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Ola picks advisors to ready for $1.5 billion IPO

TMT

31 August, 2021

Ola picks advisors to ready for $1.5 billion IPO

Softbank- and Tiger Global-backed ride hailing company, Ola Cabs, has hired investment banks and lawyers to start work on its ......

DBS, StanChart among potential bidders for Citi's Asia consumer business

Finance

20 April, 2021

DBS, StanChart among potential bidders for Citi's Asia consumer business

Banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), OCBC and Standard Chartered are set to bid for parts of ......

Grapevine: Macquarie to sell part of solar portfolio; Dream11 in talks with banks for US listing

General

19 April, 2021

Grapevine: Macquarie to sell part of solar portfolio; Dream11 in talks with banks for US listing

Macquarie Infrastructure and Real Assets is planning to sell around 450 megawatt of its solar power projects at an equity ......

Citigroup profit triples on reserve release, to exit some consumer units in Asia

Finance

15 April, 2021

Citigroup profit triples on reserve release, to exit some consumer units in Asia

Citigroup Inc trounced market estimates for first-quarter profit on Thursday as the third-largest U.S. lender released reserves set aside for ......

KKR-backed blank-cheque firm looks to raise $1 bn in IPO

Markets

05 February, 2021

KKR-backed blank-cheque firm looks to raise $1 bn in IPO

A blank-cheque company backed by private equity firm KKR & Co Inc is aiming to raise about $1 billion in ......

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Bankrupt firm, once backed by Citi fund, finds suitors in Ravi Jhunjhunwala, others

Manufacturing

03 February, 2021

Bankrupt firm, once backed by Citi fund, finds suitors in Ravi Jhunjhunwala, others

A bankrupt textile firm, previously backed by Citigroup fund, has found suitors including a group firm owned by Ravi Jhunjhunwala. CLC ......

Grapevine: RIL may buy Future retail biz for $3.6 bn; LIC shortlists bankers for pre-IPO

General

28 July, 2020

Grapevine: RIL may buy Future retail biz for $3.6 bn; LIC shortlists bankers for pre-IPO

Reliance Industries Ltd (RIL) may acquire Future Group’s retail business for up to Rs 27,000 crore ($3.6 billion), two people ......

Coronavirus pulls down global M&A to decade-low as companies keep their distance

Finance

30 June, 2020

Coronavirus pulls down global M&A to decade-low as companies keep their distance

Global M&A activity tumbled to its lowest level in more than a decade in the second quarter, according to data ......

Frustration, fear and family: lockdowns test investment bankers

Finance

25 June, 2020

Frustration, fear and family: lockdowns test investment bankers

Lockdowns are sharpening the knives in the cut-throat world of M&A banking. Stuck at home, armed only with a phone and ......

Global M&A dwindles as coronavirus batters world's economies

Finance

31 March, 2020

Global M&A dwindles as coronavirus batters world's economies

Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating ......