The finance ministry is looking at the innovative Real Estate Investment Trusts (REITs) model for sale of land assets of CPSEs and also those which are classified as ‘enemy property’ by the government. REITs, which are...
Airline foray? Adani Group may bid for Jet Airways
The Adani Group is likely to bid for Jet Airways as the airline goes through a bidding process to get a new investor in April, two sources close to the development told FE. The group, with interests in logistics, energy...
Jet Airways crisis: Banks ask Naresh Goyal to pledge his 51% stake
Bankers to Jet Airways are understood to have asked promoter Naresh Goyal to pledge his entire stake of 51% in the carrier to them as they consider throwing him a lifeline in the form of interim funding. Bankers...
IDBI Bank goes for operational rejig after LIC deal
IDBI Bank on Wednesday sought bids from consultants to carry out an organisational restructuring and help tap synergies between the lender and its new promoter, Life Insurance Corporation (LIC) of India. LIC completed...
Can Mindtree founders fend off L&T takeover bid?
Mindtree founders are making every possible effort to stave off a hostile takeover bid by L&T, which has launched an open offer for 31 per cent company shares after buying 20.32 per cent stake from investor V G...
Donald Trump puts pressure on General Motors CEO to sell Ohio plant
A day after demanding that General Motors Co. keep open a plant in Lordstown, Ohio, that it’s idling, President Donald Trump said he asked Chief Executive Officer Mary Barra to sell the plant and tried to shift blame to...
Azim Premji Trust plans to sell 2.6 crore shares in Wipro; key things to know
Azim Premji Trust is planning to sell 26.67 million (2.6 crore) shares in Wipro at a price range of Rs 255.40 to 260.78 per share, TV news channels reported citing the IT services major. The trust will end selling up to...
Disinvestment on fast track: PSU stake sale pricing, timing to be decided quickly with new mechanism
To fast-track strategic sale of CPSEs, the Cabinet Thursday allowed Alternative Mechanism to decide on the timing, price and quantum of shares of a state-run company to be put on the block for outright sale. “The CCEA...
L&T Infotech likely to finalise Mindtree stake acquisition this week from Cafe Coffee Day founder
L&T Infotech is likely to finalise acquiring Cafe Coffee Day founder VG Siddhartha’s 20.41% stake in Mindtree as early as this week for a price close to `975/ share, which is higher than the price offered by KKR at...
Jai Kisan raises $1.5 million in seed round led by Blume Ventures
Fintech platform Jai Kisan has announced that it has raised $1.5 million in a seed round, led by venture fund Blume Ventures, Prophetic Ventures, Better Capital, Astarc Ventures, Harshbeena Zaveri (NRB Bearings), Sanjay...
ICICI Bank to buy 9.9% in NBFC Kisan Finance for Rs 18 crore
ICICI Bank Monday said it will acquire 9.9 per cent stake in non-banking finance company Kisan Finance for cash consideration of Rs 17.82 crore. The bank said it will buy 1.49 crore shares to acquire 9.9 per cent stake...
Reliance’s Mukesh Ambani gears up for e-commerce play, acquires two more startups
Business magnate Mukesh Ambani seems to be developing a penchant for partnering with startups. Textile-to-telecom giant Reliance Industries has now entered into agreements to acquire two startups, first, last mile...
