Idea Cellular’s board has approved the proposed merger of Idea Mobile Commerce Services Limited (IMCSL) with Aditya Birla Idea Payments Bank Limited (ABIPBL). At present, IMCSL manages the operator’s digital wallet Idea Money. APIPBL was […]
Tata Sons will increase its share in AirAsia India to 49 per cent by purchasing the 7.49 per cent stake held by Telestra Tradeplace. With the deal, Tata Sons and Malaysia’s AirAsia Berhad will hold […]
The Indian Oil Corporation is in talks to buy an equity stake in the Nagarjuna Group’s refinery Nagarjuna Oil Corporation Limited (NOCL) in Cuddalore, Tamil Nadu. The move follows talks by Singapore-based Netoil to buy […]
Vodafone India has sought Foreign Investment Promotion Board approval to acquire TRG Capital-owned YOU Broadband for around Rs 4 billion. Rothschild and ICICI Securities are serving as investment bankers for the transaction to Vodafone and […]
Flipkart has acquired Bengaluru-based mobile payments company PhonePe. However, the financial details of the acquisition have not been disclosed. PhonePe is building a unified payments interface-based product. The interface will allow users to carry out […]
China-based handset vendor Xiaomi has led an investment round of $25 million in Hungama Digital Media Entertainment, Mumbai-based aggregator and publisher of online entertainment content, along with Hungama’s existing investors. As per the deal, Xiaomi […]
The Cabinet Committee on Economic Affairs has approved the proposed acquisition of 51 per cent stake in Viom Networks by the American Tower Corporation (ATC). The deal, valued at Rs 76.35 billion, was announced in […]
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed a share purchase agreement with Indo Rama Renewables Limited (IRRL) to acquire the latter’s 30 MW wind farm at Sangli, Maharashtra. The […]
Shapoorji Pallonji and Company Limited is reportedly planning to acquire a 51 per cent stake in KPPL. However, no financial details have been disclosed as the deal is in the initial stages. Karaikal port will […]
Hyderabad-based digital marketing firm Lycos Internet is planning to acquire Austria-based mobile solutions provider TriTelA Gmbh in an all-stock transaction valued at $12 million. As per the terms of the transaction, Lycos will issue 28.48 […]
Nielsen has acquired Mumbai-based Informate Mobile Intelligence, which gathers and interprets data pertaining to mobile usage, for an undisclosed amount. The move will enable both companies to respond quickly to trends across international markets. Prior […]
Tata Communications is reportedly planning to sell its 74 per cent stake in Tata Communications Data Centre Private Limited to Singapore Technologies Telemedia. The deal is said to be valued at $600 million-$650 million. The […]
The shareholders of RCOM have approved the proposed merger of Sistema Shyam TeleServices Limited (SSTL) with RCOM. The deal has already been cleared by bodies such as the Competition Commission of India, the Rajasthan High […]
ONGC Videsh Limited (OVL), along with the Indian Oil Corporation (IOC), Oil India Limited (OIL) and BPCL, is in talks to buy an additional stake of about 35 per cent in Russia’s Vankor oilfield in […]
Reliance Communications (RCOM) and Aircel have decided to renegotiate the terms of their proposed merger. The two operators will combine their wireless business and the parent companies will hold 50 per cent each in the […]
Gujarat State Petronet Limited (GSPL) has bought a 27.43 per cent stake in Sabarmati Gas Limited (SGL) from financial institutions for a consideration of Rs 562.3 million. SGL is a JV of Bharat Petroleum Corporation […]
Tata Communications is reportedly planning to sell 74 per cent stake in its subsidiary, Tata Communications Data Centre Private Limited, to Singapore Technologies Telemedia. The deal is said to be valued at Rs 40 billion-Rs45 […]
Bharti Airtel has completed the acquisition of 74 per cent stake in Augere Wireless Broadband India. The operator had announced its decision to acquire Augere Wireless in August 2015. The same was approved by its […]
Bharti Airtel has completed the acquisition of 74 per cent stake in Augere Wireless Broadband India. The operator had announced its decision to acquire Augere Wireless in August 2015. The same was approved by its […]
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