Anand Mahindra (Chairman and Managing Director, Mahindra Group) and Bhavish Aggarwal (Founder and CEO, Ola) have recently agreed upon a strategic alliance. The Mahindra group put forward an offer for Ola, which would help it stage a comeback into the cab business. Its immediate rival Uber, who is being preferred by the customers, has overpowered Ola. …More

Rannvijay Singh, is India’s Youth Icon has invested and backed the fashion styling app Istyleyou (ISY). The invested amount is yet to be disclosed. Not just invested but also he became the brand ambassador. He is mainly known for his well-known Roadies show, where he played as a host of the show. In social media he is one of the ‘most followed’ as he inspires millions of Indian youth by his style. …More

According to the reports the talks of deal started a few months back and the deal is finalised. The official announcement is yet to be made, says Daily. But the sources suggest that by the end of August 2016, Sony Pictures Networks India (SPN) will be ready to sell Zee Entertainment Enterprise television channel Ten Sports. … Read More

On 11 August, Dilip Buildcon Ltd a construction company of India gained on its stock market debut, with its shares of 9.5% premium to the issue price and closing 15% greater. Its shares started trading at Rs. 240 each on the BSE, up with Rs. 219 as an initial offering price. The shares traded between Rs. 239.25 and Rs. 255 during the day before closing at Rs. 251.95 in a Mumbai market that gained 0.3%. At the closing price, the company has a market value of Rs. 3,446 crore ($516 million). … Read More

Unitech Ltd, is a north India-based public-listed real estate developer. It is caught into a rough weather again. The developers had opened a fixed deposit scheme. It is reported that its investors have got the approval from National Company Law Tribunal (NCLT) to refund the invested amount along with interest and penalty from Unitech Ltd. …More

The Real Estate firm, Tata Housing is in talks with Macquarie, a private equity fund to establish a joint platform of about Rs. 2,500 crore in order to develop luxury housing project in the major cities. According to the reports, the deal is assumed to end by August 2016. …More

The GoJavas is an e-commerce Logistics Company which is facing a lots of crisis. For quite some time it is in talks to sell out its firm to a Delhi-based inter-city courier service operator. All the operations of GoJavas have been suspended on August 2. The staff have been intimated to resume the work with a new management by August 17. … Read More