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...
Govt may seek bids for $7 billion IDBI Bank stake this month
India is poised to seek bids for its $7.1 billion majority stake in IDBI Bank Ltd., a key step in its long-running effort to privatize the previously distressed lender and accelerate a divestment push. Talks with...
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...
Hindujas looking for strategic partner in IndusInd Bank, but will not dilute stake
The Hinduja Group has urged the government and the Reserve Bank of India to let private bank promoters hold stakes of up to 40% and align voting rights accordingly. Speaking to ET, Ashok Hinduja, chairman, IndusInd...
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...
Omnicom restructures India leadership team after merger with IPG
Global advertising giant Omnicom has unveiled a sweeping reorganisation of its business in India, retiring multiple agency brands and shuffling its leadership team, as part of a global restructuring following its merger...
Adani completes Rs 231 crore acquisition of Trade Castle Tech Park
Adani Enterprises Ltd, the flagship firm of business tycoon Gautam Adani’s group, on Tuesday said it has completed a Rs 231.34 crore acquisition of Trade Castle Tech Park (TCTPPL), an infrastructure developer...
Signoria Creation Limited Announces Acquisition of 60 Percent Stake in Herble Prints Private Limited
Signoria Creation Limited (the “Company”) informs the market that its Board of Directors, at a meeting held on Monday, 1 December 2025 at the Company’s registered office, approved the acquisition of a...
NCLAT rejects insolvency plea against Voltas, upholds NCLT order
Appellate tribunal NCLAT has rejected a plea against Voltas, which sought to initiate insolvency proceedings against the Tata Group firm by one of its operational creditors. A two-member NCLAT bench has upheld the...
Lupin Pharma, TPG Capital & EQT in talks to acquire Lalvani family-owned Vitabiotics
Indian drugmaker Lupin and a clutch of private equity investors including EQT Partners and TPG Capital are in separate early-stage discussions to acquire UK’s largest nutraceutical company, Vitabiotics, people aware of...
CarTrade, CarDekho parent end acquisition talks
Auto marketplace CarTrade Tech has ended discussions with Girnar Software to acquire CarDekho and BikeDekho, its automotive classified businesses. “We wish to inform you that the parties have mutually decided not to...
