Diversified Max Group has sold a 13 per cent stake in Max Life Insurance Company to the country’s third-largest private sector lender Axis Bank, which will now be a co-promoter of the insurer. The completion of...
CareerLabs raises $2.2 mn from Rocket Internet’s VC fund GFC, others
Profile building startup CareerLabs on Monday said it has secured USD 2.2 million in a new financing round led by Rocket Internet’s VC fund Global Founders Capital to scale its platform. UPL Chief Digital Officer...
Byju’s acquires Aakash Educational Services for $1 bn via strategic merger
Edtech decacorn Byju’s has closed the deal to acquire exam preparation firm Aakash Educational Services Limited (AESL) for nearly $1 billion. The stock-and-cash deal is the biggest in the education space, said sources...
Pressing question before India’s tech unicorns: Where to bring an IPO?
Internet initial public offering (IPO) news is coming from all corners: Flipkart, PolicyBazaar, Zomato, Ola, Freshworks, PepperFry, Nykaa and Delhivery are all at various stages of finalising their plans. According to...
Hitachi’s acquisition of GlobalLogic a bump up for Indian E&RD segment
The $31 billion engineering, research and development (E&RD) sector in India is in a jubilant mood with Japan’s Hitachi announcing the acquisition of US-based software development firm GlobalLogic for $9.6 billion...
Wipro to acquire Australian cybersecurity provider Ampion for $117 million
Wipro on Thursday announced that it has signed an agreement to acquire Ampion, an Australia-based provider of cybersecurity, devops and quality engineering services. According to reports, Wipro will acquire Ampion for...
Amazon acquires Perpule for over Rs 107 cr to boost its tech for kiranas
Amazon Technologies Inc., part of Amazon.com Inc., has acquired retail tech firm Perpule in an all cash-deal of over Rs 107 crore to strengthen its efforts in the area of providing technology to kiranas, according to...
After acquiring Bhushan Power, JSW Steel eyes Neelachal Ispat
After completing the acquisition of Bhushan Power & Steel under the insolvency law, Sajjan Jindal-controlled JSW Steel, has thrown its hat in the ring for Neelachal Ispat Nigam Ltd (NINL). Sources said that the...
Adani Transmission jumps 6% on acquisition of Warora-Kurnool Transmission
Shares of Adani Transmission (ATL) hit a new high of Rs 924.40 as they rallied 6 per cent on the BSE in intra-day trade on Tuesday on the acquisition of Warora-Kurnool Transmission Limited (WKTL) from Essel...
Here’s how the American SPACs rocket failed to take off in Europe
“I get an email almost every morning from some SPAC seller telling me to do a SPAC with them,” said Johnny Boufarhat, CEO of Hopin, a virtual events platform. “It’s interesting, but it also...
WeWork takes SPAC route to go public in $9 bn deal with BowX Acquisition
WeWork has agreed to go public through a merger with blank-check firm BowX Acquisition Corp, in a deal that values it at $9 billion, the office-sharing startup said on Friday. The deal marks a steep drop from the $47...
Tencent faces concessions to win green light for giant videogaming merger
Chinese internet giant Tencent Holdings Ltd is having to offer concessions in a plan to merge the country’s top two videogame live-streaming sites in order to resolve antitrust concerns, two people with knowledge...
