Fiat Chrysler and French rival PSA gained EU antitrust approval on Monday for their $38 billion merger to create the world’s No.4 carmaker after pledging to boost Japanese rival Toyota Motor. The two carmakers are...
Delhi HC rejects Future’s plea for interim injunction against Amazon
The Delhi High Court on Monday declined to grant Kishore Biyani led Future Retail Ltd’s (FRL) plea for an interim injunction restraining Amazon from writing to SEBI, CCI and other authorities about the arbitral...
Apollo Global, I Squared Capital rival Vedanta for buying stake in BPCL
Vedanta, Apollo Global, and I Squared Capital have responded to the Centre’s decision to shed its controlling stake in Bharat Petroleum Corporation (BPCL). Vedanta currently holds a controlling stake in Cairn Oil &...
Debt-laden Reliance Capital garners 60 bids in asset monetisation drive
Reliance Capital’s (RCAP) expression of interest (EOI) for asset monetisation garnered mega response with 60 bids being received. December 1 was the deadline for the submission of EOIs. Over 60 different bids have...
Bharti Infratel gets nod to change its name to Indus Towers post merger
Bharti Infratel has received approval from the Registrar of Companies for changing its name to Indus Towers, following the recent merger of the two companies to create a mega tower entity. The company has initiated due...
Heritage Foods advances 16% after stake sale in Future Retail to pare debt
Shares of Heritage Foods advanced 16 per cent to Rs 325 on the BSE after the company sold its entire stake in Future Retail for about Rs 132 crore to pare debt. “The Company has disposed off its entire...
Future-Reliance deal: Regulator Sebi awaits clarification before go-ahead
Markets regulator Sebi has sought some “clarification” from leading stock exchange BSE before giving its go-ahead to the Rs 24,713 crore deal between Future group and Mukesh Ambani’s Reliance...
Subramanian Swamy asks PM Modi to put LVB merger with DBS on hold
Rajya Sabha MP and BJP member Subramanian Swamy has asked for a CBI enquiry into the Reserve Bank of India’s functioning and has asked the Government to put Lakshmi Vilas Bank merger with DBS Bank India on hold...
Standard Life sells 27.8 mn shares to prune stake in HDFC Life to 8.89%
London-based Standard Life on Thursday sold 27.8 million shares –1.38 per cent stake–in HDFC Life Insurance Company at Rs 619.15 apiece, raising Rs 1,720 crore. A clutch of institutional investors were among...
SC stays NCLAT order for competition watchdog’s probe against Flipkart
The Supreme Court on Wednesday stayed the National Company Law Appellate Tribunal’s (NCLAT) March 4 order asking the Competition Commission of India (CCI) to initiate a probe against e-commerce major Flipkart for...
US company PayPal partners with Razorpay to help small businesses go global
Financial technology unicorn Razorpay has formed a partnership with global digital payments company PayPal to enable seamless international payments for MSMEs (micro, small and medium enterprises) and freelancers. The...
Paytm refutes report suggesting China’s Ant Group considering stake sale
Paytm on Wednesday refuted a report that said that one of the company’s major shareholders, Chinese financial technology giant Ant Group, is considering the sale of its 30 per cent stake in the Indian homegrown...
