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Tata, Reliance, Adani! Big corporates in an aggressive acquisition spree Tata Sons has agreed to acquire control of India s largest online grocer BigBasket; Reliance Industries recently acquired additional equity stake in the US-based technology company skyTran Inc Nevin John | March 15, 2021 | Updated 21:37 IST Indian conglomerates are in a race to acquire assets for building comprehensive business ecosystem around each business that they are in. Tata Group, Reliance Industries (RIL), Aditya Birla, Adani, JSW and Vedanta are among those acquiring smaller companies, including start-ups, to fill gaps in their portfolios. Tata Sons has agreed to acquire control of India s largest online grocer BigBasket, in a deal valued at more than $1 billion. Tata Digital, the newly floated subsidiary which is building Super App, looks to strengthen its e-tail portfolio through the acquisition. The salt-to-aviation conglomerate is also in talks with Just Dial, the 24-year old lo ....
Read more about Just Dial shares surge 10% on advertisement agreement for IPL on Business Standard. The company has signed an advertising agreement with broadcaster Star for advertising as Co-Presenting Sponsor in Indian Premier League, to be held in April-May 2021 ....
Read more about Just Dial launches exclusive B2B platform on Business Standard. Just Dial after market hours yesterday, 24 February 2021, said that it has launched its B2B portal, Jd Mart, across various platforms for users. ....
Shares of Axis Bank will be in focus. Max Life has received the formal approval from the Insurance Regulatory and Development Authority of India (IRDAI), which vide its letter dated 24th February 2021 has granted approval to the Axis Entities, as promoters of Max Life, to collectively acquire 12.002% of the equity share capital of Max Life, by way of transfer of equity shares of Max Life from Max Financial to the Axis Entities. Shares of Nureca will debut on bourses today, 25 February 2021. The final issue price was fixed at Rs 400 per share. Just Dial has launched its B2B portal, Jd Mart, across various platforms for users. Jd Mart is an exclusive B2B portal for a new wholesale experience. B2B buyers can discover quality vendors offering a wide selection of products to choose from, spread across various categories to suit all their B2B needs. ....