The Tata group has completed the acquisition of Taiwan’s Wistron’s manufacturing facility in Karnataka, marking its diversification into assembling Apple iPhones. The salt-to-software conglomerate signed a...
Sports tech firm Game Theory acquires Matchday.ai for an undisclosed amount
Sports tech firm Game Theory has acquired Matchday.ai (Matchday), a leading sports analytics startup, for an undisclosed amount. Game Theory is backed by Zerodha founder Nithin Kamath’s Rainmatter fund. The...
Zee-Sony India merger talks stall over disagreement on leadership – Mint
Talks of a merger between India’s Zee Entertainment Enterprises and Japan’s Sony’s Indian arm have stalled after a clash on which company’s top executive will run the merged entity, the Mint...
Hello Tata, goodbye Wistron: The anatomy of a $750 million takeover deal
The Tata Group’s acquisition of Wistron’s manufacturing facility, which will make it the first Indian firm to assemble iPhones, is worth a total $750 million inclusive of debt, said people with knowledge of...
NCLT rejects CIRP plea against Dilip Buildcon
The Indore bench of the National Company Law Tribunal (NCLT) has rejected a petition filed by an operational creditor seeking to initiate bankruptcy proceedings against construction company Dilip Buildcon. Steel Scaff...
Rolta India unit lands in bankruptcy court
The bankruptcy court in Mumbai has admitted Rolta Defence Technology Systems, an affiliate of software firm Rolta India, under the Corporate Insolvency Resolution Process (CIRP) following an application filed by one of...
Future Retail Lenders at odds with RP
Future Retail lenders are concerned that the Deloitte-backed resolution professional, Vijaykumar Iyer, has yet not filed an application with the bankruptcy court to liquidate the company even after five weeks have...
Eris Lifesciences acquires Biocon Biologics’ nephro, derma units for Rs 366 crore
Eris Lifesciences said it has entered into a definitive agreement to acquire Biocon Biologics’ dermatology and nephrology branded formulations business units in India for Rs 366 crore. Eris said the acquisition...
JSW Infra looks to bid for ports under govt’s privatisation plan
JSW Infrastructure, India’s second biggest port operator by volumes, is keen to explore port privatisation opportunities being opened up by the government and is also exploring the mega transhipment port project at...
NCLAT adjourns hearing on IDBI’s insolvency plea against Zee Entertainment to Dec 6
The National Company Law Appellate Tribunal (NCLAT) on Wednesday adjourned its hearing to December 6 over the plea of IDBI Bank seeking to initiate insolvency proceedings against Zee Entertainment. A three-member NCLAT...
NCLT orders refund of IT dues to Cox & Kings
The Mumbai bench of the National Company Law Tribunal (NCLT) has directed the income tax department to refund ₹11.89 crore to insolvent travel firm Cox & Kings. “We direct the income tax department to refund the...
CCI clears Bharti Group’s 49 pc stake buy in Bharti AXA Life Insurance
Fair trade regulator Competition Commission of India (CCI) has cleared Bharti Group’s proposed 49 per cent stake purchase in Bharti AXA Life Insurance Co Ltd. Bharti AXA Life Insurance Company Ltd (BALIC) is...
