In a twist, Sheela Foam Ltd has decided to acquire its competitor, Kurlon Enterprise Ltd in a transaction, at a reduced price of Rs 2,150 crore. This strategic move is aimed at enhancing Sheela Foam’s’ market presence and capitalizing on cost advantages, synergies, and improved access, to materials.

In order to promote cross-border financial transfers, India and Indonesia intend to settle bilateral transactions s in local currencies and connect their quick payment systems, according to a top Indian government official.

Since the beginning of 2023, the category of TVs has grown by 13%. The purchasing power of Indians has increased in terms of the electronic category, especially in the section of Big Screen-TVs.

Credo Brands Marketing Ltd, renowned for its highly sought-after Mufti jeans brand has recently lodged preliminary documents for an initial public offering (IPO) in India. This proposed IPO entails a complete offer for sale by current shareholders and promoters. Noteworthy is the fact that the company commands a substantial market share in the men’s casual wear sector and boasts an extensive network of 1,773 touchpoints nationwide.

In an unexpected twist. A US federal court has declined the FTC’s request to halt Microsofts $69 billion acquisition of Activision Blizzard. This court ruling follows a previous favorable ruling

Prime Minister Narendra Modi has declared the Unified Payments System (UPI) which has achieved great success in India and will now be launched in France. This groundbreaking step aims to provide Indian tourists with the opportunity to make payments in rupees without the hassle of forex cards or cash. UPIs ongoing progress is evident through its recent agreements with Singapore and France. And there are further plans to extend its services to the United States, Europe, and West Asia.

In Q2 2023, institutional investments in the office sector reached $1.8 billion, the highest level over the previous 10 quarters, indicating continued investor confidence in the sector’s prospects for development and return.

Following a secondary share offering, digital lending platform Yubi, which is about to separate from parent company Vivriti Capital, was valued at $1.5 billion, according to two insiders who spoke to ETtech.

Hitachi Astemo Ltd. reported that Isuzu Engines Restricted embraced its detecting framework in its new Mythical being model. Utilising a wide-point sound system camera, the detecting framework empowers crash harm relief slowing down at convergences and on single-track streets.

HCL Tech surprises the industry by acquiring ASAP Group, a renowned German automotive engineering services provider for a staggering €251 million. This unexpected collaboration seeks to expand ASAPs cutting-edge automotive technologies on a global scale reinforcing HCLTechs dedication to Germany. With great enthusiasm, both companies eagerly look forward to offering top-notch solutions to the worldwide automotive sector.

WhatsApp has introduced a new feature called ‘phone number privacy’ for Android and iOS users, which allows customers to hide their phone numbers in community groups. The feature is now available to beta users and will be made available to a larger audience soon.

According to insiders, Carlyle Group Inc. and Trustar Capital are attempting to generate $4 billion by selling a portion of McDonald’s Corp.’s operations in Hong Kong and mainland China.