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Flipkart to invest over $200 mn in Aditya Birla Fashion

Consumer

23 October, 2020

Flipkart to invest over $200 mn in Aditya Birla Fashion

Flipkart Group will invest Rs 1,500 crore ($204 million) in Aditya Birla Fashion and Retail Ltd, as the Walmart Inc.-owned ......

Wall Street banks see rare payday bonanza in India despite pandemic

Finance

22 October, 2020

Wall Street banks see rare payday bonanza in India despite pandemic

Major Wall Street banks in India raked in their second-highest fee income since the global financial crisis in the first ......

Grapevine: Amazon hires AZB in Future case; Tiger Global-backed OkCredit weighs merger

General

16 October, 2020

Grapevine: Amazon hires AZB in Future case; Tiger Global-backed OkCredit weighs merger

Amazon.com Inc. has hired law firm AZB Partners to challenge Future Group’s sale of its retail business to Reliance Industries ......

Amazon injects $95.5 mn into India payments unit ahead of festive season

TMT

09 October, 2020

Amazon injects $95.5 mn into India payments unit ahead of festive season

Amazon.com Inc has invested 7 billion rupees ($95.51 million) in its Indian payments unit, ahead of the festive season, data ......

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Reliance sets sight on another retailer as Future Group deal hits hurdle

Consumer

08 October, 2020

Reliance sets sight on another retailer as Future Group deal hits hurdle

Billionaire Mukesh Ambani-led Reliance Industries Ltd is looking into the possibility of acquiring another retailer even as its ambitious deal ......

Premium
Has PE dealmaking in India bottomed out after slumping to decade-low?

Finance

08 October, 2020

Has PE dealmaking in India bottomed out after slumping to decade-low?

The number of private equity deals in India increased for the first time in four quarters during the July-September period ......

Amazon sends legal notice to Future Group over Reliance deal

Consumer

08 October, 2020

Amazon sends legal notice to Future Group over Reliance deal

Amazon.com Inc said on Wednesday it has sent a legal notice to a promoter of Future Group, alleging the Indian ......

Saudi PIF seeks stake in Indian-origin businessman's UAE supermarket chain Lulu

Consumer

07 October, 2020

Saudi PIF seeks stake in Indian-origin businessman's UAE supermarket chain Lulu

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is in early discussions to buy a stake in supermarket ......

Reliance continues fundraising spree for retail unit, gets $751 mn from ADIA

Consumer

06 October, 2020

Reliance continues fundraising spree for retail unit, gets $751 mn from ADIA

The Abu Dhabi Investment Authority (ADIA) will invest Rs 5,512.50 crore ($751.35 million at current exchange rates) in Reliance Retail ......

Grapevine: RIL calls off Viacom18-Sony merger; ESR eyes Embassy Industrial Parks

General

05 October, 2020

Grapevine: RIL calls off Viacom18-Sony merger; ESR eyes Embassy Industrial Parks

Following a strategic rethink, Viacom18 Media’s indirect majority shareholder Reliance Industries Ltd (RIL) has called off the proposed merger of ......