VC and PE funds infused $41 billion in Indian companies in 2020. The investments made across 831 deals is about 6% higher than those closed in the previous year, a report published by Praxis Global Alliance on Tuesday said. VC and PE funds backed firms with investments of $38.9 billion in 2019. The bulk of the funding was cornered by the telecom, retail and consumer platforms.

MTAR Technologies has raised Rs 178.92 crore from anchor investors on March 2 slated to open on March 3. The company informed exchanges that it has finalised allocation of 31,11,725 equity shares at Rs 575 per share to anchor investors. SBI MF and Axis MF invested Rs 70 crore and Rs 30 crore the press statement said.

State-owned Indian Bank on Tuesday said it held an extra-ordinary general meeting (EGM) to seek shareholders nod for raising equity capital up to Rs 4,000 crore through various means. Extraordinary General Meeting (EGM) of the bank was held on 2nd March, 2021 through video conferencing/other audio visual means in accordance with government guidelines, the bank said in a regulatory filing.

Troubled tour operator Cox & Kings may head for liquidation as no buyer has turned up for the company. The company said in a regulatory filing lenders have filed an application with National Company Law Tribunal (NCLT), Mumbai for liquidation. The lenders moved NCLT after committee of creditors (CoC) voted in favour of liquidation with the requisite majority of more than 66%.

Instacart announced a new investment round Tuesday which values the fast-growing grocery delivery startup at $39 billion -- more than double the valuation of just five months earlier. The California startup said the coronavirus pandemic has highlighted the value of its service which is partnered with hundreds of retailers in the United States and Canada.

Bengaluru: Walmart-owned Flipkart on Tuesday announced plans to ramp up its online grocery service to 70 cities over the next six months from 50 at present. The expanded network will allow Flipkart to provide customers in seven metros and 40 cities such as Kolkata, Pune, and Ahmedabad access to grocery products through the company’s dedicated grocery fulfilment centres.

Here is the consolidated result of the Spectrum Auction 2021 through which Centre garnered Rs 77,814.80 crore in revenues: [1] Reliance Jio was the biggest bidder acquiring 488.35 MHz of spectrum for Rs 57,122.65 crore, [2] Bharti Airtel bid for 355.45 MHz of spectrum for Rs 18,698.75 crore, [3] Vodafone Idea bid for only 11.80 MHz of airwaves for Rs 1,993.40 crore.

PayPal Holdings Inc. is in talks to acquire the startup Curv, which helps companies transfer and store digital currencies. The talks are early and could still fall apart, according to a person familiar with the matter, who asked not to be identified discussing internal deliberations.

The SC on Tuesday was "appalled" over the arrest of IRP for managing the affairs of debt-ridden Jaypee Infratech Limited in a criminal case by UP police and ordered his forthwith release while issuing a show-cause notice to an erring cop. The apex court feels the police officer dealing with the case is not familiar with the provision of the privilege of interim resolution appointed by the court.

Jaiprakash Power on Tuesday said its board nodded to the disinvestment of 74% stake in Jaypee Powergrid to PGCIL. Jaypee Powergrid Ltd (JPL) is a joint venture of Power Grid Corporation of India (PGCIL) and JPVL. The company said the stake sale is expected to be complete by March 31, 2021. PGCIL, the buyer, is a Government of India Enterprise involved in transmission line businesses.

Here are the competitive strength for the Rs 510 crore EaseMyTrip IPO: [1] The company is a leading online travel agency in India, [2] It offers a range of travel products, services and end-to-end travel solutions including airline tickets, rail tickets, and holiday packages, [3] Robust distribution network, [4] In-house advanced technology infrastructure, [5] Consistent financial track record.

A severe, global, stock market crash occurred on Oct 19, 1987 (Black Monday). During that time, the introduction of computerized trading programs allowed brokers to place bigger and faster orders. However, it could not stop trades soon enough once prices started to plummet. Ultimately, The Dow and S&P 500 each dropped more than 20% and Nasdaq lost 11%. International stock exchanges also tumbled.

Punjab & Sind Bank will convene an extraordinary general meeting on March 25 to seek shareholders' approval for Rs 5,000 crore equity infusion by the government in exchange for shares. The bank will issue over 335 crore shares at Rs 16.41 apiece to the government in lieu of the capital infusion. Shareholder approval is, therefore, sought for the issue of 3,351,614,868 equity shares.

The offer for sale (OFS) for up to 16% government stake at a floor price of Rs88 per share in railway PSU IRCON will open on Wednesday. The base issue size of the OFS is 10% or over 4.70 crore equity shares, with a green-shoe option to retain over-subscription of 6% or over 2.82 crore shares. The total issue size, including the green-shoe option, comes to 16% or over 7.52 crore shares.

MTAR Technologies raised Rs179 crore from 15 anchor investors a day prior to its issue opening for public bidding. The company informed the bourses that it has allocated 3.11 million shares at Rs. 575 per share on 2 March, to the anchor investors. The issue will open on Wednesday and closed on 5 March. The company plans to raise Rs597 crore via IPO.