Sector: All Sectors
TPG and ADQ invest Rs 7,500 crore into Tata’s EV business. FOMO setting in.
Tata Motors (TML) does a start-up kind of fund raising and announces $1 bn of investments from TPG and ADQ (of Abu Dhabi) in it’s EV business. Key points to note – The investment values the EV business at $9.1 bn post money. Funds will come in two tranches – 50% by March 2022 and … Read more
Reliance had proposed to acquire Zee in February 2021. Invesco was trying to facilitate.
Recently there has been a lot of tussle going on in between Zee Entertainment and Invesco (it’s largest shareholder with 17.88% stake). It started with Invesco requesting for an EGM to seek a major management reshuffle in mid September 2021, effectively taking the company out of promoter’s control. As Zee chose to ignore the request, … Read more
Online shopping will thrive, but malls are here to stay: M.A. Yusuff Ali
Abu Dhabi-based Lulu Group International has opened a shopping mall in Bengaluru after the pandemic somewhat delayed its mall development pipeline in India. Global Malls, an 800,000 sq. ft property in Rajajinagar, opened on Monday and is spread across 14 acres. The mall has a 200,000 sq. ft Lulu Hypermarket and a 60,000 sq. ft … Read more
What is satellite internet and what it means for you
Elon Musk is already providing it. Jeff Bezos is also in line to launch it. And there are other players as well. Bharti Airtel has also thrown its hat in the ring. This means that it is a big and serious business. The ‘it’ here is satellite internet. Musk’s Starlink has already launched its satellite … Read more
14-page pitch deck that bagged the e-commerce unicorn Mirakl $555 million from investors like Silver Lake
Mirakl just raised a $555 million Series E led by Silver Lake. The startup builds tech tools that help retailers build third-party marketplaces. The funding round, valuing Mirakl at $3.5 billion, came a year after its $300 million Series D. The e-commerce explosion during the COVID-19 pandemic has resulted in retailers big and small rethinking … Read more
Coal Shortage in India: Amit Shah meets power, coal minister
Home minister Amit Shah met power minister RK Singh and coal minister Pralhad Joshi on Monday to discuss the coal situation in the country amid reports of shortage. According to news agency ANI, officials from National Thermal Power Corporation (NTPC), power and coal ministry are also present in the meeting. According to reports, over half … Read more
Reliance commits Rs 9000+ crore towards solar business. Invests into two complementing businesses.
Reliance sprung another surprise on October 10, 2021 (Sunday) when it announced two strategic investments into it’s newly identified focus area – Solar Power. In the afternoon – 100% acquisition of REC Solar Holdings for an enterprise value of $771 million (Rs 5,800 crore) from China National Bluestar (Group) Co Ltd; and In the evening … Read more