March 2007
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Mobifusion Secures $3 Million In Series A Funding

Mobifusion, Inc., a global developer, publisher and distributor of mobile applications and technologies, has announced that it closed $3.1 million in Series A financing in 2006 from Emergic Ventures, Ingram Digital Group, Global Asia Partners and a major telecom company … […]

BILT to invest $1-billion in Malaysian acquisition

India`s largest paper manufacturer, Ballarpur Industries Ltd (BILT), plans to invest close to $1 billion over the next seven or eight years to expand the operations of Malaysia's largest integrated pulp and paper mill, Sabah Forests Industries Sdn Bhd (SFI), … […]

Zydus Cadila acquires stake in Liva Healthcare

Continuing with its buying spree, Ahmedabad-based pharma major Zydus Cadila on Friday, announced the acquisition of Liva Healthcare of Mumbai, a mid-sized pharma company having Derma focused product portfolio. The group acquired 97.5% stake in the privately-held company-Liva Healthcare and … […]

Tax bug clogs PE fund flow

The ill effects of the budget proposal to restrict tax benefits of venture funds and private equity funds to just nine sectors are beginning to show. With the removal of pass-through status for private equity (PE) investments in most sectors, … […]

Ex-Merrill Banker starts $300 m India buyout fund

Munesh Khanna, formerly head of investment banking at Merrill Lynch & Co’s unit in India, raised $300 million to invest in companies that are distressed or need management help to revive their finances. Khanna, 44, runs his new private equity … […]

Investors in INX Media Pvt. Ltd – Newly launched

The investors in INX Media Pvt. Ltd which will have the entertainment and the music channels include Dunearn Investments, a wholly owned subsidiary of Temasek Holdings, NSR PE, a fund advised by New Silk Route Partners, New Vernon Private Equity, … […]

INM picks up 20 per cent stake in Jagran Radio

Independent News and Media (INM) Investments has picked up a 20 per cent stake in the Jagran Group’s radio venture, Radio Mantra. This is the company’s second partnership with the Jagran Group, the first being with Jagran Prakashan.

It is … […]

EDS acquiring Indian testing company

Electronic Data Systems (EDS) is acquiring RelQ Software Pvt. Ltd., a privately owned software testing company in Bangalore, India, to strengthen its global testing capabilities by offering applications testing, validation and verification, and quality assurance services.

RelQ's more than 700 … […]

Malaysian government's investment arm picks up 9 per cent in IDFC

Khazanah Nasional Berhad, the investment holding arm of Malaysian government, has acquired 8.97 per cent stake in Infrastructure Development Finance Company (IDFC) for Rs848.15 crore.

Khazanah Nasional Berhad on account of Sipadan Investments acquired around 10.09 crore shares of the … […]

Lavazza buys India coffee chains

Coffee company Lavazza Group has acquired Barista Coffee Company and Fresh & Honest Café. Barista is the second-largest Indian coffee shop chain, with 150 outlets, of which 132 are located in India, mainly in New Delhi, Mumbai and Bangalore.

The … […]