Brazilian engineering group Novonor has made no “material progress” in talks regarding a potential sale of its controlling stake in petrochemical firm Braskem, the latter said in a filing on Tuesday, citing...
SoftBank to acquire ABB’s $5.4 bn robotics arm, boosting global AI push
SoftBank Group on Wednesday announced it will acquire ABB’s robotics division, a Swiss company, for about $5.4 billion, Nikkei Asia reported. The move marks a major step in founder Masayoshi Son’s push into artificial...
Tega Industries and Apollo Funds to buy Molycop for $1.5 bn
Tega Industries has agreed to acquire control of Omaha-based mining equipment maker Molycop at an enterprise valuation of $1.5 billion. The Kolkata-based manufacturer of mining and mineral processing gears will acquire...
Reliance Infra to sell Pune Satara toll road project to Cube Highways and Infrastructure III for Rs 2000 c
Cube Highways and Infrastructure III Pte Ltd. (Cube Highways), a Singapore-based company, will acquire a 100% stake in Reliance Infrastructure Limited’s (Reliance Infra) Pune Satara Toll Road (PSTR) project, Reliance...
CCI approves Carlyle Group’s stake purchase in Quest Global, other key deals
The Competition Commission of India (CCI) on Tuesday said it has approved four proposals, including the acquisition of a stake in engineering services provider Quest Global Services by a Carlyle Group entity and Bequest...
Foseco in talks to acquire Morganite Crucible
Foseco is in talks to acquire Morganite Crucible in a cash and stock deal, according to sources aware of the matter. ET could not ascertain the value of the deal. The deal if it concludes will bring together the Indian...
Adani group acquires 85% stake in MRO firm Air Works for ₹400 crore
Adani Enterprises Limited (AEL) has completed the acquisition of an 85.1 per cent stake in Air Works India (Engineering) Pvt. Ltd (AWIEPL) through its wholly owned subsidiary, Adani Defence Systems and Technologies...
NCLAT directs NCLT to hear, pass order on Gensol’s former independent director plea
The appellate tribunal NCLAT has directed the NCLT to hear and pass an order on the plea moved by former Gensol Engineering independent director Harsh Singh against the tribunal verdict for investigation against...
Qualcomm bypasses logic gate with $2 bln UK deal
Artificial intelligence is so fast-moving and potentially all-encompassing that it makes sense for technology giants to pay up just to stay relevant. Look at all the money Microsoft and Amazon.com have poured into large...
British Columbia Investment buys stake in KKR’s Pinnacle Towers
Global investment firm KKR said on Monday that British Columbia Investment Management Corp (BCI) will acquire a minority stake in Pinnacle Towers, an Asia-based digital infrastructure platform with a focus on the...
GFL Is Said to Consider Sale of Stake in C$5 Billion Infra Arm
GFL Environmental Inc. is considering the sale of a stake in its infrastructure arm, people with knowledge of the matter said, in what could be one of Canada’s largest infrastructure deals this year. The company is...
Mumbai NCLT allows 90-day extension of insolvency resolution for Lavasa Corp
The Mumbai bench of National Company Law Tribunal (NCLT) has allowed a 90-day extension in the ongoing consolidated corporate insolvency resolution process (CIRP) of Lavasa Corp beginning May 29. The planned city...
