Manufacturing
OfBusiness eyes acquisitions ahead of IPO: Co-founder
OfBusiness, a raw material procurement and business financing platform, is eyeing acquisitions in the run-up to launching an initial...
TMT
EverSource Capital invests in EV operator Lithium; IFC, Lightrock exit
EverSource Capital’s Green Growth Equity Fund (GGEF), one of India’s largest climate impact funds, said it has picked...
Manufacturing
Reliance, Ares SSG-backed unit win bid for stressed Sintex Industries
Mukesh Ambani-owned Reliance Industries (RIL) has partnered with Ares SSG Capital-backed Assets Care & Reconstruction Enterprise...
TMT
Four women to make ‘Majority' impact investments with $25 mn startup fund
A zeal to create an impact, four women have come together to set up Majority to join the “missing impact ......
Markets
Oyo rejigs top management, IPO likely to get delayed
In a major top management rejig, Softbank-backed Oyo has elevated Ankit Gupta to be the chief executive officer (CEO) of ......
Finance
ICICI Venture set to raise $350-400 mn for fifth PE fund, mulls separate early-stage fund
ICICI Venture, the alternative investment arm of ICICI Bank, is in talks to raise at least $350-400 million (around ₹2,600-3,000...
Finance
IIFL AMC to expand strategy, investor base as it mops up ₹2,600 cr in pre-IPO fund
IIFL Wealth and Asset Management (IIFL AMC), backed by Fairfax Financial Holdings Ltd, is raising ₹2,600 crore (around $340...
Finance
Paytm Payments Bank barred by RBI from onboarding new customers
The Reserve Bank of India (RBI), in its latest order issued today, directed Vijay Shekhar Sharma-led Paytm Payments Bank Ltd ......
Finance
CDC Group invests $50 mn in Aavas's women-focused financing program
CDC Group, the UK’s development finance institution, has announced a Rs 360 crore (around $50 million) investment in a women-centered...
Infrastructure
Tata-ICICI Venture JV wins bid for stressed UP power asset under bankruptcy process
The resolution professional of South East UP Power Transmission Company Limited (SEUPTCL), has issued a Letter of Intent (LOI)...
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