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Grapevine: Adani Wilmar eyes IPO; Global PEs look to invest in Hinduja unit

General

19 March, 2021

Grapevine: Adani Wilmar eyes IPO; Global PEs look to invest in Hinduja unit

Adani Wilmar, the company behind the Fortune brand of edible oils, is planning to raise up to Rs 5,000 crore ......

Policybazaar raises $75 million for UAE expansion

TMT

18 March, 2021

Policybazaar raises $75 million for UAE expansion

PB Fintech-run online insurance aggregator Policybazaar has raised $75 million in a fresh funding round led by New York-based...

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Infra solutions provider, once backed by Sequoia, ordered for liquidation

Infrastructure

18 March, 2021

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...

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Sequoia-backed pharma firm's CEO quits to float venture

Healthcare

18 March, 2021

Sequoia-backed pharma firm's CEO quits to float venture

The CEO and co-founder of Sequoia Capital-backed pharmaceuticals company has quit to float his business, a person familiar with...

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After disrupting the mattress business, D2C brand Wakefit aims for full-stack home solutions

Consumer

18 March, 2021

After disrupting the mattress business, D2C brand Wakefit aims for full-stack home solutions

When Ankit Garg and Chaitanya Ramalingegowda founded Wakefit Innovations about five years ago, they knew they were taking a big...

Morgan Stanley first major US bank to offer clients access to bitcoin funds: CNBC

TMT

18 March, 2021

Morgan Stanley first major US bank to offer clients access to bitcoin funds: CNBC

Morgan Stanley has become the first big US bank to offer its wealth management clients access to bitcoin funds, CNBC ......

Julius Baer ropes in execs from IIFL Wealth, Avendus; J Sagar Associates makes hire

People

17 March, 2021

Julius Baer ropes in execs from IIFL Wealth, Avendus; J Sagar Associates makes hire

The domestic arm of global wealth management and private banking firm Julius Baer Group has recruited a group of people, ......

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Covid dents Edelweiss ARC's debt purchase by at least 40%

Finance

17 March, 2021

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...

Grapevine: Delhivery to raise pre-IPO round; Govt to bundle airports in privatisation round

General

17 March, 2021

Grapevine: Delhivery to raise pre-IPO round; Govt to bundle airports in privatisation round

Unicorn logistics startup Delhivery is in talks with multiple global investors including US-based Fidelity to raise a pre-IPO...

India to set up development finance institution to fund infra projects

Infrastructure

16 March, 2021

India to set up development finance institution to fund infra projects

India's federal cabinet on Tuesday approved a development financial institution to boost investment in infrastructure projects,...

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