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Beena Parmar

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Purnendu Chatterjee's TCG looks to acquire bankrupt textile company

Manufacturing

03 September, 2020

Purnendu Chatterjee's TCG looks to acquire bankrupt textile company

A chemicals manufacturer that’s part of the Purnendu Chatterjee-led The Chatterjee Group (TCG) has made an offer to acquire a ......

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PE funds, electronics companies among bidders for Videocon assets

Manufacturing

02 September, 2020

PE funds, electronics companies among bidders for Videocon assets

Bankrupt consumer appliances maker Videocon Industries Ltd and a dozen of its units have received 11 offers for their assets ......

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Asian alternatives firm PAG strikes $137-mn private credit deal in India

Finance

02 September, 2020

Asian alternatives firm PAG strikes $137-mn private credit deal in India

Hong Kong-based alternative investment firm PAG, recently in news for cofounding a pharma platform and striking a deal related to Edelweiss ......

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Why Shriram Group may drop plan to re-induct Bhatia on board of vehicle finance arm

Finance

01 September, 2020

Why Shriram Group may drop plan to re-induct Bhatia on board of vehicle finance arm

Shriram Group may drop its plan to re-induct PE giant TPG Capital’s Puneet Bhatia as a nominee on the board ......

ICICI Bank pares stake in stock broking unit ICICI Securities

Finance

28 August, 2020

ICICI Bank pares stake in stock broking unit ICICI Securities

ICICI Bank, India’s second-largest private-sector bank, said Friday it has pared its stake in its broking and investment unit as ......

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Why RBI nixing UV ARC's plan to buy Aircel is bad news for all stressed assets

Finance

28 August, 2020

Why RBI nixing UV ARC's plan to buy Aircel is bad news for all stressed assets

The resolution of distressed assets under the Insolvency and Bankruptcy Code (IBC) has hit a big stumbling block with the ......

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Shriram Transport parent nominates PE exec ousted from board

Finance

27 August, 2020

Shriram Transport parent nominates PE exec ousted from board

Shriram Transport Finance Corporation (STFC) and its promoters have nominated for re-induction as a director an executive of private equity ......

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Digital lender Avail Finance's valuation rises three-fold as Falcon Edge joins as investor

TMT

27 August, 2020

Digital lender Avail Finance's valuation rises three-fold as Falcon Edge joins as investor

Avail Finance, a digital lender that seeks to provide instant collateral-free personal loans, has raised its Series B round of ......

Podcast: Aye Finance's MD on business challenges and coping with the pandemic

TMT

27 August, 2020

Podcast: Aye Finance's MD on business challenges and coping with the pandemic

The COVID-19 pandemic has adversely impacted most businesses and made it difficult for them to raise capital from risk-averse banks, ......

Cognizant to purchase Tin Roof Software in sixth acquisition this year

TMT

26 August, 2020

Cognizant to purchase Tin Roof Software in sixth acquisition this year

Nasdaq-listed IT major Cognizant Technology Solutions Corp has entered into an agreement to acquire US-based Tin Roof Software. The transaction, expected ......