Nasper-backed fintech firm PayU has started talks to acquire domestic payment gateway major BillDesk, and the deal size could be in the range of $3-4 billion, sources in the know said. “BillDesk has been open to being...
Sumitomo Mitsui Financial Group to acquire 74.9% stake in FICC for $ 2 bn
Japan’s Sumitomo Mitsui Financial Group (SMFG) is set to acquire a 74.9 per cent stake in Fullerton India Credit Company (FICC), a non-banking finance company that offers credit to retail as well as small businesses...
150 year-old Allana Group invests $10 mn in Iron Pillar Fund II
Technology-focused venture capital firm Iron Pillar has received an investment of $10 million from Allana Group in its Fund II. The 150-year-old group has manufacturing and distribution in 20 countries and has market...
KKR drives into transportation, acquires GIP’s highway portfolio
Global investment firm KKR on Monday said it will acquire Global Infrastructure Partners’ (GIP’s) entire interest in Highway Concessions One (HC1) and seven highway assets with a total length of 487 kms. HC1 is a...
PhonePe partners Flipkart to digitise cash-on-delivery payments
Digital payments platform PhonePe on Monday said it has partnered with Flipkart to enable pay-on-delivery service for the e-commerce major’s orders. PhonePe’s dynamic QR code solution will enable customers...
Tech Mahindra partners StaTwig for Covid-19 vaccine supply chain
IT major Tech Mahindra on Monday said it has partnered with StaTwig, a Singapore and Hyderabad-based digital supply chain solution provider, to implement vaccine traceability platform ‘VaccineLedger’...
UTI Officers’ Association moves top court in 26% stake sale case
The Supreme Court has ordered an issue of notice to UTI AMC stakeholders State Bank of India, Bank of Baroda, LIC, Punjab National Bank and the government, along with T Rowe Price, in an appeal pertaining to the 26 per...
Arm CEO says Nvidia merger better than becoming standalone public company
Nvidia Corp’s proposed $40 billion acquisition of Arm Ltd would better support the creation of UK technology jobs than the SoftBank Group Corp unit becoming a standalone public company once again, Arm’s...
Shinsegae Group’s E-Mart acquires 80.01% of shares in eBay Korea
Shinsegae Group’s E-Mart officially acquired about 80 per cent of share in eBay Korea, which operates G market and Auction, on the 30th. E-Mart announced that it has signed a stock trading contract to acquire 80...
AMD wins European Union antitrust nod for $35 billion Xilinx acquisition
Semiconductor designer Advanced Micro Devices Inc (AMD) has secured unconditional EU antitrust approval for its $35 billion bid for Xilinx Inc. AMD announced the deal in October last year, intensifying its battle with...
IDBI Intech eyes fintech firms for takeover as it expands in Europe, Asia
IDBI Intech Ltd, the technology services arm of IDBI Bank, is expanding into business geographies like Europe, South East Asia and Japan to provide services including digital regulatory compliance. The firm is also in...
Godrej holding company hikes stake in Godrej Properties, Agrovet
In a move to increase stake in the group’s listed companies, Godrej Industries on Tuesday bought 2.53 per cent in Godrej Properties, the realty arm, from six Godrej family trusts for Rs 997.2 crore. With the stake buy...
