Shopclues, the newest member of India’s billion-dollar valuation club, is in advanced talks to buy payments startup Momoe, according to three people familiar with the development, as part of the online...
United Tech looks for a big deal after rebuffing Honeywell
United Technologies Corp (UTX.N), maker of jet engines, aircraft components and building systems, said it is open to doing a large acquisition despite rejecting a merger proposed by Honeywell International Inc (HON.N)...
United Airlines and Air NZ make revenue-sharing deal amidst NZ tourism boom
United Airlines (UAL.N) and Air New Zealand (AIR.NZ) have struck a revenue-sharing agreement, the companies said on Friday, as airlines boost flights to New Zealand’s fast-growing tourism market. The agreement is...
Utility Westar Energy Said to Mull Options Including Sale
Westar Energy Inc., the biggest electric utility in Kansas, is in the early stages of exploring strategic options that could lead to a sale, according to people familiar with the matter, amid consolidation in the U.S...
AMC Merger Pushback
The No. 1 priority for a public company is to act in the best interest of its owners. But what happens when the board and shareholders disagree on what that means? This is the pickle Carmike Cinemas is in. The movie...
South Africa’s Adcock in talks to sell part of its India business.
South Africa’s second largest drug maker Adcock Ingram is in advanced talks to sell part of its India business to Oaknet Lifesciences, an entrepreneurial venture set up last year by RS Raghav, a former Lupin...
In bid to reduce debt, USL puts plan to sell properties on fast track.
India’s largest spirits maker, United Spirits (USL), majority owned by UK’s Diageo Plc, has hastened the process of selling 13 residential properties and mandated a leading banker to re-evaluate these...
HDFC Bank partners with five start-ups
HDFC Bank has chosen five start-ups it will work with to strengthen their web, mobile and payment offerings. The company shortlisted these five from 30 applications at its maiden Digital Innovation Summit, it said on...
Vanity Cube raises $300,000 from Unicorn Ventures, others
Delhi-based on-demand wellness and beauty services company Vanity Cube Pvt Ltd. said on Friday that it had raised $300,000 in an early stage round from Unicorn Ventures, friends and family. The company that was founded...
Times Internet to acquire Willow TV International
Times Internet Ltd (TIL), the digital arm of the Times Group, on Thursday said it had reached a definitive agreement to acquire Willow TV International, a leading cricket broadcaster in the US. Willow is one of the...
Staples Says Office Depot Deal Is Dead If Judge OKs Injunction
Staples Inc. will walk away from its yearlong effort to purchase Office Depot Inc. if a judge grants a preliminary injunction from the U.S. Federal Trade Commission, which is seeking to block the deal. The injunction...
Virtusa rejigs Polaris board post acquisition.
Having completed the acquisition of a majority stake in Polaris Consulting & Services, Virtusa has announced a change in the composition of the board of directors of the company, as well as a reconstitution of...
