The insolvency and bankruptcy board of India (IBBI) has proposed a cap on the maximum number of ongoing insolvency or liquidation proceedings that can be handled by the insolvency professionals. In a discussion paper...
Zetwerk raises $21 million funding led by Greenoaks Capital
Business-to-business (B2B) manufacturing platform Zetwerk has raised $21 million ( ₹160 crore) as part of its Series C round, led by existing investor US-based Greenoaks Capital. Existing investors including Accel, Kae...
Oil India, Engineers India led consortium to buy 48% stake in NRL
An Oil India Ltd and Engineers India Ltd-led consortium will buy 48% stake in the Bharat Petroleum Corporation Ltd’s subsidiary, Numaligarh Refinery Ltd (NRL). State-run refiner Bharat Petroleum Corporation...
Global NGOs rap Google’s Fitbit buyout
An international group of consumer advocates and NGOs denounced Google’s bid for sports smartwatch-maker Fitbit Thursday, saying it would threaten privacy and grant Google unfair access to a new market...
Global PE firms eye India’s auto components sector
Top private equity (PE) firms such as Temasek, Blackstone, Goldman Sachs, Samara Capital and Baring Private Equity Asia are actively exploring investment opportunities in India’s auto parts manufacturing sector, three...
Yes Bank asks Bombay HC to restrain Zee promoters from selling further stake
Almost a year after promoters of Zee Entertainment Enterprises Ltd (ZEEL) sold an 11% stake in the company, Yes Bank Ltd has moved the Bombay high court to restrain the controlling shareholders from selling more ZEEL...
JSPL to sell Oman arm to promoter firm for $1 bn
Naveen Jindal-owned Jindal Steel and Power Ltd has accepted a binding offer to sell its entire stake in Jindal Shadeed Iron and Steel Co LLC (JSIS Oman) to promoter company Templar Investments Ltd. JSIS Oman was held...
Uber is said to be in talks to buy delivery rival postmates
Uber Technologies Inc. is in talks to purchase Postmates Inc, said a person familiar with the discussions, seeking to expand food delivery services in the US and capitalize on a surge in orders, during the coronavirus...
Premji Invest to acquire controlling stake in Best Value Chem
Baroda-based specialty aroma chemicals company Best Value Chem (BVC) said Premji Invest will acquire a controlling stake in the company. The transaction involves the selling of stake by existing shareholders and a...
Coty to buy 20% stake in Kim Kardashian West’s beauty line: Report
Coty Inc has agreed to buy a 20% stake in reality TV star Kim Kardashian West’s makeup brand KKW for $200 million, the Financial Times reported on Monday, citing people familiar with the matter. The deal values...
Brookfield acquires Jet Airways’ BKC office space for ₹490 cr
Canadian investment firm Brookfield Asset Management is acquiring two floors of office space in Mumbai’s business district of Bandra Kurla Complex (BKC) from grounded Jet Airways, the company said in a stock...
Premji moves SC, says plea in trial court against merger of family arms mischief
Former Chairman of Wipro, Azim Hasham Premji, and his wife, have moved the Supreme court for quashing of summons orders issued against them by a Bengaluru trial court in case alleging breach of trust and corruption...
