Kishore Biyani-led Future Retail Ltd on Saturday said it has approached the Supreme Court against orders passed by the Delhi High Court to maintain the status quo in relation to its Rs 24,713 crore deal with Reliance...
Aakash transforming into hybrid edtech firm after Byju’s $1 bn acquisition
After getting acquired by Byju’s for $1 billion early this year, Aakash Educational Services (AESL) is transforming into a hybrid edtech firm and is expanding rapidly across the country. AESL will launch 106 new centres...
Southeast Asia tech dealmaking booms as investors place post-Covid bets
Fintech and e-commerce companies in Southeast Asia are raising hefty amounts of capital as global investors bet on post-pandemic technology plays, bankers and investors said, a trend that is also stoking concerns about...
NCLAT agrees to hear Jet staff’s plea against Kalrock-Jalan resolution plan
The National Company Law Appellate Tribunal will hear on October 8 an appeal filed by Jet Airways employees against the Kalrock-Jalan revival plan. Various employee groups have moved the appellate tribunal seeking a...
Suumaya Industries acquires 51% stake in agritech startup payAgri
Suumaya Industries Ltd on Tuesday said it has acquired 51 per cent stake in agri-tech startup payAgri Innovations to expand its farm business. The company did not disclose the deal value. Suumaya Industries, which is...
Arvind Fashions raises Rs 439 crore from investors, promoters
Arvind Fashions Ltd (AFL), India’s leading casual and denim manufacturer, on Saturday said it has raised Rs 439 crore from various marquee investors including promoters by issuing equity shares of the company...
8 law firms in race to advise on sale of govt’s 45.48% stake in IDBI Bank
About eight law firms are in the race to advise the government in the strategic disinvestment of IDBI Bank. These law firms will make a presentation before the Inter-Ministerial Group (IMG) chaired by DIPAM Secretary on...
SpiceJet kicks off cargo business sale; valuation at Rs 2,500 crore
SpiceJet, India’s second-largest private airline, kicked off the process of hiving off its logistics business to its subsidiary SpiceXpress as it looks to raise much-needed capital. On Tuesday, the company sought its...
$86 bn of takeovers, but big oil’s merger mania has an eye on its demise
Is a barren year for oil industry deal activity finally coming to an end? So far there’s been $86 billion of takeovers announced, pending or completed, according to data compiled by Bloomberg. If things continue at...
Cognizant acquires a digital engg firm, its sixth acquisition in 2021
Nasdaq listed IT services major Cognizant has acquired digital engineering assets from Hunter Technical Resources, a privately-held digital engineering and project management agency headquartered in Atlanta, Georgia...
Infosys invests an additional Rs 3.3 cr in California-based TidalScale
IT services major Infosys said that it has made an additional investment of $0.45 million (around Rs 3.3 crore) in California- based TidalScale. Taking its total investment in the company to $3.45 million. TidalScale is...
ReNew Power to list on Nasdaq this month, RMG investors approve merger
ReNew Power, one of India’s leading renewable energy companies, is expected to get listed on NASDAQ by the end of this month. This will make it the second Indian green energy company to do so and the first through the...
