India: Chemical firm UPL in early talks to buy stake in Kaveri Seeds

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Acquisition of Kaveri Seeds is likely to help UPL to enhance its GMO seed portfolio at an affordable valuation.

Sequoia, Accel lead $12.2m round in two-wheeler rental start-up Metro Bikes

TaxiForSure founder Raghnunandan G., an unnamed global fund and a Bengaluru-based HNI also participated in the latest round.


India Digest: CCI nod for Tata-Bhushan deal; Future JV with Fonterra, ACK stake sale; Adani fundraise

Future Consumer is selling its stake in Amar Chitra Katha to Mauritius-based Griffin Partners at an equity valuation of Rs 60 crore.


Indian competition watchdog CCI questions Flipkart’s discounting practices

On Wednesday, CCI approved Walmart’s $16 billion acquisition of Flipkart but expressed concerns about the latter’s discounting practices.


Franklin Templeton launches maiden India AIF

The Franklin India Long Short Equity AIF will invest in stocks and derivatives in Indian companies for medium- to long-term.


NSE IPO depends on resolution of algo trade issue, says CEO Vikram Limaye

NSE has initiated talks with the capital markets regulator to settle the probe through the consent mechanism.


India Digest: ZipGo, Prest Loans, Propelld, Wishup, Lenskart, Mswipe, Nestaway raise funds; Google partners 91springboard

ZipGo, Prest Loans, Propelld, Wishup, Lenskart, Mswipe and Nestaway are among the latest Indian startups to raise funds.


India: Flipkart Supermart to take on Amazon, BigBasket in grocery space

Flipkart has launched its grocery offering called Flipkart Supermart in Bengaluru and plans to expand it to five to six other major cities by the end of the year.


India: Shyam Metallics, ASK Investment file draft IPO papers with Sebi

ASK Investment’s IPO will be around Rs2,000 crore in size.


India’s antitrust regulator approves Flipkart-Walmart deal

The regulator said Flipkart’s discounting practices might need to be dealt with separately, an issue that assumes significance in the wake of the new draft policy that proposes further restrictions on discounting by online marketplaces.