Business
The Competition Commission of India (CCI) has authorized the merger of Viacom18, sponsored by Reliance Industries, and Star India, controlled by Walt Disney.
Rakesh Gangwal, co-founder of InterGlobe Aviation (which controls IndiGo), intends to sell up to $850 million of his interest in the country's largest airline via block agreements.
Tencent Cloud Europe BV is expected to sell its 2.1% investment (about 9.7 million shares) in PolicyBazaar's promoter through block sales.
Vedanta, the mining company owned by Anil Agarwal, will explore a third interim dividend at its board meeting on September 2.
Tata Steel has bought 178.34 crore ordinary equity shares in T Steel Holdings Pte (TSHP) for Rs 2,347.81 crore.
Zomato has purchased Paytm's entertainment ticketing business for Rs 2,048 crore to enhance its "going-out" sector.