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Virgin Australia airline to be sold to US-based Bain Capital
Virgin Australia's creditors agreed on Friday to sell the airline to Boston-based Bain Capital in a deal that will see the carrier cut 3,000 jobs and end many of its international flights.
Granules India surges 10% as three PE firms look to pick controlling stake
A media report said that Blackstone, KKR and Bain Capital have sub...
Bain Capital agrees with Virgin Australia administrator to buy struggling airline
Bain's bid was chosen over a rival offer from Cyrus Capital...
Data insights company, Kantar, taps Bata’s Alexis Nasard as CEO
He will replace Eric Salama, who stepped down in February this year, months after WPP sold 60% in Kantar to private equity firm Bain Capital in December last year.
Bain's $500 million bet on Trans Maldivian Airways crash lands
The company’s lenders have taken control of the business, invoking underlying securities, after Bain Capital Private Equity and Chinese partner Tempus Group failed to repay a $305 million loan, said people directly involved in the matter.
Axis Bank climbs 3% as QIP kicks off; floor price set at Rs 442.19
The floor price was at a 3 per cent premium to Tuesday's closing price of Rs 428.90 on BSE.
Axis Bank to raise up to Rs 10,000 crore via QIP
The banks is likely to raise around Rs 10,000 crore, ET Now said on Tuesday, adding that Bain Capital may get preferential allotment.
DaanUtsav 2020: Festival of giving begins on Mahatma Gandhi's birth anniversary
The year 2020, has more than ever before highlighted the relevance of Mahatma Gandhi’s philosophy of truth, non-violence, compassion and kindness. On his 151st birth anniversary, a week-long festival of philanthropy, DaanUtsav, starts with initiatives across the country to mobilise resources for those in need.
Axis Bank drops 2% on Rs 15,000 crore fund raising plan
This was higher than $1.2 billion in fundraising, the ET suggested, quoting sources, earlier in the day.
Axis Bank surges 6%; reports claim lender to raise $1.5 bn
ET Now reported that Carlyle Group has shown interest in investing in the bank.
PE major Bain Capital’s Axis Bank deal under margin pressure
Freefall in Axis shares — pledged as collateral — leads to calls for more cash, global guarantees by PE’s lenders.
Database software management company Redis Labs turns unicorn after raising $100mn in funding
Redis Labs was started in Israel and is presently headquartered in Mountain View, California, USA . It ventured into India about two years ago and has an office in Bengaluru.
Virgin Atlantic airline files for United States bankruptcy protection
A spokeswoman for Virgin Atlantic said the bankruptcy filing is part of a court process in the United Kingdom to carry out a restructuring plan that the airline announced last month. The process is supported by a majority of the airline's creditors, and the company hopes to emerge from the process in September, she said.
Distress Demand: Deutsche buys Rs 112 cr DHFL bonds again
The foreign lender bought Rs 112 crore worth of those deep discount debt securities from the secondary market Thursday extending its buying spree of distress assets.
Cafe Coffee Day parent ropes in EY India to take over as Chief Financial Officer
A team of EY has taken over all the functions that a chief financial officer is expected to undertake, including managing financials and monitoring cash flows of the company, people privy to the development told ET.