New Delhi, Jan 31 (PTI) Reliance Brands Ltd (RBL) on Monday announced forming a 60:40 joint venture with Rahul Mishra brand RM, which will create and own a new brand that would encompass courtier's ready to wear business. The new brand would grow both vertically and horizontally in the fields of accessories, footwear, home, beauty, [...]
New Delhi, Jan 31 (PTI) Software-as-a-service firm FarEye on Monday announced a buyback programme worth USD 1.22 million for employee stock ownership plan (ESOP) holders. This liquidation comes on the back of a USD 739,000 ESOP liquidation that the company offered in December 2020 to reward its employees. "Our people are our greatest asset and [...]
Mumbai, Jan 31 (PTI) Debt restructuring and turnaround specialist Brescon & Allied Partners is looking to launch an alternative investment fund (AIF) with a corpus of USD 250-300 million and is in initial discussions with domestic and global investors to raise the money. Mumbai-based Brescon, founded by former investment banker Nirmal Gangwal, claims to be [...]
Telecom operator Bharti Airtel on Monday announced an agreement to acquire about 25 per cent equity stake in Bengaluru-based technology startup Lavelle Networks. Further, ASM Technologies, a global technology engineering and product development services provider, has done a follow on investment in Lavelle Networks. In a statement on Monday, Airtel announced the acquisition of about [...]
Mumbai, Jan 31 (PTI) Agritech solutions start-up Kisanwala on Monday said it has raised around USD 1 million in an angel round funding, led by veterans from the tech and agri industries. This funding round will be used towards building the tech to provide holistic one-stop solutions for the agriculture ecosystem and building the flagship [...]
Mumbai, Jan 31 (PTI) Financial services firm Avendus Capital has acquired the institutional equities business of Chennai-based brokerage Spark Capital as part of expanding its capital markets offerings to institutional equities, for an undisclosed sum. Spark's institutional equities franchise is run by an 80-member team, serving over 400 institutional clients for the past 15 years. [...]
Infibeam Avenues Ltd (IAL) on Monday posted an 89 per cent jump in its net profit to Rs 24 crore for the December 2021 quarter, and announced a bonus share issue for shareholders. The company, which had reported a net profit of Rs 13 crore in the year-ago period, has also announced the acquisition of [...]
New Delhi, Jan 31 (PTI) In its second acquisition of a PSU in recent weeks, Tata group firm beat the likes of Jindal Stel and JSW Steel to snap loss-making Odisha-based Neelachal Ispat Nigam Ltd (NINL) for Rs 12,100 crore. In a statement, the finance ministry said Tata Steel Long Products Ltd's (TSLP) bid of [...]
New Delhi, Jan 31 (PTI) Adani Total Gas Ltd (ATGL), the joint venture between Adani Group and TotalEnergies of France, on Monday said it will invest Rs 20,000 crore in setting up city gas infrastructure across the country over the next 8 years, with 60 per cent of the money going into the 14 licences [...]
New Delhi, Jan 31 (PTI) The government on Monday said it has approved sale of loss-making Neelachal Ispat Nigam Ltd (NINL) to Tata Steel Long Products Ltd for Rs 12,100 crore. NINL is a joint venture of four CPSEs, namely MMTC, NMDC, BHEL, MECON and two Odisha Government PSUs, namely OMC and IPICOL. NINL has [...]
