World’s largest e-commerce company Amazon is seeking to derail India’s biggest retail acquisition using an agreement that gave it an indirect foothold in the owner of retail chain Big Bazaar, lawyers and...
Low-cost Norwegian Air Shuttle files for bankruptcy protection
Low-cost carrier Norwegian Air Shuttle filed for bankruptcy protection in Ireland on Wednesday for two of its main subsidiaries in a bid to shield itself from creditors long enough to find a solution for a financial...
Lenders to knock NCLAT doors against Srei group
A section of lenders to Kolkata-based Srei group are expected to approach the National Company Law Appellate Tribunal (NCLAT) over Srei’s move to reconsolidate its assets in a separate group company in potential breach...
Blackstone arm GSO Capital Partners sells 11% in Tanla Platforms for ₹587 cr
Private equity firm Blackstone on Tuesday sold 15 million shares (or 11.03%) in Tanla Platforms for ₹587 crore in open market transactions. According to bulk deal data on BSE, Banyan Investments Ltd sold 15 million...
NSE Academy acquires majority stake in TalentSprint
NSE Academy on Tuesday announced the acquisition of majority stake in deep tech education firm TalentSprint. NSE Academy is wholly-owned subsidiary of National Stock Exchange Ltd. Financial details of the deal were not...
Flipkart Group acquires AR startup Scapic with eye on immersive shopping
Flipkart Group on Tuesday said it has acquired augmented reality (AR) startup Scapic for making shopping experience more immersive on its platform. The Walmart-owned e-tailer did not disclose the financial details of...
Walmart sells majority stake in Seiyu, nearly exiting Japan
Walmart Inc is selling a majority stake in Japanese supermarket chain Seiyu to investment firm KKR and e-commerce company Rakuten for over $1 billion, after years of struggling to make money amid stiff competition. The...
Piramal raises objection to Adani bid for DHFL’s assets
Piramal Enterprises Ltd (PEL), which is bidding for assets of Dewan Housing Finance Ltd (DHFL), has opposed Adani group’s bid to acquire the entire portfolio of the mortgage lender, two people aware of the development...
Uber in talks to sell its ATG self-driving unit to Aurora – Report
Uber Technologies Inc is in talks to sell its autonomous driving unit, Uber Advanced Technologies 8(ATG), to self-driving car startup Aurora, a source familiar with the matter told Reuters. The talks are still ongoing...
Revised bids for DHFL abysmally low: Wadhawan
A day after bankrupt mortgage lender Dewan Housing Finance Corp. Ltd (DHFL) received revised bids from prospective investors, its former promoter Kapil Wadhawan sought a second hearing from lenders to reconsider his...
NMDC board approves up to ₹1,378 crore buyback plan
State-owned NMDC on Wednesday said its board has approved a share buyback proposal of up to ₹1,378 crore. In a BSE filing, the company said the decision was taken at a meeting of its board on Tuesday. “The board...
Uncertainty over FDs in DHFL’s resolution
Uncertainty persists over the fate of fixed deposits (FD) totalling ₹5,375 crore with the Dewan Housing Finance Corp. Ltd (DHFL), even as bidders for the bankrupt mortgage lender raised their bids. DHFL’s committee of...
