News in Brief

ExxonMobil Corp., the world’s most valuable energy company, may shortly form a partnership with state-owned GAIL (India) Ltd to set up a green energy platform in India. The US oil [...]

Morgan Stanley India Infrastructure (MSII) has committed an investment of about $20 million (Rs 145 crore) in Manipal Health Enterprise, the healthcare arm of Manipal Education and Medical Group, for [...]

Grofers India Pvt. Ltd has raised $200 million (Rs 1,406 crore) in a new funding round led by SoftBank Vision Fund, marking a turnaround in its fortunes three years after [...]

Chinese handset maker Xiaomi is set to install its own vending machines for smartphones and accessories in major Indian cities. The latest move comes as the company works on ways [...]

India’s top digital payments firm Paytm launched a credit card with Citigroup, widening its financial product base while giving its banking partner an opportunity to vastly expand its credit card [...]

Ford Motor Co is likely to make an additional investment of as much as $1 billion in Indian operations over five to seven years as it restructures or exits key [...]

Tiger Global Management is in talks to invest up to $80-90 million in industrial goods marketplace Moglix and $20-30 million in online stock brokerage Upstox, as the New York-based firm [...]

Japan’s largest ink manufacturer by revenue DIC Corporation has acquired Maharashtra-based resins manufacturer Ideal Chemi Plast Pvt Ltd in an undisclosed amount. Founded in 2004, Ideal Chemi Plast manufactures and [...]

Telecom and media conglomerate SoftBank’s venture capital arm, which had recently launched a $500-million fund, is scouting for early-stage investments in Asia, with India as a major focus. The South [...]