Distressed car services platform GoMechanic, whose founders admitted to financial irregularities in January, has been sold to a consortium led by Delhi-based auto components manufacturer Lifelong India Pvt Ltd. Lifelong...
JSL buys 49% stake in Indonesian nickel co
Jindal Stainless Ltd (JSL) has picked up a 49% stake in Indonesian metals company, New Yaking Pte. Ltd, for about $157 million ( ₹1,233 crore), it said in a statement on Tuesday. The joint venture will allow JSL to...
D2C Ecommerce Acquires Leading Lifestyle Electronics Brand HiLife from Hungama
D2C Ecommerce, a homegrown multi-D2C brand online platform has acquired leading lifestyle electronics brand ‘HiLife from Hungama’. Through this acquisition, D2C Ecommerce will expand its offerings in the electronics...
Govt may sell Balco stake next fiscal year
More than two decades since the privatization of Bharat Aluminium Co. (Balco), the Union government is preparing to sell its remaining stake in the company in the next fiscal year, two people aware of the development...
Aditya Birla Capital to sell entire stake in ABIBL
Aditya Birla Capital Limited (ABCL), a company under the Aditya Birla Group, announced on Monday the sale of its entire stake in Aditya Birla Insurance Brokers Limited (ABIBL), which is a non-material subsidiary of the...
Sun Pharma acquires 60% stake in Vivaldis Health & Foods for ₹143 cr
Drug major Sun Pharmaceutical on Friday announced that it is set to acquire 60 per cent shareholding in Vivaldis Health & Foods for ₹143.30 crore from its existing shareholders, The remaining 40 per cent...
SpiceJet open to sell more stakes in airline biz
Low-fare airline SpiceJet is open to selling more shares to reduce its liabilities, chairman and managing director Ajay Singh said. “We are flexible. We will talk to our partners and see what it is they prefer to do...
DB Power buys back stake from Global Infrastructure for ₹400 cr
Dainik Bhaskar Group’s DB Power Ltd has repurchased Global Infrastructure Partners (GIP) stake in its thermal power business for ₹400 crore, in a deal that has facilitated the investor’s exit, two people with knowledge...
RCap insolvency case: Setback for Torrent as SC refuses to stay NCLAT order
The Supreme Court on Monday refused to stay the order by National Company Law Appellate Tribunal (NCLAT) on another round of auction for the debt-ridden Reliance Capital undergoing an insolvency process. The Torrent...
GMR Airports Infra to merge subsidiary with itself, raise ₹2,900 crore from Groupe ADP
GMR Airports Infrastructure Limited (Formerly GMR Infrastructure Limited) (GIL) announced the approval by its board of the composite scheme of amalgamation and arrangement of GMR Airports Limited (GAL) with GIL (Merger)...
Tata Consumer Products not to acquire Bisleri, ceases talks
Tata Consumer Products Ltd said that it had ceased discussions with packaged water maker Bisleri International about a potential acquisition. The company in its regulatory filing said that it has not entered into any...
Amazon begins due diligence to buy MX Player
Amazon.com Inc. is in advanced talks to acquire MX Player, the video streaming platform owned by Times Internet, three people with direct knowledge of the development confirmed. The US e-commerce giant has hired one of...
