News in Brief

In the year’s largest commercial real estate deal so far, US-based private equity firm Blackstone Group Lp has acquired a marquee office building in Mumbai’s Bandra Kurla Complex (BKC) for [...]

Food delivery unicorn Swiggy is in talks to raise money from US-based private equity fund Carlyle Group. If Carlyle does invest, it would mark only its second Indian technology start-up [...]

Xiaomi’s component supplier Holitech Technology said it has set up its first component manufacturing plant in Greater Noida and would invest around $200 million over three years in India. Holitech, [...]

IT services company Hexaware Technologies Ltd has acquired US-based digital services firm Mobiquity for $182 million in an all-cash deal, the company said in an exchange filing. With a presence [...]

E-commerce major Amazon is in talks to invest in Bengaluru-based farm produce supply chain platform Ninjacart, which directly connects farmers and businesses. Amazon’s vertical which deals with retail of farm [...]

Tech Mahindra Ltd, the software services arm of the diversified Mahindra Group, is acquiring Canada-headquartered IT consultancy Objectwise Consulting Group Inc for CAD 2.75 million (around $2.05 million or Rs [...]

Mahindra & Mahindra Ltd has agreed to invest 4.3 million Swiss francs ($4.3 million or Rs 30 crore) in Switzerland-based agricultural-technology company Gamaya SA. The company said in a stock-exchange [...]

Tech giant Microsoft said it will launch AI digital labs in the country in collaboration with 10 higher educational institutions, including BITS Pilani and ISB. As part of the three-year [...]

Japanese media company Nikkei Inc, which owns The Financial Times Ltd, has bought a 25.99 per cent stake in Indian financial news firm NewsRise Financial Research and Information Services. The [...]

Global investment firm Blackstone has bought a majority stake in Aadhar Housing that caters to the housing financing needs of low-income households. Blackstone has bought 97.7 per cent stake in [...]