Mumbai real estate: Railway authority receives the highest bid of ₹2,251 crore for 2.6 acres of land in Mahalaxmi

A prime 2.5-acre land parcel in South Mumbai’s Mahalaxmi locality has drawn a record-breaking bid of ₹2,251 crore for a 99-year-long lease by the Railway Land Development Authority (RLDA). According to real estate experts, this was the highest price ever offered for a 2.6-acre plot in the Mumbai real estate market, which can be considered […]

Netflix refinances part of $59 billion loan for Warner Bros. bid| Business News

Netflix Inc. has refinanced part of a $59 billion bridge loan to support its potential acquisition of Warner Bros. Discovery Inc. While Netflix has the support of Warner Bros.’ board, it faces regulatory and political hurdles to get the acquisition over the line. (Reuters) The streaming giant secured a $5 billion revolving credit facility and […]

Warner Bros plans to reject Paramount bid for Netflix’s smaller offer| Business News

Warner Bros. Discovery Inc. is planning to reject Paramount Skydance Corp.’s hostile takeover bid due to concerns about financing and other terms, people familiar with the matter said. One major sticking point is Warner Bros.’ concern about financing proposed by Paramount, which is led by billionaire Larry Ellison’s son David Ellison. (Bloomberg) After deliberating and […]

Warner Bros fight heats up with Paramount’s $108 billion hostile bid| Business News

Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant. Entertainment giant Paramount, now renamed Paramount Skydance, is attempting a hostile takeover bid for Warner Bros. Discovery worth $108.4 […]

GIFT City on fast track after bid for 2030 CWG

Ahmedabad’s successful bid for the 2030 Commonwealth Games last week has renewed attention on GIFT (Gujarat International Finance Tec) City, a central business district in Gujarat’s Gandhinagar district. The idea to build an international financial centre on a greenfield site was conceived in 2007 by then Gujarat chief minister Narendra Modi. (Special arrangement) The idea […]

JP Power shares surge 17% as Adani’s bid for Jaypee Group gets lenders’ approval| Business News

Shares of Jaiprakash Power Ventures surged on Wednesday amid reports that Adani Enterprises Ltd. has been chosen to acquire Jaiprakash Associates Ltd. under the insolvency process. Jaiprakash Power Ventures is part of the Jaypee Group led by Manoj Gaur. (HT) JP Power’s share price rose as much as 17.29% to ₹20.69 on the BSE even […]

Manipal Group once again submits bid to acquire Byju’s under insolvency process| Business News

Dr Ranjan Pai–led Manipal Group has formally submitted an Expression of Interest (EOI) to participate in the Corporate Insolvency Resolution Process of Think & Learn Pvt Ltd, the parent company of Byju’s. Signage at a Byju’s Tuition Centre, operated by Think & Learn Pvt., Ltd., in Mumbai. (Bloomberg) According to documents filed with the Resolution […]