Wipro, in its biggest acquisition so far, has signed an agreement to buy London-based Capco, a global management and technology consultancy, for $1.45 billion. Capco provides digital, consulting and technology services...
Traders’ body asks Amazon to back off from RIL-Future Group deal
Traders’ body AICPD and NGO Prahar in an open letter on Thursday asked Amazon to ‘back off’ from blocking the Reliance-Future Group deal, alleging mall vendors and suppliers have become collateral...
Adani Ports to acquire 31.5% in Gangavaram Port for Rs 1,954 crore
Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) on Wednesday said it is acquiring the 31.5 per cent stake of Windy Lakeside Investment in the Gangavaram Port (GPL) for Rs 1,954 crore. Adani Ports is also...
How SPACs can help make Indian firms a key part of global listed markets
While this last one year has been fraught with uncertainty for businesses across the world, one part of the economy that has remained positive is the stock markets. Against this backdrop, a phenomenon that has caught...
LSTV, RSTV merger begins to create SANSAD TV, CEO appointed
The presiding officers of both houses of Parliament have set the ball rolling for the merger of Lok Sabha TV and Rajya Sabha TV into a single entity, SANSAD TV, which will soon move to seek requisite government license...
BPCL to pay shareholders from Rs 9,876 cr Numaligarh Refinery stake sale
Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) may use Rs 9,876 crore proceed from stake sale in Numaligarh Refinery to pay a special dividend to shareholders, the biggest being Government of...
Jindal Steel keen to acquire bankrupt Reliance Naval & Engineering
Jindal Steel & Power, India’s third-largest producer of the alloy by market value, and two other groups were the latest to express interest in bidding for Reliance Naval & Engineering, according to sources. For...
APL Apollo, Apollo Tricoat Tubes surge up to 10% on board nod to merger
Shares of APL Apollo Tubes (APL Apollo) and Apollo Tricoat Tubes (Apollo Tricoat) rallied up to 10 per cent to hit their respective all-time highs on the BSE in intra-day trade on Monday after their boards approved the...
AstraZeneca has sold its stake in Moderna for more than $1 billion: Report
AstraZeneca Plc has sold its 7.7% stake in Moderna Inc for more than $1 billion after the U.S. biotechnology company’s shares soared on the back of its coronavirus vaccine breakthrough, The Times reported. The...
DAC approves acquisition proposals worth Rs 13,700 cr for armed forces
Defence Acquisition Council (DAC) on Tuesday approved the capital acquisition proposals worth Rs 13,000 crore, the government said in a release. The acquisitions include various weapons, platforms and equipment systems...
Tesla rival Lucid Motors to go public in $11.8 billion blank-check merger
Luxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp in a deal that valued the combined company at $11.75 billion. Lucid, run by an ex...
Ashok Leyland picks 26% stake in Prathama Solarconnect for Rs 19 cr
Hinduja Group’s flagship company Ashok Leyland Ltd (ALL) has invested Rs 18.66 crore in Prathama Solarconnect Energy Private Limited, for a 26 per cent stake in the company’s paid-up share capital. Prathama...
