Bengaluru-based Capillary Technologies, which provides customer engagement and loyalty software services, said that it acquired certain assets of Kognitiv, a Canadian company that helps clients manage their customer...
NCLT adjourns hearing on Bhushan Power & Steel’s promoter plea for a month
The NCLT on Tuesday adjourned its hearing over a petition filed by Sanjay Singhal, former promoter of debt-ridden Bhushan Power & Steel Ltd (BPSL), to June 26. Singhal has approached the National Company Law...
NCLT admits L&T Finance plea against Tikona Infinet over unpaid dues
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted L&T Finance’s application to initiate bankruptcy proceedings against Tikona Infinet. The financial creditor has alleged a default of...
Oberoi Realty sells 21.74% in JV I-Ven Realty to Alpha Wave for Rs 1,250 cr
Realty developer Oberoi Realty has sold 21.74% stake in its joint venture company I-Ven Realty to global investment firm Alpha Wave Ventures II for Rs 1,250 crore, making it one of the largest private equity investments...
India’s insolvency law has bankers going bald
If harsh haircuts on bankrupt assets weren’t bad enough, India’s lenders must now be going bald with worry. A recent court order has raised the unpleasant prospect of having to return the money new owners paid them to...
Himadri Chem in talks to buy 10-12% in US battery co
Kolkata-headquartered Himadri Speciality Chemical Ltd is in advanced talks to buy a 10-12% stake in International Battery Company (IBC), a US-based lithium-ion battery cell technology firm, said people familiar with the...
Eric Trump-backed American Bitcoin to go public through all-stock merger
American Bitcoin, a new bitcoin miner backed by US President Donald Trump’s two eldest sons, said on Monday it will list on the Nasdaq via an all-stock merger with Gryphon Digital Mining. Existing shareholders of...
China’s Ant Group to sell 4% stake in Paytm for $242 million, term sheet shows
China’s Ant Group will sell a 4% stake in Indian payments firm Paytm for $242 million, a term sheet seen by Reuters on Monday showed. Ant, an affiliate of Chinese conglomerate Alibaba Group, will sell the stake at...
Bhushan Power ex-promoter moves NCLT to give effect to SC liquidation order
Sanjay Singal, the erstwhile promoter of Bhushan Power and Steel (BPSL), has filed an application before the National Company Law Tribunal (NCLT) Delhi, seeking directions to implement the Supreme Court’s recent...
Japan’s SMBC to take 20% stake in India’s Yes Bank
Japanese lender Sumitomo Mitsui Banking Corporation (SMBC) has a agreed to acquire a 20% stake in Indian private lender Yes Bank in what would be the largest cross-border merger and acquisition deal in India’s...
BofA acquires stakes in Angel One, Nuvama in Rs 500 crore block transactions
Bank of America (BofA) on Friday bought shares in Angel One and Nuvama Wealth Management via block deals. In the former case, BofA bought over 15.19 lakh shares worth Rs 348 crore through its French subsidiary BofA...
Bhushan Power creditors weigh legal options after SC scraps JSW Steel deal
Creditors to Bhushan Power & Steel, including State Bank of India, Punjab National Bank, and Asset Care Reconstruction Enterprise (ACRE), are assessing the legal paths available to them after the Supreme Court...
