Mumbai-based Suraksha group on Sunday said the company expects to get the approval of the NCLT by March to acquire Jaypee Infratech Ltd (JIL) through insolvency process and complete around 20,000 flats for homebuyers...
HDFC acquires stake in Ansal Housing via invocation of pledged shares
HDFC Ltd today announced that it has acquired 8.42% stake in real estate developer Ansal Housing through invocation of pledged shares. The non-banking lender has invoked pledge on 5 million shares of Ansal Housing to...
Kubota to have controlling rights in Escorts making it a Japanese MNC company
The Indian tractor industry is the largest in the world. Despite pandemic, the domestic tractor sales for the FY (Financial Year) 2021 were the best in the history of the tractor industry. With sea changes, along with...
CNH Industrial buys software house NX9 to bolster agriculture business
Vehicle maker CNH Industrial (CNHI.MI) has bought software engineering firm NX9, it said on Thursday, in a further step to boost digital innovation in its agricultural division as it prepares to spin off its truck, bus...
China Evergrande to shed stake in Tencent-backed venture for $273 million
Cash-strapped property giant China Evergrande Group said it will sell its entire stake in a company that provides online video-streaming and Internet home services for the equivalent of $273 million, closing a chapter...
Evergrande to raise $1.5 billion by selling bank stake to state-owned firm
A Chinese state-owned enterprise struck a deal to buy most of China Evergrande Group’s stake in a commercial bank for $1.5 billion, the latest sign that the country’s authorities are trying to help the property giant...
Deals! Deals! Deals! Banks feast on merger bonanza
Corporations world-wide embarked on an unprecedented deal spree this year, emerging from the depths of the pandemic looking to bulk up and address the vulnerabilities it exposed. Simultaneously, buyout firms and blank...
Debt-laden Evergrande says in sale talks for certain assets; shares jump
Shares of debt-laden China Evergrande Group jumped on Wednesday after it confirmed that it is in talks to sell certain assets, as the move could ease cashflow pressure amid market speculation over a potential...
Virtual tour firm Matterport raises $605 mln in blank check merger
Matterport Inc, a Silicon Valley firm whose 3D cameras and software power three-dimensional virtual tours of real estate listings, on Thursday said that it had raised $605 million in a merger with blank check firm Gores...
Construction management app Powerplay raises $5.2 million in funding
Construction management app Powerplay on Friday said it has raised $5.2 million in funding led by Accel Partners and Sequoia Capital India’s accelerator program, Surge. According to the company, it will use the funding...
Consolidation in entertainment will keep us riveted
All hail the coming of the world’s third big online streaming giant: Warnermedia’s merger with Discovery is upon us. Consolidation in this business is good for the couch potato, and there will be more of it to go...
CarTrade set to file IPO papers, to raise up to ₹2,000 crore
A host of technology companies are lining up to float their initial public offerings. After Zomato’s ₹8,250- crore public offer, auto classifieds platform CarTrade is now set to file its draft prospectus, said two...