LiveWarburg 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...
Category : BUSINESS
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...
Hi Fabrique Group Acquires Tessitura Monti Spa’s Indian Operations
On Monday, Bengaluru-based cotton fabric maker Hi Fabrique Group announced the acquisition of the Indian operations of Tessitura Monti Spa. This Italian company spins, weaves,...
Adani Group Suspends Rs 34,900 Crore Petchem Project Amid Hindenburg Fiasco
At Mundra in Gujarat, Adani Group suspended work on a Rs 34,900 crore petrochemical project, focusing on funds to unite operations and report investor concerns...
Credit Suisse States $17 Billion Debt Valueless, Angers Bondholders
Angering bondholders on Sunday, Credit Suisse stated that 16 billion ($17.24 billion) Swiss francs of its Additional Tier 1 debt would be written down to...
BPCL Raises Rs 935 Crore Through Issuance of NCDs
On March 18, state-owned Bharat Petroleum Corporation Ltd (BPCL) announced that it had raised Rs 935.61 crore by issuing non-convertible debentures (NCDs) to accredited investors....
RBI Signs MoU with UAE Central Bank to Facilitate Cross-Border CBDC Transactions
The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) have signed an MoU on financial product innovation in...