Tata Steel in Orissa joint venture to set up power plant
Tata Steel and its wholly-owned subsidiary, Rawmet Ferrous Industries Ltd, will collaborate with vehicle dealer Jasper Industries to set up a power plant in Orissa, it wa...
RBI allows in six more foreign VC funds
Partly driven by slowdown fears and drying inflows, the Reserve Bank of India (RBI) has allowed a string of foreign venture capital funds to invest in the country.
Wipro buys out Motorola stake
Wipro Technologies announced that it will buy stake in Motorola for WMNNetServ, a managed network services firm floated in 2006 for managing tele-communication networks a...
SatNav gets $7 Mn from Sequoia
Amit Prasad founded Satnav Technologies raised $7 million funding from Sequoia Capital. The new funding will be utilized for scaling up its products and services.
Citi to close hedge fund founded by Pandit
Citigroup has decided to close a hedge fund that its chief executive Vikram Pandit co-founded, and which the banking behemoth bought for more than $800 million.
Peacock, GMT agree to majority buyout of Bigpoint
The Peacock Equity Fund and NBC Universal, together with GMT Communications Partners (GMT) has announced a definitive agreement for the majority buyout of Bigpoint.
ClickFox raises $12.5 Mn in latest funding
ClickFox a provider of Customer Experience Analytics solutions, has announced that it has raised an additional $12.5 million in its latest round of funding.
With $1 Bn corpus, PremjiInvest plays VC, PE, stockmarket game
Wipro's investment firm has been operating since 2006, funded around 40 publicly listed and private companies out of a corpus of $1 billion.
CMS likely to tap PE funding
The privately-held CMS group, which is focusing on IT and IT-related areas, is considering a fund infusion through the strategic or private equity route.
Russia's Sollers and Italy's Fiat to establish joint venture
Russian automaker Sollers, previously known as Severstal-Avto, and Italy's Fiat Group will set up a joint venture to produce C class cars, a Sollers spokesman said Saturd...