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Vodafone, Idea pay $1.05b to India’s DoT for merger
The telecom department gave conditional approval for the Vodafone-Idea merger and asked the companies to meet the demand raised for taking the deal on
India: HDFC Mutual Fund, six others to hit the markets seeking to raise $2b
The seven IPOs are aimed at funding business expansion, working capital requirements and repayment of loans. They will also provide partial exits to
India: Cash-strapped Fortis board to consider fundraising on Friday
IHH Healthcare Ltd has emerged as top bidder for Fortis.
India sees fundraising via IPOs double to $3.4b in first half of 2018
The outlook is bullish for the rest of the year as well, with 50 companies—including HDFC Mutual Fund, Lodha Developers and Rail Vikas Nigam—expec
RIL to buy US-based Radisys to accelerate Reliance Jio’s 5G, IoT push
The acquisition is aimed at accelerating Reliance Jio’s innovation and technology position in the areas of 5G, IoT and open source architecture adop
Singapore’s DBS Bank to launch India subsidiary in October
With the launch of its India arm, DBS will become the second foreign bank in the country to convert its local operations into a wholly-owned entity.
ADNOC partners Saudi Aramco to buy 50% stake in India’s Ratnagiri refinery
Saudi Aramco and ADNOC will together hold 50% stake.
India: RITES IPO subscribed over 60 times on last day of issue
The price band of IPO has been fixed at Rs 180-185 per share.
Sunteck to acquire beleaguered Orbit Corp’s property in Mumbai’s Malabar Hills
This is a major relief for the promoters of beleaguered Orbit Corp., who were facing attachment of properties and a travel ban by the Bombay high cour
Indian technology startups record $9.4b in investments in Jan-Sep 2017
E-commerce continues to draw the most funding with $2.66 billion; fintech firms stood a distant second with just $151 million.