Billionaire Mukesh Ambani’s Reliance Industries Ltd. is considering a bid for Indian government incentives for solar power manufacturing, as the fossil-fuels giant begins a $10 billion push into clean energy, according...
CCI approves deal involving SoftBank Group entity buying stake in Swiggy
Competition Commission of India (CCI) on Monday gave its nod for a proposed deal involving SoftBank Group entity purchasing a stake in food ordering and delivery platform Swiggy. SVF II Songbird (DE) LLC would acquire...
Education platform MPOWER Financing raises $100 mn to support study abroad
MPOWER Financing, a leading provider of education loans to students, said that it has raised an equity investment of $100 million. It said the funding underscores investors’ confidence in MPOWER’s position as the...
Zambia court halts liquidation proceedings over Vedanta Resources mines
A Zambian court has stayed hearing by a state-appointed provisional liquidator for splitting up Vedanta Resources’ Konkola Copper Mines (KCM) unit and selling the assets. The stay on KCM liquidation proceedings...
Centre seeks legal opinion to let BPCL sell subsidised LPG after stake sale
A two-decade-old LPG supply order restricting supply of domestically produced LPG to only state-owned oil companies has stymied plans to allow Bharat Petroleum Corporation Ltd (BPCL) to continue selling subsidised...
Safesea Group gets approval to bid for Shipping Corporation of India
The Safesea Group has received the green signal to bid for Shipping Corporation of India (SCI), and will be given access to the company’s confidential financial data along with other bidders on Monday. Intermediaries...
RBI allows SFBs to merge with holding cos; Ujjivan, Equitas Holdings up 20%
Shares of Equitas Holdings, Ujjivan Financial Services, and IDFC rallied up to 20 per cent on the BSE in the intra-day trade on Monday after the Reserve Bank of India (RBI) allowed small finance banks (SFBs) and...
White House to target bank mergers, financial data with competition order
President Joe Biden’s planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve and the Department of Justice to update merger guidelines and increase...
Teachmint raises $20 million in funding round led by Learn Capital
Edtech platform Teachmint on Thursday said that it has raised USD 20 million (around Rs 149 crore) in a pre-series B round led by Learn Capital with participation from CM Ventures. The company plans to use the fresh...
Future deal: SC to hear on July 20 Amazon plea against HC verdict
The Supreme Court on Thursday said it would hear on July 20 the Amazon plea against the Delhi High Court verdict that stayed the directive by its single-judge and paved the way for the multi-billion dollar deal to...
Matrimony.com to buy wedding planning firm ShaadiSaga for Rs 11 cr
Matrimony.com on Wednesday said it will acquire Boatman Tech, which operates online wedding services company ShaadiSaga.com, for about Rs 11 crore. The deal will enable Matrimony.com to scale up its presence...
NCLAT issues notices to lenders, Piramal on 63 Moons Technologies’ plea
The National Company Law Appellate Tribunal (NCLAT) on Tuesday issued notices to DHFL’s lenders and its winning bidder Piramal Capital over a petition filed by 63 Moons Technologies challenging the resolution...
