LiveIFC to Invest Rs 600 Crore in M&M’s New Last-Mile EV Company
Global development agency International Finance Corporation (IFC) announced on Wednesday that it would invest Rs 600 crore in a new last mile mobility (LMM) company,...
Category : BUSINESS
Silicon Valley Bank Financial Must Wait to Recover $2 Billion from FDIC
The former owner of Silicon Valley Bank, which was taken over by regulators earlier this month, will have to wait several months to know whether...
Loans to Silicon Valley Bank Insiders Tripled to $219 Million Before Collapse
As Silicon Valley Bank deteriorated late last year and regulators began to point out internal flaws in its risk management, the bank opened its credit...
IDFC Hires Axis Capital for Fair Opinion on Share Exchange Ratio for Merger with IDFC First
On March 21, IDFC Ltd and IDFC Financial Holding Company Ltd said they had appointed Axis Capital Ltd to issue a fair opinion on the...
Accenture to Acquire Bengaluru-Based AI Firm Flutura
On Tuesday, IT services and consulting firm Accenture said it would acquire Bengaluru-based industrial artificial intelligence firm Flutura. The deal size was not revealed. Flutura...
Warburg Pincus Sold 2.49% Stake in PVR Worth Rs 380 Crore
Private equity company Warburg Pincus sold a 2.49% stake in multiplex-chain corporation PVR worth Rs 380 crore under the open market transactions. Warburg Pincus sold...
RBI fines Imperial Urban Cooperative Bank for Breaking Rules
The Reserve Bank of India (RBI) said on March 20 that it had fined Imperial Urban Cooperative Bank Rs 1 lakh for breaching specific banking...
M&M Takes Stake in VC Firm Omnivore to Buy Agtech Firm MITRA
Mahindra and Mahindra (M&M) has acquired agricultural equipment maker MITRA Agro Equipments after acquiring a stake in venture capital firm Omnivore as it pursues its...
Renault Nissan Signs Agreement with Kamarajar Port for Car Shipment
The Renault-Nissan Alliance has signed an agreement with Kamarajar Port Ltd (KPL) to export vehicles produced by their joint venture in nearby Renault-Nissan Automobiles India...
EV Charging Infrastructure Platform CHARGE+ZONE Raises $54 Million
Electric vehicle charging infrastructure platform CHARGE+ZONE announced the raising of $54 million (Rs 450 crore) in a Series A funding round led by global impact...