Senior Writer & Content Specialist, India
The world’s largest renewable energy company had made a bid that rivals said was too low to make commercial sense.
The country’s India’s biggest mortgage lender Housing Development Finance Corp (HDFC) has dropped its plans for an overseas sale of rupee bonds — also known as masala bonds — due to adverse interest rates, as per a report in The Economic Times. The company will revisit the plan as the… Read more »
This comes at a time when Amazon India has hired half-a-dozen top managers aimed at consolidating its gains as well as expanding the scope of its business.
In a spate of investments across Indian startups, restaurant deals finder Pocketin has raised $150,000 in seed funding from angel investors, while wedding services app AppilyEver secured $400,000 in angel funding. Bengaluru-based home services startup SayFix got $160,000 from angel investors and Avanti Learning Centres raised $5 million from Michael and Susan Dell Foundation… Read more »
The exits come in the wake of the recovering commercial property market and its maturing structured debt investments in residential projects.
Bookmyshow founders Ashish Hemrajani, Parikshit Dar and Rajesh Balpande also participated in this latest found of funding, which will be used to build its product.
Japanese conglomerate Mitsui & Co has invested an undisclosed amount in a Crayon Data, a Singapore-based big data analytics, with operations in Chennai. The funds will help Crayon accelerate its global expansion, as per a company statement. The investment also includes a business service agreement by which Mitsui will support the launch… Read more »
The government has more or less concluded that its holdings in the two companies are not of a strategic nature, that is, it has no role to play in their management, sources said.
Bharti Telecom Ltd, the holding company jointly owned by Sunil Mittal and Singtel, plans to raise its stake in Bharti Airtel to over 50 per cent through open market purchases, according to a report in The Economic Times. Bharti Telecom had initially planned to acquire the stake from Indian Continental… Read more »
The new fund will be headed by Footprint Ventures co-founder Josh Bornstein, along with Piramal’s son-in-law Peter DeYoung who has joined as its director.