The Tube Investments of India Ltd stock had fallen after its restructuring plan was announced in early-November but has recovered now. The company plans to demerge its manufacturing business comprising auto components...
Siemens, Schneider Electric and Eaton Corporation join ABB in race for L&T’s electrical unit
Global industrial conglomerates Siemens, Schneider Electric and Eaton Corporation have joined ABB in the race to acquire the electrical and automation division of Larsen & Toubro, two people aware of the discussions...
Kirloskar Oil Engines to buy La-Gajjar Machineries
Kirloskar Oil Engines Ltd said it has executed a definitive agreement to buy a majority stake in La-Gajjar Machineries (LGM), the maker of Varuna and Raindrop brands of electric pumps. Kirloskar will acquire a 76% stake...
Warburg Pincus to invest $360 million to acquire a significant minority stake in Tata Technologies
A Warburg Pincus affiliate will invest $360 million (Rs 2,323 crore) for a 43% stake in Tata Technologies Limited, enabling the leading engineering and services provider from India enhance their business from automotive...
Greaves Cotton announces technology partnership with US-based Pinnacle Engines
As part of its strategy to establish itself as a leading “fuel agnostic powertrain solutions & services company”, Indian engineering company Greaves CottonBSE 3.40 % has announced a technology partnership with...
Kerala government allows BHEL to exit from joint venture with Electrical Machines Ltd.
The Kerala government today allowed Bharat Heavy Electricals Limited (BHEL) to exit the joint venture (JV) with State-run Electrical Machines Ltd. at Kasaragod. A decision in this regard was taken at a high-level...
McNally Bharat may seek board approval to raise Rs500 crore for expansion
After five years, Williamson Magor Group-controlled McNally Bharat Engineering Co. Ltd is again looking to secure new orders, even as the company races against time to conclude around 70 pending projects within the...
Tata Technologies buys Swedish engineering and design firm Escenda Engineering for undisclosed amount
Tata Technologies, an engineering services company, said it will acquire Swedish engineering and design firm Escenda Engineering AB for an undisclosed amount to expand its presence in Europe’s automotive and...
SNC-Lavalin Steps Up Deal Push With $2.6 Billion Atkins Bid
SNC-Lavalin Group Inc. is holding talks to buy WS Atkins Plc of the U.K. for 2.08 billion pounds ($2.6 billion) as Canada’s biggest engineering and construction company looks to expand its global reach with a record...
Havells-Lloyd deal: Why are investors unimpressed?
Investors weren’t impressed with the Rs1,600 crore deal between Havells India Ltd and Lloyd Electric and Engineering Ltd. Shares of both companies fell on Monday—Lloyd’s shares dropped as much as 17.1% and Havells’s...
Havells acquires consumer biz of Lloyd Electric for Rs 1600 cr
HavellsBSE -1.15 % India, India’s leading makers of branded electrical products, has acquired the consumer durable business (CDB) of the Lloyd ElectricBSE -12.76 % and Engineering for an enterprise value of Rs...
We don’t do acquisitions to become number one, says Motherson Sumi chairman
The country’s biggest automobile component maker Motherson Sumi has grown through acquisitions to nearly Rs 45,000 crore in revenue. Last month, it announced the acquisition of Finnish wiring harness company PKC for Rs...
