Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in mobile operator Bharti Airtel, three people with knowledge of the discussions told Reuters, in a move that could turbocharge India’s...
Tata Tele to sell residual businesses to repay banks, gets promoter support
Tata Teleservices, which reported a loss of Rs 13,225 crore for the financial year 2020, is planning to sell its residual business in the current financial year to pay off loans. Till the sale is over, Tata Sons, the...
Abu Dhabi’s Mubadala to buy 1.85% stake in Jio Platforms for 9093.6 crore
Reliance Industries Ltd has said that Abu Dhabi state fund Mubadala Investment Co will buy a 1.85 per cent stake in its digital unit, Jio Platforms, for Rs 9,093.6 crore. Reliance has now sold a combined 19% interest in...
RIL in talks with West Asian sovereign funds for Jio Platforms: Report
Three leading West Asian sovereign wealth funds are in advanced talks to invest in Reliance Industries Ltd.’s digital arm, Bloomberg News reported quoting unnamed sources. Abu Dhabi’s Mubadala Investment Co. is slated...
BEML to firm up partnerships with Czech, Japanese firms to indigenise tech
BEML Ltd is firming up tie-ups with two foreign companies for setting up joint manufacturing facilities in India. Besides, the state-owned company has also called for global expressions of interest (EOIs) for more tie...
YES Bank acquires 24.19% stake in Dish TV through pledged shares
Private sector lender YES Bank has acquired 24.19 per cent in Dish TV, making it the second-largest shareholder in the direct-to-home (DTH) company. The bank’s move to pick up a stake in Dish TV comes following an...
HCL Technologies to buy Cisco’s Self-Optimizing Network technology
HCL Technologies said on Friday it will buy Cisco’s Self-Optimizing Network (SON) technology, in an acquisition that would builds on its focus on products and platforms (mode-3) strategy, and help it cater to the needs...
Merger of three state-owned general insurers on back burner due to Covid-19
The union government’s plan to merge the three ailing public sector general insurance companies — National Insurance Company, Oriental Insurance Company, and United India Insurance Company – and subsequently list...
Private equity player Bain Capital in talks to up stake in Axis Bank
Private equity (PE) player Bain Capital has held preliminary talks with Axis Bank to invest in a possible fresh issuance of shares by the bank. US-based Bain holds a 4.6 per cent stake in the lender. However, it did not...
ITC Hotels partners with Swiggy to offer dining experiences at home
ITC Hotels has partnered with food delivery giant Swiggy, to offer responsible dining experiences to the customers in the comfort of their homes. Based on harmony of fresh and seasonal selections, ITC said this...
Govt extends Bharat Petroleum privatisation bid deadline to July 31
The government has for the second time extended the deadline for bidding for privatisation of India’s second-biggest oil refiner Bharat Petroleum Corp Ltd (BPCL) by over a month to July 31. While the Cabinet had...
Prosecutors summon Samsung Group heir over controversial 2015 merger
Samsung Group heir Jay Y. Lee on Tuesday was summoned and questioned by prosecutors over a controversial 2015 merger of two of the group’s affiliates, Reuters reported. Lee is in trials over charges that he bribed...
