Search Results for:Ishita Russell

India Digest: Tatas may exit AirAsia JV; PSU divestment on cards; Bharti Infratel eyes tower assets

Tata Sons owns 51 per cent of AirAsia India with the rest held by Malaysia-based AirAsia Bhd.


Singapore’s Agritrade Resources to acquire SKS Power for $300m

Agritrade will pay outstanding debt of SKS Power to SBI, L&T Infrastructure Finance Company and PTC (India) Financial Services.


India Digest: Tata mulls Vistara-Jet merger, ING eyes Kotak exit, Coffee Day rejigs ops

Tata Group and Jet Airways are reportedly exploring a two-step transaction, beginning with Jet’s merger with Tata SIA Airlines, the Tatas-Singapore Airlines joint venture that operates Vistara.


AFIN launches IFC-backed cross-border fintech platform API Exchange

The platform is aimed at connecting companies to financial institutions globally and become a banking solution for the unbanked.


People Digest: Ola HR head resigns; Jaideep Dang to head JLL hotels biz

In another big exit, Susheel Balakrishnan has resigned from his post of Chief People Officer at the Indian ride-hailing firm Ola.


Impact investor Capria hits first close of $100m emerging markets FoF

The fund of funds has secured commitments from Vulcan Capital ($20 million), Omidyar Network, Ford Foundation, Bill Gates, IFC and Resonance Impact Fund.


Indian pharma players Cipla, Aurobindo buy assets abroad

Cipla’s subsidiary is acquiring US-based specialty business firm Avenue Therapeutics while Aurobindo Pharma is buying assets from Australia-based Advent Pharmaceuticals.


Anicut Capital to raise $138m for second fund, gets SEBI approval

Anicut, which offers debt financing to small and medium enterprises, is already in talks with high net-worth individuals (HNIs).


India: Early-stage investor Endiya Partners plans new $68m VC fund

Endiya Partners, which invests in product startups, is currently deploying its Rs 200 crore Fund-I, which was closed in January 2017.


Singapore: Co-living platform Hmlet raises $6.5m led by Sequoia India

This funding comes a year after the startup raised a $1.5-million seed round led by Aurum Investments.