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Oyo Hotels ropes in former IndiGo president Aditya Ghosh as new CEO

Ghosh, who had stepped down from IndiGo in July this year and joined as an advisor to Tata Trusts later, was responsible for launching international operations of the airline.


Reliance Jio raises $1b term loan from Korea Trade Insurance

Reliance Jio said the term loan facility will finance the procurement of goods and services from Samsung Electronics and Ace Technologies.


India: RBI gives green light to IDFC Bank, Capital First merger

The deal will allow IDFC Bank to grow its retail book, which it has been unable to do in the last two-and-a-half years.


JSW Steel, AION get lenders nod for Monnet Ispat acquisition

AION holds 70% in the consortium while JSW Steel holds the rest.


Private equity funds plan bigger, bolder bets in India this year

The second edition of the Mint’s Annual Private Equity Conclave 2018 to be held on 28 March will attempt to unravel this and more.


Telecom, technology and BFSI push India M&A activity to over $50 billion in 2017

Telecommunications, technology and financial service were the top sectors in terms of deal value.


India: Cisco’s John Chambers picks up 10% stake in Uniphore Software Systems

John Chambers, executive chairman of Cisco Inc. and chairman of the recently-formed US-India Strategic Partnership Forum (USISPF), has picked up a 10% stake in speech recognition solutions company Uniphore Software Systems Pvt. Ltd in his personal capacity. Chennai-based Uniphore, which made it to the list of winners in the 2016… Read more »


India: Reliance Infra in exclusive talks with Adani to sell Mumbai power biz

In a stock exchange filing, both firms said they had entered into a period of exclusivity till 15 January.


India: Jindal Stainless said to have raised $122m in priority funding

The funds will be used towards working capital needs and for capacity expansion.


India: Max, HDFC Life call off proposed merger of insurance business

HDFC Life and Max Life had announced their merger plans in August last year.