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Adani Group stocks plunge after US indictments

General

21 November, 2024

Adani Group stocks plunge after US indictments

Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after U.S. prosecutors ......

Former CDPQ India head, Gautam Adani, others charged in US bribery case

Finance

21 November, 2024

Former CDPQ India head, Gautam Adani, others charged in US bribery case

Three former executives of Canadian pension fund CDPQ, including a former India head, have been indicted along with Indian billionaire ......

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Grapevine: TPG may lead edtech firm's funding; Advent mulls Manjushree monetisation

General

26 August, 2024

Grapevine: TPG may lead edtech firm's funding; Advent mulls Manjushree monetisation

Eruditus, an Indian edtech startup, is nearing a $150 million funding round led by TPG, a media report said.  This would ......

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Grapevine: Zetwerk in funding talks with CapitalG; power majors eye Sinnar Thermal

General

15 July, 2024

Grapevine: Zetwerk in funding talks with CapitalG; power majors eye Sinnar Thermal

Zetwerk, an Indian unicorn specialising in contract manufacturing of capital and consumer goods, is in talks to raise funds from CapitalG, ......

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Grapevine: KKR plans RE Sustainability split; Tata Sons may invest $1 bn in Tata Digital

General

09 February, 2024

Grapevine: KKR plans RE Sustainability split; Tata Sons may invest $1 bn in Tata Digital

Private equity firm KKR & Co plans to restructure waste management firm RE Sustainability Ltd and divest its industrial waste ......

Jindal Power bids $1.68 bn for distressed power plant

Infrastructure

07 February, 2024

Jindal Power bids $1.68 bn for distressed power plant

Jindal Power, a unit of India's Jindal Steel & Power Ltd, has submitted a 140 billion rupees ($1.69 billion) bid ......

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Grapevine: Bharti may sell life insurance unit; Captain Fresh seeks funding

General

23 January, 2024

Grapevine: Bharti may sell life insurance unit; Captain Fresh seeks funding

Billionaire Sunil Mittal-led Bharti Group is in advanced negotiations with SBI Life and other insurers to divest its wholly owned ......

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Grapevine: KKR may buy into BookMyShow; Medikabazaar seeks PE funding

General

17 January, 2024

Grapevine: KKR may buy into BookMyShow; Medikabazaar seeks PE funding

Private equity firm KKR is in advanced talks to invest in BookMyShow, an entertainment ticketing platform backed by Reliance Industries ......

Jindal Power proposes to top Adani's $494-mn bid for thermal power plant

Infrastructure

12 January, 2024

Jindal Power proposes to top Adani's $494-mn bid for thermal power plant

Jindal Power has proposed to top a bid by Adani Power, led by billionaire Gautam Adani, for a thermal power ......

GQG Partners buys 8.1% stake in Adani Power for $1.1 bn

Infrastructure

16 August, 2023

GQG Partners buys 8.1% stake in Adani Power for $1.1 bn

Investment firm GQG Partners bought an 8.1% stake in India's Adani Power for $1.1 billion via block deals on Wednesday, ......