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Deals

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Free trade agreement with India won't be 'free-for-all deal': UK minister

Oct 04, 2022

The minister, who is leading the final round of India-UK FTA negotiations on the British side, pointed out that the intention is to reduce barriers to trade bilaterally and balancing each side's different requirements on product and market access.

Elon Musk

Elon Musk proposes to proceed with Twitter takeover: Report

Oct 04, 2022

Musk offered to buy the San Francisco company at $54.20. Shares jumped nearly 13% to $47.95 before trading stopped.

CCI approves Sony-Zee merger with certain conditions: Report (Photo: Reuters)

CCI approves Sony-Zee merger with certain conditions: Report

Oct 04, 2022

India's competition regulator has approved a merger between the Indian unit of Japan's Sony and Zee Entertainment if certain conditions are met.

(L to R) John Mara, Jill Kouri, Ron VanDeVeen, C Vijayakumar, Woody Johnson

HCLTech new cornerstone partner of US’ MetLife Stadium; aims to enhance Giants, Jets fan experiences

Sep 27, 2022

The new partnership would elevate and unify seamless experiences for guests both inside and outside the stadium during and after game days through immersive, real-time digital engagement, the tech company said.

Image source: Mahindralogistics.com

Mahindra Logistics acquires Rivigo Services, aims to strengthen its express business capability

Sep 27, 2022

Mahindra Logistics, with this acquisition, aims to add significant strength to its express business capability.

Byju Raveendran, founder, Byju's

Byju’s clears pending dues to Blackstone in $1 bn Aakash acquisition

Sep 24, 2022

The big-ticket acquisition worth $950 million was announced in April 2021. Blackstone owned nearly 38 per cent of the online coaching chain before the acquisition.

Salesforce integration with WhatsApp Business Platform for Marketing Cloud is expected to be available in December 2022

Meta's WhatsApp partners with Salesforce to help ‘businesses chat directly with customers’

Sep 20, 2022

Salesforce aims to offer WhatsApp-first business messaging to its customers as a new way to sell, market, and support right from a conversation to increase customer engagement, accelerate sales, and drive better customer support outcomes.

Figma founder Dylan Field

Figma founder Dylan Field, a college dropout, to get $2 bn after selling startup to Adobe

Sep 17, 2022

Adobe also revealed that it expects the deal to be accretive to its earnings three years after its completion. Before Figma, Adobe's largest acquisition was that of software maker Marketo for $4.75 billion in 2018.

Sony, Zee offer concessions to ease India watchdog worry over merger: Sources (Photo: Reuters)

Sony, Zee offer concessions to ease India watchdog worry over merger: Sources

Sep 12, 2022

Sony and Zee in December decided to merge their television channels, film assets and streaming platforms to create a powerhouse in a key growth market of 1.4 billion people, that will challenge rivals like Walt Disney Co.

Yulu is an electronic vehicle company creating two wheelers

Yulu wants to get 1 lakh e-bikes on the road with Magna's Rs 653 cr funding

Sep 12, 2022

Yulu aims to increase its EV fleet to more than 1 lakh electric two-wheelers along with 500+ battery charging and swapping stations in the next 12 months.

The revamped soft drink will be available at Reliance Retail stores, JioMart and kirana stores all over the country.

Reliance to bring back Campa Cola of the 70s! Ambani buys the old brand from Pure Group

Aug 31, 2022

Isha Ambani's Reliance Retail Ventures will relaunch the soft drink in cola, lemon, and orange flavours in October this year

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IPL sets the tone for Disney Star's ICC winning bid

Aug 27, 2022

The broadcaster will pay 92 per cent more in rupee terms to retain the rights, where viewership across matches is completely linked to India's performance.

Through Ayushman Bharat Health Account (ABHA), users can create their digital health records. (Representative image)

Health ministry pacts with Edelweiss General Insurance to create digital health IDs

Aug 23, 2022

Digital Health ID or ABHA (Ayushman Bharat Health Account) number is a 14-digit number that helps users to share and access their health records digitally with registered healthcare providers.

Weekly rundown: Shiprocket turns unicorn; Razorpay buys Ezetap

Weekly rundown: Shiprocket turns unicorn; Razorpay buys Ezetap

Aug 20, 2022

The start-up ecosystem saw the rise of a new unicorn, a set of acquisitions and a couple of venture capital fund announcements in a busy week of activity.

Gautam Adani's Adani Power to acquire DB Power for Rs 7,017 crore

Gautam Adani's Adani Power to acquire DB Power for Rs 7,017 cr

Aug 19, 2022

DB Power owns and operates two units of 600 MW thermal power plant at Chhattisgarh’s Janjgir Champa District.

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Mahindra, Volkswagen deepen EV component cooperation

Aug 15, 2022

The agreement covers components of Volkswagen's open platform for electric vehicles (EVs), called MEB, to be supplied to Mahindra's new electric platform INGLO, the companies said in a joint statement.

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OYO expands presence in Europe, acquires Denmark-based Bornholmske Feriehuse

Aug 09, 2022

Based out of Bornholm island in Denmark, Bornholmske Feriehuse has 737 holiday homes spread over 30 holiday parks on its platform and expects to clock more than 2.5 lakh guest nights in 2022, OYO said in a statement.

Twitter on Thursday dismissed Musk's claim that he was hoodwinked into signing the deal to buy the social media company, saying that it was "implausible and contrary to fact".

Elon Musk says Twitter deal should go ahead if it provides proof of real accounts

Aug 06, 2022

In response to a Twitter user asking whether the U.S. SEC was probing "dubious claims" by the company, Musk tweeted "Good question, why aren't they?”.

The beauty and lifestyle platform also revealed that transaction is expected to be completed within 60 days.

Nykaa receives board approval to acquire Little Black Book

Aug 05, 2022

Nykaa said that this acquisition aligns with the company's fundamental content-first approach to engaging with its loyal consumer base. It further added that LBB's focus on fashion, home and beauty categories fits well with Nykaa’s areas of strength.

The development comes on a day when the Zomato scrip witnessed a nearly 20 per cent surge to close at Rs 55.60 apiece on the BS

Uber exits Zomato by selling entire 7.8% stake, Fidelity, ICICI Prudential buy stakes

Aug 03, 2022

Fidelity's emerging market fund bought 5.44 crore shares of Zomato today in the bulk deal at an average price of Rs 50.26. ICICI Prudential Life Insurance bought 4.5 crore shares at Rs 50.25 per share.

The merged entity will be known as Shriram Finance Ltd.

Shriram Transport Finance gets CCI nod for merger

Aug 02, 2022

The Chennai-based diversified financial services company Shriram Group, in December last year, had announced the merger of Shriram Capital Ltd (SCL) and Shriram City Union Finance Ltd (SCUF) with Shriram Transport Finance Ltd.