In what is an important development for Indian language enabling of India’s Internet, Reliance Industries has acquired a majority stake in Reverie Language Technologies: RIL, India’s largest business conglomerate, has acquired an undisclosed majority stake for Rs 190 crores (around $27.3 million a c...

In a first, Singapore based Agritrade Resources has acquired SKS Power Generation (Chattisgarh) in a one-time settlement of Rs 21.70 billion with its lenders. This would be the first one-time settlement resolution of a power asset post-Reserve Bank of India’s February circular this year. — Business ...

Online classifieds company Quikr has acquired Chennai-based India Property, a full-stack real estate platform. YES Securities Investment Banking acted as the financial advisor for the deal while IndusLaw and S&R Associates were the legal advisors, the company said in a statement. — The Economic...

Metro Bikes, a rental start-up for scooters and motorcycles, has raised $12.2 million in a Series A funding round led by Sequoia Capital India and Accel Partners, which will help the start-up develop technologies and expand into newer markets. — Mint Link Legal India Law Services advised Wickedride ...

Kobe Steel has fully taken over L&T Kobelco Machinery (LTKM), which designs and manufactures machinery for producing car and construction equipment tires, including rubber mixers and twin screw roller head extruders. — Tiretechnologyinternational Link Legal India Law Services advised Larsen &#x...

Digital solutions firm Zensar Technologies said that it has entered into an agreement with Lorhan IT Services, a wholly-owned subsidiary of First Tek, to divest its Australia, the Middle East and India-based businesses. This is in line with the company’s decision to focus on and invest in the core m...

Axilor backs health-tech startup floated by Housejoy co-founder. Axilor Ventures, the startup accelerator and seed fund led by Infosys co-founders Kris Gopalakrishnan and SD Shibulal, has made [an investment in MedOps] — VCCircle Link Legal India Law Services advised MedOps Technology Private Limite...

New Lane Trading LLP made a minority co-investment in the share capital of FirstMeridian Business Services Private Limited, a staffing service provider, co-owned by Samara Capital, Goldman Sachs, and Janchor Partners, according to reports.

Action Construction Equipment Limited has approved the buyback of Rs 34.5 crores of its own shares, according to reports . Crawford Bayley & Co advised Action Construction Equipment Limited led by a team of partner Sanjay Buch and senior associate Rahul Aggarwal . 2019-05-16 Deal value: Rs. 34....

Advaita Legal lawyers Subodh Sadana and Ray Sharat Prasad - who were formerly partner and associate partner respectively at Seth Dua & Associates - have joined Khaitan & Khaitan as partners.

Beijing-based TAL Education Group, an education and technology enterprise, has invested $5 million (close to Rs 35 crore) in Vedantu, a live online tutoring company. — Business Standard Link Legal India Law services advised TAL Education Group led by a team of partner Manish Gupta ), senior associat...

RP-Sanjiv Group’s retail arm Spencer’s Retail has acquired Grodrej group’s premium food retailing venture, Natures Basket, for around Rs 300 crore in an all-cash deal. Nature’s Basket operates 36 stores in Mumbai, Pune and Bengaluru. Nature’s Basket is a wholly-owned subsidiary of Godrej Industries....

Wong was a founding partner of Hong Kong-based venture capital firm Cyber Carrier, which has invested about $30 million in several Indian startups including KrazyBee. — The Economic Times Link Legal India Law services advised Cyber Carrier led by a team of partner Jyoti Maheshwari ; partner Santosh ...

Mahindra Partners, the investment arm of automobiles-to-information technology conglomerate Mahindra Group, has invested Rs 206.5 crore in specialty eye care chain Centre for Sight, with the transaction also giving Matrix Partners a complete exit from its decade-long investment in the company. — The...

Foodpanda, the online food ordering and delivery startup owned by Ola, has acquired Mumbai-based, food-tech startup Holachef Hospitality Pvt. Ltd for an undisclosed sum, the company said in a statement … Mint had on 2 August reported that Foodpanda was in advanced talks to buy Holachef, which had sh...

HCL Technologies vice president and head legal, Vineet Vij , has joined Tech Mahindra as its global general counsel, reported Legal Era . Vij will be managing Tech Mahindra’s global legal operations, having joined on 29 April. He had been at HCL for nearly 12 years, before which he was heading compl...

Mumbai-based online marketplace for pre-owned cars Truebil has raised a fresh investment of Rs 100 core ($14 million at current exchange rates) in a mix of equity and debt, a company statement said. — VCCircle Samvad Partners advised Paix Technology Private Limited ( Truebil ) led by a team of partn...

Private equity fund Zephyr Peacock India Growth Fund has led a ₹55 crore funding round in Shiksha Finance, a Chennai-based education finance company, said a senior executive. — Mint Samvad Partners advised Shiksha Financial Services India Private Limited led by a team of partner Natasha Mahajan ; as...

Business-to-business platform for custom manufacturing – Zetwerk – has raised $9 million in a Series A round from Accel Partners while existing investors Sequoia Capital and Kae Capital also participated. — Entrackr Samvad Partners advised Zetwerk Manufacturing Businesses Private Limited led by a te...

Women-centric social network Healofy on Wednesday said it has raised $8 million (about Rs 55 crore) from China’s maternity and child-focused community platform BabyTree Group, BAce Capital, a fund anchored by Ant Financial Services Group, and existing investor Omidyar Network India. — Hindu Business...