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Steel pipe maker MAN Industries buys Saudi firm for $102 mn

New Delhi, May 22 -- Mumbai-listed MAN Industries (India) Ltd, which manufactures large-diameter steel pipes, has acquired Saudi Arabia-based National Pipe Company Ltd (NPC) for $102 million (about Rs... Read More


Greater Pacific Capital names Nandan Desai sole India head as co-head leaves

New Delhi, May 22 -- Greater Pacific Capital (GPC), the UK-based private equity firm, has overhauled its leadership in India, with Nandan Desai taking over as the head of the India business. Desai, w... Read More


Insurance Essentials for Vehicles After CNG/LPG Conversion

New Delhi, May 22 -- India's focus on sustainable and cleaner energy sources has led to a significant shift among vehicle owners towards CNG and LPG vehicles. These alternative fuel vehicles are not o... Read More


Senior executive exits alternative asset manager HQ Capital

New Delhi, May 22 -- A senior executive at HQ Capital, a global independent alternative investment manager, has quit the firm after nearly a decade, at least two people familiar with the development t... Read More


Grapevine: Reliance Jio, Purvah Green, Inox, Hexa, Greencell, Peak XV in news

New Delhi, May 21 -- Reliance Industries Ltd has slowed preparations for the planned initial public offering of Jio Platforms while Purvah Green, Inox Clean Energy and Hexa Climate have submitted bind... Read More


Sadev Ventures ropes in Snabbit senior exec as co-founder, partner

New Delhi, May 21 -- Sadev Ventures, the early-stage venture capital firm founded by former BharatPe chief operating officer Dhruv Dhanraj Bahl, has appointed former Snabbit and CRED executive Ishan K... Read More


Adani Ports acquires Jaypee Fertilizers unit; Hexaware snaps up UK consulting firm

New Delhi, May 21 -- Adani Ports and Special Economic Zone Ltd (APSEZ) has signed a deal to acquire Jaypee Fertilizers & Industries Ltd (JFIL) as part of the broader resolution plan for bankrupt Jaipr... Read More


Lightspeed-backed Centricity in talks for fresh funding, plans NBFC foray

New Delhi, May 21 -- Centricity Wealth Tech Pvt Ltd, a wealth management company backed by venture capital firm Lightspeed India Partners and some family offices, is in active discussions with multipl... Read More


Drone maker Garuda Aerospace in talks to raise pre-IPO round

New Delhi, May 21 -- Drone technology company Garuda Aerospace Ltd, which last month filed draft papers through the confidential route for an initial public offering, is in the process of raising a pr... Read More


CPPIB's direct India exposure shrinks after three straight years of growth

New Delhi, May 21 -- Canada Pension Plan Investment Board (CPP Investments, or CPPIB), which had grown to become one of the largest foreign investors in India having committed more than $20 billion ac... Read More