LiveAllcargo Logistics Unit to Buy 75% Stake in a German Company for €12 Million
Allcargo Belgium, a subsidiary of Mumbai-based Allcargo Logistics, has entered into a share purchase agreement to acquire a 75% stake in Germany’s Fair Trade GmbH...
Category : BUSINESS
Kingfisher Shares Fell After DIY Retailer Trims Annual Income Outlook
British company Kingfisher PLC (LON:KGF) has marginally reduced the range of its predicted annual income due to the impact of additional investments in France, elevated...
Dr. Martens Shares Fall After Forecasting Margin Squeeze, Ongoing Investment Needs
On Thursday, shares in Dr. Martens (LON:DOCS) declined after the UK-based footwear company said its direct sales business was weaker in H1. The company added...
Ford Recalls Nearly 519,000 US SUVs Over Fire Risks
On Thursday, Ford Motor (NYSE:F) Co informed that it is recalling about 519,000 SUVs (sport utility vehicles) in the US over fire risks from possible...
Evolutionx Debt Capital Commits $35-40 Million Investment in udaan
On Thursday, according to a joint statement, growth-stage debt financing platform EvolutionX Debt Capital committed to investing in the B2B e-commerce platform udaan. While neither...
Bisleri Chairman Ramesh Chauhan Confirms Stake Sale Talks with Tatas, Others
Bisleri International Chairman Ramesh J Chauhan plans to divest some of his stake in the company and is discussing a sale with Tata Group and...
Zetwerk-Backer Kae Capital Marks Final Close of Fund III at $100 Million
Homegrown venture capital (VC) firm Kae Capital has closed its third fund at Rs 767 crore (around $100 million), joining a growing number of venture...
Akshaya Patra Gala Raises $2 Million for India’s Midday Meal Scheme
The non-profit organisation Akshaya Patra raised more than $2 million at an event this week to provide free midday meals to underprivileged students in India,...
Sukoon Healthcare Secures $15 Million from Lightrock for Majority Stake
Sukoon Healthcare, an inpatient psychiatric hospital, has secured an investment of $15 million (approximately Rs 120 crore) from Lightrock India for a majority stake in...
Prosus Values its 9.67% Stake in Byju’s at $578 Million
Netherlands-based tech investor Prosus recorded a fair value of its 9.67% stake in Byju’s at $578 million at the end of the September quarter, as...