Adam Neumann has submitted a bid of more than $500 million to buy back WeWork, the office-sharing company he co-founded and propelled to a $47 billion valuation before it fell into bankruptcy, a person familiar with the matter told Reuters. It’s not clear how Neumann is planning to line up financing for… Continue reading Co-founder Adam Neumann bids over $500 million to buy back WeWork | World News
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Dalmia’s deal to buy Jaypee Cement assets lingers with arbitration | News
Dalmia Bharat (Cement)’s deal to acquire cement assets from Jaiprakash Associates continues to linger, close to 15 months from the deal announcement date. With lenders to Jaypee Group reported to be in talks with National Asset Reconstruction Company Ltd (NARCL) and a separate arbitration raging between Jaiprakash Associates and UltraTech Cement, the Dalmia-Jaypee… Continue reading Dalmia’s deal to buy Jaypee Cement assets lingers with arbitration | News
Vijay Shekhar Sharma to buy a 10.3% stake in Paytm from Antfin for $628 mn
Vijay Shekhar Sharma, founder and chief executive officer (CEO) of Paytm’s parent One97 Communications, has agreed to purchase a 10.3 per cent stake in the fintech firm from Antfin (Netherlands) Holding BV, the company said in a filing on Monday. The purchase will be made off-market via Sharma’s 100 per cent owned Netherlands-based entity… Continue reading Vijay Shekhar Sharma to buy a 10.3% stake in Paytm from Antfin for $628 mn
Top Smartphone brands to buy in sale
Flipkart Big Saving Days Sale is now live on the website of the e-commerce giant. The sale begins today, August 4, and will continue till August 9. Although the Flipkart Plus users will have early access and they have already started buying products at discounted prices. The sale will begin today, August 4,… Continue reading Top Smartphone brands to buy in sale
5 stocks that you can buy now for the long-term
The domestic market has been on a downward spiral since the last 10 sessions, with the BSE Sensex missing 68,000 and Nifty 50 skipping 20,000-mark. Both the indices have broken short-term support of the 21-simple moving average (SMA), reflecting mild selling pressure. However, a few selective stocks still continue to display spirited trend,… Continue reading 5 stocks that you can buy now for the long-term
Why students must buy travel insurance
Premium Students must buy insurance for travel before they head out for foreign campuses. (Photo: Shutterstock.) Many students are gearing up to embark on a life-changing journey abroad for higher studies. Before they leave India, they should arm themselves with a comprehensive student travel insurance plan. Contrary to what its name suggests, a student… Continue reading Why students must buy travel insurance
Ambuja Cements to buy 56.7% stake in Sanghi at a valuation of Rs 5,000 cr
Ambuja Cements on Thursday announced that it would acquire Sanghi Industries Ltd (SIL) at an enterprise valuation of Rs 5,000 crore. The Adani Group company will acquire a 56.74 per cent stake in SIL from its existing promoter group, Ravi Sanghi & family. The acquisition will be fully funded through internal accruals. According… Continue reading Ambuja Cements to buy 56.7% stake in Sanghi at a valuation of Rs 5,000 cr
Two entities buy footwear co Campus Activewear shares worth Rs 124 crore
Societe Generale and ICICI Prudential Life Insurance Company on Wednesday bought shares of athleisure footwear company Campus Activewear for Rs 124 crore through open market transactions. According to the bulk deal data available with the NSE and BSE, ICICI Prudential Life Insurance acquired 25 lakh shares and Societe Generale bought more than 17.14… Continue reading Two entities buy footwear co Campus Activewear shares worth Rs 124 crore
Adani group-company Ambuja Cement to buy Sanghi Cement for Rs 6,000 cr
The Adani group will invest Rs 4,500 crore in acquiring the promoters’ stake and take over the company’s debt of around 1,500 crore, a banking source said. An announcement is expected any time. Sanghi Cement has a capacity of 6.1 mtpa and will help the Adani companies, Ambuja and it’s subsidiary ACC, to reach… Continue reading Adani group-company Ambuja Cement to buy Sanghi Cement for Rs 6,000 cr
UBS ‘double upgrades’ Gail India to buy; sees 25% upside in the stock
GAIL Q4FY23 net profit drops 77.5%, revenue from operations up 21.8% Stocks to Watch today, May 23: PolicyBazaar, BPCL, Vedanta, NMDC, JSW Steel Stocks to Watch today, May 18: HDFC Bk, Vedant Fashions, MM Forgings, NDTV Stocks to Watch Today: L&T. DRL, Adani Group, Asian Paints, Hero Moto Stocks to watch: L&T, GAIL, ONGC, Fortis… Continue reading UBS ‘double upgrades’ Gail India to buy; sees 25% upside in the stock