IT services major Wipro on Thursday said it will acquire an additional 20% stake in Aggne Global IT Services Private Limited for $2.1 million (about Rs 19.8 crore). Following the latest transaction, Wipro’s...
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India is said to weigh another mega merger, hike in FDI limit for public sector banks
The Union finance ministry may ask a new banking reforms committee to consider proposals to merge 12 state-run lenders into five and raise their foreign investment cap to 49%, three people aware of the discussions said...
Centre to raise ₹13,000 cr via OFS in three state-run banks
The government plans to raise around ₹13,000 crore through an offer for sale in Punjab & Sind Bank, UCO Bank and Indian Overseas Bank to meet the minimum public shareholding norms prescribed by the Securities and...
Manipal Hospitals is said to plan $1 billion IPO in July
Manipal Health Enterprises Pvt., which runs the Manipal Hospitals chain, is likely to launch its initial public offering as early as next month, according to people familiar with the matter. The Temasek Holdings Pte...
Himalia Prime Assets acquires eco-resort near Bengaluru
Himalia Prime Assets, an asset development and management platform, has acquired Our Native Village– a sustainability-driven eco-resort on the outskirts of Bengaluru for Rs 25 crore. Spread across 4.65 acres, Our Native...
Govt sells 5% GIC stake; FY27 disinvestment haul tops ₹16,000 crore
The government on Wednesday said it has sold a five per cent stake in the public sector reinsurance company, the General Insurance Corporation of India (GIC), with an enthusiastic response from investors to the offer...
CCI clears TVS Group’s acquisition of PGIM India AMC, Temasek-Romsons deal
Fair trade regulator CCI on Tuesday approved Chennai-based TVS Group entities’ proposal to acquire PGIM’s India asset management business and also cleared Temasek’s investment in medical devices maker...
CCI approves Kedaara Capital’s Rs 750 crore stake purchase proposal in Axis Finance
The Competition Commission of India on Tuesday approved private equity firm Kedaara Capital’s proposal to acquire a stake in Axis Finance for Rs 750 crore. Axis Finance Limited (AFL) is a non-banking financial...
Devyani International, Sapphire Foods rally up to 9% on merger approval
Shares of Devyani International Limited (DIL) and Sapphire Foods jumped as much as 9 per cent in trade on Tuesday after the exchanges BSE and NSE granted no objection and no adverse observations to the composite scheme...
Mahindra Holidays & Resorts India acquires 100% stake in Aditatva Estates
Mahindra & Mahindra announced that its subsidiary Mahindra Holidays & Resorts India (MHRIL) has completed the acquisition of 100% equity stake in Aditatva Estates (Aditatva) on 15 June 2026, for an aggregate...
Govt to sell up to 5% stake in insurer GIC via OFS
The Indian government plans to sell up to a 5% stake in General Insurance Corporation (GIC) via an offer for sale (OFS), the state-run insurer said on Monday. Here are more details: * The OFS includes a base offer of...
India’s HCLTech to buy 10.5% stake in Sarvam AI, valuing startup at $1.5 billion
India’s HCLTech said on Monday it will acquire a 10.5% stake in domestic generative AI startup Sarvam AI for 14.27 billion rupees ($150.7 million) in cash, leading the firm’s Series B round as a strategic...
