Morgan Stanley and Birla Sun Life are among the houses that have emerged as buyers for Hero MotoCorp shares that were offloaded by Bain Capital.
US-based cab aggregator, Uber, valued at $53 billion, is looking at more than 50 per cent market share in India by the first quarter of 2016. Uber country head Amit Jain told Nivedita Mookerji in an interview that the next round of investment is expected
When the Indian team toured Pakistan in 2004, it was not only an emotionally charged series but a major money-spinner for their cricket board.
The Aditya Birla Group's cement company, UltraTech, is in talks to take over the cement units of the Anil Ambani-owned Reliance Infrastructure.
Taiwanese smartphone major HTC is venturing into the sub-Rs 10,000 price segment in India, thanks to stiff competition from Chinese counterparts in the smartphone market.
Future growth of the country's largest car maker, Maruti Suzuki India, is dependent on its upcoming Gujarat factory. However, the proposal has to be approved by the minority shareholders and proxy advisory firm IiAS is advising a 'No' vote.
App-based taxi aggregator Ola on Thursday announced the appointment of Rajiv Bansal (pictured) as its chief financial officer (CFO).
Housing.com, the Mumbai-based technology start-up, might be set to undertake another round of lay-offs, sources said. The company, which had staff strength of about 2,500 in March, has been consistently making its wage bill leaner.
GOQii, a virtual fitness coaching platform, on Thursday announced it has closed $13.4 million (Rs 88 crore) in Series-A funding.
Fastudent, an education e-commerce start-up, has raised a round of seed investment from a group of marquee angel investors, led by Ashish Gupta, founder and trustee at Ashoka University.The company did not disclose the amount raised.
Stelae Technologies, a software product company with operations in Chennai and Bangalore, announced a pre-series A funding with Earlsfield Capital, UK. Saha Fund, former Infosys veteran Mohandas Pai and Cross Border Angels also participated in this round.
Pluss, an on-demand medicine and healthcare products delivery service start-up, has raised $1 million in pre-Series A funding from IDG Ventures India, m & s partners (Singapore) and Powerhouse Ventures (USA).
The Reserve Bank of India (RBI) said on Thursday it would allow foreign portfolio investors (FPIs) to invest in bonds that are in default, partly or fully, if the residual maturity is at least three years.
LexisNexis Risk Solutions, a provider of information that aims to help customers across sectors predict, manage and assess risks, has launched a new data platform, LexisNexis Intelligence Exchange, to go live from January for insurers.
The Reserve Bank of India (RBI)’s banking ombudsman has recorded a 11.2 per cent uptick in complaints by banking customers in 2014-15. The regulator said it received 85,131 complaints in the last financial year compared with 76,573 a year ago.
Idea Cellular stunned the telecommunications sector earlier this week by agreeing to pay Rs 3,310 crore to Videocon Telecommunications for the right to use spectrum in the 1800 MHz band in Gujarat and Uttar Pradesh West (2x5 MHz contiguous blocks of 1800
SBI Card & Payments Services, the third largest player in the credit card segment, has invited applications for finding a new partner as GE Capital is set to exit the space.
Indian banks are stable but there will be challenges ahead for state-owned banks given weak core capitalisation and slow earnings recovery, Fitch said on Thursday.
Godrej Properties, the property development arm of Godrej Group, on Thursday launched its 35-acre flagship project in Vikhroli in Mumbai, which houses its headquarters and other group companies.
India is on track to surpass half a billion mobile subscribers by the end of the year, according to a new GSMA study.