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Vodafone in talks to sell 5% stake in Indus Towers to Bharti Airtel: Report

British telecom giant Vodafone is in discussions to sell around five per cent stake in Indus Towers to Bharti Airtel, according to industry sources.

Vodafone currently holds about 28 per cent in Indus Towers. Vodafone's stake of 757.8 million Indus shares was worth roughly Rs 19,070 crore ($2.56 billion) as of Indus's Wednesday closing price on National Stock Exchange.

Bosch acquires 26% stake in B2B e-commerce firm Autozilla Solutions

Leading technology and services provider Bosch on Wednesday said it has acquired a minority 26 per cent stake in B2B eCommerce auto spares, garage equipment and accessories Autozilla Solutions.

The acquisition of a minority stake, which allows Bosch to participate in a digital B2B-marketplace for the independent aftermarket (IAM) in the domestic market, will help it in easing auto spares procurement, the company said in a statement.

This transaction will strengthen the company's market pull through its car service outlets as well as independent garages that are enrolled under the "extra" loyalty programme, Bosch said, without disclosing the value of the transaction.

Barclays boosts investor payouts after record annual profit in 2021

Barclays reported a record annual profit for 2021 and returned 2.5 billion pounds to shareholders via dividends and buybacks, as bad loan charges plunged and its investment bank continued its strong recent performance.

The British lender on Wednesday reported a pretax profit of 8.4 billion pounds ($11.42 billion), above analyst expectations and nearly tripled from 3.1 billion pounds a year ago. The bank's shares rose 4% in early trading.

SC asks Amazon, Future to urge NCLAT to decide on plea against CCI order

The Supreme Court on Wednesday asked Amazon and Future group to request the NCLAT to decide a plea challenging the revocation of sanction to the US e-commerce major for its deal with Future group's firm by the Competition Commission of India.

The suggestion was mooted by a bench headed by Chief Justice N V Ramana while adjourning to March 9 the hearing on Amazon's appeal against the January 5 order of the Delhi High Court staying the ongoing arbitration proceedings before an arbitral tribunal over Future Retail's Rs 24,500-crore merger deal with Reliance Retail.

Money laundering case: ED arrests NCP leader Nawab Malik after questioning

The Enforcement Directorate (ED) arrested Maharashtra Minority Affairs Minister Nawab Malik on Wednesday in a money-laundering probe linked to the activities of fugitive gangster Dawood Ibrahim and his aides, officials said.

The 62-year-old NCP leader was taken into custody after he was questioned for about five hours at the ED office in south Mumbai's Ballard Estate area since around 8 AM. His statement was recorded under the Prevention of Money Laundering Act (PMLA) and he was arrested under the same provisions as he was evasive in his replies, the officials said. His party said he wastaken by the ED from his residence at around 6 AM.

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