M2P Fintech, a digital banking infrastructure company, has acquired Goals101, a firm specializing in transaction behavioural intelligence, for approximately ₹250 crore. The move will enhance M2P Fintech’s data...
Warren Buffett’s Berkshire Hathaway almost halves stake in PC maker HP
Berkshire held 51.5 million shares, or 5.2% of the Palo Alto, California-based company on Nov. 30, according to a regulatory filing. That’s down from about 97.85 million shares on Oct. 3, according to data compiled by...
Macquarie Capital picks up minority stake in ChargeZone
Macquarie Capital has acquired a “substantial minority stake” in ChargeZone, a Vadodara-based company specializing in high-speed electric vehicle (EV) charging networks. The specifics of the stake and the...
Supreme Court to hear insolvency plea against Zee promoters, issues notices
The Supreme Court has issued notices to two promoter companies of Zee Entertainment Enterprises Ltd, agreeing to hear a plea filed by IDBI Trusteeship Services for insolvency proceedings. IDBI Trusteeship had challenged...
Celebrity management agency Matrix merges with Bling Entertainment
Bling Entertainment, led by partners Swati Iyer, Piya Sawhney and Shanti Sivaram, has merged with another celebrity platform, Matrix, in a move indicating consolidation in India’s growing celebrity management industry...
Blackstone may sell up to 50% in PGP Glass
Global private equity (PE) firm Blackstone Inc. is looking to sell as much as 50% stake in PGP Glass Pvt. Ltd that it acquired three years ago, three people aware of the development said. The PE firm has named...
NCLT admits Sahara group subsidiary into insolvency
The National Company Law Tribunal has ordered insolvency proceedings against a Sahara Group subsidiary, deciding that a dispute raised by the company against its creditor was a means to avoid paying its dues. A Mumbai...
Bain, KKR, Advent circle Sai Life Sciences
Global private equity funds, including Bain Capital, KKR, and Advent International, are in talks for a controlling stake in Sai Life Sciences at a valuation of $600-700 million, three people aware of the development...
SoftBank arm to sell 1.1% stake in Zomato
An arm of Japan’s SoftBank Group is slated to sell a 1.1% stake in food-delivery company Zomato Ltd on 8 December for an estimated Rs1,127.5 crore, or $135 million, as per the term sheet of the block deal. The floor...
Artek buys Kemira’s oil & gas business
Mumbai-based Artek Group has acquired Finnish chemicals company Kemira’s oil and gas business for $280 million, according to a company statement. Artek has acquired the asset through its US-based subsidiary Sterling...
Uniqus acquires Goodera’s ESG software
Consulting firm Uniqus Consultech Inc. has acquired a specialised software from social impact startup Goodera that it expects will help it win contracts in the environmental, social and governance, or ESG, space. Uniqus...
NCLAT to hear IDBI’s insolvency plea against Zee Entertainment today
A three-member bench of the National Company Law Appellate Tribunal (NCLAT) is scheduled to hear the plea of IDBI Bank seeking to initiate insolvency proceedings against Zee Entertainment on December 6 (today). The case...
