At a time when most of the hospitality firms are witnessing falling occupancy rates and are busy taking stock of the losses caused by the coronavirus (Covid-19) pandemic, Mahindra Holidays & Resorts Ltd (MHRL) is...
TikTok attacks Trump ban as irrational amid talks on stake sale
A lawyer for TikTok told a federal judge that President Donald Trump’s impending ban on the video-sharing app is irrational given that its Chinese owner is in talks to strike a deal the president himself has demanded...
Adani’s acquisition of Mumbai Airport from GVK gets CCI green signal
The Competition Commission has approved Adani Group’s proposed acquisition of controlling stake in Mumbai airport from GVK Airport Developers under the green channel route. The green channel route provides for...
GMR Infrastructure gains 4% on stake sale in Kakinada SEZ
Shares of GMR Infrastructure gained 4 per cent to Rs 22 on the BSE on Friday after the company said the GMR Group would divest its entire 51 per cent stake in Kakinada SEZ to reduce debt. “The company has signed...
Tech Mahindra sells stake in Altiostar Networks for $45 mn to Rakuten
IT services major Tech Mahindra on Wednesday said its subsidiary has divested its stake in Altiostar Networks for $45 million (about Rs 331 crore) to Rakuten USA, Inc. Tech Mahindra has also inked an agreement with...
API Holdings’ proposed 100% acquisition of Medlife gets CCI’s approval
The Competition Commission of India (CCI) on Wednesday approved the proposed combination of Medlife and API Holdings. The deal pertains to the proposed acquisition of 100 per cent equity shares of Medlife by API...
Playboy nears $425 million deal to return to the stock market: Report
Playboy Enterprises is nearing a deal to go public through a merger with Mountain Crest Acquisition Corp, which would value the owner of Playboy magazine at around $425 million (£334.1 million), including debt, people...
Japan’s Mitsui, Nippon Soda acquire 56% stake in Bharat Insecticides
Japanese companies Mitsui and Nippon Soda have acquired 56 per cent stake in agrochemical firm Bharat Insecticides Ltd (BIL). As a result of this deal, BIL has become a group company of Mitsui & Co Ltd...
Reliance raises $22.43 bn from stake sales at retail, digital arms
Reliance Industries Ltd, controlled by Asia’s richest man Mukesh Ambani, has raised 1.65 trillion rupees ($22.43 billion) over the past few months through stake sales at its digital unit Jio Platforms and its...
HDFC Life enters into partnership with YES Bank to sell insurance policies
HDFC Life on Tuesday said it has entered into a partnership with YES Bank to sell policies to the bank’s customers. HDFC Life and YES Bank Limited entered into a corporate agency (CA) arrangement, it said in a...
BSNL raises over Rs 8,500 crore through sovereign guarantee bonds
State-owned Bharat Sanchar Nigam (BSNL) on Monday said it has raised over Rs 8,500 crore through sovereign guarantee bonds. The government approved the bonds for the revival of the telecom PSU. “We opened the bond at 10...
HCL Technologies to acquire Australia-based firm DWS for $116 million
HCL Technologies has announced its intent to acquire Melbourne-headquartered DWS Ltd. in a step towards enhancing its digital initiatives in the Australia and New Zealand region. The Noida-based firm will acquire DWS, a...
