Religare Capital names Varun Lohchab MD & head of research
Religare Capital Markets Ltd, the investment banking arm of financial services group Religare Enterprises Ltd, has named Varun Lohchab its managing director and head of research.The company also appointed Sanjay Vaid as director and head of cash sales trading, it said in a statement. Both executives will be based at ......
3i Invests $61M In Supreme Infra’s BOT Road Projects
Private equity major 3i India is investing around $61 million (Rs 302 crore) for a minority stake in SIBHPL, a portfolio of BOT (build, operate and transfer) road projects of Supreme Infrastructure India Ltd (SIIL), a mid-size EPC contractor. The investment has been done through 3i’s $1.2 billion India Infrastructure ......
News Roundup: Philips Leads Race To Buy Halonix From Actis
Philips Leads Race To Buy Halonix From Actis - Philips India is leading the race to acquire a controlling stake in lightings maker Halonix (formerly Phoenix Lamps) from private equity fund Actis for around Rs 300 crore. Actis is currently demerging the general lighting business of Halonix into a subsidiary ......
DataWeave raises seed funding from Blume Ventures, TLabs, 5ideas, Rajan Anandan & others
Bangalore-based startup DataWeave Software Pvt Ltd has raised seed funding worth Rs 1.5 crore ($270,000) from Blume Ventures, TLabs (Times Internet), 5ideas Startup Superfuel, Meta Studio Advisors and a group of angel investors, namely Rajan Anandan, Pankaj Jain, Bharathram Thothadri, Krishna Mehra and Abhishek Gupta.This is the first disclosed investment from 5ideas Startup ......
Styletag.com raises $7.6M from Embassy Group’s Virwani
Styletag.com, a flash sale venture for curated designer wear, has raised $7.6 million (Rs 50 crore) in angel funding from Jitu Virwani, chairman and managing director of real estate developer Embassy Group.The company will use the money raised to expand its range of private labels, acquire more designer brands and ......
Sensex falls on global worries, Cognizant’s muted guidance
Extending its losing run for a second straight day, the BSE Sensex slumped by 266.44 points to 24,020.98 on sustained foreign fund outflows, while IT stocks fell after Cognizant lowered revenue guidance for the year.The BSE Sensex after opening lower at 24,076.85 continued to slide on selling in blue-chips, forcing ......
Altico Capital names Naina Lal Kidwai as non-executive director
Mumbai-based non-banking financial company (NBFC) Altico Capital India Pvt Ltd has appointed Naina Lal Kidwai as an independent non-executive director on its board, according to a press release.Kidwai retired as executive director on the board of HSBC Asia Pacific and chairperson of HSBC India last year, after a 13-year stint. She ......
News Roundup: Dr Reddy Up On Glaxo Stake Buy Rumors
ICICI Venture To Raise New Fund - ICICI Venture is floating a new fund of $500 million (Rs2,420 crore) fund which can go up by another $300 million. ICICI Bank is sponsoring the fund with 10% contribution and the fund has managed to raise Rs 1,000 crore in commitments already. ......
Gati Going For CDR North Of Rs 300Cr
Logistics firm Gati Ltd is looking to restructure debt worth over Rs 300 crore in a corporate debt restructuring (CDR) process, atleast two sources familiar with the development told VCCircle. Debt resolution firm Brescon Corporate Advisors, is advising the publicly listed express logistics company on the CDR exercise, sources add.Gati ......
News Roundup: Global funds line up to invest in L&T Infrastructure Development Projects
Global funds line up to invest in L&T Infrastructure Development Projects: Singapore's Temasek, Abu Dhabi-headquartered Mubadala Development Corporation, and Malaysia government's investment vehicle Khazanah have put in formal bids for investing in L&T Infrastructure Development Projects (L&T IDPL), the infrastructure development arm of engineering major Larsen & Toubro. (The Economic Times)Actis in ......
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