India: Future Retail to demerge home retail business

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Shares of Future Retail Ltd hit an all-time high after the announcement.

India: Ola may raise $100m more, four months after SoftBank-led downround

Ola’s board approved the $100 million investment in March.


India: PE firm Creador exits Somany Ceramics with 5.3X returns

In the process, Creador received a 5.3x return and an IRR of 77 per cent in rupee terms.


India: Warburg is frontrunner to acquire Prem Watsa’s stake in ICICI Lombard

Warburg was selected alongside Carlyle & Temasek Holdings to submit final bids.


India: Hero Enterprises to invest $15.5m in Aavishkaar Bharat Fund

Aavishkaar is aiming to raise $310 million for this fund.


India: Supreme Court gives NDMC nod to e-auction Taj Mansingh Hotel

The New Delhi Municipal Council (NDMC) had sought the court’s nod to auction the hotel.


India Dealbook: Holachef gets $5m led by Kalaari; VideoKen fundraise

SIDBI Venture Cpaital and India Quotient also participated in the Holachef funding round.


India: Markets regulator Sebi considers tighter scrutiny of commodity brokers, IPOs

The increased surveillance will happen through a risk-based supervision system.


Crisis at India’s Snapdeal: A result of boardroom battle

It is the culmination of a series of errors by its co-founders and its board.


India: OPaL looks to sell 50% to Saudi’s Aramco as Kuwait talks stall

India’s newest petrochemicals maker is seeking to sell half its $4.6 billion facility to Saudi Arabian Oil.