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HCL's Nadar inks deal to acquire education firm, values target at over 10x revenue

Consumer

08 October, 2024

HCL's Nadar inks deal to acquire education firm, values target at over 10x revenue

Billionaire Shiv Nadar, founder of IT services company HCL Technologies Ltd, has signed a deal to acquire an education services ......

HDFC Bank unit HDB Financial Services to raise $299 mn via IPO

Finance

20 September, 2024

HDFC Bank unit HDB Financial Services to raise $299 mn via IPO

India's HDB Financial Services, a unit of HDFC Bank HDBK.NS, has approved raising 25 billion rupees ($299 million) through a fresh issue of ......

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Grapevine: PhysicsWallah eyes fresh funding; Zepto, HDB Financial plan IPOs

General

09 September, 2024

Grapevine: PhysicsWallah eyes fresh funding; Zepto, HDB Financial plan IPOs

PhysicsWallah is close to finalising a $150 million (nearly Rs 1,260 crore) funding round, led by Asian hedge fund Hornbill Orchid, ......

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Grapevine: Multiples plans continuation fund; HDFC rejects subsidiary stake sale to MUFG

General

23 August, 2024

Grapevine: Multiples plans continuation fund; HDFC rejects subsidiary stake sale to MUFG

Indian private equity firm Multiples Alternative Asset Management is seeking over $300 million (about Rs 2,500 crore) in a secondary deal to ......

SBI plans to sell Yes Bank stake worth $2.2 bn by end-March

Finance

13 August, 2024

SBI plans to sell Yes Bank stake worth $2.2 bn by end-March

State Bank of India (SBI), the country's largest lender, aims to strike a deal by end-March for the sale of its 24% ......

India's weight on MSCI equity index rises to record high; $3 bn inflows likely

Markets

13 August, 2024

India's weight on MSCI equity index rises to record high; $3 bn inflows likely

India's weight on the MSCI Global Standard index, which tracks emerging market stocks, has risen to another record high, which ......

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HDFC AMC crosses halfway mark for maiden PE-VC fund of funds

Finance

05 August, 2024

HDFC AMC crosses halfway mark for maiden PE-VC fund of funds

HDFC Asset Management Company, the asset management arm of the consolidated banking entity HDFC Bank Ltd, has reached the halfway ......

Nifty 50 closes at new high, records longest weekly rising streak of 2024

Markets

05 July, 2024

Nifty 50 closes at new high, records longest weekly rising streak of 2024

India's Nifty 50 notched another record closing high on Friday and also its longest weekly rising streak for this year, ......

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Grapevine: ChrysCapital mulls GeBBS Healthcare sale; Carlyle taps 2 banks for Hexaware IPO

General

15 April, 2024

Grapevine: ChrysCapital mulls GeBBS Healthcare sale; Carlyle taps 2 banks for Hexaware IPO

ChrysCapital, India's largest domestic private equity firm, is planning to sell GeBBS Healthcare Solutions, a Los Angeles-based healthcare BPO company, ......

Metafin, five others raise early-stage funding from multiple VCs

General

07 February, 2024

Metafin, five others raise early-stage funding from multiple VCs

Financial services platforms Metafin and Cashinvoice along with healthtech startup Piscium, home care brand Koparo, deeptech startup Torus and refurbished smartphone ......