Non-banking finance company (NBFC) InCred Finance has acquired NBFC TruCap Finance’s gold loan business through a slump sale. In a stock exchange filing, TruCap said the total value of the deal will be about Rs 330...
UK competition watchdog clears IBM-HashiCorp $6.4 billion merger
British competition regulator on Tuesday said it will not refer U.S.-based tech giant IBM’s $6.4 billion buyout of HashiCorp to an in-depth Phase 2 probe.
Mphasis, Hexaware, Chryscap join race to acquire SLK Software
Mphasis, Hexaware Technologies, TPG Capital-owned Altimetrik and private equity fund Chryscapital are among those who have shown initial interest to acquire a majority stake in the Bengaluru-based technology services...
Dell nears deal to sell $5 billion in AI servers to xAI, Bloomberg News reports
Dell Technologies is nearing a deal worth more than $5 billion to provide Elon Musk’s xAI with servers optimized for artificial intelligence work, Bloomberg News reported on Friday, citing people familiar with the...
Persistent Systems to acquire assets from Soho Dragon Solutions India
Persistent Systems has entered into an Asset Purchase Agreement with M/s. Soho Dragon Solutions India for the acquisition of its identified assets on 06 January 2025, subject to the satisfaction of customary closing...
Coforge, Cigniti forge ahead with proposed merger
Coforge and Cigniti Technologies are moving a step ahead toward a planned merger. The two companies have appointed EY and Axis Capital to prepare merger terms, which they intend to propose to their respective...
Hinduja Tech completes acquisition of TECOSIM Group
Hinduja Tech Ltd has completed the acquisition of Germany-based engineering services provider TECOSIM Group, marking a significant milestone in its vision to be among the top 10 global mobility engineering companies...
French government offers to buy Atos’ advanced computing activities
French IT firm Atos has entered negotiations with the government over the potential acquisition of its advanced computing activities for an enterprise value of 500 million euros ($524 million), it said on Monday. Atos...
L&T Technology Services share price rises 5%: To acquire California based Intelliswift
L&T Technology Services Limited share price gained more than 5% in intraday trades on Tuesday. L&T Technology announced having signed a definitive agreement to acquire Silicon Valley-based Intelliswift, to...
L&T to acquire 21% stake in AI cloud provider E2E Networks
Larsen & Toubro is buying a 21% stake in E2E Networks, an artificial intelligence (AI) cloud provider, in a Rs 1,327-crore all-cash transaction. In a two-part deal, L&T proposes to acquire a total of 4.17...
French IT firm Atos agrees to sell Worldgrid unit to Alten
Atos said on Tuesday it had signed an agreement to sell its Worldgrid business unit to Alten for 270 million euros ($293.7 million) on an enterprise value basis, in a transaction expected to close before the end of 2024...
Board of Infosys approves merger of subsidiaries
At meeting held on 17 October 2024 The Board of Infosys at its meeting held on 17 October 2024 has approved merger of WongDoody Inc (wholly owned subsidiary) and Blue Acorn iCi Inc, Outbox Systems Inc., d.b.a Simplus...
