Reliance Aims Building $6.5 Billion FMCG Business, To Acquire Dozens Of Brands: Report

Reliance to acquire dozens of brands in $6.5 billion consumer goods play: Report MUMBAI: India’s biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever, two sources familiar with the plan told Reuters. Reliance, run by […]

Swiggy to Acquire Dineout, Marking Its Foray Into Dining Out Category

Swiggy has acquired Dineout, a dining out and restaurant tech platform. The food delivery app announced that post acquisition, Dineout will continue to operate as an independent app. This move will allow Swiggy to offer dining out table reservations and events as well as strengthen its business. It will enable restaurant partners to reach more […]

Route Mobile to Acquire Teledgers’ Blockchain, DLT Platform

Enterprise communications service provider Route Mobile will acquire the artificial intelligence-based blockchain and DLT platform of Teledgers Technology for over Rs. 130 crore, according to a regulatory filing. Under the agreement, Route Mobile subsidiary Route Ledger will pay Rs. 4.9 crore as advance to Teledgers within 30 business days of signing the business transfer agreement and […]

Elon Musk Confirmed to Acquire Twitter for $44 Billion

Elon Musk clinched a deal to buy Twitter Inc for $44 billion on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person. Discussions over the deal, which last week appeared uncertain, accelerated over the weekend after Musk wooed […]

Coinbase to Acquire Turkish Crypto Exchange BtcTurk

Coinbase is reportedly in talks to acquire Turkey’s largest crypto trading platform, BtcTurk, for a sum of $3.2 billion (roughly Rs. 24,405 crore) as part of its ongoing global expansion efforts. The move follows reports that the US-based exchange is looking to increase its presence in developing countries. Founded in 2013, BtcTurk claims to have […]

Infosys To Acquire Germany-Based Oddity For $50 Million In All Cash Deal

Infosys to acquire digital marketing agency Oddity for $50 million New Delhi: Information Technology company Infosys will acquire Oddity, Germany-based digital marketing, experience, and commerce agency, in an all-cash deal for $50 million (about Rs 380 crore), the company said on Tuesday. As part of Infosys’ digital experience and design offering, Oddity will become part […]

Amazon Closes $8.5-Billion Deal to Acquire MGM

Amazon announced Thursday it has closed its acquisition of Hollywood studio MGM, two days after European regulators said the deal “would not significantly reduce competition” in European markets. The retail giant had announced the $8.5 billion (roughly Rs. 64,719 crore) deal in May, making it the company’s second-largest acquisition following its $13.7 billion (roughly Rs. […]

Competition Commission Okays Amazon’s Proposal To Acquire Prione Business Services

Competition Commission has cleared Amazon’s proposal to acquire Prione Business Services Private Limited New Delhi: Competition Commission of India (CCI) has cleared Amazon’s proposal to acquire Prione Business Services Private Limited, the entity which runs Cloudtail. Cloudtail is one of the largest online marketplaces in India. “The proposed combination pertains to the proposed acquisition of […]

Airtel to Acquire Vodafone’s 4.7 Percent Indus Towers, With a Condition

Telecom operator Bharti Airtel on Friday said it has signed an agreement to buy Vodafone’s 4.7 percent stake in Indus Towers on the condition that the proceeds will be used for investment in Vodafone Idea and clearing dues of the mobile tower company. Debt-ridden Vodafone Idea Limited (VIL) has been unable to pay dues of […]

IPL 2022 Auction: Harbhajan Singh Leads Reactions After Chennai Super Kings Acquire Deepak Chahar For INR 14 Crore | Cricket News

Chennai Super Kings (CSK) acquired Deepak Chahar for INR 14 crore in the ongoing IPL 2022 Auction on Saturday to make him the most expensive Indian bowler in Indian Premier League history. The bowling all-rounder was involved in a mega bidding war involving CSK, Rajasthan Royals (RR), SunRisers Hyderabad (SRH) and Delhi Capitals (DC). CSK […]

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