There are widespread rumors in media that Mitsubishi UFG Financial Group (MUFG) is looking to acquire 20% stake in Shriram Finance (SFL) for $2.6bn. As per the speculations – Stake would be acquired through fresh issue MUFG would be open to gradually increase stake and hence also possibility of open offer at some stage The … Read more
Promoters of Hyderabad-based ValueLabs, a technology services and AI solutions firm, are looking to sell the entire business at a valuation of $1 billion (about ₹8,880 crore).The Donakanti family, which owns the company, has engaged Goldman Sachs to identify potential buyers, said multiple people familiar with the matter. Several global private equity buyout funds have … Read more
The European Union has cleared the proposed joint venture between Reliance Industries Limited (RIL) and Meta Platforms to build enterprise-focused artificial intelligence solutions, ET Now reported Friday. The joint venture, announced last month at RIL’s Annual General Meet (AGM), will invest about ₹855 crore (US$100 million), with Reliance holding a 70% stake and Meta 30%. … Read more
HDFC Bank has been barred from onboarding new customers at its Dubai International Financial Centre (DIFC) branch by the local regulator. In an exchange filing, the Bank said it has received the “decision notice” from DFSA, which points to alleged violations. Details of the violations were not informed by the bank. It can continue to … Read more
Shantanu Jain and Sania Arora Jain, who launched Biome Life Sciences LLP in 2019 that came under the Fabindia fold a year later, said in their petition that the retailer has breached their shareholder agreement (SHA) by failing to honour a “put option” that entitled them to sell their stake under a pre-agreed formula. Biome … Read more
Homegrown Tata Consultancy Services Ltd, the country’s largest information technology (IT) services company, and India-heritage Cognizant Technology Solutions Corp. were among the companies targeted by two senators, Republican Charles E. Grassley and Democrat Richard J. Durbin, over hiring practices. A third senator, Tom Cotton, is considering bills to reform of H-1B programme, while his Republican … Read more
Online gaming companies on Friday (September 26, 2025) told the Supreme Court of India that their “businesses are shut down” owing to the new law which bans real money games, related banking services and advertisements. They sought urgent hearing and interim relief from the implementation of the Promotion and Regulation of Online Gaming Act, 2025. … Read more
Pushing back against the protectionist wall being erected by MAGA-infused United States, India has called on BRICS nations to defend the multilateral trading system and adherence to international law, risking blowback from a US President who has been openly hostile to the non-western economic alliance. Hosting a meeting of foreign ministers of BRICS – including … Read more
Co-working major WeWork India is gearing up to launch its initial public offering (IPO) on October 3, with people aware of the matter pegging the issue size to nearly ₹3,000 crore. The issue will close on October 7, with bidding for anchor investors opening for a day on October 1, as per the red herring … Read more