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Deals

The lender has set the reserve price (on cash basis) at Rs 95 crore for the sale process.

PNB to sell National Steel & Agro Industries to recover dues of Rs 200 cr

Nov 28, 2021

The National Steel and Agro Industries Ltd has a balance outstanding of Rs 199.90 crore to the bank.

Induction of GSAT-7C satellite and ground hubs for software-defined radios [SDRs] will enhance the ability of our armed forces to communicate beyond Line of Sight among one another in all circumstances in a secure mode.

Defence Ministry approves procurement of equipment worth Rs 2,236 cr.

Nov 24, 2021

The decision to clear the procurement was taken at a meeting of the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh.

CoreStack aims to utilise the funding to continue its rapid pace of growth and innovation, while also making strategic headway with expansion into new markets.

CoreStack closes $30 million funding round led by Avatar Growth Capital

Nov 23, 2021

Avatar Growth Capital Managing Director Abhay Havaldar will join CoreStack's board of directors on completion of legal formalties, the start-up said.

The credit cards will be available for Equitas Small Finance Bank's customers to provide facilities of the banking ecosystem

Equitas Small Finance Bank, HDFC Bank to offer co-branded credit cards 

Nov 23, 2021

The credit card is available in two categories. The first category is the 'Excite Credit Card', which offers a credit limit from Rs 25,000 to Rs 2,00,000, and the second category is the 'Elegance Credit Card', which provides a credit of over Rs 2,00,000.

Bengaluru-headquartered HCG primarily focuses on oncology, while Suchirayu owns a multi-speciality hospital in Hubli with an operational capacity of 110 beds and a potential to scale up to 250 beds.

HCG acquires majority stake in Suchirayu HealthCare Solutions 

Nov 22, 2021

HCG has operated and maintained Suchirayu's hospital since August 2017 and had the right to increase its stake up to 80 per cent in July 2022, the company said.

MTAC chairman and CEO Sajan Pillai said that he believes firmly in a fintech movement globally as most of the unicorns created around the world have been in the fintech and artificial intelligence categories in the last 5 years

McLaren Technology Acquisition Corp looks to acquire an Indian fintech firm

Nov 22, 2021

US-based McLaren Technology Acquisition Corp is looking to acquire a significant stake in an Indian fintech firm preferably having valuation in the range of $500 million-$2 billion

The airport handled more than 10 million passengers in 2018. The project includes the operation, development and expansion of the airport over 25 years.

GMR wins bid for development, operation of Indonesia's Kualanamu International Airport

Nov 18, 2021

The company will enter into a 49:51 partnership with AP2 for this project. Its statement says that the consortium "will transform Kualanamu International Airport into a western international hub of Indonesia."

The coronavirus-driven shift to remote work has increased the usage of cloud-based services, driving up demand for data centers that help power the digital infrastructure.

KKR, Global Infrastructure Partners to take CyrusOne private for $11.5 bn

Nov 16, 2021

KKR and GIP will pay $90.50 for each CyrusOne share as per the deal announced on Monday, representing a 5.9% premium to the company's last closing price

The eleven elevated stations include Madipakkam, Killkattalai, Echangadu, Kamaraj Garden Street, Elcot, Global Hospital, Perumbakkum, Vellakkal, Medavakkam Koot Road, Kovilambakkam and Medavakkam Junction

Hindustan Construction Company-KEC JV bags Rs 1,309 crore Chennai Metro Rail contract

Nov 15, 2021

This is the second order that the HCC-KEC Consortium has secured for Chennai Metro.

Livspace is a digital-first intermediation platform that offers end-to-end solutions for home interiors, design and installation.

Saint-Gobain acquires minority stake in Livspace

Nov 10, 2021

With this acquisition, Saint-Gobain is focusing on the rapidly growing residential markets in India and South-East Asia.

For Oracle, the tie-up marks the opportunity to sell cloud services to Airtel's more than a million India enterprise customers.

Oracle partners with Airtel data centre unit to expand cloud business

Nov 10, 2021

The partnership with Airtel Nxtra will help Oracle, which runs a cloud region in the financial capital of Mumbai and another in the southern tech hub of Hyderabad, expand the capacity of its India West region.