LafargeHolcim to sell Lafarge India to Nirma for $1.4 bn
LafargeHolcim Ltd said on Monday it has agreed to sell Lafarge India Pvt Ltd to Nirma Ltd for $1.4 billion (Rs 9,400 crore) including debt, in a deal that will complete the India leg of the global merger of French cement giant Lafarge and Swiss building materials group Holcim. The proceeds ......
Meet Pune’s top & emerging entrepreneurs at VCCircle’s Pune Investment Forum on August 23
Pune is currently India’s eighth largest metropolitan city with its economy growing in a multi-dimensional fashion and its emerging enterprises catering to the India growth story. It is one of the most attractive destinations for companies from manufacturing, engineering and IT services sectors who have firmly parked themselves in the ......
AppsDaily raises $2 mn in bridge round from Kalaari, others
Mobile app development and distribution company AppsDaily Solutions Pvt. Ltd has raised $2 million (around Rs 13.5 crore) in a bridge round of funding, regulatory filings show.The Mumbai-based company received funding from existing investors Kalaari Capital, Qualcomm Ventures, Russian venture capital fund ru-Net and Zodius Technology Opportunities Fund, shows information ......
Nikesh Arora’s India deals that SoftBank investors are seeking probe into
A group of SoftBank shareholders has demanded an internal probe into the actions of company president and COO Nikesh Arora for alleged conflict of interest and poor business decisions and has also asked for his "possible dismissal".Among the deals highlighted by stakeholders are some of the investments made by Arora ......
Online drug marketplace 1mg buys labs aggregator Medd.in
Online drug marketplace 1mg has acquired Medd.in, a platform that operates a marketplace to book diagnostic and imaging tests, for an undisclosed amount. “Together with Medd, we see a unique opportunity to amplify our leadership position and enter new geographies as well as the radiology segment,” said Prashant Tandon, CEO at ......
TPG, Bain Investment In Lilliput Brings Spotlight Back On Niche Retail
It was clearly a sign of coming of age for the premium kidswear sector when private equity majors TPG Growth and Bain Capital placed their bets and $86-million capital in Lilliput Kidswear. Though not a bulge-bracket transaction, this investment could be seen as a signal for deals to come in fashion ......
Happiest Minds breaks even in FY16; plans takeovers to boost growth
Software services provider Happiest Minds Technologies Pvt. Ltd is looking for acquisitions to accelerate growth after breaking even in the year through March 2016 for the first time since its inception in late 2011, founder Ashok Soota said.Soota didn’t share details of the company’s profit but said revenue grew 27% ......
Flipkart taught me to take risks and think big: Ankit Nagori
After Sachin Bansal, co-founder and executive chairman, and Binny Bansal, co-founder and CEO of Flipkart, Ankit Nagori's was perhaps the most well-known face at the e-commerce company. Starting off in 2010 as a 24-year-old manager at India's hottest consumer internet company, Nagori rose to become chief business officer in 2015.Along ......
Info Edge infuses $740K more in HappilyUnmarried.com
Info Edge (India) Ltd, which runs a slew of consumer Internet properties such as hiring portal Naukri and real estate website 99acres, has infused Rs 5 crore ($740,000) more into Delhi-based Happily Unmarried Marketing Pvt Ltd, the company behind HappilyUnmarried.com.With this infusion, Info Edge’s total investment in Happily Unmarried is ......
Airtel, Vodafone to benefit as ministerial panel fixes usage fee for new spectrum at 5%
The Empowered Group of Ministers on telecommunications, headed by Finance Minister P Chidambaram, on Monday decided a spectrum usage charge (SUC) of 5 per cent of the annual gross revenue on all new 2G airwaves to be acquired in the auction. The SUC will be computed using weighted average method ......
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