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  • BankBazaar.com raises Rs 375 crore in fresh funding round Jul 02, 2015 05:11 PM IST

    BankBazaar.com raises Rs 375 crore in fresh funding round

    Existing investors Sequoia Capital and Walden International also participated in the funding round. The funds will be primarily deployed towards technology integration, hiring and strengthening partner relationships, the company said in a statement.

  • TVS Motor to wind up European SPV Jul 02, 2015 09:28 AM IST

    TVS Motor to wind up European SPV

    "Considering the change in the evaluation, the company has now initiated steps to voluntarily wind up TVSM Europe, subject to regulatory approvals/consents as may be required, both under Indian/Foreign Laws", it said.

  • Shoppers Stop earmarks Rs 60 crore investment for tech push Jun 26, 2015 08:03 AM IST

    Shoppers Stop earmarks Rs 60 crore investment for tech push

    In the first phase, the company will focus on its departmental store format, Shoppers Stop, and will strengthen the online presence, offering better navigation and superior assortment, by the end of December.

  • Micromax invests in mobile travel search provider ixigo Jun 22, 2015 08:28 PM IST

    Micromax invests in mobile travel search provider ixigo

    Smartphone handset maker Micromax Informatics on Monday announced a "strategic investment" in ixigo, a mobile travel search and marketplace, as part of its ongoing investments of up to USD 20 million in over 20 startups in the coming year.

  • Carlyle Group commits up to $500 mn to Magna Energy Jun 22, 2015 09:56 AM IST

    Carlyle Group commits up to $500 mn to Magna Energy

    The buyout shop is making the investment through its unit Carlyle International Energy Partners, a fund that focuses on oil and gas exploration and production.

  • JP Morgan vice chairman Jimmy Lee dead: Company Jun 18, 2015 08:19 AM IST

    JP Morgan vice chairman Jimmy Lee dead: Company

    Vice Chairman Jimmy Lee unexpectedly died on Wednesday, the company said. He was 62.

  • Tata Sons, Telestra in discussions to hike stake in AirAsia Jun 17, 2015 08:04 PM IST

    Tata Sons, Telestra in discussions to hike stake in AirAsia

    The Tata Group and Telestra Tradeplace are in discussions regarding raising stake in the airline, AirAsia Group Chief Executive told in an interview to a private business news channel.

  • IFC invests  $35 mn in PFS' non-convertible debentures Jun 17, 2015 05:28 PM IST

    IFC invests $35 mn in PFS' non-convertible debentures

    PFS will use the funds to boost long-term financing for renewable energy, particularly in wind and solar projects, a company release said here. The investment will help generate an estimated 129 GWh of clean energy over five years, it said.

  • Vodafone India's $1.5 bn investment biggest in Apr-Feb FY15 Jun 15, 2015 07:24 PM IST

    Vodafone India's $1.5 bn investment biggest in Apr-Feb FY15

    As per the data available with Commerce and Industry Ministry for April-February period, Vodafone India's USD 1.5 billion investment in May 2014 was the biggest by any multinational company.

  • Startup listing norms soon; need to retain them: Sebi Jun 08, 2015 07:22 PM IST

    Startup listing norms soon; need to retain them: Sebi

    Asking technology startups founded by Indians to remain within the country, Sebi Chairman U K Sinha has promised an easier set of regulations for them to get listed and raise funds in the domestic stock market.

  • ICRA expects banks' bad loan ratio to rise in FY16 Jun 08, 2015 07:02 PM IST

    ICRA expects banks' bad loan ratio to rise in FY16

    ICRA, an associate of Moody's Investors Service, said it expected the lenders' gross non-performing loans as a percentage of total loans to be between 5.3 percent and 5.9 percent in the fiscal year 2015/16, compared with 4.4 percent as of March 2015.

  • Yes Bank to raise over Rs 16,000 cr through equity, bonds Jun 08, 2015 07:50 AM IST

    Yes Bank to raise over Rs 16,000 cr through equity, bonds

    Private sector lender YES Bank today said it will raise USD 1 billion (about Rs 6,400 crore) by fresh equity and Rs 10,000 crore through Non Convertible Debentures (NCDs) and bonds.

  • Sahara enters fray for its own Grosvenor hotel May 28, 2015 08:21 AM IST

    Sahara enters fray for its own Grosvenor hotel

    In an interesting turn of events,crisis hit Sahara has entered the fray for buying its own Grosvenor House hotel, which was put on sale by its lender Bank of China after a 'technical default'.

  • India ignored warnings on foreign investor tax row: Sources May 19, 2015 11:46 AM IST

    India ignored warnings on foreign investor tax row: Sources

    The Finance Ministry could have sidestepped a damaging multibillion-dollar tax row with foreign investors if it had acted on regular warning letters that officials had been sending since as long ago as September.

  • Religare Finvest to raise Rs 1,425 cr via NCDs May 15, 2015 08:55 AM IST

    Religare Finvest to raise Rs 1,425 cr via NCDs

    Non-banking finance company Religare Finvest Ltd (RFL) will launch the issue on May 18 and it can raise the amount in one or more tranches.

  • Monsanto India's Q4 net loss widens to Rs 8.25 crore May 15, 2015 08:08 AM IST

    Monsanto India's Q4 net loss widens to Rs 8.25 crore

    Net sales of the company in January-March period of 2014-15 declined to Rs 69.27 crore from Rs 74.91 crore in the same period in 2013-14, Monsanto India said in a BSE filing.

  • Housing.com founder gives away all his stakes to employees May 14, 2015 08:14 AM IST

    Housing.com founder gives away all his stakes to employees

    A week after withdrawing resignation, Housing.com Chief Executive Rahul Yadav today in a surprise move decided to allot all his personal holding in the company worth Rs 150-200 crore to the employees.

  • Reliance Jio raises $750mn loan to buy gears for 4G rollout May 13, 2015 11:33 AM IST

    Reliance Jio raises $750mn loan to buy gears for 4G rollout

    The loan is guaranteed by RIL and will be primarily used to finance goods and services procured from Samsung Electronics and Ace Technologies Corp, which are being sourced for the infrastructure rollout of RJIL," RJio said in a statement.

  • Punjab & Sind Bank posts Rs 70 cr loss for Q4 FY15 May 13, 2015 10:37 AM IST

    Punjab & Sind Bank posts Rs 70 cr loss for Q4 FY15

    The bank had a net profit of Rs 35.85 crore during the corresponding quarter of previous fiscal 2013-14. Total income during the last quarter of 2014-15 fell to Rs 2,234.90 crore, from Rs 2,258.05 crore in the year ago period.

  • India's small infra firms turn to market as banks lag May 12, 2015 01:36 PM IST

    India's small infra firms turn to market as banks lag

    India's smaller infrastructure firms are turning to share sales to fund new projects, cashing in on a boom in the country's stock market just as banks have scaled back on credit due to rising bad loans and slowing earnings growth.

  • industrybuying.com plans to raise up to USD 15 mn May 10, 2015 11:00 AM IST

    industrybuying.com plans to raise up to USD 15 mn

    SMEs are its primary customers. Business comes from electrical goods, power tools, materials, utilities, safety tools, office furniture segments.

  • Toppr.com raises $10 mn from Fidelity, SAIF, Helion May 07, 2015 11:03 AM IST

    Toppr.com raises $10 mn from Fidelity, SAIF, Helion

    At present, Toppr has over 1,70,000 students on its platform. Students practised over 2.5 million questions in April, the company said. Last month, Toppr.com acquired EasyPrep, another player in the online test preparation segment.

  • BPCL raises $500 mn to fund capital expenditure Apr 30, 2015 12:17 PM IST

    BPCL raises $500 mn to fund capital expenditure

    BPCL said that the notes will be listed on the Singapore Stock Exchange and the proceeds will be used for capital expenditures purposes. Shares of BPCL were trading at Rs 776.90 apiece, up 2.81 percent on the BSE.

  • Ola in fresh funding talks; can raise up to USD 400 mn Apr 10, 2015 06:13 PM IST

    Ola in fresh funding talks; can raise up to USD 400 mn

    Ola is locked in intense negotiations over the new round of funding as investors are closely "studying the firm's future plans," sources close to the development said.

  • Urban Ladder raises over Rs 300 cr funding Apr 09, 2015 04:37 PM IST

    Urban Ladder raises over Rs 300 cr funding

    Urban Ladder has raised USD 27 million from Kalaari Capital, SAIF Partners and Steadview Capital in the past three years. Besides, Tata Group Chairman Emeritus Ratan Tata had also made a personal investment in the company in November 2014, it said in a statement.

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