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Idea shareholders give nod for merging mobile biz with Vodafone India

Over 99% of Idea shareholders voted in favour of the merger at the shareholders’ meeting on 12 October.

Indian Energy Exchange IPO to open on 9 October

The New Delhi-based company filed draft papers with the Securities and Exchange Board of India (Sebi) on 20 June.

India: PE investments slump 13% to $6.3b in Q2

Private equity (PE) investments in India declined 13% by deal value to $6.3 billion in the second quarter compared with the preceding quarter.

India: Synup raises $6m from Vertex Ventures to fund expansion plans

Prime Venture Partners, a seed-stage venture fund based in Bengaluru, also invested in the round.

India: Cyient sells 49% stake in Infotech Aerospace to Pratt & Whitney

Cyient will receive $1.8 million after additional dividend distribution of $9.1 million.

Force Motors ties up with Rolls-Royce Power Systems to form Indian JV

Force Motors plans to build a dedicated facility under the joint venture at its existing premises at Chakan, Pune.

India: ICICI Lombard IPO to open on 15 September

The company said the offer includes a reservation of up to 4,312,359 shares of ICICI Lombard for ICICI Bank Ltd’s existing shareholders.

Nikesh Arora joins race to be Uber CEO post Kalanick’s ouster: Report

Arora was on course to become the next CEO of SoftBank.

India: Govt asks Amazon to separate food biz from flagship marketplace

Foreign firms are not allowed to sell products to consumers directly in India.

Facebook’s Sheryl Sandberg may be appointed new Uber CEO: report

Kalanick’s departure caps a tumultuous period for Uber