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 […]
Zepto Ltd. is preparing to file for an initial public offering of about $500 million in Mumbai as early as next week, according to people familiar with the matter, as competition hots up in India’s quick-commerce market. Zepto delivery partners waiting for delivery orders. The plans for a Zepto IPO follow a $450-million funding round […]
Maharashtra Deputy Chief Minister Eknath Shinde has announced a new regulatory framework to redevelop Mumbai’s ‘Pagdi’ buildings, describing it as a “historic decision” aimed at eventually eliminating such properties from the city. Speaking in the legislative assembly, Shinde said the move will expedite redevelopment of old structures, prevent collapses, and reduce loss of life and […]
WASHINGTON—The Trump administration plans to let Nvidia export its H200 chip to China, the latest twist in the artificial-intelligence chip designer’s efforts to maintain access to the world’s second-largest economy, according to people familiar with the matter. Nvidia Chief Executive Jensen Huang The details The Commerce Department plans to approve licenses to China letting Nvidia […]
The Greater Bengaluru Authority (GBA), the apex body overseeing coordination and supervision of city corporations, has issued over 8 lakh e-Khatas across Bengaluru and is now preparing to launch passport-style service centres to accelerate approvals and enhance citizen experience, the authority said in a statement. The Greater Bengaluru Authority (GBA) has issued over 8 lakh […]
Gurugram-based Smartworld Developers has announced its foray into Noida with the acquisition of a roughly 6-acre land parcel in Sector 98, where it plans to launch a mixed-use development comprising branded residences, high-street retail and serviced homes. The land, located along the Noida Expressway, was secured through an auction for ₹414 crore, and the project’s […]
The Adani Group plans to invest $15 billion to boost passenger capacity at its airports to 200 million annually in the next five years, helping power India’s aviation boom as it prepares to list its airport unit. The Adani Group HQ in Ahmedabad. The Adani Airports expansion plan excludes 20 million at Navi Mumbai and […]
The Delhi Transport Corporation’s (DTC) plan to redevelop its residential colonies in Shadipur and Hari Nagar into high-rise gated housing societies has been plunged into uncertainty, as the board decided to re-examine the financial feasibility of the projects, officials aware of the matter said. The projects are in Hari Nagar and Shadipur. (Representative photo) Both […]
Mt. K Kapital, a real estate investment management firm backed by Mumbai-based real estate developer Rustomjee Group, on November 27 said that it has raised a second fund of ₹4,000 crore. The fund is backed by strong General Partners (GPs) and Limited Partners (LPs), reflecting confidence in Mt. K Kapital’s team as well as performance […]
SBI Ventures, an alternative asset manager promoted by State Bank of India, intends to raise ₹2,000 crore for its third climate-focused fund to invest in startups. SBI Ventures is an alternative asset manager promoted by the State Bank of India. (Bloomberg) It will help unlock green growth, a new financial opportunity, SBI Ventures CEO Prem […]
