Ishita Russell

Senior Writer & Content Specialist, India

India: SunEdison plans to offload up to 49% equity in 500 MW solar project

The world’s largest renewable energy company had made a bid that rivals said was too low to make commercial sense.

India: HDFC puts $750m masala bonds plan on hold due to adverse rates

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 »

India: Snapdeal puts 200 employees on notice, staff moves labour department

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.

India: Pocketin, AppilyEver, SayFix & Avanti Learning raise money

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 »

India: Realty PE Milestone Capital eyeing exits worth $145m in a year

The exits come in the wake of the recovering commercial property market and its maturing structured debt investments in residential projects.

India: Accel leads $5.8m Series A round in mobile payments startup Juspay

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.

India: Mitsui invests in Ratan Tata-backed Crayon to fund its global expansion

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 »

India may auction stake in ITC, L&T as it races to meet $10b divestment target

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.

India: Bharti Telecom plans to increase stake in Bharti Airtel

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 »

India: Ajay Piramal backs new VC firm Montane; comes in as anchor investor

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.