The U.K.’s competition regulator fined Facebook Inc. 50.5 million British pounds, equivalent to $69.6 million, alleging it breached reporting requirements during a continuing review of its proposed takeover of Giphy, a...
Stripe to acquire Recko in first Indian acquisition
US-based fintech major, Stripe Inc. on Wednesday said that it has entered into an agreement to acquire Bengaluru-based payment reconciliation software provider, Recko, for an undisclosed amount. The acquisition is...
Sameer Gehlaut’s Dhani to raise Rs1,200 crore from General Catalyst, Ribbit Capital
Dhani Services Ltd, a fintech and health tech company promoted by Indiabulls’ Sameer Gehlaut, on Wednesday said that it is raising Rs1,200 crore from investors including General Catalyst, Ribbit Capital and Gehlaut. The...
Cushman & Wakefield to buy 40% stake in Greystone multifamily business for $500 million
Commercial real estate services giant Cushman & Wakefield PLC has agreed to pay $500 million for a 40% stake in the rental apartment lending and loan servicing business owned by Greystone & Co., the companies...
Crystal Crop acquires portfolio of products from Bayer CropScience
Crystal Crop Protection Ltd, a crop solutions company, on Wednesday, said it has entered into a definitive agreement with Bayer CropScience to acquire Cotton, Mustard, Pearl Millet and Grain Sorghum hybrids in India...
Zee-Sony merger may have a big backer in LIC
Life Insurance Corp. of India (LIC), the largest local shareholder of Zee Entertainment Enterprises Ltd, favours the proposed merger of the broadcaster with Sony Pictures Networks India, three people familiar with the...
State-run NTPC looks to pick up around 5% stake in PXIL
India’s largest power generation utility NTPC Ltd is looking to acquire around 5% in Power Exchange India Ltd (PXIL), promoted by the National Stock Exchange of India Ltd (NSE) and National Commodity & Derivatives...
Hindustan Copper rejects reports of Vedanta eyeing govt stake in company
State-owned Hindustan Copper Ltd clarified on the divestment buzz that Vedanta is looking to buy government’s stake in the company, saying the reports appear factually incorrect. “We are not aware of any...
Reliance Retail acquires majority stake in Ritu Kumar’s company
Reliance Retail Ventures Ltd (RRVL) on Tuesday acquired a majority stake in fashion designer Ritu Kumar’s Ritika Pvt. Ltd, reinforcing an emerging trend of corporate houses buying into luxury ethnic wear companies. The...
Federal Bank eyes initial share sale in NBFC unit Fedfina
Fedbank Financial Services Ltd (Fedfina), a retail-focused non-bank lender set up by Federal Bank Ltd, is planning a public listing, two people aware of the matter said. The Kerala-based company is expected to shortly...
CCI okays acquisition of Hinduja Group’s healthcare BPO services by Betaine
The CCI on Monday approved the acquisition of worldwide healthcare BPO services of Hinduja Global Solutions Ltd by Betaine B.V. The transaction will involve the acquisition of worldwide healthcare business process...
Aviom India Housing Finance raises $8 million from Sabre Partners
Housing finance company, Aviom India Housing Finance, on Monday said it has raised $8 million as a part of its Series C equity financing from Sabre Partners. The company is expected to use the proceeds from the current...
