Cairn India raises $625 Mn via pref issue

Mumbai: Cairn India has raised Rs 2,534.6 crore ($625 million) through private placements of shares with Petronas and Orient Global Tamarind Fund. ...

Wednesday, 19 March 2008, 14:00 Hrs

Osian's sells 9.4 percent stake to PE firm

New Delhi: Osian's Connoisseurs of Art, a company founded by Neville Tuli, is selling approximately 9.4 percent stake to Abraaj Capital, Dubai base...

Wednesday, 19 March 2008, 14:08 Hrs

Luminus Devices closes $72 Mn Venture Capital Investment

Billerica: Luminus Devices, a developer and manufacturer of PhlatLight (Photonic Lattice) LED products for a wide variety of display and illuminati...

Wednesday, 19 March 2008, 14:00 Hrs

Adlabs to raise funds through foreign currency bonds

Mumbai: ADAG-promoted Adlabs Films Ltd has decided to raise $666,339 (Rs.27.13 million) through issuance of Zero Coupon Foreign Currency Convertibl...

Wednesday, 19 March 2008, 14:00 Hrs

Tata BP to raise $78 Mn for solar energy investments

Mumbai: Tata BP Solar, a joint venture between Tata Power and BP Solar, has signed an agreement with Calyon Bank (Credit Agricole CIB) and BNP Paribas to raise $78 million (Rs.3.1 billion) to fund its 128 MW solar cell expansion project. The project, located in Bangalore, is in an advanced stage of implementation, eventually totalling 180 MW ...

Five9 announces $12 Mn Financing

MokshaYug Access announces $2 Mn Funding

Indiabulls, Unitech put Singapore REIT IPOs on hold

Mumbai: Being cautious on volatile markets, Indian developers Indiabulls Real Estate and Unitech have put on hold their plans for initial public offers of their real estate investment trusts (REIT) in Singapore, officials said on Friday. Sources say that company's larger rival DLF might also delay its plans for a Singapore REIT listing. "O...

BPCL joint venture with U.S. company

Mumbai: BPCL would be forming a $29-million joint venture company with the U.S based Matrix Marine Fuels LLC primarily for expanding bunkering busi...

Zuora raises $6.5Mn in series A round

California: K.V. Rao cofounded Zuora, California based provider of SaaS for subscription management and billing, today announced that it received a...

IFC becomes strategic investor in Meghmani Finchem

Ahmedabad: For the first time while financing a project, World Bank affiliate International Finance (IFC) has decided to make an equity investment ...