthsarathi Trivedi, has raised $103 million in a Series B round led by SoftBank Group. The round also saw the...
Allcargo acquires 13% stake in Gati amid family dispute
Allcargo Logistics, a multimodal logistics firm, has acquired around 13% in express logistics firm Gati Ltd, the company said in a statement. “In line with the approval by Gati’s shareholders at the EGM on the 7th...
Adani Capital acquires Essel Finance’s MSME lending business
Adani Capital Pvt. Ltd, the non-banking financial company (NBFC) arm of Adani Group focused on small and micro-entrepreneurs, has acquired Essel Finance’s micro, small and medium enterprises (MSME) loan business...
Dish TV’s Merger Talks With Airtel Digital Stall
Dish TV India Ltd.’s talks to merge with Airtel Digital TV have stalled on differences over the deal’s structure, according to people with knowledge of the matter. Essel Group’s Dish TV has opted to explore a sale of...
UBS sells majority stake in Fondcenter to Deutsche Boerse’s Clearstream
Deutsche Boerse’s Clearstream is buying a majority stake in UBS’s (UBSG.S) fund distribution company Fondcenter for around $400 million, the companies announced on Tuesday. Deutsche Boerse, which is flush with cash, has...
Two CapitaLand REITs to merge in $6 billion deal
CapitaLand said on Wednesday it had proposed the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in a cash-and-stock deal valued at S$8.2 billion ($6.1 billion), adding to sector consolidation...
Zomato acquires Uber Eats business in India to consolidate position
Zomato, the online food delivery and restaurant aggregator platform, on Wednesday announced that it has acquired Uber Eats’ business in India in an all-stock deal that will see the ride hailing company’s food...
Zoomcar raises $30 million from Sony fund, others in fresh round
Self-drive car rental platform Zoomcar has raised $30 million in its ongoing Series D round led by Sony Innovation Fund, and other existing investors, it said on Monday. The Bengaluru-based mobility startup plans to...
Faering, A91 lead funding round in insurance distributor Go Digit
Insurance distribution firm Go Digit Insurance has raised $80 million in an equity funding round led by private equity funds Faering Capital, TVS Capital and A91 Partners, it said on Monday. The round values three-year...
CCI okays divestment of Reliance Jio’s tower assets to Brookfield
The Competition Commission of India (CCI) said on Monday that it has approved the divestment of Reliance Jio Infocomm Ltd’s telecom tower assets to Canada’s Brookfield Infrastructure Partners Lp and other investors. The...
NIC board approves merger proposal with two other insurers: Officials
State-owned non-life insurer National Insurance Company Ltd has approved its merger with Oriental Insurance Company Ltd and United India Insurance Company Ltd, trade union officials said on Monday. A hurriedly-convened...
