Blackstone Group Inc. has agreed to acquire the glass unit of Indian conglomerate Piramal Enterprises Ltd. for about $1 billion, according to people with knowledge of the matter. The transaction could be announced as soon as in the next few weeks, one of the people said, asking not to be identified as the details are private. The US private equity giant is in talks with banks for about a $400 million, five-year loan to fund the deal, another person said.
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Over 5,000 employees from Walmart India joining Flipkart Wholesale
Flipkart Wholesale, the digital business-to-business marketplace of e-commerce giant Flipkart Group is recruiting over 5,000 employees who are transitioning from Walmart India to the Flipkart Group.
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Farmer union moves SC against new laws
Bhartiya Kisan Union (Bhanu) has moved an intervention application in the Supreme Court challenging the recently enacted three farm laws, which has led to major farmers protests at various Delhi borders. The plea, moved by farmers' union president Bhanu Pratap Singh, sought to intervene in the plea led by Tiruchi Siva, Member of Parliament (DMK), challenging the three laws: The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020, the Farmer's Produce Trade and Commerce (Promotion and Facilitation) Act, 2020, and the Essential Commodities (Amendment) Act, 2020.
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