Chanda Kochhar quits ICICI Bank, Sandeep Bakhshi new CEO
ICICI Bank Ltd said on Thursday it has appointed Sandeep Bakhshi as Chief Executive Officer to replace Chanda Kochhar, who has...
DP World, NIIF JV to acquire PE-backed Continental Warehousing
Hindustan Infralog Pvt. Ltd, a joint venture between Dubai-based DP World and the National Infrastructure Investment Fund (NIIF), has agreed to acquire a 90% stake in Warburg Pincus-backed Continental Warehousing Corporation (Nhava Seva) Ltd, a media statement said.Continental Warehousing's promoter Reddy family will retain a 10% stake in the company.This ......
Has RERA really turned out to be the panacea homebuyers desperately needed?
When the Real Estate (Regulation and Development) Act (RERA) was implemented in May last year, it had ignited hopes among harried homebuyers burdened with investments sunk into delayed or stuck projects.Until then, real estate was one of the only consumer-centric sectors in India that had remained largely unregulated, allowing unscrupulous ......
True North picks up majority stake in Sesa hair oil maker
Homegrown private equity firm True North has acquired a 75% stake in Rajkot-based Ban Labs Pvt. Ltd, the maker of Sesa hair oil. The...
Mumbai Angels Network, 1Crowd back healthful food brand Snackible
LightSaber Food Ventures Pvt. Ltd, which sells healthful food under the Snackible brand, has raised an undisclosed amount ...
Flipkart acquires Israeli analytics startup Upstream Commerce
Walmart-owned Flipkart, the country’s largest e-commerce company, said on Tuesday that it has acquired Upstream Commerce,...
SAR Group's VC arm bets on dosa machine maker Mukunda Foods as IAN exits
Mukunda Foods Pvt. Ltd, which manufactures tabletop dosa-making machines, has received a strategic investment from Ncubate Capital...
Emerging markets-focused PE firm Abraaj files for provisional liquidation
Abraaj Holdings Ltd, an emerging markets-focused private equity firm that has backed Hyderabad-based Care Hospitals and online grocer BigBasket, has filed for provisional liquidation.Dubai-based Abraaj said in a statement it has filed a petition in a Cayman Islands court to appoint PricewaterhouseCoopers as provisional liquidators for the firm. Abraaj said ......
PE firm Vora Ventures acquires B2B online marketplace ShakeDeal
ShakeDeal, a business-to-business (B2B) bulk-sourcing online marketplace for industrial goods and raw materials, has been acquired by US-based private equity firm Vora Ventures for an undisclosed amount.In a statement, Vora Ventures said the investment will be used to support Bengaluru-based ShakeDeal’s growth and expansion into new vertical markets and product ......
IIM-Ahmedabad’s CIIE backs campus recruitment solution provider Reculta
IIM Ahmedabad’s incubator-cum-investor, Centre for Innovation Incubation and Entrepreneurship (CIIE), has invested an undisclosed amount of seed capital in Noida-based placement solutions provider Reculta.The startup will use the funds for expanding its sales team and product development, besides funding its international expansion plans, Utsav Bhattacharjee, co-founder of Reculta told VCCircle/TechCircle.Besides ......
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