Global private equity firms including Apax Funds and Advent International have joined the race to acquire a majority stake in RedTape, in a transaction that could value the Indian footwear maker at ₹4,500–5,000 crore (about $500 million), three people familiar with the matter said on condition of anonymity. The proposed deal marks one of the … Read more
The “game-changer” free trade agreement (FTA) between India and the European Union (EU) is set to unlock significant trade and investment opportunities for the country in the high-potential market of the 27-nation bloc, which remained untapped and boost India’s export competitiveness, industry bodies said on Tuesday. The European Union and India on Tuesday announced the … Read more
Among Silicon Valley elites where tech titans have largely aligned with President Donald Trump’s purportedly race-driven MAGA vision, Indian-American venture capitalist Vinod Khosla has been an outlier. Exceptional as his opposition to Trump has been, the billionaire tech savant has set off a political and cultural firestorm this week with a blunt message aimed at … Read more
Many corporate groups are caught in a bind over a Reserve Bank of India (RBI) rule on their holding and strategic investment companies. While promoter families use these entities to own equity stakes and control group companies, they are unlike regular holding companies. The difference lies in their income streams: more than half of their … Read more
The Trump administration has quietly expanded the scope for government-backed mortgage giants Fannie Mae and Freddie Mac to buy far more mortgage bonds than previously allowed, a move aimed at lowering home loan rates but one that has revived concerns about financial risk and policy overreach.According to an internal email obtained by the Associated Press, … Read more
Global media giant Netflix’s Chief Executive Officer (CEO) Greg Peters rejected Paramount Skydance’s $108 billion bid to acquire Warner Bros. Discovery (WBD), calling out that the offer being backed by Oracle co-founder Larry Ellison, who is set to fund $40.4 billion in equity financing, reported the news portal Financial Times (FT). Netflix’s CEO said that … Read more
PVR INOX on Monday said it will divest its premium snacking business under the 4700BC brand to FMCG major Marico in an all-cash transaction valued at Rs 226.8 crore, a move aimed at reducing debt and sharpening focus on its core cinema operations. PVR INOX expects this deal to “be completed within 30 days from … Read more
Blackstone Inc. and Temasek Holdings Pte are among the early bidders for control of Royal Challengers Bengaluru (RCB), two people familiar with the matter said. Diageo, which owns RCB’s parent United Spirits Ltd (USL), had begun the sale process of the IPL champion franchise in November. The private equity (PE) heavyweights have submitted non-binding bids, … Read more
South Korea became the first country to have a wide-ranging law regulating artificial intelligence take full effect on Thursday, including specific provisions targeting deepfakes. The country, home to memory chip powerhouses Samsung and SK hynix, has said it aims to join the United States and China as one of the top three AI powers. “The … Read more