Category: Business
The merger of Moore Stephens International Ltd., a global accountancy and advisory network, and Binder Dijker Otte (BDO), a renowned Belgian accounting company, would reportedly be creating a major competitor for big auditors. Reports cite, this turn of events does not bode well for the …
The Walt Disney Company (Disney), the renowned American mass media and entertainment conglomerate, has reportedly announced that it has received the unconditional approval of Chinese regulators for its deal to purchase the entertainment assets that belong to Twenty-First Century Fox (Fox). Reports cite, Disney has …
GAIL and Gujarat Energy Transmission Corporation (Getco) have joined a group of operational creditors looking to have ArcelorMittal’s INR 42,000 crore resolution plan for Essar Steel rejected unless their claims are added to the proposal. As per trusted sources, the two state-owned companies have submitted …
Ebix Inc., a Nasdaq-listed leading supplier of on-demand software solutions & e-commerce services, is reportedly close to finalizing a deal to acquire India’s largest foreign exchange and domestic remittance company, Weizmann Forex. Ebix is globally renowned for supplying insurance, e-governance, financial and healthcare industries with on-demand e-commerce software …
Paytm has recently set up a wholesale arm for its ecommerce business, competing with market leaders Amazon and Flipkart who have progressively leveraged their wholesale ventures in recent years. Regulatory filings confirmed that Paytm Wholesale Commerce was incorporated with Rs 20 crore share capital and …
Marking quite a radical departure from its primary car-pooling business, BlaBlaCar, the world’s renowned long-distance ridesharing community, has recently announced a surprise offer of acquiring Ouibus, a French intercity bus service provider. Reportedly, the negotiators are still working on the deal, and nothing has been …
Japan’s SoftBank Group’s mobile unit has recently cleared a 2.4 trillion yen IPO (initial public offering) and has received a green signal from the Tokyo Stock Exchange. Reportedly, the IPO is said to be one of the biggest ever and will be feeding the company …
Reports indicate that Jakarta based ride-hailing giant Go-Jek has announced a tie-up with DBS as it is getting closer to its launch in Singapore. Meanwhile, its rival Grab has apparently signed an agreement with United Overseas Bank (UOB), a competitor of DBS, to be its …
