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...
Subhiksha plans $100-125 Mn fund raising through IPO
Discount retail chain Subhiksha Trading Services intends to bring in Rs 400-500 crore ($100-125 million) through an Initial Public Offering (IPO) in 6-8 months to fund i...
SBI forms JV with French bank to provide custodial services
The country's largest commercial bank State Bank of India (SBI) has inked a joint venture (JV) agreement with French financial services firm Societe Generale Securities S...
Indiabulls extends Singapore IPO by one day
Indiabulls Real Estate, which is planning to raise up to S$389 million in an initial public offering (IPO) in Singapore, has extended closing of the issue by one day.