Uber Technologies Inc is in negotiations to buy online food delivery company Grubhub Inc in an all-stock deal, according to people familiar with the matter. A merger could give Uber Eats’ money-losing restaurant...
Jet Airways stake sale: Lenders to invite fresh expression of interest
Jet Airways lenders’ have decided to invite fresh expression of interest (EoI) for selling a stake in the bankrupt airline, sources said on Tuesday. The committee of creditors (CoC) of Jet is likely to come out with a...
Rahul Bhatia-owned InterGlobe Enterprises eyes failed Virgin Australia
InterGlobe Enterprises, the parent of the country’s largest airline IndiGo, has evinced interest in Virgin Australia, Australia’s second-largest aviation company. Virgin Australia entered bankruptcy administration two...
Carlyle Group to buy 74% in SeQuent Scientific for over Rs 1,500 crore
Private equity player The Carlyle Group has signed up to acquire a majority 74 per cent stake in Mumbai-headquartered animal health care company Sequent Scientific for over Rs 1,500 crore. The transaction is being done...
NCLT cancels this year’s summer vacation for all benches across the country
The National Company Law Tribunal (NCLT) has cancelled the scheduled summer vacation for all its benches across the country this year. In a notification, issued by the registrar on May 5, NCLT said it has cancelled...
Amazon, Future Group in talks over sale of stake in Future Retail
Kishore Biyani-led Future Group has started talks with Amazon for selling stake in Future Retail Ltd to the US-based e-commerce major, industry sources said. The two parties initiated talks earlier this week for a stake...
Banks scout buyers for Future Retail stake after Biyani’s loan default
Banks, which have significant exposure to both Future Retail (FRL) and its promoters, are nudging the company to go for an all-stock merger with an existing retail player. The move has been expedited after its promoter...
KKR likely to pick 20% stake in Piramal Enterprises for Rs 3,500 crore
Piramal Enterprises is close to selling up to 20 per cent in its pharmaceuticals business, and is scouting for buyers to take up the entire stake in Shriram group entities, as part of its efforts to cut debt and prepare...
Cognizant to acquire US-based cloud player Collaborative Solutions
Cognizant has entered into an agreement to acquire Collaborative Solutions, a privately-held global consultancy specialising in Workday enterprise cloud applications for finance and human resources. The transaction is...
After Facebook, Silver Lake to invest Rs 5,656 cr in Reliance Jio Platforms
American private equity firm Silver Lake has invested Rs 5,655.75 crore in Mukesh Ambani-owned Reliance Industries’ Jio Platforms. The deal comes less than two weeks after Facebook made an investment of $5.7 billion to...
Delhi court sets aside interim relief order on Indiabulls Housing Finance
The Delhi High Court on Wednesday set aside the interim relief given to mortgage firm Indiabulls Housing Finance on paying its dues to debenture holders, including mutual funds (MFs) until the matter was heard in detail...
Manulife Investment completes 49% stake acquisition in Mahindra MF
Canada-based asset manager Manulife on Wednesday completed a 49 per cent stake purchase in Mahindra Mutual Fund (MF), for a consideration of $35 million (Rs 265 crore). At the time the deal was announced last year, it...
