Social Media Giant Facebook Eyeing Multi-Billion Dollar Investment to acquire 10% stake in Reliance Jio
Category: BUSINESS
Mukesh Ambani Backed Reliance Industries Sets Up India’s First Dedicated 100-bed Coronavirus Hospital; to produce 1 lakh Masks Daily
India’s Largest Private Lender SBI Launches COVID-19 Emergency Credit Line to Boost Liquidity
Indonesian Billionaire Robert Hartono, Haldiram’s & Vedanta all in Race to Acquire Videocon Industries
Haldiram, the country’s largest snack maker, is about to buy Videocon Industries. According to media reports, a total of 8 investors, including Haldiram, Vedanta and Indonesian billionaire Robert Hortono, have expressed their desire to buy Videocon Industries, which is being sold under the Bankruptcy Law. According to a report in the Economic Times, eight investors […]
PVR Cinemas Launches Delhi’s First and India’s Biggest 12 Screen Superplex in Dwarka Vegas Mall
PVR Limited is opening its first 12-screen multiplex in New Delhi. The 12 Screen Superplex flagship property with IMAX and 4DX at Vegas Mall, Dwarka is the biggest by PVR in India so far. PVR recently also ventured into Sri Lanka.
Yes Bank launches India’s Largest Banking API Developer Platform ‘YES Fintech Developer’
Private lender YES BANK announced the launch of “YES Fintech Developer”, India’s largest banking API developer platform. The new banking api developer platform also provides a boost to the YES Bank’s effort of co-creating innovations with fintechs, startups and the developer ecosystem to enhance customer experience.
ICICI Bank introduces India’s First Fixed Deposit with Free Health Insurance of Rs 1 lakh; will cover 33 types of Critical Illnesses
ICICI Bank introduces an FD with free health insurance : FD Health gives you a critical illness insurance cover of Rs 1 lakh against 33 types of critical illnesses covered under the policy. If you are diagnosed with one of the listed critical illnesses, you will be eligible to make claim without liquidating the fixed […]
PVR Opens First International 9-Screen Property In Sri Lanka, Partners With Shangri La Group
PVR has just launched its first ever 9 screen cinema in Sri Lanka. PVR new foray into SriLanka, open theater in collaboration with Shangri La Group. One Galle Face Mall is the largest international mall in Sri Lanka. The seven-storey mall will be home to more than 200 tenants and offer visitors an unparalleled shopping […]
Tata Power forays in building 10,000 Microgrids in India’ will provide Electricity to 50 Lakh Homes in Rural Areas
Tata Power on Monday said it will create an arm, TP Renewable Microgrid, to set up 10,000 microgrids to provide power to five millions homes across the country. The TP Renewable Microgrid would be set up in collaboration with Rockefeller Foundation, which will provide technical support to the offshoot for achieving its objective. However, Rockefeller […]
Asia Pacific’s Leading Logistics Real Estate Platform ESR partners with Future Group to set up Rs 300 crore Industrial & Warehousing Parks
ESR partners with Future Group to invest close to Rs.300 Crore. India’s top retail conglomerate joins forces with Asia Pacific’s leading logistics real estate platform. ESR India Investments Holdings, a subsidiary of Asia Pacific’s leading logistics real estate platform ESR, has inked a pact with Kishore Biyani’s Future Group to set up two industrial and […]
Adani Logistics to Acquire Snowman Logistics to boost its Dominance in Indian Logistics Industry
Adani Ports and SEZ’s logistics subsidiary is in final stages to acquire Snowman Logistics, as per the direct sources with the knowledge of the development told CNBC-TV18. Gateway Distriparks, the parent company of Snowman Logistics, is pursuing to divest its majority stake in the loss-making firm to arrange more funds and reduce debt, said the […]
Tech Mahindra acquires New York-based Media Group ‘BORN’ for $95 Million
IT services firm Tech Mahindra Limited (Tech M) has acquired the New York-based digital content and production agency BORN Group for $ 95 million . The acquisition will help boost the electronic and mobile commerce sector globally and provide an enhanced user experience to Tech Mahindra’s customers globally.
Burger King India to list on Indian Stock Exchanges to raise Rs 1,000 crore via IPO soon
Everstone-backed Burger King India to file IPO prospectus soon. Burger King’s India unit looks to raise 4 billion rupees in Initial Public Offering. Fast-food major Burger King India is looking to go public next year and as per media reports the company plans to file a document for an IPO this week with the SEBI.
SpiceJet plans IPO for its Logistics Arm ‘SpiceXpress’ by 2020 amid E-Commerce Boom
Ajay Singh reveals plans for cargo arm SpiceXpress IPO by 2020. The one-year-old cargo division, known as SpiceXpress, could be listed on a stock exchange within 12 months. Indian budget carrier SpiceJetNSE 0.00 per cent plans to sell shares in its logistics business in an initial public offering, as the rise of e-commerce drives demand […]
French Energy Giant Total buys 37.4 per cent stake in Adani Gas for ₹6,155 crore
French petroleum company Total has now given a clear indication of playing a big role in India’s petroleum sector by buying a stake in Adani Gas. The company has entered into an agreement to buy a 37.4 percent stake in Adani Gas. The company will invest around Rs 5,700 crore for this equity. The total […]
Reliance Jio isn’t ‘free’ any more; will charge 6 paise per minute for outgoing calls to Rivals like Airtel & Vodafone
Reliance Jio has gone back on its 2016 promise to keep voice calls free. India’s only profitable telcom companies has started charging 6 paise per minute for calls to rival networks, though it will compensate users with additional data. Jio said it was “compelled” to take the step following the telecom regulator’s decision to review […]
NTPC to set up 5,000 MW Ultra-Mega Solar Park in the Kutch, Gujarat; to Invest Rs 20,000 cr
National Thermal Power Corporation Ltd (NTPC Limited), India’s Largest Power Utility, is planning to build a large solar power park in the western part of the country. The company expects to build a 5 GW solar power park in the Kutch area of Gujarat. The total investment of the project is about 2.8 billion US […]
Mahindra And Ford Motors forms Joint Venture To Focus On Electric Vehicles Manufacturing
Domestic auto company Mahindra & Mahindra (M & M) recently announced in a press release about the acquisition of majority stake in Ford Motor Company’s wholly-owned entity. This acquisition will give Mahindra control over Ford’s automotive business in India. The new unit will develop the market in India and sell Ford brand vehicles. The joint […]
Indian Government to Sell India’s Leading Fuel Giant BPCL Needs Parliament Approval
BPCL at the end of market close on September 27 had a market capitalization of about Rs 1.02 lakh crore and even a 26 per cent stake sale at this valuation would fetch the government Rs 26,500 crore plus a control-and-fuel-market-entry premium ranging anywhere between Rs 5,000 crore to Rs 10,000 crore, officials said.
India’s Economic Slowdown hits Dalal Street as Sharekhan to Fire 400 Employees
Sharekhan, the retail broking arm of BNP Paribas, has asked over 400 employees to quit the leave and the company, said people familiar with the development. A shift to online broking model and shrinking revenues have prompted the brokerage to cut staff cost, they said.