Tata Steel Ltd announced that it has successfully amalgamated five of its nine strategic businesses, in line with its long-term strategy and commitment to simplify its business portfolio. In an exchange filing on...
Cred acquires Kuvera, enters wealth-management space
Fintech unicorn Cred said it will acquire online wealth-management platform Kuvera in a cash-and deal to enter the wealth-management space. The size of the deal was not disclosed. “Kuvera is extremely popular...
Govt likely to push for Air India units’ stake sale in FY25
The Centre will make a push for selling its shares in Air India’s erstwhile subsidiaries in FY25, said a top official, but the privatization of Container Corporation of India is unlikely to see any traction soon. “The...
Byju’s US unit, Alpha files for bankruptcy in Delaware
Alpha Inc, a US unit of Byju’s, once one of India’s most valued edtech startups, was put into bankruptcy in the US by a court-appointed agent who took over the shell company after it defaulted on $1.2 billion in debt...
Naspers, Temasek get CCI approval to purchase stakes in PharmEasy
Fair trade regulator CCI on Tuesday said it has cleared the proposals of purchasing stakes in PharmEasy by various entities, including South Africa-based Naspers Group and Singapore’s sovereign wealth fund Temasek...
Byju’s saviour? Board approves Ranjan Pai’s 40% majority stake buy in Aakash Institute, says report
Byju’s-owned Aakash Institute is set to witness Ranjan Pai, Chairman of the Manipal Education and Medical Group (MEMG), emerge as its largest shareholder with a 40 percent stake buy, as per an Economic Times report...
Piramal Enterprises to acquire 10.4% stake in Annapurna Finance for ₹300 crore
Piramal Alternatives Trust (PAT), a wholly-owned subsidiary of Piramal Enterprises, will acquire a 10.4% stake in Annapurna Finance for ₹300 crore. Annapurna Finance is a non-banking financial company, headquartered in...
Burmans get CCI approval to buy stake in Religare
The Competition Commission of India gave its approval for the acquisition of a 5.27% stake in Religare Enterprises by entities controlled by the Burman family, as well as a subsequent open offer to buy up to another 26%...
Zee to take legal action after Sony terminates merger: Report
Indian broadcaster Zee Entertainment said on Monday it will take legal action against Sony Group after the Japanese media company terminated a $10 billion merger of their India operations, Reuters reported on 22 January...
Haldiram in talks to acquire majority stake in rival Prataap Snacks
Indian snacks maker Haldiram’s is in talks to acquire a majority stake in listed rival Prataap Snacks, which is valued at $350 million, to expand its presence in the potato chip market, two people with direct...
NCLT defers SpiceJet-Celestial hearing amid settlement talks
The National Company Law Tribunal deferred hearing a case involving low-cost carrier SpiceJet and aircraft lessor Celestial Aviation Services Ltd on Thursday after the two sides informed the court that they were in...
Hewlett Packard Enterprise in talks to buy Juniper Networks in $13bn deal: Report
Hewlett Packard Enterprise is planning to buy Juniper Networks in a deal valuing the network gear maker at about USD 13 billion as per a Reuters report. A deal between the two companies could be announced as early as...
