Hero Electronix, a part of the Hero Group, on Wednesday acquired Test & Verification Solutions (T&VS), a provider of chip design services. The acquisition was made through Tessolve, a Hero Electronix venture and...
Pass order on plea within 2 months: NCLAT to NCLT on GE Triveni issues
The National Company Law Appellate Tribunal (NCLAT) on Monday asked the Bengaluru bench of NCLT to make a decision on the arbitration plea, preferably within two months, in the ongoing dispute between the JV partners of...
McNally Bharat close to reaching rescue deal
McNally Bharat Engineering Ltd (MBEL), the stressed engineering company of the Williamson Magor Group (WMG), is close to roping in an Iceland-based strategic investor to tide over the ongoing financial crisis in the...
Govt plans to sell 15% stake in HAL via OFS
The government is planning to sell 15 per cent stake in Hindustan Aeronautics Ltd (HAL) through an offer for sale, which could fetch about Rs 4,000 crore to the exchequer. The government is looking to appoint up to...
France’s ENGIE to sell 74% stake in India business to Edelweiss’ fund
Energy firm Engie SA of France, one of the largest foreign solar power investors in India, said on Thursday that it will sell a 74% stake in its local solar business to Edelweiss Infrastructure Yield Plus (EIYP) fund...
Imerys to buy CK Birla co’s thermal insulation business
France-based Imerys Group, world leader in mineral-based specialities, has agreed to buy thermal insulation business from CK Birla Group-controlled Hyderabad Industries. Definitive agreements have been signed between...
CK Birla group firm NEI acquires Slovakia-based Kinex Bearings
National Engineering Industries (NEI), a part of the USD 2.4 billion diversified CK Birla Group, on Wednesday said it has acquired Slovakia-based Kinex Bearings. The company, a leading bearing manufacturer in the...
Ness Digital Engineering acquires Slovakia based CassaCloud
Digital transformation and custom software engineering service Ness Digital Engineering has acquired CassaCloud. Based out of Slovakia, CassaCloud is a consultancy which specialises in salesforce implementation...
Nicco Corporation’s liquidation: NCLT order may revive investor interest
The National Company Law Tribunal’s order asking two directors of Nicco Parks & Resorts to vacate their positions may revive investor interest in the sale of Nicco Corp’s 25% stake in it, said Vinod Kothari, the...
Capgemini bid for Altran not delayed, offer closing date set
French software consultancy firm Capgemini encouraged Altran investors to tender their shares by January 22, the new closing date for its friendly offer set Wednesday by market regulator AMF after judges ruled against...
ELGi Equipments acquires Michigan Air Solutions
ELGi Compressors USA, Inc., a subsidiary of Elgi Equipments Limited, a global supplier of compressed air solutions, announced its acquisition of Michigan Air Solutions, one of the largest independent air compressor...
Advent, Bain, GIC in talks to sell stake in Quest Global
Private equity firms Advent International and Bain Capital as well as Government of Singapore Investment Corp (GIC) are in preliminary talks for a partial or full exit of their stake in engineering services firm Quest...
