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Temasek, United Overseas Bank to infuse $200 mn in Innoven Capital

Innoven Capital is a pioneer in venture debt and market leader in India

At $26.3 bn, PE investment in India in 2018 was second-highest in a decade

Fundraising across Asia-Pacific slowed down, with China tightening rules for PE investment, but India-focused dry powder remained healthy at $11.1 billion

Inox revenue up 48% at Rs 479 crore in Q4, profit after tax at Rs 44 crore

Ebitda grew 122% to Rs 97 crore in Q4 year-on-year

Corporate aid pours in for cyclone-hit Odisha; ICICI Bank, Adani chip in

SAIL has announced supply of 1,500 steel beams for electric poles

HDFC Bank board plans to consider stock split on May 22; shares fall 1.7%

Stock split is a tool used by corporates to boost liquidity of their shares

IOB to raise Rs 850 cr selling non-core assets and investments this fiscal

The Bank is currently exploring stake sales in joint venture and other entities to help it raise over Rs 445 crore

Healthcare sector M&A deals up 155% in FY19, valued at Rs 7,615-cr: ICRA

Fortis Healthcare, Max Healthcare acquisitions account for 83 per cent of the total value of M&A deals

This Mother's day, Miracle Foundation to help children reunite with parents

Every year, the Foundation invites donors to make tax-deductible donations to honour their mothers

A day after Cyclone Fani, most of coastal Odisha goes without electricity

Ports at Gopalpur and Dhamra resumed commercial operations after cyclone Fani crossed the Odisha coast

Odisha witness 66% voter turnout in fourth phase of Lok Sabha polls

With today's voting, the simultaneous polls for 21 Lok Sabha constituencies and 147 assembly segments in the state came to a conclusion

IT firm Atos opens new office in Tirunelveli, to seat 2,300 engineers

The company is into Cloud, Cybersecurity and High-Performance Computing offerings, and provides end-to-end Orchestrated Hybrid Cloud, Big Data and more

2,350-kg Chinese drugs worth Rs 1.5 crore seized in Chennai raid

These bulk drugs were sold to formulation makers as if they had been legally registered

TVS Motor picks up minority stake in IoT firm Altizon, invests over $2.5-mn

Altizon helps companies use machine data to drive business decisions

Cholamandalam Investment and Finance net profit up by 2.3%

The total income grew by 29.5 per cent to Rs 1885.34 crore

Carr Lane enters into JV with Chennai firm to produce aerospace components

The new 70:30 JV will start commercial production within three months

SBI General's profit before tax rises 11% to Rs 470 crore in Q4

A senior SBI executive also confirmed that groundwork is being done for taking company public in Q3 and Q4 of FY20

Hero MotoCorp Q4 net profit tanks 24% to Rs 730 crore on weak sales

Hero sold 1.781 million units in January-March quarter 2019, lower from 2 million units sold in corresponding period last financial year

LVB to raise Rs 188 crore from Indiabulls Housing Finance

Shareholders of LVB will get 14 shares of IBHF for every 100 equity shares held in the bank during the merger between the Bank and IHFL

Dr Reddy's recalls anti-seizure drug in the US market

According to information posted on the US Food and Drug Administration(USFDA), the company initiated a voluntary recall of Divalproex 100-count and 500-count bottles, totaling 33,958 bottles on April

Piramal in talks to sell stake in Shriram group companies: Report

The news reports of the proposed sale comes at a time when Shriram Transport failed to get any lenders in the syndication for its bond issue last week