General Atlantic is to invest $2 billion in India and Southeast Asia.

Economy
May 23, 2022, 12:05 p.m.

Sandeep Naik, the president of General Atlantic's business in India and Southeast Asia, said in an interview that the company is in early-stage investment conversations with roughly 15 companies in areas such as technology, financial services, retail, and consumer.

Close to securing Rs 20,000 crore to combat competitors: Ravinder Takkar, CEO of Vodafone Idea

Economy
May 23, 2022, 12:03 p.m.

According to Ravinder Takkar of ET, the exercise to issue the company's shares to the government against interest on deferred statutory payment is "just around the horizon." The 53-year-old, who has been at the helm of the loss-making telco since August 2019, stated that this is the last box that needs to be checked before finance is secured.

Broadcom is in talks to acquire VMware.

Economy
May 23, 2022, noon

The deal would continue Broadcom Chief Executive Officer Hock Tan's acquisition spree, which has seen him build one of the chip industry's largest and most varied businesses. According to Bloomberg data, Michael Dell and private equity company Silver Lake remain the leading investors in VMware.