The board of Adani Power has approved a proposal to delist company shares from stock exchanges, the Adani group firm said on Monday. The company has worked out the floor price of ₹33.82 per share to buy 96.53 crore...
Max promoters to sell stake in financial and healthcare business to reduce debt
Promoters of Analjit Singh-led Max Group plan to raise ₹2,300 crore by selling their stakes in the group’s healthcare and financial services companies, two people aware of the matter said, adding they have already sold...
Piramal Pharma Solutions to acquire manufacturing facility of G&W Laboratories in US
Piramal Enterprises Ltd’s Pharma Solutions business, a contract development and manufacturing organization, on Saturday announced that it has entered into an agreement with G&W Laboratories Inc. to acquire its...
FabAlley’s parent company raises ₹20.75 cr funding
High Street Essentials (HSE), the parent company of women’s fashion brands FabAlley and Indya, on Saturday said it has raised ₹20.75 crore in a fresh round of funding led by existing investors, SAIF Partners and...
ICICI Bank sells ₹2,250 crore stake in ICICI Lombard
ICICI Bank today said it has divested 18,000,000 equity shares of face value of ₹10 each of ICICI Lombard General Insurance Company Limited, representing 3.96% of its equity share capital at March 31, 2020, on the stock...
Facebook acquires crowdsourced mapping company
Facebook Inc on Thursday acquired Swedish mapping technology company Mapillary, which collects images from tens of thousands of contributors to build immersive and up-to-date maps, the companies said. Mapillary Chief...
Saudi wealth fund PIF invests ₹11,367 crore in Jio Platforms
Saudi Arabia’s sovereign asset manager, Public Investment Fund or PIF, on Thursday, announced an investment of ₹11,367 crore in Jio Platforms Ltd, the digital assets unit of Reliance Industries Ltd. With this...
Internet startups raise concerns over Facebook-Jio deal
A slew of venture capital firms and internet startups, including South African internet giant Naspers Ventures, plan to appeal to India’s anti-trust regulator over concerns of data sharing and misuse in Facebook Inc.’s...
Behind the rush to invest in Reliance’s Jio
It appears there is a never-ending queue of investors lining up to buy shares of Jio Platforms Ltd. It all started with Facebook Inc. making a strategic investment of ₹43,574 crore ($5.7 billion) for a 9.99%-stake in...
SC notice to Vedanta, Ravva Oil, Videocon on govt plea against recovery of $499 mn
The Supreme Court on Wednesday issued notice to Vedanta Limited, Ravva Oil Limited and Videocon Industries Limited on the plea seeking stay on Delhi High Court’s order allowing the enforcement of the arbitrations award...
Facebook-Jio deal under competition panel’s review to prevent data misuse
India’s antitrust watchdog is reviewing Facebook Inc.’s purchase of a 10% stake in Reliance Industries Ltd.’s digital assets, a deal that would give the US giant another foothold in one of the world’s fastest growing...
Paper Boat backer A91 Partners to invest ₹125 crore in Indore-based Pushp Spices
A91 Partners, a homegrown investment firm focusing on India’s consumption story and tech disruption, on Wednesday said that will invest ₹125 crore in Pushp (Brand) India Pvt. Ltd, an Indore-based B2C spices brands...
