State-owned Oil and Natural Gas Corp (ONGC) is likely to look at merging its two oil refining subsidiaries, Hindustan Petroleum Corp Ltd (HPCL) and Mangalore Refinery and Petrochemicals Ltd (MRPL), post-June 2021, its...
Rabo Equity sells entire 21.7% stake in Vacmet for around Rs 140 cr
Rabo Equity has sold its entire stake in Vacmet Ltd for around Rs 140 crore back to promoters, thus making an exit from the investment made in 2010. Rabo Equity had invested Rs 50 crore in Vacmet in 2010. Vacmet Ltd is...
Realty firm Mahindra Lifespace ties up with Extramarks Education
Realty firm Mahindra Lifespace on Thursday said it has partnered with edutech company Extramarks Education for providing online learning to its customers, brokers and employees at a discounted rate. Extramarks is a...
Titan to exit JV with Montblanc, focus on primary biz, exclusive brands
In a bid to focus on its core businesses, retail behemoth Titan said it will end its five year old joint venture with luxury goods maker Montblanc. The Bengaluru-based jewellery-to-watch manufacturer said its decision...
Amazon takes on Future Group over deal with Reliance, sends legal notice
American e-commerce major Amazon has served a legal notice on the Future Group for striking a deal with Reliance Industries (RIL), citing its non-compete agreement with the Kishore Biyani-led chain. According to the...
Wipro to consider share buyback proposal, decision on 13 Oct board meeting
IT services firm Wipro is considering to go for a share buyback programme, following a similar move by industry leader Tata Consultancy Services (TCS). The Bengaluru-headquartered firm, in a filing with the stock...
Dhani Services raises Rs 147 cr by issuing shares to foreign investor
Dhani Services Ltd, formerly Indiabulls Ventures Ltd, on Tuesday said it has raised Rs 147 crore by issuing 84 lakh shares to a foreign investor. The investor, NWI Emerging Market Fixed Income Master Fund Ltd, is one of...
CCI appeals in SC against HC’s stay on probe against Amazon, Flipkart
The Competition Commission of India (CCI) has appealed in the Supreme Court against the Karnataka High Court’s interim stay on an investigation that the watchdog had ordered against e-commerce...
Srikalahasthi Pipes, Electrosteel Castings dip up to 18% post nod to merger
Shares of Srikalahasthi Pipes (SPL) and Electrosteel Castings (ECL) tanked up to 18 per cent on the BSE in the intra-day trade on Tuesday after their respective boards on Monday approved a draft scheme of amalgamation...
Piramal Pharma readies war chest for potential acquisition targets
After raising Rs 3,523 crore by selling 20 per cent equity to Carlyle Group, Piramal Pharma (PPL) is looking actively for potential acquisition targets, along with growing its existing business. It will list the firm...
EV battery maker Romeo Systems to go public through $1.33 bn merger deal
Romeo Systems Inc, a battery maker for electric vehicles, will go public through a merger with blank check company RMG Acquisition Corp in a $1.33 billion deal, the companies said on Monday. The deal is expected to...
Reliance scraps merger of Viacom18 with Sony after ‘strategic rethink’
Billionaire Mukesh Ambani’s Reliance Industries has called off the proposed merger of his group’s entertainment business with Sony Pictures Networks India following a strategic rethink. Ambani’s...
