State Bank of India on Wednesday said it will explore possibilities to offload 6% of its stake in its mutual fund venture through the initial public offering route. “…the Executive Committee of Central Board of the Bank...
Flipkart, Walmart invest $145 million in Agritech platform Ninjacart
US-based retailer Walmart Inc and Flipkart Group on Monday announced to invest $145 million in agritech startup Ninjacart. This is the third time Flipkart has invested in fresh produce supply chain company Ninjacart...
Edelweiss buys back 5.3% from wealth management partner PAG for ₹230 cr
Edelweiss Wealth Management, among the top-three private wealth managers with ₹1.81 lakh crore of assets under management, has bought back 5.28% of its shares from the partner PAG by paying ₹230 crore, thus increasing...
Consortium led by RIL to buy bankrupt firm Sintex
A consortium led by Reliance Industries Ltd (RIL) is among companies seeking to acquire Sintex Industries Ltd, the bankrupt textile maker said in a stock exchange filing on Sunday. RIL has formed a partnership with...
Britain increases scrutiny of foreign takeovers
Britain is putting foreign takeovers of its businesses under greater scrutiny, complicating a popular route to overseas expansion for American companies as they spend record amounts on UK acquisitions. The U.K. has for...
Getty Images to return to public markets in near $5 bln SPAC deal
Getty Images said on Friday it would merge with a blank-check firm backed by Neuberger Berman in a deal that values the supplier of stock photos and videos at about $4.8 billion, including debt, marking its return to...
Federal Bank and Star Health Insurance tie-up for bancassurance
Federal Bank has joined hands with Star Health and Allied Insurance Co Ltd as a corporate agent to provide a wide range of innovative health insurance products for the Bank’s 8.90 million customers spread over 1,291...
285 firms face bankruptcy action in Apr-Sep
Lenders took 285 companies to bankruptcy tribunals in the six months to September after a year-long moratorium on bankruptcy action was lifted in March, official data showed. In the September quarter alone, 144...
Airbus takes lead in bid to win Dutch KLM jet deal: Report
Airbus has taken the lead in a bid to supply A321neo jets to Dutch airline KLM, potentially beating rival Boeing’s 737 MAX, three people familiar with the matter said on Wednesday. A decision could be taken by...
HCL Tech, apoBank to acquire German IT Consulting firm
IT firm HCL Technologies and Deutsche Apotheker- und Ärztebank eG (apoBank) – the largest cooperative primary bank in Germany – have signed an agreement to acquire IT consulting company Gesellschaft für...
Generali eyes bigger stake in India businesses as Future seeks exit: Report
Italy’s Generali is in talks to raise its stake in two Indian insurance businesses as its local partner, debt-laden Future Group, looks to exit the arrangement, three people familiar with the discussions told...
SpiceJet says Madras HC stayed its earlier order of winding up the airline
The Madras High Court stayed its earlier order of winding up SpiceJet and appointment of official liquidator for a period of three weeks, subject to the condition that the company deposits the amount equivalent to $5...
