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Alibaba Group Holding Ltd has initiated talks with Mukesh Ambani’s Reliance Retail Ltd to form a mega Indian retail joint venture (JV), with an investment of at leas...(read full article) Inc. is in advanced talks to acquire 42-49% in Aditya Birla Retail Ltd’s More supermarket chain, according to people aware of the talks.Amazon is joining ...(read full article)

US-based Walmart said it had completed its $16-billion acquisition of India’s largest e-commerce firm Flipkart.In a statement, Walmart said Flipkart’s existing...(read full article)

Dilip Shanghvi-promoted Sun Petrochemicals Pvt. Ltd has bid for the assets of debt-ridden Assam Co. India Ltd (ACIL), according to people aware of the development. Kolkata...(read full article)

JSW Steel Ltd has submitted a resolution plan of Rs 19,700 crore to the committee of creditors of debt-laden Bhushan Power and Steel Ltd (BPSL).Besides JSW Steel Ltd, Tata...(read full article)

Observe.AI, a voice platform for call centres, has raised $8 million in Series A funding led by Nexus Venture Partners, the company said in a statement. San Francisco base...(read full article)

Vogo, a scooter sharing start-up, has raised $6-7 million in a Series A funding round led by ANI Technologies Pvt. Ltd and Hero MotoCorp chairman Pawan Munjal.
Matrix...(read full article)

Private equity firm KKR and Co. said that it will acquire a 60% stake in environmental solution provider Ramky Enviro Engineers Ltd (REEL) for $530 million. This is the la...(read full article)

PVR Ltd said it has agreed to buy a 71.7% stake in SPI Cinemas Pvt. Ltd for Rs 633 crore—a move that will help to boost its presence in the lucrative south Indian ma...(read full article)

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