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Rama Steel Tubes buys UAE-based conglomerate for $80 mn

New Delhi, Dec. 12 -- New Delhi-based Rama Steel Tubes Limited has agreed to buy Abu Dhabi-based Automech Group Holding Limited for AED 296 million ($80.6 million). The deal, which is a mix of cash a... Read More


Proxy advisory firm IiAS asks IndiGo to review board structure, improve transparency

New Delhi, Dec. 12 -- Institutional Investor Advisory Services (IiAS), a proxy advisory firm, has said IndiGo must review its board structure after its failure to meet new government rules led to the ... Read More


BYT Capital rolls out maiden deeptech VC fund

New Delhi, Dec. 11 -- BYT Capital has floated a Rs 180 crore (around $20 million) early-stage venture capital fund to back deeptech and frontier engineering startups, with over half the corpus already... Read More


Tata Consultancy to acquire US firm Coastal Cloud for $700 mn

New Delhi, Dec. 11 -- Tata Consultancy Services Ltd has agreed to acquire US-based AI-advisory and services company Coastal Cloud Holdings LLC and its subsidiaries in an all-cash deal at an enterprise... Read More


Edelweiss Alts' infra fund taking highways InvIT public via $148-mn IPO

New Delhi, Dec. 11 -- An infrastructure fund managed by the alternative investment arm of the Mumbai-based Edelweiss Group is floating the initial public offering of an infrastructure investment trust... Read More


Fireside Ventures-backed healthtech firm Inito bags $29 mn in Series B

New Delhi, Dec. 11 -- Fireside Ventures-backed at-home diagnostics firm Inito has raised fresh capital to expand its offerings beyond fertility and build a broader at-home hormone and health diagnosti... Read More


Soleos Solar Energy, Toffee Coffee Roasters pocket early-stage cheques

New Delhi, Dec. 11 -- Engineering procurement construction (EPC) provider Soleos Solar Energy and direct-to-consumer coffee brand Toffee Coffee Roasters have raised early-stage funding. Soleos Solar ... Read More


Soleos, Toffee Coffee Roasters pocket early-stage cheques, Mamaearth enters new segment

New Delhi, Dec. 11 -- Engineering procurement construction (EPC) provider Soleos Solar Energy and direct-to-consumer coffee brand Toffee Coffee Roasters have raised early-stage funding, while Mamaeart... Read More


Vivek Oberoi's BNW Developments rolls out real estate fund

New Delhi, Dec. 11 -- BNW Developments, a Dubai-based real estate developer co-founded by actor Vivek Oberoi, has partnered with United Arab Emirates-based business-growth and investment firm Enlighte... Read More


IAN Group closes $100 mn second fund, largest to date

New Delhi, Dec. 10 -- Early-stage investment platform IAN Group (formerly Indian Angel Network) has closed its second venture capital vehicle, the IAN Alpha Fund, at $100 million (around Rs 898.5 cror... Read More