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India: IDFC, Shriram Group call off exclusive merger talks
Despite best efforts, IDFC Group and Shriram Group have not been able to reach common ground on mutually acceptable swap ratio.
Idea shareholders give nod for merging mobile biz with Vodafone India
Over 99% of Idea shareholders voted in favour of the merger at the shareholders’ meeting on 12 October.
Indian Energy Exchange IPO to open on 9 October
The New Delhi-based company filed draft papers with the Securities and Exchange Board of India (Sebi) on 20 June.
India: PE investments slump 13% to $6.3b in Q2
Private equity (PE) investments in India declined 13% by deal value to $6.3 billion in the second quarter compared with the preceding quarter.
India: Synup raises $6m from Vertex Ventures to fund expansion plans
Prime Venture Partners, a seed-stage venture fund based in Bengaluru, also invested in the round.
India: Cyient sells 49% stake in Infotech Aerospace to Pratt & Whitney
Cyient will receive $1.8 million after additional dividend distribution of $9.1 million.
Force Motors ties up with Rolls-Royce Power Systems to form Indian JV
Force Motors plans to build a dedicated facility under the joint venture at its existing premises at Chakan, Pune.
India: ICICI Lombard IPO to open on 15 September
The company said the offer includes a reservation of up to 4,312,359 shares of ICICI Lombard for ICICI Bank Ltd’s existing shareholders.
Nikesh Arora joins race to be Uber CEO post Kalanick’s ouster: Report
Arora was on course to become the next CEO of SoftBank.
India: Govt asks Amazon to separate food biz from flagship marketplace
Foreign firms are not allowed to sell products to consumers directly in India.
