Stake

Air India disinvestment: Beyond excitement, lies the uphill task of accessing assets, keeping it lucrative for buyers

Beyond the in-principle approval, what the government of India needs the most is to conduct a hard-nosed assessment of Air India’s assets versus liabilities, and a workable proposal which makes the airline attractive to any prospective buyer

Hindustan Petroleum Corporation joins talks to buy stake in Russian oil fields

Rosneft, Russia's national oil company that owns the fields, wants to retain a majority stake and is keen to sell only up to 49 percent stake.

FreeCharge dismisses reports on talks with PayPal for stake sale

Dismissing reports that global payments platform PayPal is set to buy a 25 percent stake in homegrown e-wallet FreeCharge, a company spokesperson has denied any such development.

Global Switch in talks with Asian consortium to sell stake in the business

Data centre operator Global Switch, owned by Britain's billionaire Reuben brothers, said on Sunday its parent company was in talks with a consortium of Asian investors about a potential sale of a stake in the business.

Singtel to buy more stake worth $650 million in Bharti Airtel

Singapore Telecommunications (Singtel) on Thursday said it is acquiring 7.39 per cent additional stake in the holding arm of India's largest telecom company Bharti Airtel for around $650 million.

Walmart to offer free shipping for 30 days, keeping Amazon in mind

Walmart Stores Inc on Wednesday launched a free 30-day trial of ShippingPass, its two-day shipping programme for shoppers in the United States, as the world's largest retailer looks to take on Amazon.com Inc's Prime subscription service.

According to a report Chinese Alipay could take stake in German Wirecard

Wirecard AG is negotiating with representatives of Alipay, a unit of Chinese e-commerce giant Alibaba, about it taking a stake of up to 25 percent in the German banking software company, a newspaper reported on Sunday.

Heineken eyes control of Vijay Mallya's United Breweries

Heineken is likely to ask Vijay Mallya, who owes creditor banks more than $1 billion, to step down from the board of United Breweries, India's largest brewer, three people with direct knowledge of the plan told Reuters.

China's e-commerce giant Alibaba may buy stake in Flipkart: Report

China's Alibaba Group is looking to increase its footprint in India and is possibly exploring buying a stake in India's largest Internet firm Flipkart Ltd, sources have revealed in a report

Rupert Murdoch's News Corp denies rumors of Twitter bid

Rupert Murdoch's News Corp said rumors about the company's interest in buying microblogging site Twitter Inc or building a stake in it were untrue.