Confirmed: There’s no deal; Snapdeal, Flipkart call off merger talks

After five months, countless man hours of deliberation and numerous board meetings, a proposed merger between e-commerce players Snapdeal and Flipkart – which would have been the biggest consolidation in the Indian e-commerce history has been called off, Snapdeal has confirmed. “Snapdeal has been exploring strategic options over the past several months. The company has… Continue reading Confirmed: There’s no deal; Snapdeal, Flipkart call off merger talks

IDBI Bank to raise up to Rs 5,000 crore

Mumbai-based public sector lender IDBI Bank is seeking shareholders’ nod to raise equity capital of up to Rs 5,000 crore through various routes, including qualified institutional placement (QIP), to meet capital adequacy norms. In addition, the ailing bank will tap market to raise up to Rs 5,000 crore through infrastructure bonds and basel-III-compliant additional tier-I… Continue reading IDBI Bank to raise up to Rs 5,000 crore

Katrina is one of the best dancers in B’wood: Salman

Looks like Salman Khan leaves no stone unturned to express his fondness for Katrina Kaif. At the IIFA 2017 press con here yesterday, while Katrina was speaking about her performance for the award night, the ‘Dabangg’ Khan interrupted, saying, “But you don’t have to worry anything about her. I think she is one of the… Continue reading Katrina is one of the best dancers in B’wood: Salman