Following years of dismal sales and losses, US retailer Bed Bath & Beyond on Sunday filed for bankruptcy. The company has listed its assets and liabilities in the range of $1 billion to $10 billion. The move comes...
Reliance Industries to withdraw merger of new energy business with itself
Reliance Industries on Saturday said the company’s board has withdrawn the proposal to merge subsidiary Reliance New Energy Limited (RNEL) with it, and RNEL will undertake the conglomerate’s renewable energy...
HDFC merger gets partial rule waiver
The Reserve Bank of India (RBI) has granted HDFC Bank several exemptions to smoothen its merger with Housing Development Finance Corp., but none on the critical reserve and liquidity ratios: the combined entity must...
Megha Engineering acquires KPSI transmission project from RECPDCL
REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of state-owned REC Limited, has transferred the KPS1 Transmission Ltd project-specific Special Purpose Vehicle (SPV) to Megha Engineering &...
NCLT OKs resolution plan worth ₹250 crore for Unimark Remedies
The National Company Law Tribunal in its order approved the resolution plan for Unimark Remedies, which was submitted by a consortium of Asset Reconstruction Company (India), Intas Pharmaceutical and Shamrock...
Wipro Consumer Care set to buy foods brand Brahmins
Wipro Consumer Care and Lighting agreed to acquire Kerala-based packaged foods company Brahmins Foods on Thursday, building on its purchase of the Nirapara brand from the same region last year. Bengaluru-based Wipro...
Excelra Acquires BISC Global, Creates an International Bioinformatics Powerhouse
Excelra, a leading life science data and digital solutions provider, has acquired BISC Global, a bioinformatics and data analytics consulting company with offices across Europe and the USA. The acquisition creates an...
Trend Micro Acquires Anlyz to Expand its Cybersecurity Services
Cybersecurity has become one of the top priorities worldwide as the number and complexity of cyber threats continue to increase. In recent years, India has also emerged as a high-risk area for cyber-attacks due to its...
Coca-Cola acquires 15% stake in food-tech platform Thrive
Beverage major Coca-Cola India has acquired a 15% stake in Hashtag Loyalty that operates Thrive—a food-tech company that offers online ordering system for restaurants. Hashtag has raised the capital at a pre-money...
OFI Global China Fund sells entire stake in ZEEL for ₹1,004 cr via block deal; Morgan Stanley, Goldman Sachs invest
Media channel, Zee Entertainment’s (ZEEL) share price dropped by over 3% on Monday as a Chinese fund house exited the company by selling its entire stake for ₹1,004 crore through a block deal. On the other hand...
McLeod Russel, IL&FS insolvency settlement likely in two weeks: Report
Tea major McLeod Russel India Ltd and IL&FS are currently engaged in negotiations towards an out-of-court settlement, which is expected to be reached within the next two weeks. The Brij Mohan Khaitan group company...
DNEG to acquire Prime Focus Technologies’ business
DNEG, a visual entertainment services company, has entered into a memorandum of understanding to acquire Prime Focus Technologies (PFT), that works to provide cloud-based software and artificial intelligence (AI)...
