Apollo Hospitals to hive-off pharmacy, digital health businessesApollo Hospitals Enterprise has announced the separate listing of its omnichannel pharmacy and digital health businesses within 18-21 month...
Perplexity AI proposes to merge with Tiktok, with US government getting halfUnder the proposal, ByteDance would sell TikTok US to the investors, which would give TikTok's existing investors equity in the company. Th...
Meritor acquisition: CCI levies Rs 10 lakh penalty on CumminsThe Competition Commission of India (CCI) has levied a penalty of Rs 10 lakh on Cummins for failing to notify the regulator about the acqui...
Crypto lender Celsius picks Fahrenheit's bid for bankruptcy exitFahrenheit, a consortium that includes blockchain-based venture capital firm Arrington Capital, will provide the capital, management team a...
IFC to invest Rs600 crore in Mahindra’s last mile mobility businessThis is IFC’s first investment in an EV manufacturer in the country and the first in electric three-wheelers globally. This will be in the ...
Crypto lender Celsius Network chooses NovaWulf bid for bankruptcy exitThe proposed deal with NovaWulf should allow Celsius to exit Chapter 11 and begin returning crypto assets to customers in June, Celsius att...
EY India's advisory business will log billion dollars in revenue even after split: Rajiv Memani, Chairman and Managing Partner, EY IndiaIn an exclusive chat with Vinod Mahanta, Memani gets down to the brass tacks on the impending split at EY India even as the professional se...
Mahindra-Ford joint venture plans called off due to changing global economic conditionsChanges were influenced due to separate decisions by Ford and Mahindra to reassess their respective capital allocation priorities. The US c...
IBM to redouble focus on hybrid cloud and AI: India MDThis comes amid the US-based technology giant’s previously announced restructuring process to split itself into two.
IBM to spin off $19 billion business to focus on cloud computingIBM CEO Arvind Krishna said the split will help IBM focus on its cloud platform and artificial intelligence, while the newly formed company...
GroupM appoints Kartik Sharma as Managing Director of NewCoGroupM had recently announced its agencies MEC and Maxus will be merging to form a billion-dollar revenue, global media, content and techno...
Novel Event-Carnival float joint venture to ease film shooting abroadThere are several exotic locations around the world available for the film industry at surprisingly low budgets, said Neeraj Singhal, direc...
Reliance Communication unit buys Onyx NewCo LLC (ONL)In the filings on the Bombay stock exchange, Reliance Communication states that ONL will be a telecommunications firm and is yet to start i...
CCI clears Coca-Cola's deal with Monster BeveragesIn India, Coca-Cola has insignificant presence in the energy drink segment while Monster has minimal presence with some of its energy drink...
JSPL to buy majority stake in Apollo Minerals'Jindal Steel and Power will acquire majority stake in iron ore assets of Australian firm Apollo Minerals by investing AUD 10 million.
Telenor seeks clarity on transfer of its existing telecom business to NewCoTelenor has asked DoT to clarify whether it will be allowed to transfer its existing businesses in India to a new entity, if the company is...
- Ruby buying out diamond!
News Corp's Rupert Murdoch has chosen a predictable alias for completing the $5.2 billion buyout of Dow Jones & Co.