US-based private equity group Blackstone bought a further 2.79% stake in Mumbai, India-based commodity bourse Multi Commodity Exchange (MCX) from foreign fund house Merrill Lynch, bringing its total holding to 4.99%.
Tags: Times of India
Uber ties up with Times Internet for India expansion
Uber Technologies Inc, the online ride-hailing company, has entered into a "strategic partnership" with India's Times Internet, as it looks to expand operations in its largest market outside the United States.
Indian bus ticketing startup Ticketgoose secures INR24 Series B capital via crowdfunding
Chennai, India-based online bus ticketing startup Ticketgoose secured INR24 crore in its Series B round via American crowdfunding platform Indventure to build its brand and marketing campaign.
London news startup Oximity bags seed money from angel investors
London, UK-based user-generated news startup Oximity bagged an undisclosed amount of seed money from angel investors Ronnie Screwvala and K Ganesh to provide direct sources of global news in 180 languages.
India's FTIL to sell commodity handling unit for INR242 crore amid fraud investigations
Mumbai, India-based financial services firm Financial Technologies (FTIL) will sell its commodity handling unit National Bulk Handling Corp (NBHC) for INR242 crore as the company goes through an investigation related to fraud allegations.
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Australian construction firm Leighton, is buyout out Welspun Group's 40% stake in the company in a $100-million deal (INR62 crore), according to a person directly familiar with the matter.
Blackstone Group, the second biggest realty firm in India, may soon replace DLF as the top real estate developer with its series of acquisitions in the country.
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