Financially stressed McNally Bharat Engineering, a BM Khaitan Group company, has proposed a resolution plan to its lenders outside the purview of the National Company Law Tribunal (NCLT). According to the plan, McNally...
CBS and Viacom seal deal to merge 13 years after they split: Report
CBS Corp and Viacom Inc have reached an agreement in principle, sources familiar with the matter told Reuters on Tuesday, reuniting media mogul Sumner Redstone’s U.S. entertainment empire after 13 years apart...
Steel executives’ guild urges PM Modi for ‘hassle-free’ SAIL-NINL merger
Neelachal Ispat Nigam Ltd (NINL) which is in the dumps following its lead promoter MMTC’s decision to exit the public sector steel unit, has elicited support from a confederation of steel executives. Kolkata-based...
DHFL resolution plan: Stakeholders seek legal protection from future claims
Key stakeholders in the beleaguered Dewan Housing Finance Corporation (DHFL), including the consortium of bankers, unsecured creditors and potential PE investors, are discussing the possibility of a legal framework...
Reliance Jio ties up with Microsoft for digital transformation
Jio on Monday announced 10-year deal with Microsoft that will help the telecom player set up a network of large data centers across India. The tech giant will deploy Azure cloud platform in these centres to support...
Vodafone Idea selects Amdocs to consolidate postpaid operations
Vodafone Idea on Thursday said it has selected software firm Amdocs to consolidate its postpaid operations for retail and enterprise customers across mobile as well as fixed-line services. As part of the new multi-year...
Pension fund manager CPPIB looks to re-enter private debt market in India
Canada Pension Plan Investment Board (CPPIB), biggest pension fund manager in that country, is looking to re-enter the private debt market here. In 2014, it had formed a joint venture (JV) with Piramal Enterprises to...
Cipla increases stake in consumer health biz to 100%, looks for tie-ups
Cipla is increasing its stake in its consumer health business to 100 per cent and is looking for tie ups with e-pharmacies for sales growth in the domestic market. On Wednesday the company announced it is acquiring a 26...
Awfis raises $30 mn in fourth round of funding led by ChrysCapital
Awfis, which offers co-working spaces, has raised an additional $30 million in its fourth round of funding from marquee investor ChrysCapital. Existing investors, Sequoia India & The Three Sisters Institutional...
Razorpay acquires Gurgaon-based fraud prevention AI startup Thirdwatch
Payments solution company Razorpay said on Monday that it has acquired Thirdwatch, a company that specialise in big data and machine learning for real-time fraud prevention, for an undisclosed amount. The Gurgaon-based...
Billionaire investor Vinod Khosla’s fund invests $2 mn in Veri5Digital
Billionaire investor Vinod Khosla’s fund Khosla Ventures has invested $2 million in Veri5Digital, one of the start-ups incubated at its local incubator firm Khosla Labs. Veri5Digital, earlier called Aadhaar Bridge...
Zee may have offloaded its stake but it isn’t enough to satisfy investors
The sale of a stake in Zee Entertainment Enterprises Ltd. to a foreign fund failed to cheer investors, who say the transaction leaves founders of India’s largest publicly-traded television network with the need to raise...
