• NEWS
    redBus acquires majority stake in Peru-based Busportal

    redBus offers services of over 2,300 bus operators across 70,000 routes in India. New Delhi: Ibibo Group-owned online bus ticketing platform redBus on Monday said it has acquired a majority stake in Peru-based online bus ticketing platform Busportal (Empresa Digital Peruana S.A.C.) for an undisclosed amount. This investment in Busportal.pe will give redBus an entry […]

  • ELECTRONICS
    Government Invites Merchant Bankers For Hudco Stake Sale

    New Delhi: Government has invited applications from merchant bankers to assist in carrying out the proposed disinvestment of Housing and Urban Development Corporation (Hudco). “The government of India is considering to divest 10 per cent paid-up equity capital of Hudco out of its shareholding of 100 per cent in the domestic market through initial public […]

  • ELECTRONICS
    Centum Electronics Completes 51% Stake Buy In France’s Adetel Group

    New Delhi: Centum Electronics on Wednesday said it has completed acquisition of controlling stake in France’s Adetel group. “The company has completed the activities with respect to acquisition of the French Adetel Group SA,” Centum Electronics said in a BSE filing. Last month, Centum Electronics announced acquisition of controlling stake in France’s Adetel group. “Centum […]

  • NEWS
    Why Saama sold its Snapdeal stake

    Photo: Pradeep Gaur/Mint How do you like the view?” asks a beaming Ash Lilani as he strides into the conference room at Saama Capital India Advisors’ Bengaluru office on a February afternoon. The “view” Saama’s co-founder is asking about is a trophy wall of sorts adorned with plaques that sport the logos of the venture […]

  • ALL DEALS
    Apple, FBI Stake Out Conflicting Positions Before Congress

    The US government calls it a “vicious guard dog” that hurts national security. Apple says it’s critical to protecting consumer privacy against increasingly sophisticated hackers. As the debate over built-in iPhone encryption has deadlocked in the courts, law enforcement and the world’s second-largest cellphone maker agreed on one point Tuesday: It’s now up to Congress […]

  • NEWS
    RBI eases stake sale rules in start-ups

    The RBI said it would clarify certain other issues that are permissible under current rules. Photo: Ramesh Pathania/Mint Mumbai: The Reserve Bank of India (RBI) allowed overseas investors to sell their stakes in Indian start-ups to local companies, potentially giving foreign venture capital (VC) funds an easier exit route. The regulator also allowed start-ups to […]

  • NEWS
    Alibaba in talks to buy Flipkart stake

    Jack Ma, founder of Alibaba Group. If the Flipkart-Alibaba deal goes through, it will make Alibaba one of the three most important investors in India, along with Tiger Global Management and Japan’s SoftBank Group. Photo: Bloomberg New Delhi/Bengaluru: China’s Alibaba Group, which has backed Paytm and Snapdeal, is looking to increase its footprint in India […]