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Reuters
July 21, 2018
India's third-biggest software services exporter, Wipro Ltd (WIPR.NS), said on Friday it would buy U.S.-based Alight Solutions' India operations for $117 million in cash.


PTI
July 19, 2018
Eight people were killed and several feared trapped under the rubble of two adjacent buildings which collapsed in Greater Noida on the outskirts of the national capital, officials said today.


Reuters
July 19, 2018
Amazon.com's stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street's most valuable jewel.


BusinessToday.In
New Delhi, July 18, 2018
The long-pending merger of Idea Cellular and Vodafone India had received a go-ahead from the DoT on July 10. The department says the dues demanded are just fine, and both these companies need to pay up at the earliest.


BusinessToday.In
New Delhi, July 18, 2018
Walmart might even bring in talent from its Asda unit in UK that it had sold to rival, Sainsbury for $10 billion in April.


BusinessToday.In
July 17, 2018
Days after the state-run lender received a letter from Life Insurance Corporation of India (LIC) expressing its interest in acquiring 51 per cent controlling stake in IDBI Bank, the NPA-laden bank in its board meeting today sought government's decision in this regard.


Mail Today Bureau
July 17, 2018
The next step for LIC is to approach market regulator Sebi, as the bank, which is also state-owned, is a listed entity. Insurance regulator IRDAI has already given its approval to the insurer for the stake purchase.


BusinessToday.In
July 16, 2018
A partnership with Flipkart could have unleashed a formidable force in terms of a voice-based shopping experience - Google's strength in building an online shopping ecosystem, along with its AI-powered speaker Google Home.


BusinessToday.In
New Delhi, July 16, 2018
Department of Economic Affairs Secretary Subhash Chandra Garg said that since the combined shareholding of both the government and LIC would be over 90 per cent, and that public shareholding is too low, an open offer might not be on the cards.


BusinessToday.In
July 16, 2018
Last month, the insurance regulator approved LIC's proposal to increase its stake in troubled IDBI Bank from current 10.82 per cent to 51 per cent. Currently, the government holds 81 per cent stake in IDBI Bank.


BusinessToday.In
New Delhi, July 15, 2018
Hyderabad-based Aurobindo Pharma has inked a definitive agreement with Canadian pharmaceutical firm Apotex to take over its commercial operations in five European countries.


PTI
July 15, 2018
After the data breach came to light, the Ministry had in March and April this year shot off communications to Facebook and Cambridge Analytica seeking clarification on the issue from them.


Mail Today Bureau
July 14, 2018
The Fortis board of directors picked up IHH offer to infuse Rs 4,000 crore by way of subscription to preferential shares, over rival TPG-Manipal consortium's offer that included Rs 2,100 crore infusion and merger of Manipal Hospitals with Fortis Healthcare.


BusinessToday.In
New Delhi, July 13, 2018
Walmart has said that it will fulfil whatever is the regulatory requirement, according to an official aware of the development. The US retail behemoth reportedly added that it will get the tax implication of the deal examined.


BusinessToday.In
July 13, 2018
In a regulatory filing Fortis Healthcare disclosed that its board had decided to recommend the binding investment proposal from IHH Healthcare Berhad (IHH) to invest Rs 4,000 crore by way of preferential allotment at a price per share of 170.


BusinessToday.In
New Delhi, July 12, 2018
Significantly, Ola CEO's email to his team underscored the point that the company has not sacrificed top line growth or ceded market share to Uber to achieve this goal.


PTI
July 11, 2018
The company had received binding bids from Malaysia's IHH Healthcare and Manipal-TPG combine on July 3, the last day of submission of fresh round of bids called by a newly constituted board.


BusinessToday.In
July 11, 2018
Under Sebi's takeover code, if a company acquires more than 25 per cent in another listed company, it has to make an open offer to minority shareholders to buy at least 26 per cent more in the target firm.


BusinessToday.In
July 11, 2018
At 10:51 am, the stock was trading 6.58% or 3.50 points higher at 56.70 on BSE. On Tuesday, the stock rose 9.02 per cent to close at Rs 53.20 on BSE. Intra-day, it jumped 14.34 per cent to Rs 55.80 on Tuesday when reports about the open offer poured in. On NSE, shares of the company zoomed 9.32 per cent to end at Rs 53.35.


Manu Kaushik
New Delhi, July 10, 2018
The demand by DoT is unjustifiable on two grounds. Firstly, the telcos have got stay orders from various high courts against the payment of OTSC to DoT. Since the telcos are still contesting the matter, the demand for spectrum charges is untenable.


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