KIAL, an arm of Kotak Mahindra Bank, said in a statement that it has launched a new fund which will partner with Bengaluru-based realty firm DivyaSree Developers to develop and acquire commercial office assets. “The USD 400 million India Office Assets Fund I, is anchored by a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and is one of the largest dedicated commercial office development platforms announced in India,” it added.

This week, more than 25,000 members of the video game industry are scheduled to descend on San Francisco for the geeky, and often sleepy, an annual gathering known as the Game Developers Conference.

This year, though, more people than usual are paying attention. Google is set to unveil a video game service, codenamed Project Stream, that will reportedly allow people to play Fortnite and other modern titles in a web browser or on a television using inexpensive hardware.

India’s Ola is raising $300 million from Hyundai Motor Group, giving the ride-hailing startup more capital to compete for drivers and customers against Uber Technologies Inc. just as the U.S. rival prepares for an initial public offering.

The deal values Ola at about $6 billion, said a person familiar with the matter, asking not to be named because the figures are private. The Bangalore-based company, which had been valued at $4.3 billion according to CB Insights, will continue to raise funds and has term sheets from other investors, the person said.

The M K Stalin-led Dravida Munnetra Kazhagam (DMK) has promised to abolish the National Eligibility cum Entrance Test (NEET), formerly the All India Pre-Medical Test, as part of its poll promise. The party, which has joined hands with the Congress for the upcoming LokSabha election has also promised to bring back the old pricing models for petrol & gas cylinders.

The all-powerful GST Council Tuesday approved a transition plan for the implementation of new tax structure for housing units, Revenue Secretary A B Pandey said.

A reasonable time for transition will be given to developers in consultation with states, he told reporters here.

Domestic equities continued their bull run on Monday with the BSE Sensex rising over 300 points and the Nifty reclaiming the 11,500 mark amid unabated foreign fund inflows and narrowing country’s trade deficit.

Besides, positive cues from other Asian markets too bolstered trading sentiment in Mumbai, traders said.

State Bank of India (SBI) on Monday said its board will consider an extension of the approval accorded by the central board of the bank for raising equity capital of up to Rs 20,000 crore till March 31, 2020.

The bank’s board will meet on March 22, SBI said in a regulatory filing.

A London court has issued an arrest warrant against fugitive diamantaire Nirav Modi, the main accused in the $2-billion Punjab National Bank (PNB) scam case, in response to a request by the Enforcement Directorate (ED) for his extradition in a money laundering case, officials said on Monday.

Engineering major Larsen and Toubro (L&T) on Monday mounted a hostile takeover bid for Bengaluru-headquartered Mindtree, with a multipronged strategy to buy around a 67 per cent controlling stake in the IT company for about Rs 10,733 crore.

As the first step, L&T entered into a deal to purchase the 20.32 per cent stake of Mindtree’s single-largest investor, V G Siddhartha, at Rs 980 per share in an all-cash transaction, which translates into Rs 3,269 crore.

The deal between the two Ambani brothers, Anil and Mukesh, has fallen through as Reliance Communi­cations (RCom) and Reliance Jio agreed to terminate the asset-sale agreement on Monday. RCom has cited delays in approval from the government and lenders as the reason.

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