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Bain Capital and Carlyle Group bids for Adani capital-thumnail

Bain Capital and Carlyle Group bids for Adani capital

Sources indicate that Bain Capital and Carlyle Group Inc., both reputed firms, find themselves among potential acquirers eyeing a controlling interest in Gautam Adani’s shadow bank, commonly referred to as Adani Capital. Motivated by a desire to minimize liabilities while increasing focus on existing enterprises, this vital move has been triggered after scrapping their initial public offering plans following detrimental allegations made by short sellers resulting in considerable erosion of market value.

Business

Jul 11, 2023

Wadia Group is in talks with investors to form a joint bid for Go First-thumnail

Wadia Group is in talks with investors to form a joint bid for Go First

Amidst ongoing challenges faced by Go First Airlines in resuming their operations, there is a focused effort by the Wadia Group towards finding suitable partners who can assist them in reclaiming ownership. These partnerships may come through joint bids involving financial investors who are presently engaging in discussions with the group after assessing Go First’s airworthiness status thoroughly. Furthermore, it should be acknowledged that former promoters Nusli Wadia and his family retain eligibility for participation in any forthcoming bidding processes related to this venture. Importantly, one must remember that engine issues were the primary reason behind Go First filing for bankruptcy.

Business

Jul 11, 2023

Tata Group becomes the first Indian iPhone manufacturing company; deal signup in August-thumnail

Tata Group becomes the first Indian iPhone manufacturing company; deal signup in August

The continuous progress made by Tata Group seems poised for further consolidation with reports suggesting their imminent acquisition of a factory presently administered by Wistron Corp., an esteemed Apple supplier. Pertinently this factory represents a critical component in the intricate assembly procedures associated with iPhones and boasts an impressive valuation exceeding $600 million. Should this arrangement reach fruition Tata would secure their entry into the competitive realm of iPhone production thereby contributing significantly to India’s manufacturing sector. Furthermore. It would serve as a commendable feat for Apple. Allowing them to effectively diversify their supply chain in order to alleviate dependence on China.

Business

Jul 11, 2023

CarTrade tech shares gain 14% after Sobex Auto’s 100% acquisition from OLX-thumnail

CarTrade tech shares gain 14% after Sobex Auto’s 100% acquisition from OLX

CarTrade Tech Ltd. witnessed a commendable increase in its stock price when it successfully acquired Sobek Auto India Pvt. Ltd., a prominent automotive digital platform from OLX India.

Automotive

Jul 11, 2023

The Impact of Customer Reviews and Testimonials: Why Your Business Can’t Afford to Ignore Them-thumnail

The Impact of Customer Reviews and Testimonials: Why Your Business Can’t Afford to Ignore Them

Nothing is more beneficial to marketers than satisfied consumers. When a consumer is so satisfied with their purchase and willing to share why their decision to buy from your business

Business

Jul 11, 2023

AHH would invest Rs 10 crore in technologically advanced NICUs-thumnail

AHH would invest Rs 10 crore in technologically advanced NICUs

Asia Healthcare Holdings or AHH is increasing its investments in its technologically advanced remote ICU solution for neonatal care.

Business

Jul 11, 2023

Meet Indian-origin women on the ‘America’s Richest Self-Made Women’ List, including Jayshree Ullal, Neerja Sethi, Neha Narkhede, and Indra Nooyi-thumnail

Meet Indian-origin women on the ‘America’s Richest Self-Made Women’ List, including Jayshree Ullal, Neerja Sethi, Neha Narkhede, and Indra Nooyi

With a total net worth of $4.06 billion, four Indian-origin women reached the Forbes list of America’s 100 richest self-made women. With a total net worth of $4.06 billion, four

Business

Jul 11, 2023

Netweb Technologies IPO to open up for public subscription on 17th July-thumnail

Netweb Technologies IPO to open up for public subscription on 17th July

Netweb Technologies India Ltd, a renowned provider of computing solutions is scheduled to launch its IPO on July 17. The IPO comprises a fresh issue along with an offer for sale by its existing promoters. Netweb has established itself as a reliable source for a diverse range of computing solutions and has consistently exhibited impressive financial performance. Additionally. Their eligibility for government schemes in India further strengthens their position in the market.

Business

Jul 11, 2023

Meet Sagar and Binod, St. Xavier’s alumni and the minds of Wow Momo: Here’s how they grew their business from Rs 30000 to a multi-billion-dollar enterprise-thumnail

Meet Sagar and Binod, St. Xavier’s alumni and the minds of Wow Momo: Here’s how they grew their business from Rs 30000 to a multi-billion-dollar enterprise

Today, we’ll tell you about the people who contributed to Wow!’s success. Momos- the momo wallas who entirely destroyed the momo-selling market-Sagar and Binod’s entrepreneurial adventure serves as an inspiration to dream big and turn passions into reality.

Business

Jul 10, 2023

South Korean Regulator Requests $4 Billion Financing to Support Troubled Credit Cooperative-thumnail

South Korean Regulator Requests $4 Billion Financing to Support Troubled Credit Cooperative

South Korea’s financial services regulator has reportedly asked major commercial banks to prepare approximately $4 billion in financing to provide support to MG Community Credit Cooperatives (MGCCC), which has been

Business

Jul 10, 2023

Thames Water Secures £750 Million Investment but Warns of Future Equity Needs-thumnail

Thames Water Secures £750 Million Investment but Warns of Future Equity Needs

Thames Water, the largest water company in Britain, announced on Monday that its investors had agreed to inject £750 million ($960 million) into the troubled business

Business

Jul 10, 2023

The French luxury group Kering acquired Creed for €3.5 billion-thumnail

The French luxury group Kering acquired Creed for €3.5 billion

As the owner of Gucci begins a strategically significant push into the cutthroat high-end beauty market, French luxury giant Kering spent €3.5 billion to purchase the fragrance company Creed. Four

Business

Jul 10, 2023


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