Tatas emerge as winning bidder for Air India Tata Sons Ltd, the group holding company that controls Jaguar Land Rover and owns a majority stake in AirAsia India, submitted a bid for Air India earlier this month

India Inc is hiring from places where they have no offices Hiring from locations other than the cities where companies have offices has shot up to 35% from just about 5% in the pre-pandemic times, showed a recent survey by recruitment firm CIEL HR Services, shared exclusively with ET.

Morgan Stanley and Interactive Brokers face federal scrutiny in Venezuela probe US trading giants and financial advisers handled more than $100 million in suspicious money; a whistleblower complaint brought increased attention

Alteria raises ₹ 1,800 cr for venture debt fund The entire corpus of second fund has been raised from domestic investors.Alteria has already drawn down 35% of the second fund’s corpus to deploy in many deals

MEIL plans ₹ 20,000-cr debt to fund acquisition of PSUs The company is keen on picking up stakes in BEML, NINL and Shipping Corp. of India.MEIL has said that the proposed acquisitions are in line with its expansion plans

Future Retail moratorium ends; banks to meet Future Retail's lenders will meet soon to take stock of the company’s repayment plans after a 19-month moratorium ended on Thursday, although a decision on referring the retailer to a bankruptcy tribunal would be taken later in case of a default, a banker said

Tribunal orders Zee to announce EGM by Sunday Board members of Zee to inform shareholders of their decision today

Ola Electric raises over $200 million Ola Electric plans to use the capital to develop other EV platforms such as e-motorcycles, mass-market scooters and an electric car

IITian is the youngest self-made individual in Hurun India Rich List 2021 1,007 individuals across 119 cities have ₹1,000 crore on the IIFL Wealth Hurun India Rich List 2021

Jyoti Deshpande appointed CEO of Viacom18 Deshpande will help bring synergies across all of Reliance’s media interests and investments and further equip the company to drive significant growth opportunities as the industry embraces digital transformation

BharatPe turns towards loyalty-based QR The ‘Pay’ feature launched on Bharatpe's subsidiary PAYBACK India's mobile app will help users make payments through unified payments interface-based quick response codes, while earning and redeeming their loyalty points at even small merchant outlets

'Wow': Paytm founder as another unicorn founder shares success story Meesho raised $570 million in fresh funding led by Fidelity Investments and Facebook co-founder Eduardo Saverin’s B Capital

BP leads $25 mn Series A round in EV ride-hailing and charging startup BluSmart It is BP Ventures' first direct investment in India

Tech Mahindra, DSCI partner to boost cyber security innovation in India The partnership is expected to provide an opportunity for startups to co-innovate and co-create business concepts and solutions with Tech Mahindra for key customers globally

NSDL shareholders approve appointment of Padmaja Chunduru as CEO As on 31 August, the total value of securities held in the NSDL system was ₹287.38 trillion ($3.94 trillion). This accounts for over 89% of all securities dematerialised in the country

Portea secures $7.7 mn in loan from US International Development Finance The loan will be used to support rapid expansion of Portea Medical’s business through digitalization, broadening service offerings, increasing geographical coverage and developing delivery channels for home-based healthcare

Sportswear brand FILA makes Diljit Dosanjh face of motorsports collection In a new ad campaign for FILA, Dosanjh will be seen sporting its existing motorsport collection with a line of apparel and footwear

Upskilling platform Cusmat raises $100,000 from We Founder Circle, others The company is planning to utilise the fresh funds in scaling enterprise sales team, developing Product Training Content, and developing industry driven features for the platform. 

Adani Green Energy to acquire Essel Green’s 40 MW Odisha solar project France’s Total has invested $2.5 billion for acquiring a 50% stake in 2.35GW operating solar assets of Adani Green Energy and a 20% stake in the company. The Adani-Total JV plans to commission 25GW by 2025

Adani Green signs pact with Essel Green to acquire solar asset in Odisha Adani Green's arm has inked pact with Essel Green Energy to acquire a 40 MW operating solar project in Odisha

Meesho raises $570 million, valuation doubles to $4.9 billion Existing investors Prosus Ventures, SoftBank Vision Fund 2 and Facebook also participated in this round. Some of the other new investors include Footpath Ventures, Trifecta Capital and Good Capital.

IIFL Private Equity hits big returns with $50 mn CAMS exit IIFL Private Equity has completely exited its investment in mutual fund transfer agency Computer Age Management Services Ltd (CAMS) for $50 million ( ₹353 crore), having invested in the company just an year ago, said a person aware of the development

InnoVen Capital hits first close of ₹ 740 cr for maiden Indian venture debt fund The fund has a target corpus of ₹1,000 crore with a greenshoe option to raise an additional ₹1,000 crore

Oyo in legal spat with rival Zostel ahead of $1.2-billion IPO Oyo is looking to raise between $1 billion and $1.2 billion through a new share issue and an offer for sale from existing shareholders

Apple treasurer, keeper of $200 bn money pile, retires after 35 years Gary Wipfler’s retirement caps a career that spanned several CEOs -- even predating Steve Jobs’s return to the company in 1997, when Apple was famously on the brink of bankruptcy

Paytm to induct KPMG partner Rajendra Nalam in senior leadership Nalam is expected to join the company next month to overlook Paytm’s newer initiatives, special projects, joint ventures and acquisition strategy, both persons confirmed on condition of anonymity

Cloud kitchens mushroom as pandemic shifts demand India’s ₹4.2 trillion restaurant industry, battered by the coronavirus pandemic, is aggressively launching cloud kitchen brands to home-deliver burgers, biryani, pizzas and other popular food

Piramal  Group  sets big goals  for merged entity post buy Ajay Piramal-led Piramal Group, which has completed the acquisition of Dewan Housing Finance Corp

Reliance Industries defends Aramco chief joining its board Reliance Industries denies any link between the appointment and talks to sell stake in business.RIL had appointed Aramco chairman Yasir Al-Rumayyan as an independent director

Sebi unhappy with Baba Ramdev’s viral stock sermon Ramdev’s guarantee to his followers that anyone who invests in Ruchi Soya shares will become a crorepati is a serious breach of norms

AstraZeneca, Tricog launch project for early diagnosis of heart attacks This project addresses the unmet need for early diagnosis and intervention for patients with suspected heart attack by enabling cloud-based artificial intelligence supported interpretation of electrocardiograms, routing patients to the nearest c…

Walton Street BlackSoil Fund II invests ₹ 110 crore in Chennai, Hyderabad housing projects Since 2013, and prior to the launch of WSBREDF-II, Walton Street India and BlackSoil have jointly placed over ₹1,500 crores of debt capital across fifty real estate transactions

FY22 is about clients budgeting for digital transformation: Mphasis' Brar FY21 has been a breakthrough year for Mphasis, as it currently has a market capitalization of over $8 billion, Brar said.

PayU Finance names Piyush Gupta as chief data scientist Piyush Gupta will lead the data science and artificial intelligence teams for PayU Finance to drive financial inclusion for the under-served and under-banked customers

Exotel raises $35 million in Series C funding Exotel will use part of the fundraise to finance its recent merger with call center cloud software provider Ameyo.

MFine raises $48 million in Series C fundraise Four-year old MFine is an on-demand healthcare platform which provides users access to virtual consultations with doctors via chat or video formats. The app allows users to book routine lab tests, medicine delivery, access comprehensive health packages

Northern Arc Capital raises ₹ 100 crore debt from Sumitomo Mitsui Banking Northern Arc Capital will use the proceeds to cater to the credit demands of small enterprises and agri-businesses

Piramal Group completes DHFL acquisition in total consideration of ₹ 34,250 crore Piramal Group said that the company has discharged the consideration to the creditors of DHFL

Supertech moves Supreme Court, proposes demolition of only one tower On August 31, the Supreme Court ordered the demolition of the twin 40-storey towers of Supertech’s Emerald Court project in Noida for violation of building by-laws

Godrej Properties signs large redevelopment project in Mumbai Godrej Properties has multiple project launches coming up this year across cities. It has also been steadily acquiring projects to expand its portfolio, which is dominated by residential developments

Netflix buys its first game studio with purchase of Night School Netflix Inc., which has made video games a priority for expansion, acquired its first game developer with the purchase of Night School Studio

Big tech companies amass property holdings during Covid-19 pandemic Google, Amazon and Facebook acquire offices and retail space, helping prop up commercial real-estate markets

Infosys to enter into MoUs with Karnataka govt to help achieve NEP objective Karnataka minister informed that the MoUs would help the Karanataka government utilise 'Infosys Springboard', comprising of over 3,000 skill development courses for college students

Elon Musk says Joe Biden administration is ‘biased’ against Tesla Tesla chief Elon Musk, who spoke Tuesday at the Code Conference in Beverly Hills, California, said Biden administration is ‘not the friendliest’ and is controlled by unions

Evergrande bondholders mull next steps in wake of missed payment Foreign investors in Chinese property giant’s debt face challenge of navigating an uncertain, complicated international restructuring

KKR’s Virescent Renewable Energy Trust raises $62 million VRET raised the amount from a group of foreign and domestic investors, led by AIMco.Canadian funds have been placing significant India bets and represent the so-called patient capital, which seeks modest yields over time

‘Our investors’ exposure to single borrowers is limited to 1%’ ‘12% Club’ has been launched in partnerships with RBI-registered P2P NBFCs (non-banking financial companies). The P2P offering will allow individual customers to invest and earn up to 12% interest through the 12% Club app, says Suhail Sameer, CEO of Bhar…

Supply issues surface as demand grows for pvt jets Most leasing firms, especially in the US and Europe, are apprehensive about leasing their aircraft to Indian non-scheduled carriers and want huge financial securities for such leases after their experiences with Indian companies defaulting on lease rentals in the pa…

Future Group gets NCLT nod to meet on sale of biz to RIL A Mumbai bench of NCLT comprising Suchitra Kanuparthi and Chandra Bhan Singh also dismissed an intervention application filed by e-commerce company Amazon, listed Future group companies said in identical regulatory filings.