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Belgian teleco Proximus to buy Indian cloud provider for $721 million. Why?
The Brussels-based company will buy about 58% stake in Route Mobile at 1,626.40 rupees ($19.8) a share through its unit Proximus Opal.
Published on Jul 17, 2023 04:25 PM IST
Bloomberg |
TV9 former CEO Ravi Prakash moves tribunal to buy majority stake in company
Ravi Prakash, who was founder-director of ABCL was sacked as director and CEO on May 10 last year for allegedly cheating the company promoters.
Updated on Sep 15, 2020 09:05 AM IST
Hindustan Times, Hyderabad | Srinivasa Rao Apparasu
GK supports allowing women to sing hymns at Golden Temple
Opposes government intervention into religious matters; says rights of broadcasting of live kirtan from the shrine be given to all Punjabi channels
Published on Nov 08, 2019 11:08 PM IST
Hindustan Times, Chandigarh | HT Correspondent, Chandigarh
Deals Buzz: Blackstone may exit auto parts JV Sona Comstar via IPO in two years
In other news, private equity firm Everstone Capital-backed Modern Foods is back in the Delhi-National Capital Region after 14 years with the acquisition of a majority stake in city-based Supreme Baker India Pvt. Ltd.
Updated on Sep 03, 2019 11:34 AM IST
livemint, Mumbai | Ridhima Saxena
Gaming firm Nazara acquires Sportskeeda
Investments and acquisitions have been a key part of Nazara’s growth strategy, with bets in the past year or so including fantasy gaming platform HalaPlay, and real money quiz app Qunami
Published on Aug 21, 2019 10:14 PM IST
M. Sriram
CEO, CFO quit as Jet Airways rescue talks drag on
Vinay Dube, chief executive officer (CEO), and Amit Agarwal, deputy CEO and chief financial officer, put in their papers, adding to the growing list of top-level exits at the Mumbai-based carrier.
Updated on May 15, 2019 10:03 PM IST
Hindustan Times, Mumbai | Rhik Kundu
Less than 15 aircraft of debt-hit Jet Airways currently operational, says government
Less than 15 aircraft of debt-hitJet Airways currently operational, news agency PTI quoted Civil Aviation Secretary Pradeep Singh Kharola as saying.
Updated on Apr 03, 2019 01:26 PM IST
Hindustan Times, New Delhi | Press Trust of India
Pilots of Jet Airways defer strike, seek salary dues by April 14
The pilots’ union has decided to give Jet’s new interim management until April 14 to clear salary dues “in conjunction with interim funding”, and deferred the plans of a strike until then, the National Aviators Guild said in a statement to its members.
Updated on Apr 01, 2019 02:19 AM IST
Hindustan Times, Mumbai | Rhik Kundu
Lessors doubt Jet Airways rescue plan, pull out more planes: Report
Nine of Jet’s planes have been grounded by lessors, versus the four it reported last month, with AerCap Holdings NV and BOC Aviation Ltd among those who have pulled out planes, sources told Reuters.
Updated on Feb 21, 2019 06:17 PM IST
Singapore/Bengaluru | Reuters
Supreme Court seeks colliery reply on mining
The petition said the Adani Group owns 74% stake in the company and that the rest is held by RRVUNL. The company was re-allocated the coal block and allowed to carry on mining in 2015, it claimed.
Published on Nov 27, 2018 11:14 PM IST
Hindustan Times | HT Correspondent
This British woman is more than 10 times richer than the Queen
Denise Coates, 51, has a net worth of $4.5 billion thanks to her majority stake in closely held Bet365, according to the Bloomberg Billionaires Index, and joined the ranks of the world’s 500 richest people for the first time Friday.
Updated on Nov 24, 2018 06:19 PM IST
Bloomberg | Bloomberg
Jabong to lay off 200 employees, to be merged with Myntra: Report
Walmart will lay off nearly 200 employees at Jabong and integrate the online fashion retailer into Myntra, Livemint reported on Friday, days after the head of Flipkart Group Binny Bansal resigned following an internal probe into a “serious personal misconduct”.
Updated on Nov 16, 2018 01:28 PM IST
RIL posts record ₹9,516 crore profit in Q2
Reliance Industries Wednesday said it will buy majority stakes in Den Networks Ltd and Hathway Cable and Datacom Ltd for ₹5,230 crore.
Updated on Oct 17, 2018 07:53 PM IST
Press Trust of India, New Delhi | Press Trust of India
Indonesia’s cigarette billionaire pursues dream of winning gold at Asian Games
Michael Bambang Hartono’s family owns a conglomerate that is among the top cigarette makers in Indonesia .
Updated on Aug 23, 2018 03:51 PM IST
Bloomberg | Tassia Sipahutar
CCI clears US $16 billion Walmart-Flipkart deal
Welcoming the regulator’s decision, Walmart said it remains committed to contributing to the Indian economy by supporting smallholder farmers, manufacturers, and its Kirana customers.
Published on Aug 08, 2018 09:43 PM IST
Press Trust of India | Press Trust of India
LIC board approves acquisition of up to 51% stake in IDBI Bank
LIC’s buying stake in IDBI Bank will help the debt-ridden state-owned bank get a capital support of ₹10,000- 13,000 crore.
Updated on Jul 16, 2018 02:59 PM IST
Press Trust of India, New Delhi | HT Correspondent