Online food delivery platform Swiggy announced it has acquired Dineout, a dining out and restaurant tech platform, for an undisclosed sum. Dineout, which serves millions across its network of 50,000 restaurants in 20...
Byju’s in talks with lenders for $1 billion to fund acquisition plans
Byju’s, India’s most valuable startup, is in talks with lenders to raise more than $1 billion in acquisition financing as the online education provider looks to expand its business rapidly, people familiar with the...
Deadline for Reliance Cap resolution plans extended till June 30: Report
Lenders have agreed to extend the deadline to submit bids for the resolution of debt-ridden Reliance Capital Ltd by a month till June 30 after bidders’ cold response so far, sources said. A Committee of Creditors...
Future Group sells 25% stake in FGIICL to partner Generali for Rs 1,266 cr
Debt-ridden Future Group on Thursday said it has completed the sale of its 25 per cent equity in Future Generali India Insurance Company Ltd (FGIICL) to its JV partner Generali for Rs 1,266.07 crore as part of its asset...
Adani Transmission gets nod for Rs 3,850 cr investment by Abu-Dhabi firm
Adani Transmission Ltd said it received shareholders’ approval for issuance of 1.56 crore shares worth around Rs 3,850 crore on a preferential basis to Green Transmission Investment Holding RSC Ltd. At present...
L&T Infotech and Mindtree merger to start on strong foundation: Analysts
With the buzz on merger of L&T Infotech (LTI) and Mindtree getting stronger, analysts believe that the merged entity will start on a strong foundation of growth as the combined total contract value (TCV) of both...
NCLT admits petition for CIRP against EPC firm McNally Bharat Engineering
The Kolkata Bench of the National Company Law Tribunal (NCLT) on Friday admitted a petition to start an insolvency process against McNally Bharat Engineering Company Limited, the troubled engineering, procurement and...
Elon Musk’s initial 9% stake purchase in Twitter under FTC scrutiny: Report
Tesla Inc Chief Executive Elon Musk’s initial 9% stake purchase in Twitter Inc is being probed by the Federal Trade Commission (FTC), The Information reported on Thursday. The FTC is looking into whether Musk...
Cabinet approves amalgamation of CDC with CSIR; assets to move to latter
The Union Cabinet on Wednesday approved the amalgamation of Consultancy Development Centre (CDC) along with its manpower, moveable assets and liabilities with the Council of Scientific and Industrial Research (CSIR)...
Tata Group approaches CCI for merger between Air India and AirAsia India
Tata Sons-owned Air India has approached the anti-trust regulator Competition Commission of India (CCI) for a merger of its low-cost subsidiary Air Asia India. “The proposed combination relates to the acquisition of the...
Investors guide to benefitting from increased M&A activity in India Inc
The deal market is buzzing with a spate of mergers and acquisitions being announced by India Inc. Starting from PVR-Inox to HDFC-HDFC Bank, the Indian corporates have seen big names announcing mergers. And the list...
Will BBNL’s merger with BSNL expedite Bharat Net project?
A flagship scheme of the Digital India campaign, the ambitious BharatNet project launched to connect India’s gram panchayats with high-speed broadband has long been marred by delays. It was started in 2011 as the...
