Investment bank Moelis & Co files to go public to raise $100 million

07 Mar 2014

New York-based global independent investment bank Moelis & Co has filed to go public in the US to raise around $100 million and has appointed Morgan Stanley and Goldman Sachs to manage the IPO process. After a road-show in March, the company is expected to go public in April.

Genpact to buy back shares worth $300 million

07 Mar 2014

Genpact, the country's largest BPO, will purchase shares worth up to $300 million through a modified ‘Dutch auction' tender offer that it expects to start from Thursday, the company disclosed.

Ramky Infrastructure looks at selling road assets to pare debt

03 Mar 2014

Hyderabad-based infrastructure company Ramky Infrastructure is looking to raise funds by selling its operational road assets so as to bring down its mounting debt. It is learnt to have a consolidated debt of around Rs 2,100 crore.

Tech Mahindra to acquire BASF's third party IT solutions arm

03 Mar 2014

Tech Mahindra Ltd has signed an agreement to acquire German chemicals giant BASF's IT solutions arm which deals with third-party clients for an undisclosed amount, as per a stock market disclosure.

Blackstone-backed FTIL appoints committee to sell 24 percent in MCX, find strategic partner

03 Mar 2014

Financial Technologies India Ltd (FTIL) has appointed a committee to see through a restructuring process which includes sale of 24 per cent stake in MCX as also divestment of other assets besides roping in a strategic investor in the company, as per a stock market disclosure. Its stake in MCX is currently valued over $100 million.

Piccadily Agro buys 89 percent stake in wine maker Nirvana Biosys

26 Feb 2014

Delhi-based Piccadily Agro Industries, which is into sugar and distillery business, has acquired 89 per cent equity stake in wine maker Nirvana Biosys (P) Ltd for an undisclosed sum, according to a disclosure on BSE.

IFC to back Olympus Capital's $300 million Asian cleantech PE fund

26 Feb 2014

International Finance Corporation (IFC), the private sector investment arm of World Bank, is backing Asia Environmental Partners II, LP a fund managed by Olympus Capital to invest in various Asian markets including India, with an LP commitment.

Kinetic sells 7 percent stake in Mahindra Two Wheelers to Samena Capital for $29 million

26 Feb 2014

Kinetic Engineering Ltd (KEL) has exited from its two-wheeler JV by selling its remaining stake in Mahindra Two Wheelers Ltd (MTWL) to Samena Capital for Rs 182.1 crore, as per a stock market disclosure.

Real-time cab booking app TaxiPixi secures funding

24 Feb 2014

Delhi-based On Time Technologies Pvt Ltd, which offers a radio cab booking app TaxiPixi, has raised an undisclosed amount in funding from Hyderabad-based mobile phones maker Celkon Mobiles. The capital will be used to expand its operations across tier II and tier III cities in India, and also to Malaysia.

MCX plans to sell stake in three ventures including MCX-SX and Dubai commex

24 Feb 2014

India's largest commodity exchange Multi Commodity Exchange of India Ltd or MCX, promoted by Financial Technologies India Ltd (FTIL, is looking to dilute its stake in Dubai Gold & Commodities Exchange, MCX Stock Exchange and MCX-SX Clearing Corporation. The company has invited bids to appoint investment advisors to offload the stake.

World News

Hong Kong protest moves peacefully to mob-attack subway

A major bank warned on Wednesday that weeks of protests in Hong Kong could hit the economies of the Chinese-ruled city and mainland China itself as hundreds of demonstrators held a sit-in at the subway site of a midsummer mob attack.