US online retailer Amazon.com Inc has slapped a legal notice on Future Group, alleging that the retailer’s ₹24,713 crore asset sale to Reliance Industries violated an agreement with the e-commerce giant. “We...
TCS beats estimates on faster demand recovery, announces Rs 16K-cr buyback
Tata Consultancy Services (TCS), the country’s largest IT services company, on Wednesday beat street expectations in its second-quarter (Q2) financials, led by a rebound in growth in key verticals and geographies. The...
HDFC Bank partners with Apollo Hospitals for holistic healthcare solution
HDFC Bank and Apollo Hospitals have joined hands to launch The HealthyLife Programme, a holistic healthcare solution which makes healthy living accessible and affordable on Apollo’s digital platform, Apollo 24|7. The...
AirAsia X proposes $15 billion debt restructure to stave off liquidation
Malaysian budget airline AirAsia X Bhd (AAX), the long-haul arm of AirAsia Group Bhd, said it has proposed restructuring $15.3 billion of debt and reducing its share capital by 90% to continue as a going concern...
Edtech startup Winuall raises Rs14.7 crore to digitize coaching institutes
Winuall, an online education platform that helps coaching institutes go digital, has raised Rs14.7 crore from Prime Venture Partners, Beenext, Ramakant Sharma, founder of LivSpace and other angel investors. Winuall aims...
Tata eyes options on AirAsia’s exit
Tata Sons Ltd is considering various options on the future of its airline venture AirAsia India against the backdrop of its Malaysian partner planning to exit it, two people in the know said. This comes at a time when...
Credit Wise Capital raises $6 million from family offices, angels
Credit Wise Capital (CWC), a consumer finance NBFC raised $6 million in its seed funding round. The round saw participation from angel investors like Ajay Goel, Stanford Business School alum and serial investor, Anuj...
Uni raises $18.5 million led by Lightspeed and Accel
Fintech startup Uni has raised $18.5 million in seed funding led by Lightspeed India Partners and Accel Partners. Uni aims to bridge the gap in the credit card market by making them more accessible to consumers across...
Adani Ports SEZ completes acquisition of Krishnapatnam port for ₹12,000 crore
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private port operator, has completed the acquisition of Krishnapatnam Port Co. Ltd (KPCL) for an enterprise value of ₹12,000 crore, nearly 13% lower...
Alibaba to buy up to 10% stake in duty-free retailer Dufry
Alibaba Group Holding Ltd. agreed to buy as much as a 9.99% stake in Dufry AG, giving the Swiss duty-free giant a lifeline as the pandemic hammers the business. Dufry said Monday it’s proposing a capital increase that...
Italy’s Nexi, SIA boards said to meet to approve merger
Italy’s Nexi SpA and SIA SpA are set to announce their merger after their boards meet Sunday to approve a deal to create one of Europe’s biggest payment providers, people familiar with the matter said. As part of the...
RailTel files draft red herring prospectus for ₹700 crore IPO
State-owned RailTel Corp. on Friday filed the draft red herring prospectus for its proposed IPO with the Securities and Exchange Board of India (Seb), with the government looking to divest stake worth ₹700 crore...
