Amazon.com Inc. and Spotify Technology SA are exploring bids for Audioboom Group Plc and may decide on formal offers for the podcasting group as soon as this month, Sky News said. The two digital giants have been...
CredAvenue partners Infosys Finacle for co-lending solutions
CredAvenue, provider of co-lending platform – CredCoLend, on Thursday announced a collaboration with leading digital banking solution provider Infosys Finacle to develop innovative co-lending solutions. The...
Ola eyes NBFC acquisition to expand financial services business: Report
IPO-bound Ola is looking to expand its financial services business and also obtain an NBFC licence through the acquisition route, sources said. Ola is said to be in talks to acquire at least 3 companies to augment its...
ShareChat seals strategic merger with MX Taka Tak
Homegrown social media platform ShareChat, wthe parent of short-video platform Moj, announced a “strategic merger” with Times Internet-owned MX Taka Tak on Thursday. The deal, which was first reported by Mint in...
Persistent to buy Data Glove for $90.50 mn
IT services firm Persistent Systems Ltd said on Thursday it has entered into an agreement to acquire New Jersey-based Data Glove Inc. for a total consideration of $90.50 million. The acquisition is expected to be...
Govt weighs 5% stake sale in LIC IPO, no fresh stock to be issued: Report
India is considering selling about 5% of the shares it holds in a state insurer as it prepares to file documents for the country’s biggest initial public offering, according to people familiar with the matter. The...
Cerberus, the top bidder for Yes Bank’s ARC
Cerberus Capital Management has emerged as the top bidder to acquire around ₹55,000 crore of bad loans from Yes Bank Ltd, with plans to transfer the assets to a jointly sponsored asset reconstruction company, said two...
KFintech acquires Hexagram to expand into fund accounting, reconciliation solutions
Private equity investor General Atlantic-owned KFin Technologies Pvt. Ltd, an investor and issuer servicing platform, on Wednesday said it has acquired Hexagram Fintech, an IT product company specialising in fund...
Swiggy is in talks to acquire table booking app Dineout
Food aggregator Swiggy is in early talks with Times Internet-backed Dineout, three people aware of the discussions said. The food delivery app is exploring either a complete or partial buyout of the restaurant...
Re-bid for non-core PSU telco assets soon
The government will go for re-bidding of non-core assets of telecom public sector units Bharat Sanchar Nigam Limited and Mahanagar Telecom Nigam Limited after it received a lacklustre response in the first-ever sale of...
Apple buys startup that makes music with artificial intelligence
Apple Inc. acquired a startup called AI Music that uses artificial intelligence to generate tailor-made music, according to a person with knowledge of the matter, adding technology that could be used across its slate of...
Polygon Technology raises $450 mn from Sequoia, Tiger Global, SoftBank, others
Ethereum-based blockchain scaling service provider Polygon has raised $450 million in a funding round led by Sequoia Capital India, Tiger Global Management and SoftBank with participation from more than 40 major venture...
