SAGPL, a subsidiary of Security and Intelligence Services (SIS), has entered into a definitive agreement to initially acquire 51 per cent stake in Platform 4 Group Limited (P4G). 

Andhra Bank intends to sell its 30 per cent stake in IndiaFirst Life Insurance Company either in part or in full. By doing so, it aspires to raise Rs. 900 crore. One of the candidates who could potentially purchase the stake is the existing investor, Warburg Pincus.

The promoters of Emami Ltd. have sold 10 per cent stake in the company for a sum of Rs 1,600 crore. Some of the purchasers involved in the transaction include SBI Mutual Fund, PremjiInvest, Amundi, IDFC, L&T Mutual Fund, PI Opportunities Fund and Pioneer Investment Fund.

The shares of Dewan Housing Finance Corp gained 7 per cent on Monday after private equity firms Baring Pvt. Equity, Bain Capital and Hero Fincorp contemplated the purchase of stake in the debt-laden company. After losing out on Aadhar Housing Finance, these companies are now vying for stake in DHFL.

Tata Motors-owned UK-based company, Jaguar Land Rover (JLR) is striving to raise investments worth US$ 1 billion, mere days after reporting astounding losses. It aspires to procure the same within 14 months.

The shares of Yes Bank gained 30 per cent in the early morning session on Thursday. The bank informed that no diversion was found by the RBI in its asset classification and provisioning for 2017-2018.

The penalty-laden IDBI Bank has sought further capital infusion of Rs. 10,000 crore from its new promoter, LIC. This is in addition to the Rs. 21,000 crore it received from LIC when it raised its stake in the company to 51 per cent from 8 per cent in August 2018.

Rico Auto Industries Ltd. (RAIL) and its step-down subsidiary, Rasa Autocom Ltd. (RAL) are set to acquire the equity shares in the 50:50 joint venture (JV) company named Magna Powertrain GMBH. 

For the quarter ended December 2018, Tata Motors reported staggering losses of Rs. 26,992.54 crore as its luxury car unit, Jaguar Land Rover (JLR) continued to struggle.

The interim Union Budget 2019 attempted to alleviate the unemployment crisis plaguing India to a certain extent. Ironically, a report was leaked just yesterday, allegedly revealing that the unemployment rate in India stood at a 45-year high of 6.1 per cent during 2017-18! The government refuted this by stating the study conducted in December 2018 was yet to be approved. This has created much speculation and controversy.