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Tata Group's Nelco bets on satellite communications firm Elveo Mobile

New Delhi, Aug. 17 -- Mumbai-listed Nelco, the satellite communications arm of the Tata Group, has invested $20 million (Rs 191 crore) in Elveo Mobile, a recently launched direct-to-device mobile conn... Read More


Tata Capital Healthcare Fund, Swiss impact investor bet on Tenet Diagnostics

New Delhi, Aug. 17 -- Tenet Diagnostics announced on Monday that it secured funding in a round led by healthcare-focussed private equity firm Tata Capital Healthcare Fund, as the diagnostics chain exp... Read More


Accel, Bessemer reaping multibagger returns from decade-old India bet

New Delhi, Aug. 17 -- The Indian arms of American venture capital firms Accel and Bessemer Venture Partners are harvesting multibagger returns from a common India portfolio company they first backed m... Read More


How Hospital Billing Format Can Affect Your Health Insurance Claim

New Delhi, Aug. 17 -- Hospital billing format plays an important role in how a health insurance claim is reviewed. A clear, itemised bill helps the insurer understand the treatment given, the services... Read More


Pahal Financial in talks to acquire PE-backed troubled NBFC

New Delhi, Aug. 17 -- Pahal Financial Services Pvt Ltd, a microfinance-focussed non-bank lender backed by impact investors such as GAWA Capital and Proparco, is close to acquiring a troubled non-bank ... Read More


SEBI mulls allowing companies to settle fund diversion, accounting violations

New Delhi, Aug. 17 -- Companies may soon be able to settle violations related to siphoning off of funds and misrepresentation of their financial statements, if they bring back the money so diverted an... Read More


Grapevine: Sembcorp Green Infra, Quest Global, Yotta, Style Union in news

New Delhi, Aug. 17 -- Sembcorp's India unit, Quest Global, and Yotta Data Services are preparing to go public while retailer Style Union is in talks with investors for a fundraise, according to variou... Read More


KKR-backed Advanta to acquire Egypt-based seed company

New Delhi, Aug. 17 -- KKR-backed global seeds platform Advanta Enterprises is set to acquire Egypt-based seed company Misr Hytech Seed International for about $110 million (Rs 1,051 crore), as it look... Read More


Keertana Finserv raises $24 mn in maiden external funding round

New Delhi, Aug. 17 -- Keertana Finserv, has raised Rs 230 crore (around $24 million) from asset management firm Neo Wealth Partners in its first external equity funding round. The Hyderabad-headquart... Read More


Deals Digest: PE-VC activity slows even as deal value remains strong

New Delhi, Aug. 14 -- Private equity and venture capital investment activity slowed this week, although a few large-ticket transactions helped push the overall deal value past the $2-billion mark, acc... Read More