French manufacturing group Alstom (ALSO.PA) said on Thursday it had signed an agreement with General Electric (GE.N) to exit three joint ventures in return for a payment of 2.594 billion euros ($3.08 billion). The three...
KKR to invest Rs1,250 crore in Sintex unit
Sintex-BAPL Ltd, a subsidiary of Sintex Plastics Technology Pvt. Ltd, on Thursday said private equity fund KKR India and its affiliates have agreed to invest Rs1,250 crore in the company. Sintex-BAPL is part of the...
Xerox in talks for deal with Fujifilm – WSJ
Printer manufacturer Xerox Corp is in talks to do a deal with Japanese camera maker Fujifilm Holdings Corp that could include a change in control of Xerox, the Wall Street Journal reported on Wednesday, citing people...
ITC, JK Paper among potential suitors for Sirpur Paper Mills
Telangana-based Sirpur Paper Mills Ltd, which is in the middle of insolvency proceedings at the Hyderabad bench of the National Company Law Tribunal (NCLT), has received initial expressions of interest from several...
Hyundai Heavy Industries plans to raise $1.2 billion in sale of new shares
Hyundai Heavy Industries Co., the world’s second-biggest shipbuilder, plans to raise about 1.29 trillion won ($1.2 billion) selling new shares for working capital amid shrinking orders in the global industry. The...
Amara Raja invests Rs 700 cr in new two-wheeler battery facility
India’s leading battery major Amara Raja Batteries Ltd (ARBL) will strengthen its two-wheeler battery plant with an estimated investment of Rs 700 crore. The company said it had started catering to electric vehicles as...
Kirloskar group in talks for majority stake sale in diesel generator unit
The Kirloskar group is in talks to sell a controlling stake in Kirloskar Oil Engines Ltd, its diesel generator manufacturing business, two people aware of the plan said. Kirloskar Oil Engines, one of the leading...
Blackstone in talks to buy majority stake in Comstar
Blackstone Group LP is set to buy a majority stake in Comstar Automotive Technologies Pvt. Ltd in a transaction that values the auto parts maker at $140-150 million (Rs1,000 crore), two people aware of the discussions...
SSG Capital Management in talks to buy stake in Emco Ltd
Asia-focused special situations investment firm SSG Capital Management Ltd is interested in acquiring a stake in transformer maker Emco Ltd, said two people aware of the development. Emco is engaged in manufacturing...
Schindler to invest Rs 170 cr to expand manufacturing facilities in India
Leading providers of escalators and elevators Schindler India is all set to invest Rs. 170 crores to expand its manufacturing facilities by setting up India’s first Escalator manufacturing line and towards...
United Technologies in bid to acquire Rockwell Collins: source
United Technologies Corp (UTX.N), the U.S. maker of Otis Elevators and Carrier air conditioners, has submitted an offer to acquire aircraft component manufacturer Rockwell Collins Inc (COL.N), a person familiar with the...
PSL Limited files for insolvency
The Ashok Punj-owned PSL Limited, the largest manufacturer of pipes in India, has filed for insolvency under the Insolvency and Bankruptcy Code, 2016. It owes Rs 4,000 crore to 24 banks and other institutions, including...
