PayU calls off $4.7 bn acquisition of BillDesk

Prosus NV, which owns PayU, has terminated a $4.7 billion (about Rs 38,400 crore) deal to acquire Indian payments firm BillDesk, saying certain conditions precedent were not met. IMAGE: Anirban......

This deal will see the single-biggest outflow of foreign capital from India

The much-talked-about sale of Ambuja Cement and ACC by Holcim Group will see the single-biggest outflow of foreign capital from the country if the two cement firms are acquired by Indian investors.......

4 IPOs to watch out for in 2022

Once stability returns to the secondary market, companies that have obtained approval from  Sebi will start tapping the market. Sundar Sethuraman & Samie Modak report. Illustration: Dominic......

Why the Zomato stock is getting hammered on markets

Given that there has been no negative news flow around Zomato, analysts believe it’s time to lap up the shares at lower levels. Illustration: Uttam Ghosh/Rediff.com The shares of food......