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State Bank of India (SBI) and its wholly owned subsidiary, SBI Payment Services Private Limited (SBIPSPL), proposed a 74:26 joint venture with Hitachi Payment Services Private Limited (HPSPL), an indirect wholly owned subsidiary of Hitachi Limited, Japan, according to reports.

DSK on $6.6m Solara Active Pharma Sciences facility sale to Sequent Scientific Limited.

Garden Reach Shipbuilders & Engineers Ltd filed a $50m IPO in October 2018, according to reports.

“Indian state-run Mishra Dhatu Nigam Ltd’s initial public offering to raise 4.38 billion rupees ($67.36 million) for the government was subscribed 1.2 times,” in March 2018, according to Reuters.

The government’s Bharat 22 ETF (Exchange Traded Fund) has made a follow-on offer, raising Rs 27,300 crore, according to reports.

Energy services group ENGIE has acquired a controlling stake in Simpa Energy India to fund geographic expansion and accelerate growth, hoping to further decentralise renewable energy solutions across the world and to help India transition to clean power, reported the PTI.

“Chennai-based robotics startup DeTect Technologies Tuesday said it has raised $3.3 million in a Series A funding round from a clutch of investors led by SAIF Partners as it seeks to double its workforce and expand in the UK and Europe. Existing investors Bharath Innovation Fund, Axilor Ventures and BlueHill Capital Pvt. Ltd also took part in the latest round,” reported Mint.

“Alibaba’s payment affiliate Ant Financial has pumped in another $210 million in restaurant discovery and food-delivery platform Zomato, as the company ramps of spending for its market leadership battle against rival Swiggy,” reported the Economic Times, about the unicorn’s Series I round of fundraising.

Karanjawala & Co has filed a criminal defamation complaint for parliamentarian MJ Akbar today against a female journalist who had alleged in Tweets on 8 October that she had been sexually harassed by him while he was her boss and a senior editor.

Ananya Birla is in advanced negotiations to acquire Micro Housing Finance Corp, which provides home loans to urban households with lower income, for around Rs 300 crore, reported ET and according to AZB’s press release.

“Bonfleet Solutions Pvt. Ltd, which runs fintech startup Bon, has raised a seed round of funding led by impact investment firm Omidyar Network. The company has received Rs 7.8 crore ($1.03 million) from investors that also include early-stage investment firm Axilor Ventures and Better Capital’s AngelList India Syndicate,” reported VC Circle.

“Engineering company Greaves Cotton Ltd said on Wednesday it has signed definitive agreements to acquire a majority stake in electric two-wheeler maker Ampere Vehicles Pvt. Ltd. Mumbai-headquartered Greaves Cotton will initially acquire 67% of Coimbatore-based Ampere for Rs 77 crore. It may buy another 13% for Rs 75.5 crore after three years, it said in a stock-exchange filing.” reported VCCircle.

“Wipro has won its largest information technology (IT) outsourcing contract, valued at $1.6bn over 10 years from Alight Solutions, the former benefits administration and human-resources outsourcing business of Aon,” reported Mint.

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