British grocer Sainsbury's is divesting from the finance sector by selling its banking division to NatWest in a multi-billion-pound deal. This move allows Sainsbury's to refocus on its core retail business while providing NatWest with an expanded customer base and enhanced digital capabilities.
The digital entertainment industry in India is witnessing a thrilling showdown between Zomato and BookMyShow. Zomato's acquisition of Paytm's movie-ticketing business signals its entry into entertainment booking, challenging BookMyShow's dominance. This competition promises innovation, better services, and more options for consumers.
Quick Touch Technology has announced the board’s approval of acquiring Grenew DMCC, a Dubai-based firm specializing in used electrical and electronic appliances, to expand its global footprint.
Infocom Corporation, a leading e-comics platform in Japan, is still deliberating a potential takeover offer from Blackstone Group. The decision could significantly impact the digital comics market globally.
Ambuja Cements' acquisition of Penna Cement aims to expand market reach and production capacity. Despite short-term financial challenges and integration complexities, the long-term prospects look promising for elevated market presence and synergies.
Zomato is in talks to acquire Paytm's movies and ticketing business, aiming to diversify its portfolio into the entertainment sector, potentially valuing the deal at Rs 1,600-1,750 crore. This move could broaden Zomato’s service offerings and enhance cross-selling opportunities, while enabling Paytm to focus on its core activities.
