LiveTencent to Give $16.4 Billion JD.Com Stake as Dividend
Tencent will give a $16.4 billion JD.com stake as a dividend to its shareholders, which has weakened its ties with the e-commerce firm and raised...
Category : BUSINESS
Vedanta to Raise Rs 1,000 Crore by Offering NCDs
Vedanta Limited is a subsidiary of Vedanta Resources Limited, which will raise Rs 1,000 crore by offering “rated, secured, redeemable, non‐cumulative, non‐convertible debentures”, the company...
Banks Need $70 Billion More to Support Aim of $5 Trillion Economy, Says SBI Chairman
Banks may need to be capitalised at present. Still, they would need additional capital of $70 billion ( Rs 5.3 trillion) to support India’s ambitions...
Amazon Plans CCI Nod to Acquire Catamaran’s Stake in Cloudtail-Parent Prione
Amazon, India has approached the Indian antitrust body, Competition Commission of India (CCI), to seek its approval for acquiring Narayana Murthy-led Catamaran Ventures’ stake in...
Zee Entertainment Finalizes Deal With Sony’s India Unit
Sony’s India unit and its local rival, Zee Entertainment, have finalized a deal to merge television channels, film assets and streaming platforms, Zee said. Zee...
SBI Buys Minority Stake in JSW Cement For Rs 100 Crore
JSW Cement announced that the State Bank of India (SBI) had bought a minority stake by investing Rs 100 Crore through compulsorily convertible preference shares...
Nikhil Kamath-Backed Gruhas Targets Rs 2,000 Crore AUM in AIFs
Gruhas, a prop-tech investment firm owned equally by Nikhil Kamath and Abhijeet Pai, is looking to raise Rs 2,000 crore across three funds over the...
Mizuho Invests in Vietnam’s Fintech App MoMo Driving its Value to $2 Bn
Vietnam’s M_Service JSC, which operates Warburg Pincus LLC-backed fintech app MoMo, crossed $2 billion in valuation after raising about $200 million from investors led by...
Bizongo Raises $110 Mn in Funding Led by Tiger Global
Bizongo, a B2B E-commerce and supply chain enablement platform, raised $110 million in a Series D round led by New York-based Tiger Global Management. Founded...
Airbus Selects Tata Technologies as Strategic Supplier
On Monday, digital services firm Tata Technologies said European aerospace major Airbus had selected it as a strategic supplier. The company will become engineering, manufacturing...