Fractional ownership platform hBits is looking to raise over Rs 55 crores for a pre-leased commercial asset it has acquired in Pune marking its foray in the second largest city in Maharashtra. The property is leased to...
Defunct SVB Financial Group to offload Indian arm to First Citizens Bancshares
The bankrupt parent company of Silicon Valley Bank plans to sell its entire stake in Indian subsidiary SVB Global Services India to lender First Citizens Bancshares, it said in a filing on Wednesday. SVB Financial Group...
Accenture to acquire Udacity in upskilling push
Accenture will acquire California-headquartered edtech platform, Udacity, for an undisclosed sum. The move is part of Accenture’s broader initiative to invest $1 billion over three years in enhancing upskilling...
Ant Group outbids Citadel for Credit Suisse’s China unit, Bloomberg reports
Fintech giant Ant Group has outbid billionaire Ken Griffin’s Citadel Securities for Credit Suisse’s investment bank venture in China, Bloomberg News reported on Sunday, adding it was unclear whether the...
Macy’s rejects Arkhouse’s $5.8 billion bid, citing financing concerns
Macy’s said it had rejected Arkhouse Management and partner Brigade Capital Management’s $5.8 billion proposal to take the department store operator private, citing concerns over deal financing and valuation...
Citi’s Mexico unit set to split off by late 2024 -local media
Citigroup’s Mexican retail unit, known as Banamex, is set to split off from its parent by the second half of 2024, the lender’s Mexico head, Manuel Romo, told local media. The retail unit should then begin...
Adani Logistics acquires 50% shares of Veracity Supply Chain Ltd
Adani Logistics Ltd on Tuesday said it has acquired a 50 per cent stake in Veracity Supply Chain Private Ltd (VSCPL). VSCPL, which was incorporated on Tuesday, has an authorised and paid-up share capital of Rs 10,00,000...
Wipro announces merger of 5 subsidiaries with parent, cites 4 reasons
Bengaluru-based top IT services major Wipro announced the merger of five of its wholly-owned subsidiaries with and into parent entity Wipro Limited. The decision to merge Wipro HR Services, Wipro Overseas IT Services...
Citigroup to sell China consumer wealth business to HSBC
Citigroup Inc said it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal covers total deposits and...
HSBC to acquire Citigroup China consumer wealth business
HSBC is set to acquire Citigroup’s China consumer wealth management business, which manages more than $3 billion in assets, two sources with knowledge of the matter said, in a major boost to the London-based...
L’Occitane confirms owner contemplating possible deal to take it private
Hong Kong-listed L’Occitane International SA confirmed that its controlling shareholder is contemplating a potential deal to take the skincare company private, but said no definitive agreement has gone through in...
Mexico govt no longer interested in buying Citigroup’s local retail unit
The Mexican government is no longer interested in purchasing Citigroup’s local retail arm, known as Banamex, a government spokesperson said on Thursday, adding that the U.S. bank “chose a different...