Carlyle to buy 30% of Quest Global for $500 mn Carlyle and Quest will together buy back all shares from the company’s existing investors, Bain Capital LP, Advent International LP, and GIC Re and extinguish them
Maruti to buy Suzuki plant in Gujarat with shares, not cash Issue of new shares for car plant will lead to equity dilution of around 4% for Maruti Suzuki
Zee Learn reaches deal with JC Flowers ARC Zee Learn is among Essel Group companies with a total exposure of ₹6,500 crore with JC Flowers ARC, which Subhash Chandra has been trying to settle
Jet Airways asked to pay ₹350 crore to creditors by 31 Aug The Directorate General of Civil Aviation (DGCA) extended air operator certificate of the airline until 3 September, even as it undergoes corporate insolvency resolution process (CIRP).
Credit Suisse to cut 80% of Hong Kong investment bank jobs: Report Nearly 80% of investment banking staff of Credit Suisse in Hong Kong is likely to be laid off this week, as part of the bank's integration with UBS Group, Reuters reported
Ant transfers 10.3% in Paytm to Sharma Paytm said Resilient Asset Management BV, an overseas entity owned by Sharma, will acquire the ownership and voting rights of 10.3% of the stake in the company held by Antfin (Netherlands), a unit of Ant Group
Chandra to settle debt, reclaim Dish Subhash Chandra’s Essel Group reached an understanding to repay the settlement amount in a phased manner by 31 March and is close to signing a definitive agreement
Reliance Jio, Retail record 65% jump in attrition in FY23 Over 167,000 employees left the company during the year, although overall fresh hiring increased
Meesho posts maiden profit in July, weighs IPO in 12-18 months The startup expects to close the current financial year with 40% growth in revenue run rate
ICAI to flag concerns about Byju’s financials Separately, a disciplinary committee of ICAI is expected to issue notice to Deloitte Haskins & Sells’ audit partner, who signed off on these financial statements for allegedly not having done enough regarding alleged weaknesses in the accounts
Promoters raise $500 mn via Adani Green stake sale to QIA This is one of the several recent stake sales by billionaire Gautam Adani aimed at cutting promoter-level debt and releasing stock pledges
Q1 results today: Adani Ports, Coal India to Utkarsh SFB — 87 companies to declare Q1 results 2023 Q1 results 2023: 87 listed companies are going to declare their respective Q1 results today and those companies include Aarti Industries, Happiest Minds Technologies, Brigade Enterprises, Mishra...
Coal India Q1 Earnings Highlights: Net profit declines 10% to ₹7,941 crore, revenue up 2% YoY Coal India Q1 Results: The largest coal producer's revenue from operations in the first quarter of current fiscal stood at ₹35,983.2 crore, reporting a rise of 2 per cent, compared to ₹35,092.17...
Maruti Suzuki to issue preferential shares to parent firm Suzuki Motor for Gujarat plant acquisition Maruti Suzuki to issue preferential shares to parent firm Suzuki Motor for Suzuki Motor Gujarat acquisition
Pepperfry co-founder Ambareesh Murty dies of cardiac arrest; who was he Ambareesh Murty, co-founder of Pepperfry, died of a cardiac arrest in Leh. He was 51 years old.