The resolution professional managing the insolvency of Kishore Biyani’s flagship Future Retail Ltd will petition the National Company Law Tribunal (NCLT), alleging lack of cooperation from the company’s promoters and...
Mint
Pawan Hans sale set to be junked
The government is set to scrap the winning bid for the sale of helicopter service provider Pawan Hans and may not seek fresh bids for the defence public sector enterprise, thus scrapping its disinvestment altogether...
Youtuber CarryMinati buys minority stake in esports firm Big Bang Esports
YouTuber Ajey Nagar who goes by the moniker CarryMinati and his business partner Deepak Char have picked up stake in Mumbai-based Big Bang Esports Private Limited. The two have collectively taken a 10% stake in the...
Sephora, RIL call off retail deal
Sephora and Reliance Retail Ltd have abandoned talks to form a retail partnership for the Indian market with the French multi-brand beauty products chain deciding to continue with its existing alliance with Arvind...
Sun Pharma buys Disperzyme, Phlogam brands from Aksigen Hospital Care
Indian drug major Sun Pharmaceutical Industries said it has bought anti-inflammatory brands Disperzyme, Disperzyme-CD, and Phlogam from Mumbai-based Aksigen Hospital Care for an undisclosed amount. All three brands are...
Samvardhana Motherson to buy 51% stake in Saddles International for ₹207 cr
Samvardhana Motherson International Ltd (formerly Motherson Sumi Systems Limited) said it will acquire a 51% stake in Saddles International Automotive and Aviation Interiors Pvt Ltd for an enterprise value of ₹207 crore...
EaseMyTrip eyes more acquisitions to expand business
Online travel platform EaseMyTrip is betting on inorganic growth opportunities and will acquire more companies in the travel segment to expand its footprint, chief operating officer Lokendra Saini said. “We are in...
NCLT reserves order on Torrent plea to halt fresh auction for RCap
The National Company Law Tribunal (NCLT) on Monday reserved its order on fresh auction for the Anil Ambani-promoted Reliance Capital, directing lenders to maintain status quo till the final order is passed by the...
ONGC, TotalEnergies plan joint venture
State-run energy major ONGC plans to tie up with French giant TotalEnergies for exploration and production of oil and gas in the Andaman islands, said Sushma Rawat, director, exploration at ONGC Ltd. In an interview...
Crypto lending unit of Genesis files for US bankruptcy
The lending unit of crypto firm Genesis filed for U.S. bankruptcy protection on Thursday, owing creditors at least $3.4 billion, after being toppled by a market rout along with the likes of exchange FTX and lender...
NCLAT sets aside NCLT order permitting rival Shyam Sel to submit revised bid for Mittal Corp
Insolvency appellate tribunal NCLAT on 18 January allowed Jindal Stainless’ appeal and set aside the NCLT order that permitted rival Shyam Sel and Power Ltd to submit a revised resolution plan for the debt-ridden...
With $1 billion, Apax leads in race for Quest Global stake
Private equity firm Apax Partners has emerged as the frontrunner to acquire a stake in engineering services provider Quest Global Services Pte Ltd, two people with knowledge of the development said. Apax Partners is...
