1. US-based Evergreen Power in talks to Raise $100M for IndiaThe company wants to bring 280 megawatts (MW) of wind energy online in the next 12 months in the states of Tamil Nadu, Karnataka and Madhya Pradesh. Eventually, it aims to scale up wind energy production capacity to 1 gigawatts by 2020 by adding 250-350 MW every year.
2. Blackstone to Launch its First Nexus Mall in IndiaGlobal Investment from Blackstone Group Lp's India Subsidary Nexus Malls is all set to launch its first shopping mall in the country in Seawoods, Navi Mumbai, expanding its retail portfolio. Nexus Mall was set in June 2016 to own and manage shopping malls in the country.
3. Trucking Marketplace BlackBuck Raises $70M from Sands Capital & Other InvestorsOnline marketplace for long-haul trucking services, BlackBuck has raised Rs 476 crore in its latest round of funding led by Sands Capital and existing investors Accel and Flipkart.
4. Alibaba Buys Online Ticketing Platform DamaiAlibaba buys online ticketing platform DamaiChina's Alibaba Group Holding Ltd has fully acquired online ticketing platform Damai.cn, the e-commerce giant said on Tuesday, marking a further push into entertainment by the firm as it expands beyond its core online retail business.
4. HCL Technologies Announces Rs 3,5K Cr Share BuybackHCL Technologies, one of the biggest IT services firm, today announced a buyback of Rs 3,500 crore of itsshares, becoming the latest company in the sector to seek boost on investor returns through a share repurchase. The company will buyback a little under 2.5% of its fully paid-up equity shares outstanding, it said while filing papers with BSE.\
5. MyGlamm Gets Rs 35Cr from L'OccitaneOn-demand beauty services provider MyGlamm has raised Rs. 35 crore from French cosmetic giant L'Occitane to expand its offerings in India ahead of beginning operations overseas. This fundraise is a so-called bridge round to finance the launch of new products before MyGlamm can mop up at least Rs.200 crore from investors for a global expansion.
6. Regency Healthcare to Raise $14M from Global Funds Kanpur-based Regency Healthcare is set to raise about $14 million from a consortium of leading global funds IFC, KOIS and HealthQuad. The multi-super specialty, renal and oncology chain manages 500 beds across five facilities and is being valued around Rs 300 crore, said another person familiar with the deal.
7. Tiger Global to Exit from Flipkart with 3x ReturnTiger Global, the biggest investor in Flipkart, may have struck a deal with Microsoft and other new investors to sell a part of its stake in the e-commerce company in the latest fund-raising round that valued it at $9.3 billion pre-money.
BW Reporters
Soumya is a young writer and journalist, with bachelors in Multimedia and Mass Communication. She is an alumini of the Asian College of Journalism, and finds politics and sustainability intriguing beats to work with.
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