India’s biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever, two sources...
National News
Adani group to buy 49% stake in Quintillion Media for undisclosed amount
AMG Media Networks, a unit of billionaire Gautam Adani’s conglomerate Adani Enterprises, will pick a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for...
Tata Steel Acquires 1.30 Cr Ocrps Of Associate Firm Trf
Tata Steel on Saturday announced the acquisition of 1.30 crore optionally convertible redeemable preference shares (OCRPS) having a face value of ₹10 each of associate firm, TRF. The transaction aggregates to ₹13 crore...
Swiggy enters high-end dining market with acquisition of Dineout
Online food delivery platform Swiggy announced it has acquired Dineout, a dining out and restaurant tech platform, for an undisclosed sum. Dineout, which serves millions across its network of 50,000 restaurants in 20...
Swastika Commodity Merges With Swastika Investmart
In a bid to provide equity & commodity services under one roof with increased operational and financial efficiency, Swastika Investmart Ltd has completed the merger of its subsidiary company Swastika Commodity...
Electric scooter maker Ather raises $128 million in funding round led by NIIF, Hero MotoCorp
Electric scooter maker Ather Energy said it has raised $128 million in a funding round led by National Investment and Infrastructure Fund (NIIF) and existing investor Hero MotoCorp. Tarun Mehta, co-founder of Ather...
Byju’s in talks with lenders for $1 billion to fund acquisition plans
Byju’s, India’s most valuable startup, is in talks with lenders to raise more than $1 billion in acquisition financing as the online education provider looks to expand its business rapidly, people familiar with the...
NCLT grants more time to FRL to reply to BOI plea
The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday granted more time to Future Retail Ltd (FRL) to file its response to a Bank of India petition seeking to initiate insolvency resolution...
Web3 Platform Fanztar Raises ₹5 Cr Led By India Quotient, Sharechat Founders
Fanztar, a web3 platform for the creator economy, has announced that it has raised ₹5 crore in seed funding led by India Quotient, a seed-to-early-stage venture capital firm. The funding also saw participation from...
Vivriti Capital Raises Additional $30 Mn From Tvs Capital
Non-bank lender Vivriti Capital Pvt. Ltd has raised an additional $30 million (around ₹228 crore) from TVS Shriram Growth Fund 3 as part of its Series C round. The Chennai-based company had raised $55 million in the...
Future’s stake sale in its insurance arm helps banks recover ₹1,266 cr
Banks have recovered a cumulative ₹1,266 crore from Future Enterprises Ltd(FEL) after the group completed the sale of its general insurance business to its Italian partner Assicurazioni Generali S.p.A, in what is a rare...
Government to hold 33% stake in Voda Idea post equity conversion: Ravinder Takkar
The government will hold around 33% in Vodafone Idea (Vi), post-conversion of the latter’s accrued interest liability (on deferred dues) into equity, while the telco’s promoters—UK’s Vodafone Plc and India’s Aditya...