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Renault to buy out Nissan's 51 pc stake in Indian JV

The JV firm operates the alliance's Chennai-based production facility, which rolls out models for both Renault and Nissan brands.

Renault Group and Nissan have entered into a share purchase agreement to this effect.(Bloomberg)
Published on Mar 31, 2025 09:22 PM IST
PTI |

UltraTech to acquire 32.72 % additional stake in India Cement for 3,954 crore

After completing the ₹3,954 crore deal, UltraTech's stake in India Cements Ltd (ICL) will reach over 55%, mandating an open offer as per Sebi regulations

A man cleans an Expert Testing Van of UltraTech Cement outside a cement store in Ahmedabad. (Amit Dave/Reuters)
Published on Jul 28, 2024 02:27 PM IST
PTI |

Ray-Ban maker EssilorLuxottica says Mark Zuckerberg interested in stake

EssilorLuxottica shares rose as much as 8.1% in Paris on Friday, the biggest increase in more than two years.

Meta CEO Mark Zuckerberg delivers a speech, as a pair of Ray-Ban smart glasses appear on screen, during the Meta Connect event at the company's headquarters in Menlo Park, California.(Reuters)
Published on Jul 26, 2024 03:12 PM IST
Bloomberg |

Warren Buffet reduces stake in Chinese EV giant BYD: Why and what's next?

Despite Warren Buffet's Berkshire Hathaway selling BYD shares, the company sold nearly a million electric and hybrid vehicles in the second quarter, a record.

The BYD Co. badge on an electric vehicle (Bloomberg)
Published on Jul 23, 2024 04:36 PM IST
Bloomberg |

Flipkart tried to buy stake in Swiggy to compete against Zepto, Blinkit: Report

Flipkart was interested in acquiring a stake in Swiggy to take on q-commerce players Zepto & Blinkit, but the talks fell through over valuation disagreements.

The deal was to enable Flipkart to compete in quick commerce and for Swiggy to compete with larger rival Zomato
Published on Jun 25, 2024 12:59 PM IST

Prosus writes off investment in Byju’s, records a loss of $493 million

Tech investor Prosus said in its FY24 annual report that it held a 9.6 per cent effective stake in Byju's before the company's rights issue.

Byju's logo is seen in this illustration.(Reuters)
Updated on Jun 24, 2024 01:55 PM IST

Pfizer to cut stake in Sensodyne toothpaste-maker Haleon to 24%. Here's why

Pfizer, which currently holds a 32% stake in Haleon, said last May it planned to cut its ownership in a "slow and methodical" manner within months.

The Pfizer logo is seen at their UK commercial headquarters in Walton Oaks, Britain. (Reuters)
Published on Mar 18, 2024 12:53 PM IST
Reuters |

Blackstone sells its entire stake in Embassy REIT for 7,100 crore

Embassy Office Parks REIT is India's first Real Estate Investment Trust (REIT) sponsored by Blackstone and Bengaluru-based realty firm Embassy group.

Global investment firm Blackstone on Wednesday sold its entire 23.5 per cent stake in Embassy Office Parks REIT for around <span class='webrupee'>₹</span>7,100 crore, according to sources.(REUTERS)
Published on Dec 20, 2023 08:42 PM IST
PTI |

How Sam Altman return as OpenAI chief affects Microsoft? Experts explain

OpenAI on Tuesday announced that an agreement had been reached for Sam Altman to resume the position of CEO, just days after his removal.

Sam Altman, left, appears onstage with Microsoft CEO Satya Nadella at OpenAI's first developer conference, on Nov. 6, 2023, in San Francisco.(AP)
Updated on Nov 22, 2023 04:38 PM IST

Jeff Bezos expected to sell more Amazon shares worth $1 billion: Report

Bezos may sell as many as 8 million to 10 million shares, amounting to more than $1 billion, the report said.

Amazon founder Jeff Bezos(AP)
Published on Nov 21, 2023 11:52 PM IST
Reuters |

Vedanta founder Anil Agarwal to regain control of Zambian copper mines

Reinstating Vedanta as Konkola’s majority shareholder is “a substantial step in right direction,” said Pushpender Singla, director of the company’s zinc unit.

Vedanta Chairman Anil Agarwal. (File)
Published on Sep 06, 2023 06:58 AM IST
Bloomberg |

Titan locks 4,621-crore deal to acquire additional share of CaratLane

On completion of the purchase, Titan will hold 98.28% of CaratLane on a fully diluted basis, up from 71.09%.

CaratLaneUnlisted CaratLane makes and sells jewellery.
Published on Aug 19, 2023 01:56 PM IST
Reuters | | Posted by Nisha Anand

We stand vindicated, says Aaditya after Maha govt demands Kanjurmarg land for Metro depot

After taking cognisance of citizens’ and activists’ protests, the Uddhav Thackeray-led MVA government had shifted the Metro car shed from Aarey to Kanjurmarg.

Reacting to the allegations by Aaditya, BJP leader Ashish Shelar said, “The young leader has been speaking without any basic study about the project. A committee headed by a senior IAS officer appointed by the Thackeray government had recommended the car depot at Aarey. The wrong decision by the Thackeray government to shift it to Kanjurmarg, after 25 percent of the car shed had already been constructed, led to a daily loss of <span class='webrupee'>₹</span>5.50 crore for the two and a half years of the Thackeray government.” (Bhushan Koyande/HT Photo)
Updated on Apr 16, 2023 12:57 AM IST
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