India edtech unicorn BYJU’s acquires Aakash Educational in $1b deal
Aakash Educational Services will function independently post the acquisition, with founders J.C. Chaudhry and Aakash Chaudhry, continuing to lead the
Gail India seeks to invest in startups through its ‘Pankh’ initiative
It has called for proposals in areas of natural gas, petrochemicals, and energy, among others.
Chinese chipset maker UNISOC nets $815m, seeks to file for STAR IPO by end-2021
Guosheng Capital, Country Garden Venture Capital, Haier Financial and W&W Fund joined the round.
India’s Piramal, CDPQ look to invest $15-20m private credit in Coca-Cola bottler
CDPQ and Piramal had floated a $300 million private credit platform last February.
South Korea’s LG becomes first major brand to wind up smartphone division
The division has logged nearly six years of losses totalling some $4.5b.
Tatas, Indian government inch closer to finalising Air India deal
Final talks between both parties are underway, and a financial bid will be submitted by the Tatas this month.
Malaysia’s ex-PM Najib starts appeal against 1MDB-linked conviction
Najib faces several trials over allegations that $4.5 billion was stolen from 1MDB, a state fund he co-founded in 2009.
Vietnam’s telcos gear up to launch mobile money services to tap the unbanked
Viettel, VNPT, and MobiFone are some of the players betting big on the sector.