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Tata wins bid to take over troubled state-run Air India

Infrastructure

08 October, 2021

Tata wins bid to take over troubled state-run Air India

Tata Sons has been selected as the winning bidder to take over state-run carrier Air India, the government said on ......

India to list LIC by current fiscal year end, says govt official

Finance

11 August, 2021

India to list LIC by current fiscal year end, says govt official

The Indian government expects to list state-owned Life Insurance Corp (LIC) by the end of the current fiscal year, and ......

After Cairn, Devas sues Air India to recover $1.5 bn award

Finance

29 June, 2021

After Cairn, Devas sues Air India to recover $1.5 bn award

Shareholders in Devas Multimedia have sued Air India in an effort to recover sums Devas won in arbitration awards against ......

Grapevine: Tata group pulls ahead of SpiceJet promoter in race for Air India; Hexaware on block

General

30 April, 2021

Grapevine: Tata group pulls ahead of SpiceJet promoter in race for Air India; Hexaware on block

Tata Sons has quoted a price higher than SpiceJet promoter Ajay Singh for Air India in a preliminary bidding round, ......

Grapevine: Byju's to raise money for shopping; MobiKwik raises pre-IPO round

General

26 March, 2021

Grapevine: Byju's to raise money for shopping; MobiKwik raises pre-IPO round

Byju’s is looking to raise up to $600 million (Rs 4,345 crore) at a valuation of up to $14 billion ......

Grapevine: Govt mulls Bhel stake sale; Blackstone closes in on Embassy Industrial Parks

General

08 February, 2021

Grapevine: Govt mulls Bhel stake sale; Blackstone closes in on Embassy Industrial Parks

The Union government may consider Bharat Heavy Electricals Ltd (Bhel), Mecon Ltd and Andrew Yule and Co. Ltd among candidates ......

Grapevine: Carlyle eyes stake in Indegene; Phable gets funds; SIA to skip Air India

General

29 January, 2021

Grapevine: Carlyle eyes stake in Indegene; Phable gets funds; SIA to skip Air India

Global private equity fund Carlyle is looking to acquire a significant minority stake in Indegene Lifesystems, a healthcare IT firm ......

Govt invites initial bids for 26% stake in state-run BEML

Manufacturing

04 January, 2021

Govt invites initial bids for 26% stake in state-run BEML

India has invited initial bids from private firms for a 26% stake in state-owned defence and engineering company BEML Ltd, ......

Govt eyes asset sales to partly fund higher spending next year

Economy

30 December, 2020

Govt eyes asset sales to partly fund higher spending next year

India is likely to spend more next fiscal year than this year's budgeted $415 billion and prioritise infrastructure projects, relying ......

Grapevine: Yuri Milner to invest in Rupeek; Interups backs out of Air India race

General

30 December, 2020

Grapevine: Yuri Milner to invest in Rupeek; Interups backs out of Air India race

Yuri Milner, the billionaire chief of global technology fund DST Global, is in advanced discussions to back gold-loans startup Rupeek, ......