India: Future Retail to demerge home retail business


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.