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Walmart increases stake in Flipkart, pays $3.5 billion to acquire further shares

During the same period, the company received $700 million related to new rounds of equity funding for the company's majority-owned PhonePe subsidiary New Delhi: US retail giant Walmart has increased its stake in Indian e-commerce subsidiary Flipkart as it paid...

Softbank sells 1.16% stake in Zomato for Rs 947 crore

Softbank through its affiliate SVF Growth (Singapore) Pte offloaded the shares of Zomato on the National Stock Exchange New Delhi: Japanese conglomerate Softbank on Wednesday divested a 1.16 per cent stake in online food ordering company Zomato for Rs 947...

Competition Comm approves ADIA’s stake buy in Lenskart under green channel route

Under the green channel route, wherein a transaction, which does not raise any risk of an appreciable adverse effect on competition, is deemed to be approved on being intimated to the competition watchdog New Delhi: Fair-trade regulator Competition Commission of...

Alibaba sells nearly half of its direct stake in Paytm at Rs 535.9 per share

Chinese group Alibaba sold 2,59,930 shares of Paytm at Rs 535.90 worth Rs 13.93 crore New Delhi: Chinese conglomerate Alibaba is learnt to have sold a 3.1 per cent stake - nearly half of its direct shareholding -...

Hindustan Unilever completes purchase of 51 pc stake in Zywie Ventures

After the acquisition of a 51 percent stake for a consideration of Rs 264.28 crore, Zywie Ventures has become a subsidiary of HUL New Delhi: FMCG major Hindustan Unilever Ltd on Wednesday said it has completed the acquisition of a...

Reliance to acquire 50% stake in Sosyo Hajoori Beverages

Reliance Consumer Products Ltd (RCPL) will acquire a 50 per cent stake in Gujarat-based carbonated soft drinks (CSD) and juices maker Sosyo Hajoori Beverages Pvt Ltd (SHBPL) New Delhi: Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance...

HUL to acquire majority stake in OZiva and 19.8 pc in Wellbeing Nutrition; to invest Rs 335 crore

Hindustan Unilever Limited invested in OZiva and Wellbeing Nutrition to foray into the health and wellbeing segment  New Delhi: Leading FMCG maker HUL on Thursday announced the acquisition of a majority stake in OZiva and a 19.8 per cent equity in...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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