Viacom18 Media Pvt. Ltd, the owner of the Colors general entertainment channel, and Subhash Chandra’s Zee Entertainment Enterprises Ltd are in initial talks for a potential merger that could create a large media firm...
Saudi Aramco closes $12.4 bn infra deal with global consortium
An international investor consortium, including Washington based energy sector investor EIG and UAE soverign wealth fund Mubadala Investment Co., has acquired a 49% stake in Aramco Oil Pipelines Co., a unit of Saudi...
Air India to sell realty assets for up to ₹300 cr
National carrier Air India Ltd is offering to sell several properties including offices, flats and staff quarters at major metropolitans as the cash-strapped airline makes a renewed attempt for such divestments this...
PE major Carlyle to sell 5.1% stake in SBI Cards on Friday
Private equity (PE) major Carlyle plans to offload 5.1 per cent take in SBI Cards and Payment Services on Friday. A total of 48 million shares of the credit card company will be on offer in the range between Rs 1,002 to...
Shraddha Kapoor invests in beauty brand MyGlamm
Direct-to-consumer beauty brand MyGlamm, on Thursday announced that Bollywood actor Shraddha Kapoor has invested in the company and will endorse its products going forward. MyGlamm was founded in 2017 by Darpan Sanghvi...
JPMorgan buys Nutmeg to bolster digital banking push in UK
JPMorgan Chase & Co. agreed to buy digital wealth manager Nutmeg Saving and Investment Ltd., part of a push to establish a retail banking presence in the U.K. Nutmeg, founded in 2012, has more than 140,000 customers...
Green SPACs struggle after years of success
SPACs and green companies were two of the hottest pandemic investments. Combining the two—green SPACs—has been even more profitable, but there is evidence this is changing. Special-purpose acquisition companies that...
Spring Marketing Capital invests in personal care brand Juicy Chemistry
Direct-to-consumer personal care brand Juicy Chemistry on Thursday said it has raised funds from Spring Marketing Capital, as part of investment firm’s ‘Skin in the Game’ fund, that counts Verlinvest as an anchor...
Abu Dhabi’s ADQ invests in Byju’s
Abu Dhabi’s state holding company ADQ has invested in India’s online tutoring firm Byju’s, which has emerged as one of the country’s most valuable startups. “We met Byju in 2020 and were floored by his story. Honoured...
Mantra Properties, Solitaire submit bids to acquire realty firm D S Kulkarni through insolvency
Mantra Properties & Developers and Solitaire group are among the three companies which have submitted their bids to acquire Pune-based listed realty firm D S Kulkarni Developers through the insolvency process. In...
Digital marketing firm Gozoop Group acquires Stratton Communications
Gozoop Group, an independent digital marketing firm, on Wednesday said it has acquired digital agency, Stratton Communications. Stratton will be rebranded as Sm(all) and will focus on challenger brands within the group...
Fintech startup FamPay raises $38 million in Series A funding
Fintech startup, FamPay, has raised $38 million as part of its Series A funding led by Elevation Capital. Existing investor Sequoia Capital India, along with other investors including Venture Highway, YCombinator...
