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Vodafone raises stake to 47.61% in Vodafone Idea through subsidiary Prime Metals

British telecom major Vodafone has raised its stake in debt-ridden Vodafone Idea Limited to 47.61 p…

PTI   


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MicroStrategy’s subsidiary takes on a $205 million loan to buy more Bitcoin

The three-year loan is backed by the $820 million worth of Bitcoin that MacroStrategy already has i…

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4 mins read

Investors cheer mega merger of seven metal subsidiaries with Tata Steel even as Sensex tumbles over 1,000 points

Tata Steel today announced the merger of its seven metal subsidiaries with itself. The company’s in…

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OYO says an angry creditor has dragged the $9 billion startup to court over a ₹16 lakh dispute

However, OYO said that it has challenged the NCLT order against its subsidiary. In a statement…

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Zomato is shutting down its Singapore and UK-based subsidiaries

Food delivery firm Zomato has decided to shut down its Singapore and United Kingdom (UK)-based subs…

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Adani Enterprises incorporates Vizag Tech Park and Koddad Khammam Road as wholly-owned subsidiaries

Vizag Tech Park is yet to commence its business operations, it said. In another filing, th…

PTI   


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Air India says Alliance Air is no longer its subsidiary – here’s what it means for flyers

What this means for passengers flying on tickets carrying flight numbers starting with certain c…

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DotDotSmile, a children's clothing subsidiary of MLM giant LulaRoe, has filed for bankruptcy, citing more than $5 million in unpaid debts

DotDotSmile, which was often sold alongside LulaRoe products, announced earlier this year that it w…

Julie Gerstein   


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Elon Musk-owned Starlink forms subsidiary in India, will soon apply for licenses

The company's affordable satellite broadband services are being targeted in India in 2022, altho…

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IPO-bound Paytm transfers its payments business to new subsidiary

The company is seeking approval of the same from its shareholders through an extraordinary gener…

PTI   


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MyPillow targets wider consumer base as it opens UK subsidiary

"MyPillow has taken American by storm and now it's available here in the UK for the first time," th…

Zahra Tayeb   


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Airtel receives approval for 100% FDI in subsidiaries

In a regulatory filing, the company said that it is initiating the process to revise its foreign…

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M&M’s planned price hikes eclipse debt default by Ssangyong

The price hike will be effective from January 1, and across a range of its passenger and commerc…

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ONGC set to merge refining subsidiary MRPL with HPCL by June 2021

Sources said that the process of merging ONGC's two oil refining subsidiaries, HPCL and MRPL, wi…

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NSE subsidiary invests in data analytics startup Capital Quants

The National Stock Exchange of India (NSE) subsidiary NSE Data & Analytics on Wednesday announced i…

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Some pilots flying for American Airlines' subsidiary regional airlines will soon make nearly twice their current salary in a groundbreaking pay scheme

The pilots with the biggest pay increase are line-check airmen, who will get $427.50 an hour under …

Taylor Rains   


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Bank of Baroda closes subsidiary in Ghana

"We further advise in the matter that Bank of Baroda (Ghana) Ltd has surrendered its banking licens…

PTI   


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ONGC to form new subsidiary to focus on gas and LNG business

Its Board of Directors has given its nod for the creation of the subsidiary company subject to n…

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The SEC just charged a US subsidiary of investment giant Allianz in a multibillion dollar fraud scheme that targeted pensions and other investors

The Justice Department brought charges against Allianz Global Investors US for the March 2020 schem…

Brian Evans   


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Xiaomi forays into the electric vehicle business with a $10 billion subsidiary

After smartphones, laptops and other consumer electronic products, Chinese tech giant Xiaomi has an…