Prosus-backed PayU’s acquisition of Billdesk–one of the largest deals in domestic fintech–seems delayed as the Competition Commission of India (CCI) has asked for additional information about the deal...
Online grocery seller BigBasket acquires Kerala startup Agrima Infotech
India’s largest online grocery seller BigBasket has acquired the enterprise business unit of a deep-tech company incubated by Kerala Startup Mission (KSUM) with a view to revolutionising offline retail in the...
Hemant Kanoria moves NCLT for setting aside KPMG audit at SREI
Hemant Kanoria, founder of SREI, has moved the Kolkata Bench of the National Company Law Tribunal (NCLT) for setting aside a forensic audit by KPMG into the company. Lenders had, in March-April 2021...
IBM announces acquisition of US-based Neudesic; adds to India presence
IBM today announced the acquisition of Neudesic, a US-based cloud services consultancy specializing primarily in the Microsoft Azure platform, along with bringing skills in multi-cloud. This acquisition will...
Intel acquires Israeli chip maker Tower Semiconductor for $5.4 bn
Chip-maker Intel on Tuesday confirmed it is acquiring Israeli contract chip manufacturer Tower Semiconductor for approximately $5.4 billion. The acquisition advances Intel’s IDM 2.0 strategy as the company further...
Adani, Jindal Power join race to buy Videocon’s consumer durable business
The Adani Group and Jindal Power have expressed their interest to acquire Videocon’s consumer durable business which was put on sale for the second time by the lenders. The Adani group’s surprise entry into...
NCLAT will hear Amazon’s interim plea on CCI order on February 14
The National Company Law Appellate Tribunal (NCLAT) will hear e-commerce major Amazon’s interim plea on February 14, seeking a stay over the order passed by fair trade regulator CCI that had suspended the over two...
UK competition watchdog fines Meta $2 million over Giphy acquisition
The UK Competition and Markets Authority (CMA) has fined Meta (formerly Facebook) $2 million for failing to disclose key changes regarding its $315 million acquisition of online database and search engine Giphy...
Sintex Industries insolvency in final stages, company receives revised bids
Four companies, including Reliance Industries, competing for Sintex Industries have revised their bids that will now be placed before the Committee of Creditors (CoC) of the debt-ridden textiles maker for approval...
IL&FS sells its 35% stake in WCBTRL, resolves Rs 324 cr group debt
IL&FS Group said it has completed the sale of its 35 per cent stake in Warora Chandrapur Ballarpur Toll Road Limited (WCBTRL). Accordingly, the stake was sold to IL&FS’ majority joint venture...
Drugmaker Cipla to buy 32.49% stake in AMP Energy Green Eleven
Drug major Cipla said it has signed a pact to acquire 32.49 per cent stake in AMP Energy Green Eleven to set up a captive solar power project in Maharashtra. The company has entered into a shareholder’s agreement...
MapmyIndia to acquire 9.9 pc stake in geospatial company Pupilmesh
Digital maps company CE Infosystem, which operates under the MapmyIndia brand, on Wednesday said it will acquire 9.9 per cent stake in geospatial company Pupilmesh Private Limited for about Rs 49 lakh...
