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Keshav Sunkara

TPG-backed Flexituff to spin off bulk container business

Manufacturing

26 July, 2017

TPG-backed Flexituff to spin off bulk container business

Flexituff International Ltd will spin off its flexible intermediate bulk container (FIBC) business into a wholly owned subsidiary.Founded in 1993, ......

IDBI Federal Life on the block; Prestige Estates mulls stake sale in biz verticals

General

26 July, 2017

IDBI Federal Life on the block; Prestige Estates mulls stake sale in biz verticals

IDBI Federal Life Insurance Company Ltd is looking to sell itself and is seeking a valuation of at least Rs ......

Sical Logistics to acquire PNX Logistics

Infrastructure

25 July, 2017

Sical Logistics to acquire PNX Logistics

Integrated logistics solutions provider Sical Logistics Ltd said it will acquire Mumbai-based PNX Logistics Pvt. Ltd for Rs 10 crore ......

Welspun Enterprises to buy stake in two road projects, apply for NBFC licence

Infrastructure

25 July, 2017

Welspun Enterprises to buy stake in two road projects, apply for NBFC licence

Infrastructure firm Welspun Enterprises Ltd said it will acquire a 49% stake in two road projects of National Highways Authority ......

TPG exec named Janalakshmi CEO; Devendra Chawla to take over as Walmart India COO

People

25 July, 2017

TPG exec named Janalakshmi CEO; Devendra Chawla to take over as Walmart India COO

Bengaluru-based small finance bank licensee Janalakshmi Financial Services Ltd has appointed seasoned banker Ajay Kanwal as its chief executive officer. ......

Nirma may buy US firm; AION eyes Alok Industries; Warburg, KKR seek Air India details

General

24 July, 2017

Nirma may buy US firm; AION eyes Alok Industries; Warburg, KKR seek Air India details

Detergent maker Nirma Ltd has emerged as a key contender to acquire US-based Tronox Alkali for $1.5-2 billion, The Economic ......

Devendra Chawla quits as CEO of Future Consumer

Consumer

21 July, 2017

Devendra Chawla quits as CEO of Future Consumer

Devendra ChawlaDevendra Chawla has resigned as the chief executive officer of Future Consumer Ltd, barely six months after taking ......

Newgen Software plans IPO; Zee may buy BTVi; Finland's Taleeri eyeing solar assets

Finance

21 July, 2017

Newgen Software plans IPO; Zee may buy BTVi; Finland's Taleeri eyeing solar assets

Delhi-based Newgen Software Technologies Ltd plans to float an initial public offering and is likely to file a draft red ......

IFC invests $20 mn in mortgage lender Aavas Financiers

Finance

20 July, 2017

IFC invests $20 mn in mortgage lender Aavas Financiers

International Finance Corporation has invested Rs 130 crore ($20 million) in Jaipur-based Aavas Financiers Ltd to extend housing loans to ......

Peepul's Reddy to buy Medall; Zee eyes INX Media; Ascendas acquires Pune land

General

20 July, 2017

Peepul's Reddy to buy Medall; Zee eyes INX Media; Ascendas acquires Pune land

Sandeep Reddy, the co-founder of India-focused private equity firm Peepul Capital LLC, is looking to buy diagnostics firm Medall Healthcare ......