Paytm is currently in discussions with Zomato Ltd. to sell its movie and events ticketing division, as part of a strategic overhaul amid declining sales, according to sources familiar with the situation, as per...
ET Money’s acquisition by 360 ONE – Should you be worried or excited?
The acquisition of ET Money by 360 ONE WAM Ltd raises some questions for users and investors of the Times Group-owned direct mutual fund investment platform—the largest corporate effort in the past decade to provide...
LIC looks to buy a standalone private health insurer
Life Insurance Corp. of India (LIC) is planning to acquire one of India’s five private standalone health insurance companies to secure a beachhead in the country’s growing health insurance market, two LIC...
Centre’s next round of stake sale in LIC now likely in FY2026
The next round of the government’s stake sale in Life Insurance Corporation (LIC) is only likely to take place in FY26 as the Centre pauses the privatization process this year to assess investor appetite, two...
NCLT admits Pune-based Cian Healthcare under insolvency over dues worth ₹1.14 cr
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday admitted Cian Healthcare under insolvency following an application filed by one of its operational creditors over unpaid dues worth ₹1.14 crore...
Malaysia’s Gentari plans minority stake sale in C&I assets to raise around $400 million
New Delhi: Gentari Sdn Bhd, a unit of Malaysia’s state-run oil and gas company Petroliam Nasional Bhd (Petronas) that has been actively scouting for green energy assets in India, is now planning a minority fund raise in...
Cognizant’s ambitious acquisition of Belcan raises questions
On Monday, Cognizant Technology Solutions Corp. announced it is buying Belcan LLC, a Cincinnati, Ohio-based engineering, research and development (ER&D) service provider, for $1.3 billion. Cognizant would pay $1.19...
Reverse mergers gain ground on the expressway to public markets
Precision Containeurs Ltd, a publicly listed maker of steel and plastic containers, had been defunct for about a decade when it blipped on the radar of Daman-based East India Drums and Barrels Manufacturing. In May last...
Brazil’s Dasa, Amil in advanced talks to combine hospital businesses
Brazil’s Diagnosticos da America (Dasa) and health insurance operator Amil are in advanced talks to combine their hospital businesses, Dasa said in a securities filing on Monday. Under the current negotiations...
Blackstone sells 15.1% stake in Mphasis for ₹6,736 crore
Blackstone sold 28.5 million shares in Mphasis Ltd on Monday, amounting to a 15.1% stake, through a bulk deal on the National Stock Exchange. The global investment firm sold shares amounting to ₹6,735.6 crore in the...
Blackstone sells Mphasis tranche in early Monday trade
Blackstone sold 29.5 million shares in Mphasis Ltd, amounting to a 15.6% stake, via a block deal early on 10 June, as per data on the Bloomberg terminal. With this, Blackstone has sold shares amounting to ₹7,066 crore...
ITC shareholders approve demerger of hotel biz with 99.6% majority votes
ITC shareholders in their meeting held on Thursday, June 6, approved the demerger of the FMCG giant’s hotel business segment, which has paved the way for the listing of ITC Hotels. With an overwhelming majority...
