LiveVedanta in Talks with Deutsche Bank, Other Banks for Up to $600 Million Loan
Vedanta Resources Ltd (VRL), led by mining billionaire Anil Agarwal, is reportedly in talks with Deutsche Bank and other global lenders, including JPMorgan and Barclays,...
Category : BUSINESS
Goldman Sachs Cuts Adani Group Stake from its ESG Fund
Goldman Sachs Group Inc’s investment arm slashed its exposure to Adani Group in its ESG portfolio in the weeks after short-seller Hindenburg Research accused Adani...
LIC’s New Business Premium Falls 50% After Tax Rule Changes
New business premiums (NBP) of Life Insurance Corporation of India (LIC) fell 50.41% YoY to Rs 5,810.1 crore in April 2023 due to a sharp...
Adani Ports Posts Record-Breaking Rail Cargo of Over 120 Million Tonnes in FY23
Adani Group’s Flagship Company, Adani Ports and Special Economic Zone (APSEZ) announced that it has set a new record for handling the highest-ever rail cargo...
IBM Confirms Acquisition of Polar Security, Reportedly for $60 Million
IBM has officially announced its acquisition of Polar Security, a pioneering provider of automated cloud data security and compliance solutions. While the financial details were...
Jio-bp Launches Premium Diesel Claiming to Offer Higher Fuel Economy, ₹1 Cheaper than Regular Diesel
Jio-bp, the fuel retailing joint venture of Reliance Industries Ltd and UK’s bp Plc, has launched a new premium diesel to provide higher fuel economy....
Senior Tesla Execs to Visit India to Meet Govt. Representatives to Diversify Beyond China
Senior executives from Tesla Inc are planning to visit India this week aiming to strengthen the carmaker’s supply chain in the country and expand its...
Apax Funds to Buy Stake in SaaS firm IBS Software Worth $450 Million from Blackstone
Apax Funds, a global private equity firm, has agreed to purchase a significant stake in IBS Software, a Kerala-based software-as-a-service (SaaS) provider in the travel...
Once valued at $6 billion, Vice Media Files for Bankruptcy, Lenders to Buy it for Just $225 Million
Vice Media Group has filed for bankruptcy and reached an agreement with its lenders to be purchased for $225 million. This represents just 4% of...
Twitter Acquires Recruiting Startup Laskie, its First Deal Under Elon Musk
In one of the first deals of the Elon Musk era, Twitter has reportedly acquired a job-matching technology startup called Laskie, according to Axios. The...