Sachin Bansal, co-founder of India’s biggest online retailer Flipkart, is in talks with the promoters of Liberty General Insurance Ltd to buy out its insurance business, two people aware of the negotiations said...
GMR Infra unveils rejig plan, to demerge non-airport biz
GMR Infrastructure Ltd (GIL) has announced a strategic restructuring of its business verticals, including a spin-off and the listing of its airport business. The operator of the Delhi and Hyderabad airports said in a...
Walmart sells 2 more e-commerce brands in digital reshuffle
Walmart Inc. is divesting two more of its online brands, continuing its strategy of jettisoning some of the digital assets it has acquired in recent years to focus on its main website. The world’s biggest retailer is...
PAG to pick up 51% stake Edelweiss Wealth Management with ₹2,200 cr investment
Private equity investor PAG will make a ₹2,200 crore investment in Edelweiss Wealth Management (EWM) to pick up a 51% stake in the wealth management business of the Edelweiss Group, the company said in a statement on...
Monster.com partners with Nasscom for SME jobs
Job portal Monster.com on Thursday said it has partnered with the National Association of Software and Service Companies (Nasscom) as its exclusive talent search partner for small and medium-sized enterprises. Through...
Indian gaming startup Gamezop raises ₹32 crore from US investors Bitkraft
Homegrown multi-games platform Gamezop with over 34 million monthly active users has raised ₹32 crore ($ 4.3 million) in Series A funding from US-based Bitkraft Ventures, Velo Partners, and FJ Labs. This is the first...
Google CEO Sundar Pichai rules out buying TikTok
Google Chief Executive Officer Sundar Pichai said the company has no plans to acquire TikTok. During an interview on the podcast show Pivot Schooled, Pichai was asked whether Google was going to buy the popular video...
OMERS, Actis eye stake in SB Energy
Canadian pension fund Ontario Municipal Employees’ Retirement System (OMERS), private equity fund Actis Llp and Brookfield Asset Management Inc. have submitted bids to buy SoftBank Group Corp.’s stake in SB Energy...
Future Enterprises plans to raise funds
Future Enterprises on Wednesday said it is considering to raise funds through issuance of bonds. The board of the company is scheduled to meet on August 29 to consider and evaluate proposals to raise funds by way of...
ARCs seek clarity on why RBI nixed Aircel sale plan
The Association of ARCs in India, a body representing asset reconstruction companies, has written to the Reserve Bank of India (RBI) seeking clarity on why the regulator has rejected the resolution plan for bankrupt...
Actis looks to buy ReNew’s 550MW capacity
Private equity fund Actis Llp is in talks with ReNew Power, India’s largest independent renewable energy producer, to acquire more than half a gigawatt of green energy projects for an enterprise value of around ₹3,000...
GVK scouts for cash to ward off hostile takeover
GVK Airport Holdings Ltd, the majority owner of Mumbai International Airport Ltd (MIAL), has approached lenders to urgently raise cash to ward off a potential takeover of the prized asset, two people directly aware of...
