Bandhan Bank MD & CEO Chandra Shekhar Ghosh is reportedly considering options to monetise his holding in Bandhan Financial Services, moving towards a partial divestment in Bandhan Bank, the Hindu BusinessLine...
Reliance Capital lenders ask Hinduja Group arm IIHL to stick to resolution plan deadline, seek ₹9,650 crore
Lenders of debt-ridden Reliance Capital (RCAP) have asked the Hinduja Group arm IndusInd International Holdings Ltd (IIHL) to expedite the process of obtaining necessary regulatory approvals and stick to the resolution...
Shareholders of ICICI Securities lodge lawsuit with NCLT over delisting proposal: Report
A group of shareholders led by an investment manager based in Bengaluru has initiated proceedings with the National Company Law Tribunal concerning ICICI Bank’s proposal to remove its broking subsidiary, ICICI...
After Magzter, Dailyhunt parent to pursue acquisitions more aggressively
VerSe Innovation, the parent of news aggregator Dailyhunt and short-video sharing app Josh, is “acquisition hungry”, as it embarks on a journey to expand its user base, explore monetization opportunities...
M&A deal value soars 60% to $19.6 billion with net 455 in Q1FY25, PE dips slightly: PwC India
The overall merger and acquisition (M&A) deal value soared by 60 per cent to $19.6 billion in January-March 2024, while that of the private equity (PE) ones experienced a slight dip, according to a latest PwC India...
NCLT levies ₹20,000 cost on Byju’s for failing to reply to plea by Surfer Tech
The Bengaluru bench of the National Company Law Tribunal has levied a cost of ₹20,000 on edtech platform Byju’s for the delay in filing its reply to a petition by Surfer Technologies. As an operational creditor, Surfer...
IBM is in Advanced Talks to Acquire Software Provider HashiCorp
International Business Machines Corp. is in advanced talks to acquire software company HashiCorp Inc., according to people with knowledge of the matter. IBM and HashiCorp could reach an agreement as soon as Wednesday...
Enam’s Bhansalis, others to buy 40% stake in WeWork India for ₹1,200 crore
Enam Holdings promoters Akash Bhansali and his family members, along with their investor partners, will buy a 40% stake in leading co-working firm WeWork India for ₹1,200 crore in a secondary share sale, two people...
Jet Airways’ lenders move SC against NCLAT decision to uphold resolution plan
The lenders of Jet Airways, led by State Bank of India, have challenged a National Company Law Appellate Tribunal’s (NCLAT) decision that upheld the resolution plan proposed by the Jalan-Kalrock consortium for the...
Tata Group in talks with Fabindia promoters for stake acquisition, says report
Tata Group is in talks with promoters and shareholders of Fabindia for a potential stake acquisition or outright purchase of the ethnic apparel business, the Hindu BusinessLine reported citing sources. The ongoing talks...
Zee board approves organization restructuring
Zee Entertainment Enterprises Ltd’s board of directors has endorsed a new organizational framework proposed by managing director and CEO Punit Goenka. Goenka, who will assume direct charge of the domestic...
NCLAT upholds NCLT order in Smaaash insolvency case
The National Company Law Appellate Tribunal (NCLAT) has upheld an order by the National Company Law Tribunal (NCLT) in November 2023 that set aside the ‘fraudulent’ transfer of the Smaaash brand by founder Shripal...
