The European Central Bank’s decision to buy regional and municipal debt may do little to enhance its quantitative-easing program. The lion’s share of those bonds come from Germany’s 16 Federal states and Spain’s...
Raymond James to Buy Deutsche Bank U.S. Private-Client Unit
Raymond James Financial Inc. agreed to buy Deutsche Bank AG’s U.S. private-client services unit, adding offices in the Northeast and mid-Atlantic region. Haig Ariyan, co-head of wealth management in the Americas for...
Cookpad buys Bengaluru-based startup Cucumbertown
Cookpad, a Tokyo Stock Exchange-listed recipe network, has acquired Bengaluru-based online recipe-blogging startup Cucumbertown for an undisclosed sum, making its entry into the Indian market. “It is a fairly...
Eicher Polaris JV launches nano UV at Rs 2.32 lakh
The joint venture company of Eicher Polaris today launched a compact utility vehicle Multix priced at Rs 232,850 (ex-showroom, Jaipur), which makes the five-seater compete directly against the Tata Nano. Powered by a...
Online ordering app Swiggy ties up with Burger King
MUMBAI: Swiggy, an online food ordering application, today said it has collaborated with hamburger chain Burger King, for a quick and seamless ordering experience. Swiggy will be the exclusive pan-India partner for the...
8 new bidders for R-Infra cement biz
After Aditya Birla Group’s UltraTech Cement, eight more bidders have joined the race to buy Reliance Infrastructure (RInfra)’s cement business. These are Carlyle, Blackstone, Baring, Cemex, JK Cement, Birla...
Dena Bank to raise equity, slash govt stake to 52%
Dena Bank plans to raise equity capital by issuing new shares and pare the government holding from 65 per cent to 52 per cent. The government had infused capital worth Rs 407 crore in the public sector lender in the...
Quikr makes 2nd buyout in 7 days
Online classifieds company Quikr made its second acquisition in a week with real estate analytics platform realty compass that help customers and investors by providing builder ratings and project analysis of properties...
Softbank, Alibaba form global alliance to take on Uber
Ola, India’s largest app-based taxi aggregator, has gone global, partnering with China’s Didi Kuaidi, US-based Lyft and southeast Asian GrabTaxi to offer seamless access to cabs on their apps in these countries. The...
Motorola Agrees to Buy U.K.’s Airwave for $1.2 Billion
Motorola Solutions Inc. agreed to buy Airwave Solutions Ltd., a U.K. communication services provider, for about $1.2 billion to help build out its software and services business. Motorola expects to make a net cash...
AVA Group acquires Melam brand for undisclosed sum
CHENNAI: Manufacturers of ‘Medimix’ brand of soaps and personal care products, AVA Group, today announced its foray into the food business with acquisition of Melam Brand of masalas for an undisclosed sum...
Lite Bite ties up with HMSHost for airport outlets
MUMBAI: Dabur scion Amit Burman’s Lite Bite Foods (LBF) has formed a joint venture (JV) with HMSHost, a United States-based highway and airport food service firm, to develop and operate outlets at domestic and...