Anuradha Verma
Consumer
ITC to foray into beverages, dairy business
Diversified business house known for its cigarettes and fast moving consumer goods (FMCG) products ITC Ltd is looking foray into ......
Manufacturing
ICVL to acquire Rio Tinto's coal assets in Mozambique for $50M
International Coal Ventures Pvt Ltd (ICVL), which was set up in 2009 by five Indian state-run metal and mineral firms ......
Manufacturing
Distressed asset investor WL Ross eyes more investment in textile sector in India
US-based distressed assets-focused private investment firm WL Ross & Co, which owns 94 per cent equity holding in Delhi-based fabric ......
General
Apax Partners picking 8% in Cholamandalam Investment & Finance for $83.2M
Global private equity firm Apax Partners is investing Rs 500 crore (around $83.2 million) in non-banking finance company Cholamandalam Investment ......
General
SBI plans share sale in insurance, asset management units
India’s largest lender State Bank of India is mulling to sell stakes in its insurance and asset management units to ......
General
RBI cancels registration of six NBFCs including a GE Capital arm
The Reserve Bank of India has cancelled the certificates of registration of six Delhi-based non-banking financial companies, including GE Strategic ......
Manufacturing
Sintex buys out French plastic products maker Groupe Simonin for $24.2M
Gujarat-based plastic products maker, known for its water tanks, Sintex Industries Ltd has acquired 100 per cent equity stake in ......
TMT
KSS to divest 26% stake in K Sera Sera Miniplex
Mumbai-based KSS Ltd, formerly known as K Sera Sera Limited, has decided to sell a significant minority stake in its ......
TMT
RCom's submarine cable arm Global Cloud Xchange raises $350M via bond sale overseas
Anil Ambani-led Reliance Communications Ltd’s submarine cable subsidiary Global Cloud Xchange has raised $350 million through five-year bonds in the ......
General
IMF maintains 5.4% growth forecast for India, cuts projection for emerging markets
The International Monetary Fund (IMF) has maintained its 5.4 per cent economic growth projection for Indian economy for the ongoing ......