Zee Entertainment Enterprises Ltd and Sony Pictures Networks India plan to complete the due diligence process for the proposed merger by the end of November, three weeks ahead of the 90-day deadline set by the two...
Tech Mahindra acquires Lodestone and WMW for $118 million to bolster digital portfolio
Pune-based IT services major Tech Mahindra Ltd said on Monday it has acquired two companies – US-based Infostar LLC (Lodestone) and London-based We Make Websites Ltd (WMW), for $105 million and 9.4 million pounds...
Talks over sale of troubled Italian Bank Monte dei Paschi near collapse
Months-long talks between the Italian government and bank UniCredit SpA over the sale of nationalized lender Banca Monte dei Paschi di Siena SpA are close to falling apart, according to people familiar with the matter...
Nexus Malls to expand portfolio via Blackstone’s acquisitions
Nexus Malls, which is owned by Blackstone Group Lp, looks to expand its portfolio of shopping malls through aggressive acquisitions by the US-based asset manager, said a top company executive. Nexus, which started...
Scaler Academy acquires Coding Minutes for $1 million
Scaler Academy, by InterviewBit, one of the fastest-growing tech upskilling startups, has acquired online learning platform Coding Minutes for $1 million in an all-cash deal. This is the second acquisition for the...
IHCL to buy balance stake in Roots Corp., raise ₹4,000 crore
Indian Hotels Co. Ltd (IHCL) on Thursday said it plans to buy the 40% stake it doesn’t own in unit Roots Corp. Ltd, which runs the Ginger brand of economy hotels, for ₹500 crore. The IHCL board also approved plans to...
Arbitration panel rejects Future’s plea on Reliance deal in dispute with Amazon
A Singapore arbitration panel has rejected Future Retail’s plea to quash an order from last year that put its $3.4 billion deal with Reliance on hold, in a boost for its partner Amazon.com Inc which is seeking to...
IndusInd Bank to raise ₹2,800 cr via issuance of bonds
Private lender IndusInd Bank on Thursday informed the stock exchanges that its Board has approved the issuance of bonds worth ₹2,800 crore on a private placement basis. The bonds will be rated, listed, non-convertible...
FarMart raises $10Mn in a Series A investment led by Matrix Partners India
Food supply software platform FarMart has raised $10 million as a part of its Series A funding round led by Matrix Partners India, the company said on Thursday. The round also saw participation from Innoven Capital and...
PayPal’s Pinterest takeover idea may be a bit too pricey
PayPal Holdings Inc. is said to be exploring a $45 billion takeover of Pinterest Inc., and investors are as puzzled by the pairing as they are by the astronomical valuation. After Bloomberg News broke the story of the...
Yes Bank set to approach NCLT against Dish TV India
Yes Bank Ltd is finalizing the paperwork to sue satellite television operator Dish TV India Ltd over its refusal to hold a special shareholders meeting, three people aware of the matter said. The private lender, Dish...
Cred, finally entering wallet space with an acquisition
Cred, a credit card bill payments platform, is set to enter the wallet payments business by acquiring liquor delivery startup HipBar Pvt. Ltd, which owns a prepaid payment instrument (PPI) licence, three people aware of...
