Japanese chipmaker Renesas Electronics Corp and India’s Tata Motors have formed a strategic partnership to design, develop and manufacture semiconductor solutions for domestic and global markets...
Walgreens defers Boots UK sale; Reliance to look for other opportunities
American retail major Walgreens Boots Alliance on Tuesday said it would retain its pharma retail business — Boots UK — thus abandoning the entire sale process. The company did not make any comment specifically on the...
Spirit Airlines rejects JetBlue offer, backs merger with Frontier Group
Spirit Airlines Inc rejected JetBlue Airways Corp’s sweetened takeover offer and recommended that shareholders vote in favour of a merger with Frontier Group Holdings Inc at a meeting on Thursday. JetBlue had on...
SIAC dismisses Future Group’s plea to terminate arbitration proceedings
The Singapore International Arbitration Centre (SIAC) has dismissed Future Group’s plea to terminate the arbitration proceedings between the Kishore Biyani-led firm and Amazon. The order said that there is no ground for...
Yes Bank-Dish TV battle set to move to SC; Goel camp to appeal HC order
The legal tussle between YES Bank and the promoters of satellite TV broadcaster Dish TV India is set to move to the Supreme Court as the Subhash Goel family plans to appeal against the Bombay High Court order which...
Crypto exchange FTX acquiring stake in lending firm BlockFi: Report
Leading crypto change is reportedly acquiring a stake in the beleaguered crypto lending firm BlockFi, as the crypto industry faces meltdown. According to Wall Street Journal, FTX is currently in discussions with BlockFi...
Global M&A braces for dry spell as boardrooms put expansion on hold
Global dealmaking is entering an arid season as raging inflation and a stock market rout curb the appetite of many corporate boards to expand through acquisitions. Russia’s invasion of Ukraine in February and...
Satin Creditcare raises Rs 96 cr by issuing bonds to two investors
Microfinance lender Satin Creditcare Network has raised Rs 96.25 crore by issuing bonds on a private placement basis to two investors. A total of 19,250 secured, rated and redeemable non-convertible debentures (NCDs) of...
Tatas exit race to buy Reliance Capital’s general insurance arm
Tata AIG General Insurance Company, a subsidiary of Tata Sons, has exited the race to buy the general insurance arm of Reliance Capital, Reliance General Insurance Company (RGICL), following the delayed sale and in...
Pine Labs acquiring fintech infrastructure start-up Setu for $70-75 mn
Pine Labs, a merchant commerce platform, is acquiring Bengaluru-based Setu, an API (application programming interface) fintech start-up. This is the Pine Lab’s third acquisition this year. Though the companies didn’t...
Chaayos raises $53 mn in Series C funding led by Alpha Wave Ventures
Leading “chai” (tea) cafe chain Chaayos announced it has raised $53 million in Series C funding led by Alpha Wave Ventures. The company said it will use the money for tech enhancement, hiring and store...
Allsec Technologies to merge with Quess Corp in an all stock deal
Business process outsourcing firm Allsec Technologies will merge with technology-enabled staffing and outsourcing services firm Quess Corp in an all-stock deal, the companies said in a joint statement on Wednesday. Upon...
