LiveFlipkart to Conduct $700 Million ESOP Buyback Amid PhonePe Funding Round
Flipkart may conduct $700 million in employee share buybacks as part of PhonePe’s new funding round. PhonePe is expected to raise between $1.5 billion and...
Category : BUSINESS
Fosun Says to Consider Selling $3.6 Billion Gland Pharma
Billionaire Guo Guangchang’s Shanghai Fosun Pharmaceutical Group Ltd is considering selling Indian drugmaker Gland Pharma Ltd after receiving interest from potential buyers, people familiar with...
Tata Motors Partners with IndusInd Bank to Provide Financing for EV Dealers
To increase the penetration of electric vehicles (EVs) in the country, Tata Motors on Tuesday announced that it had joined hands with IndusInd Bank to...
NDTV Promoter Entity Transfers 99.5% of Its Equity Capital to Adani-Owned VCPL
RRPR Holding Pvt Ltd, the promoter entity of New Delhi Television Limited (NDTV), informed the stock exchange on November 28 that it has transferred 99.5%...
Yes Bank Acquires 9.9% Stake in JC Flowers ARC
Yes Bank has signed a share purchase agreement (SPA) with JC Flowers Asset Restructuring Company (ARC) for a 9.9% stake in ARC at Rs 11.43...
Oil Declines to 11-Month Low as China COVID Unrest Rattles Markets
On Monday, oil prices dropped sharply to a nearly 11-month low as escalating protests in several major Chinese cities ramped up concerns over growing economic...
C4D Partners Receive Sebi’s Approval to Launch Fund to Invest in Indian Startups
On Monday, Netherlands-based C4D Partners said it had received approval from market regulator Sebi to launch its $50 million (Rs 408 crore) fund to invest...
Max Financial Services Receives Irdai’s Approval to Acquire Remaining Stake in Max Life
Max Financial Services, the promoter of the insurer Max Life Insurance, has received approval from the insurance regulator (Irdai) to buy the remaining 5.17% stake...
HFCL Wins Rs 1,770 Crore EPC Project For UP’s Rural Water Supply Network
HFCL has secured contracts totalling Rs 1,770 crore from SWSM for EPC services, including laying fibre optic cables to implement a rural water supply network...
Biden Administration Bans Huawei, ZTE Equipment Sales
The US has banned approvals of new telecommunications equipment from China’s ZTE and Huawei Technologies as these companies pose unacceptable risks to US national security....