News in brief2018-09-21T14:45:16+00:00

News in Brief

China’s Fosun RZ Capital backs PerkFinance

Bengaluru-based online platform PerkFinance, which facilitates loans through its lending partners to blue-collar workers, has raised $900,000 (Rs 6.5 crore) in a seed round from China’s Fosun RZ Capital and [...]

Escorts in JV with Kubota Corporation

Indian engineering and farm equipment maker Escorts formed a joint venture (JV) with Japan's Kubota Corporation to produce high-end tractors for domestic as well as export geographies. The joint-venture company [...]

Google buys travel app Where Is My Train

Google has acquired Sigmoid Labs Pvt Ltd, a Bengaluru-based start-up that owns travel app Where Is My Train. Announcing the acquisition on its website, Sigmoid Labs said: “We created the [...]

Petronet eyeing US LNG deal

Indian gas importer Petronet LNG is looking to sign a deal in a year's time to buy at least 1 million tonnes of US natural gas annually for a period [...]

Cerberus Capital to set up India office

Global private equity and distress assets investor Cerberus Capital is set to enter India as it seeks to tap the mounting opportunities in domestic stress assets space. Cerberus is in [...]

Berkshire Hathaway eyes Kotak Bank stake

Berkshire Hathaway Inc. is in discussions to purchase a 10 per cent stake in Kotak Mahindra Bank. The deal, through which Berkshire may buy promoter stake or get fresh shares, may be valued [...]

Amdocs eyes tie-ups with Indian content firms

Amdocs, which specialises in providing software and solutions to the communications and media industry, is exploring tie-ups with content providers in India, in line with its global media strategy. Globally, [...]

Sonata Software to acquire Australian firm

Bengaluru-headquartered Sonata Software has agreed to acquire Brisbane, Australia-based Scalable Data Systems Pty. Ltd for an enterprise value up to A$5.5 million ($4 million or Rs 28 crore) in an [...]

HCL Technologies to acquire IBM assets

Armonk-headquartered tech giant IBM said that it was selling off select software businesses to Noida-headquartered IT services firm HCL Technologies for $1.8 billion (around Rs 12,800 crore). HCL Technologies said [...]

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