British American Tobacco p.l.c. (BAT) plans to sell 7%-15.3% stake in ITC Hotels via a block deal, the company informed via a media statement issued on Thursday. BAT announced that its wholly-owned subsidiaries, Tobacco...
Fintech firm Zaggle acquires Rio Money for Rs 22 crore; plans to invest Rs 75 crore post-acquisition
Fintech firm Zaggle, which offers spend management services, has acquired Rivpe Technology Private Limited (Rio.Money), a digital banking platform offering UPI-based payment solutions for Rs 22 crore, the company said...
Moglix acquires stake in NBFC Vanik for Rs 80 crore
Credlix, the lending subsidiary of Singapore-headquartered Moglix, an ecommerce portal for industrial goods, has invested Rs 80 crore in Vanik Finance for two-thirds stake in the Delhi-based non-banking finance company...
Owner of NYC’s Fordham Landing Housing Project Files Bankruptcy
The owner of Fordham Landing, a major housing development in the Bronx that’s attracted state investment, has filed bankruptcy to halt a foreclosure sale. Dynamic Star LLC and related corporate entities that own equity...
Udaan in talks to sell minority stake in its NBFC arm
Udaan has initiated a process to sell a minority stake in its non-banking financial entity as the business-to-business (B2B) e-commerce platform looks to monetize assets while navigating a broader restructuring...
Netflix enters exclusive talks to acquire Warner Bros Discovery studio and streaming service, Bloomberg News reporter says
Netflix has entered exclusive talks with Warner Bros Discovery to acquire its studio and streaming service, a Bloomberg News reporter said in a post on X. Netflix has emerged as the top bidder for Warner Bros Discovery...
Big Yellow Group terminates deal talks with Blackstone
British self-storage company Big Yellow Group said on Thursday that there was no basis of continuing discussions with Blackstone on a potential deal. The decision came after Blackstone informed Big Yellow of a possible...
ITT in advanced talks for over $4.5 billion SPX Flow deal, Bloomberg News reports
Connecticut-based ITT Inc is in advanced talks to buy Lone Star’s SPX Flow in a transaction valuing the industrial equipment manufacturer at more than $4.5 billion, Bloomberg News reported on Thursday, citing...
Turkey’s Paribu buys majority stake in Bahrain’s CoinMENA, valuing it at up to $240 mln
Turkish digital asset platform Paribu said on Friday it acquired a majority stake in the Bahrain and Dubai-based cryptocurrency platform CoinMENA in a transaction valuing the company at up to $240 million. The...
Wipro acquires HARMAN’s digital transformation solutions unit for $375 mn
IT services company Wipro’s $375-million acquisition of HARMAN’s Digital Transformation Solutions (DTS) business unit has been completed following regulatory nods, according to a release on Tuesday. The DTS...
OpenAI agrees to acquire AI startup Neptune to boost model training capabilities
OpenAI has agreed to acquire Neptune, a startup that provides tools that help companies track their AI model training, the ChatGPT maker said on Wednesday. While OpenAI did not disclose the financial terms of the deal...
Smiths Group to sell baggage-screening unit to CVC for $2.65 billion
Britain’s Smiths Group said on Wednesday it had agreed to sell its Smiths Detection unit, known for its baggage-screening kit in airports and explosive detectors, for 2 billion pounds ($2.65 billion), including...
