Jigsee Inc Tuesday announced it had raised funding from the Indian Angel Network (IAN) for its planned expansion in India. The Canadian based firm raised Series A funding from IAN. Jigsee will use the funds to expand its India presence and to fuel the deployment of its mobile application in India and neighboring countries. Post

As it plans its third round of funding, FIITJEE Ltd may be the subject of a potential buyout. Providence Equity Partners and New Enterprise Associates Inc (NEA) are planning to buy stake in FIITJEE Ltd, which is planning to raise Rs.200 crore in its third round of private equity funding. The firm plans to use

L&T has formed a 74:26 Joint Venture with Cassidian, a division of European Aerospace And Defence (EADS) Group, for defence electronics. The move follows the Indian government’s decision to alter its current foreign direct investment (FDI) limit in the defence sector from 26% to a higher percentage.
The joint venture includes a provision that will automatically

The Business Standard reported that Indian search engine Just Dial Pvt Ltd is to sell a minority of its stake to a Malaysian group. Based in Mumbai, Just Dial Pvt Ltd offers both B2C and B2B listings of small and medium advertisers. If the deal goes through, SAIF Partners may exit in this deal from

In a deal on the NSE, US based T Rowe Price International sold its minority stake in Allied Digital Services Ltd (ADSL). The NSE pronouncement stated T Rowe had sold 1.03% stake in Allied Digital Services Ltd for Rs.5.36 crore through an open market transaction. T Rowe sold 477,789 shares on NSE through bulk deal

The Integrated Helicopter Services Private Ltd (IHSPL) has established a new service centre for all type of civil Russia-made helicopters in India.  The Indo-Russian Maintenance and Repair venture was established by Russian Helicopters, a part of United Industrial Corporation (UIC) Oboronprom, and Indian company Vectra Group.
S.B. Prasher, CEO, Integrated Helicopter Services Pvt. Ltd said the

Austrian auto components maker Miba Sinter Group has expanded its global network with the acquisition of Indian auto components manufacturer, Maxtech Sintered Product Pvt Ltd. The investment gives Miba AG access to a manufacturing facility in India. Structured as a joint venture, the investment is expected to provide Indian and International Car Manufacturers and Suppliers

Bertelsmann AG has acquired a 55 per cent stake in India’s Maxposure Media Group India Pvt Ltd. The Germany based media firm undertook the investment via its subsidiary Gruner+Jahr (G+J) International Magazines. The Delhi-based Maxposure Media Group India is to be acquired from its promoters for Rs.7.6 crore. The deal values Maxopsure at Rs.13.82 crore.
The

The Press Trust of India (PTI) reported that US-based leading premium audio and infotainment solutions provider, Harman International Industries, plans to invest around $100 million over the next 3-5 years in India.  According to PTI, the move is aimed at increasing the firm’s footprint in India, a top company executive said.
The report indicated that Harman

US-based Acacia Partners LP has invested Rs 10.85 crore for a 4.58% stake in India’s Net4 India Ltd. The investment was undertaken as an open market transaction. The investment was done in bulk deals Wednesday on the BSE and NSE, with Acacia Partners buying 1,80,000 shares, and Acacia Conservation Fund buying 180,000 shares, while Acacia