Advent buys Eureka Forbes for ₹4,400 crore
Medilytix.in: Advent International, one of the largest global private equity investors, has signed a definitive agreement with Shapoorji Pallonji Group to acquire a majority stake in Eureka Forbes Ltd. (EFL),…
Piramal enters affordable housing with ₹34,250 cr DHFL buy
medilytix.in In the first successful resolution under the IBC route in the financial services sector, Ajay Piramal’s Piramal Enterprises has acquired Dewan Housing Finance (DHFL) for ₹34,250 crore. The acquisition…
Paytm IPO: Foreign investors valuing co at $20-22 bn
Medilytix.in Digital payments firm Paytm is seeing strong demand for its initial public offering (IPO) from sovereign wealth funds and foreign institutional investors who are valuing the Noida-headquartered company at…
NITI Aayog, Byju’s team up to provide learning resources in underdeveloped districts
Bureau: NITI Aayog CEO Amitabh Kant has announced the edtech behemoth Byju’s has teamed up with the government think tank for its Aspirational Districts Programme. As part of the initiative,…
D-Mart’s revenue jumps 46.6% to Rs 7,649.64 cr in Jul-Sept quarter
Bureau: Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, has reported a 46.6 per cent increase in its standalone revenue from operations at Rs 7,649.64 crore for the…
Countries need not wait for widespread vaccination for reopening schools, says World Bank
Bureau: Evidence suggests that young children are less likely to contract COVID-19 and given the “safe” school reopening experiences in various countries prior to vaccine development, education systems do not…
Tata AIA Life Insurance, Practo join hands for online medical consultation
Bureau: Tata AIA Life Insurance on Wednesday said it has tied up with integrated healthcare company Practo for online medical consultation for its customers. Tata AIA Life Insurance has extended…
Online doctor consultation market to grow 72% to $836 million by March 2024: Study
Bureau: Covid-19 has led to record growth in online doctor consultations in the past one year in India. India’s tele-consultation market size was about $26 million in March last year,…
Ola Electric sells S1 scooters worth over ₹600 crore in just one day
Ola Electric has announced that the company has sold Ola S1 scooters worth more than ₹600 crore. The electric scooter company opened the sale on Wednesday for those who reserved…
Byju’s buys US-based coding platform Tynker, its 9th acquisition this year
Byju’s, India’s most valued internet startup on September 16 said it will acquire Tynker, a US-based coding platform for kids. This is the latest in a series of acquisitions by…