Home services marketplace HELPI gets angel investment
Home services startup HELPI, run by Handy Online Solutions Pvt Ltd, has raised an undisclosed amount of angel investment from a group of IIT alumni and investment bankers based in the US.“The current round was raised to build the product, team and test the hypothesis of time-based pricing and on-demand ......
Belgium’s Agfa Healthcare buys into health-tech startup MphRx
Belgium-based Agfa HealthCare has picked up a 27 per cent stake in US health-tech startup My Personal Health Record Express Inc (MphRx) for an undisclosed amount.The deal is part of efforts to move into the integrated care market, Agfa said in a statement."The combined technologies, expertise and people of both companies ......
Kellton Tech acquires US-based Bokanyi Consulting
Hyderabad-based IT consulting and software services firm Kellton Tech Solutions Ltd said on Wednesday it has acquired US-based enterprise, cloud and analytics services provider Bokanyi Consulting for an undisclosed amount.The acquisition has been funded entirely through internal accruals, Kellton said in a stock market disclosure.The deal will help Kellton strengthen ......
Coffee Day Enterprises in JV with WMF to make coffee vending machines
Coffee Day Enterprises Ltd, which runs India's top coffee chain under the Cafe Coffee Day (CCD) brand among other businesses, has floated a joint venture to manufacture coffee vending machines in Chikkamagaluru, in partnership with German automatic coffee machine manufacturer WMF.The two companies had announced the plans for setting up ......
Sensex posts first weekly gain of 2016
The benchmark BSE Sensex surged over 401 points on Friday to log its first weekly gain this year and closed at 24,870.69 as investors built fresh long positions in the new derivatives series amid a firming global trend after Bank of Japan adopted a negative interest rate policy.On a weekly ......
Precision Camshafts’ IPO oversubscribed 92%
The public issue of Precision Camshafts Ltd sailed through comfortably on the final day with over-subscription of 92 per cent at the close of the issue on Friday, data collated by the stock exchanges showed.Qualified institutional buyers, who stayed away from the issue till the end of second day of ......
AIA to up stake in insurance JV with Tata to 49%
Hong Kong-based insurer AIA Group Ltd has agreed to increase its stake in its joint venture with Tata Sons Ltd, in yet another transaction in the Indian insurance sector after the government allowed higher overseas investment in the industry.AIA will raise its holding in Tata AIA Life Insurance Company to ......
ITC rejigs top deck roles in hotel business
Diversified congomerate ITC Ltd has reshuffled the portfolios of some top executives in its hotel business in a move being seen as part of a succession planning process. The company has elevated Dipak Haksar, currently chief operating officer of its hotel business, as CEO of the unit, according to information available ......
Television news broadcast business “has tough days ahead”
In a wide-ranging and candid conversation, Star India CEO Uday Shankar, a key figure in the global entertainment and television giant, 21st Century Fox, addressed several questions swirling around Star’s strategy, its sports leagues, future plans, monetisation and profitability.The Indian government recently raised foreign direct investment (FDI) in news broadcasting ......
Recap 2015: Who were the busiest I-bankers
The Indian economy and stock markets may have gone through a choppy year but investment bankers had a busy 2015 as private equity and strategic acquirers signed a deal every three-and-a-half hours and the primary market window opened a tad wider.Preliminary data collated by VCCEdge, the research platform of VCCircle, ......
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