Indian Energy Exchange (IEX), the country’s largest power exchange, has sold 4.93% of its stake in Indian Gas Exchange Ltd to Indian Oil Corp. IEX and National Stock Exchange are promoters of IGX, India’s only gas...
Microsoft buys game maker Activision Blizzard for about $70 billion
Microsoft is paying nearly $70 billion for Activision Blizzard, the maker of Candy Crush and Call of Duty, to boost its competitiveness in mobile gaming and virtual-reality technology. The all-cash $68.7 billion deal...
Devas-Antrix deal: All you need to know
Finance Minister Nirmala Sitharaman on Tuesday accused Congress-led UPA of entering into a “fraud” and “scandalous” deal with Devas Multimedia by allocating S-band spectrum used by the defence...
ZingHR raises $10 million from Tata Capital Funds
ZingHR today said it has raised $10 million from Tata Capital Funds, according to a company statement on Monday. The latest investment gives Tata Capital Funds a 33% stake in the company. ‘ZingHR has a presence in...
Actis looks to buy Welspun’s road assets for up to ₹10,000 crore
Private equity investor Actis is in advanced talks to buy six road assets of Welspun Enterprises Ltd for an enterprise value of ₹8,000 crore- ₹10,000 crore, said two people aware of the development, requesting anonymity...
Vedanta is willing to spend as much as $12 bn to acquire BPCL
Vedanta Group is willing to spend $12 billion to acquire India’s state-owned refiner Bharat Petroleum Corp., an asset sale that’s among the nation’s biggest and which has faced delays in completion. “We’re not going to...
Jhunjhunwala-backed Nazara Tech’s unit acquires 100% stake in Planet Superheroes
Nazara Technologies on Thursday announced that its unit NODWIN Gaming has acquired 100% stake in licensed merchandising D2C company Planet Superheroes. Shares of Nazara Tech were trading over 2% higher at ₹2,360 apiece...
Govt puts divestment of CEL on hold
The government has put disinvestment of Central Electronics Limited on hold pending examination of allegations made by the public sector enterprises’ employees association, a top official told Mint. The letter of intent...
Curefoods raises $62 mn from Iron Pillar, Binny Bansal, others
Curefoods Pvt Ltd, a cloud kitchen startup floated by Cure.fit co-founder Ankit Nagori, has announced $62 million fundraising from existing investors Iron Pillar, Chiratae Ventures, Sixteenth Street Capital, Accel...
SoftBank-backed Thrasio startup GlobalBees buys three more brands
GlobalBees Brands Pvt Ltd, that aggregates and invests in e-commerce brands, has acquired three more direct-to-consumer (D2C) brands in a bid to expand its product portfolio, the company said in a statement on Tuesday...
Blackstone Group sells its entire stake in Mindspace REIT for $235 million
Global asset management firm Blackstone Group Lp on Monday sold its entire 9.2% stake in Mindspace REIT to Abu Dhabi Investment Authority (ADIA) for $235 million, according to two people familiar with the development...
Videogame maker Take-Two Interactive to buy Zynga in $12.7 billion deal
Take-Two Interactive Software Inc. has reached a deal to buy Zynga Inc. in a $12.7 billion deal that would unite two videogame companies with a presence across gaming platforms. The cash-and-stock deal would value...
