New Delhi, Feb 14 (PTI) RIL Group's digital entity Jio Platforms will acquire about 17 per cent stake in SoftBank-backed Inmobi's Glance platform for USD 200 million (about Rs 1,500 crore). The proposed deal values the company at USD 1.8 billion. Glance, which provides mobile lock screen content, including videos and advertisements, will use the [...]
Kolkata, Feb 14 (PTI) Coal India's second interim dividend will make the government richer by Rs 2037.8 crore as it is holding a 66.1 per cent stake in the Maharatna PSU.The company on Monday announced a dividend of Rs 5 per share of Rs 10 each and the total payout will be Rs 3087 crore.In [...]
Mumbai, Feb 14 (PTI) Tata Sons on Monday announced the appointment of former chairman of Turkish Airlines Ilker Ayci as the Chief Executive Officer and Managing Director of Air India. The Air India board met this afternoon to consider the candidature of Ilker Ayci and after due deliberations approved the appointment of Ayci as the [...]
New Delhi, Feb 14 (PTI) Business-to-business e-commerce and supply chain enablement platform Bizongo has announced the completion of its first employee stock ownership plan (ESOP) buyback programme worth USD 3.7 million. While 102 of Bizongo's former and current employees were eligible for the buyback, only 70 per cent of employees opted to liquidate ESOPs from [...]
Mumbai, Feb 14 (PTI) Online travel company Yatra Online on Monday announced its partnership with Cleartrip, owned by the Flipkart Group, to offer a wider hotel inventory to its customers. This strategic association between Yatra and Cleartrip, both leading brands in the online travel space in India, aims to provide a boost to the entire [...]
Mumbai, Feb 14 (PTI) E-bike start-up EMotorad on Monday said it has acquired EV battery subscription platform Panine, which will help it strengthen its footprint in the electric vehicle (EV) charging segment, for an undisclosed amount. The acquisition allows EMotorad to offer Panine an international platform and reach for its battery technology, it said in [...]
New Delhi, Feb 14 (PTI) Jet Airways, which is working to restart operations that were grounded nearly three years ago, will receive Rs 50 crore as inter-corporate deposit from a company owned by Jalan group for certain expenses. Murari Lal Jalan and Florian Fritsch consortium's resolution plan for the grounded carrier was approved by the [...]
Indian conglomerate Vedanta on Monday said it has signed a pact with electronics manufacturing services giant Foxconn to form a joint venture (JV) for manufacturing semiconductors in India. Vedanta is the first company to make the announcement to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore programme to boost electronic chip and [...]
New Delhi, Feb 14 (PTI) Global data analytics and engineering firm TheMathCompany has rolled out an ESOP buyback programme, valued at Rs 93.2 crore, to reward its employees for their commitment, long-term association, and contribution to the company.The co-founders will continue to hold the majority stake in the company as the organisation continues to grow, [...]
New Delhi, Feb 14 (PTI) Realty firm Kohinoor group has acquired a 32-acre land parcel in Pune from Goel Ganga group for about Rs 200 crore, to develop a mixed use project. Property consultant Anarock said it facilitated the deal between the two parties. The deal for 32 acres of prime land at Wagholi has [...]
