The Supreme Court Tuesday set aside three Delhi High Court orders including the refusal to grant a stay on the final arbitral award which had restrained Future Retail Ltd from going ahead with its Rs 24,731 crore merger...
What are the challenges facing Air India after acquisition by Tatas?
It appears that the JRD’s silent prayer has been answered. Last Thursday, the airline took off from the government s runway and landed in the founder’s fold, shedding the air of lethargy too. The government gave the...
Supreme Court to hear Future Retail’s plea against lenders on January 31
The Supreme Court will hear Future Retail’s plea against lenders on January 31. The Kishore Biyani-led company had filed a petition, requesting the Supreme Court to pass an order to refrain its lenders from declaring it...
Fintech company Kissht raises Rs 100 cr from Trifecta Capital, Northern Arc
Fintech company Kissht said it has raised Rs 100 crore in a funding round led by Trifecta Capital and Northern Arc. In the current round, Trifecta and Nothern Arc have each subscribed to Rs 50 crore of non-convertible...
TVS Motor acquires 75% in largest Swiss e-bike player SEMG for $100 million
TVS Motor Company, the flagship firm of the $8.5-billion TVS Group, has acquired a 75 per cent stake in Swiss e-Mobility Group (SEMG) for $100 million (about Rs 752 crore). This is the company’s second acquisition in...
CCI approves deal involving three GlaxoSmithKline group entities
Competition Commission of India (CCI) has cleared the proposed acquisition of consumer healthcare company GlaxoSmithKline Asia Pvt Ltd by two other GlaxoSmithKline group entities. GlaxoSmithKline Asia Pvt Ltd is into...
NCLAT issues stay order on insolvency proceedings against HCL Tech
The National Company Law Appellate Tribunal (NCLAT) has put a stay on the insolvency proceedings against India’s third largest IT services player HCL Technologies. The National Company Law Tribunal (NCLT) had on January...
Twin Star Technologies moves SC against NCLAT stay in Videocon case
Twin Star Technologies, a promoter entity of the Vedanta Resources group, has moved the Supreme Court against the National Company Law Appellate Tribunal (NCLAT) order, which set aside the approval granted by the Mumbai...
Farm tech platform DeHaat acquires agri-input marketplace Helicrofter
DeHaat, the technology-based platform offering end-to-end agricultural services to farmers in India, today announced its acquisition of Maharashtra-based B2B agri-input marketplace startup, Helicrofter. The financial...
Oil India exits US shale venture, sells 20% stake for $25 million
State-owned Oil India Ltd (OIL) has exited from a US shale oil venture, selling its 20 per cent stake to its venture partner for USD 25 million — the second exit of an Indian firm from the US shale business in two...
Hero invests Rs 420 cr in Ather Energy, to unveil its first EV in March
Hero Motocorp, the world’s largest manufacturer of motorcycles and scooters, on Friday, announced an investment of up to Rs 420 crore in Ather Energy. Prior to this, Hero’s shareholding in Ather Energy was 34.8 per cent...
Shiprocket acquires B2B logistics aggregator Rocketbox
Tech-enabled logistics and fulfilment company Shiprocket on Friday said it has acquired Rocketbox, a B2B logistics aggregator platform, for an undisclosed amount. The Rocketbox founders will join the Shiprocket...
