Top Headlines: Mallya faces eviction; Microsoft to buy Activision Blizzard

Microsoft Corp. agreed to buy Activision Blizzard in an all-cash deal valued at $68.7 billion, using its largest acquisition by far to grab a videogame heavyweight. More on that story in our top headlines this morning.

Can steel major POSCO be fifth-time lucky in India? 

It’s another day of hope for South Korean steel major POSCO as it takes yet one more shot at setting up a new steel plant in India. In the past 17 years, it has tried alone and in partnership with private and public sector companies to get a meaningful foothold in the market, but without success. Read more

Fugitive billionaire Vijay Mallya faces eviction

The fugitive Kingfisher tycoon Vijay Mallya is facing the prospect of a humiliating eviction from the luxury Central London home he currently occupies after the UK High Court ruled against him in a dispute with the Swiss bank UBS. Read more

Twin Star Technologies moves SC in Videocon case 

Twin Star Technologies, a promoter entity of the Vedanta Resources group, has moved the Supreme Court against the National Company Law Appellate Tribunal (NCLAT) order, which set aside the approval granted by the Mumbai bench of the National Company Law Tribunal (NCLT) to the resolution plan put forward by the company for acquiring the Videocon Group. Read more

RBI seeks details of NBFCs' 'buy now, pay later' deals 

The ‘buy now, pay later’ (BNPL) game is set for a big change. The Reserve Bank of India (RBI) has sought details of shadow banks’ BNPL arrangements with e-commerce (e-com) players. Read more

Microsoft to buy Activision Blizzard for $69 billion in all-cash deal 

Microsoft Corp. agreed to buy Activision Blizzard in an all-cash deal valued at $68.7 billion, using its largest acquisition by far to grab a videogame heavyweight that has been roiled by claims of workplace misconduct. Read more