How the world’s largest private equity deal in oil and gas industry collapsed
Blame it on Trump, Iran or Venezuela. Rising oil prices combined with a heavy debt load killed the world’s biggest private equity oil and gas industry deal last week.Harbour Energy left Australia empty-handed after a year of chasing gas producer Santos Ltd, missing out on Santos’ stakes in three liquefied ......
Publicis buys out-of-home agency Ecosys in first India M&A in four years
Publicis Media, part of French advertising and communications giant Publicis Groupe, has acquired Mumbai-based digital out-of-home agency Ecosys OOH Advertising Pvt. Ltd for an undisclosed amount.Publicis Media India CEO Anupriya Acharya said in a press release the company has grown significantly in the out-of-home advertising category over the past few ......
New CEO has his task cut out as Wipro just about meets Q3 growth estimates
IT service major Wipro’s CEO-designate Abid Neemuchwala plans delegation of more power to his leadership team, diversity in human resources and a prompt response to customers besides revamping the key project execution function. “We will be more empowered on the frontline, faster in responding to our customers and employees. We ......
Unicorn India Ventures, Recruit Group back accounting automation firm Open Financial
Bengaluru-based Open, which automates collections and payouts for small businesses, said it has raised pre-Series A funds in a round led by Unicorn India Ventures and Japan’s Recruit Group.Existing investors ISME-ACE (fin-tech accelerator programme) and Vaibhav Domkundwar’s BetterCapital AngelList syndicate also participated in the round.The proceeds raised will be used ......
Kalaari leads Series A round in micro-delivery grocery startup Milkbasket
Gurgaon-based Aaidea Solutions Pvt. Ltd, which runs micro-delivery grocery startup Milkbasket, has raised $7 million (Rs 47 crore) in a Series A funding round led by early-stage investment firm Kalaari Capital, a company statement said.Singapore’s BeeNext and existing investors Unilever Ventures and Blume Ventures also participated in the round, the ......
1Crowd leads investment round in urban logistics services startup Mojro
Urban logistics services firm Mojro has raised $650,000 (Rs 4.23 crore) in its pre-Series A round led by equity crowdfunding platform 1Crowd.In a press release, the two-year-old startup said the round also saw participation of others including Tamil Nadu-based diversified business group Naga Limited.The technology platform of Bengaluru-based Mojro helps ......
SEBI strengthens corporate governance norms, asks big firms to split titles
The Securities and Exchange Board of India (SEBI) has approved an industry panel’s recommendations on the role and composition of the board of directors in listed companies as part of measures to improve corporate governance standards.The steps, to be implemented in a phased manner, include reducing the number of director-level ......
Syngene names AstraZeneca’s Jonathan Hunt CEO
Syngene International Ltd, the research and development unit of biopharmaceutical firm Biocon Ltd, said on Monday it has appointed Jonathan Hunt as CEO.Hunt will take charge after Peter Bains retires from the post in March, Syngene said in a stock market disclosure. Hunt is currently president at AstraZeneca Plc Austria.Bains, ......
Peepul Capital co-founder cleared in Satyam Computer insider trading case
Chintalapati Srinivasa Raju, a co-founder of private equity firm Peepul Capital, has been acquitted by the Supreme Court in an insider trading case, according to media reports.The Economic Times reported that the Supreme Court has set aside an order of the capital markets regulator Securities and Exchange Board of India ......
IFC-backed Aadhar Housing Finance firming up plans for IPO
Aadhar Housing Finance Ltd, which counts International Finance Corp. as one of its backers, is firming up plans for an initial public offering (IPO) this financial year, three people aware of the matter told VCCircle. IFC is the private-sector investment arm of the World Bank.Aadhar, a subsidiary of financial services ......
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