Sequoia Capital to invest USD 15 million for GirnarSoftware stake

Sequoia Capital is backing GirnarSoftware with USD 15 million in investment for a 20% stake in the firm. GirnarSoftware owns Internet websites Cardekho, Bikedekho and Pricedekho.


Bain Capital to stop acquisition talks with TI Automotive due to price disagreement- sources

Bain Capital Partners was said to have stopped talks to acquire auto parts maker TI Automotive because the parties could not agree on the price for the deal.

Johnson Controls increases share buyback program by USD3 billion, quarterly dividend by 16%

Johnson Controls Inc. on Wednesday announced that it would increase its share repurchase program by USD3 billion. The company also said that it would increase its quarterly dividend to USD22 per common share.

Illuminate Ventures closes USD20 for debut fund

Women-led venture capital firm Illuminate Ventures closed USD20 million as its first fund to invest in cloud data, big data, analytics, software-as-a-service, and enterprise mobility startups in North America.


Latest News

Liquified petroleum gas transporter and distributor Navigator Holdings Ltd. raised USD228 million in its public float. Owner of the world's largest gas fleet, Navigator sold a total of 12 million shares priced at USD19 apiece.
Thailand is ready to launch a BHT2 trillion infrastructure investment project in 2014, which could potentially boost the country's economy after a slowdown this year.
The city of Detroit has paid around USD23 million in fees to lawyers, consultants and financial advisers as it awaits a court decision determining its eligibility for bankruptcy protection from creditors.
India's corporate real estate developer RMZ Corp is set to acquire the Four Seasons hotel project in Bangalore in a deal that is valued at USD100 million.
A Business Standard report said impact investors and social entrepreneurs in India are now concentrating their investments on the urban poor market. These social ventures have been steadily gaining ground with investors providing seed and early stage capital.
Chrysler Group LLC appointed Barclays Plc, Goldman Sachs Group, Morgan Stanley and UBS AG to help underwrite its proposed initial public offering slated in December. Chrysler filed for an IPO in September.
The following bids, mergers, acquisitions and disposals were reported on Wednesday including Telefonica Deutschland, Devon Energy, Metro AG, Devon Energy Corp and others
Legal-focused startup Shake received USD 3 million in its Series A funding round led by SoftBank Capital. Shake is an iOS app that allows users to make and sign effective legal agreements on the go.
Private equity firm Bain Capital LLC has ended advanced talks with auto parts supplier TI Automotive Ltd over a possible buyout after failing to meet TI's price expectations of close to $2 billion, according to people familiar with the matter.
YuanShengTai Dairy Farm, China's fourth biggest raw milk producer, has priced its Hong Kong initial public offering (IPO) at HK$2.70 per share, below the mid-point of expectations, IFR reported.