TMT
CP Gurnani, CitiusTech founders back Gurugram-based edtech startup
Tech Mahindra managing director and CEO CP Gurnani has joined CitiusTech founders Rizwan Koita and Jagdish Moorjani in a seed...
Consumer
Kotak group ARC to walk away from bankrupt textile firm
Kotak group ARC to walk away from bankrupt textile firm with 'good returns' Kotak Mahindra Group’s...
Finance
Bhushan Power, NOCL lead March stressed assets resolutions; Upsurge in new cases under IBC
India’s stressed assets market saw the resolution of several pending cases in bankruptcy court in March, including big-ticket ones involving Bhushan Power...
Finance
Eight Capital's Ravi Chachra on the new distressed fund, bad bank and opportunities ahead
Distressed assets investor Eight Capital Management, which announced a new $500 million fund in January in a joint venture with ......
Infrastructure
Former GIC backed shipping company dragged to bankruptcy court
A Mumbai based shipping company, once backed by several leading private equity investors including Singapore sovereign wealth...
Finance
IFC commits $50 million to Gaja Capital's fourth fund
The International Finance Corporation (IFC) has made a commitment to invest $50 million in Gaja Capital’s fourth fund, likely...
Infrastructure
Troubled IL&FS invites bids for control of road repair unit in Vietnam
Debt laden Infrastructure Leasing and Financial Services (IL&FS) Ltd has invited bids for Singaporean unit’s controlling...
Infrastructure
Infra solutions provider, once backed by Sequoia, ordered for liquidation
An infrastructure solutions provider, once funded by Sequoia and ChrysCapital, has been ordered for liquidation by the bankruptcy...
Finance
Covid dents Edelweiss ARC's debt purchase by at least 40%
Financial services major Edelweiss group’s asset reconstruction company is expected to see a dip in debt purchase and recoveries...
Finance
GIC invests across financial, real estate and consumer sectors in single day
Singapore’s sovereign wealth fund GIC Pte Ltd has invested over Rs 1,000 crore ($138 million) in three listed Indian firms...
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