Perplexity AI asked TikTok’s Chinese parent company, ByteDance, on Saturday to allow the US search engine startup to merge with TikTok US and create a new entity combining them and New Capital Partners, CNBC...
Wondrlab acquires Gen AI firm BigStep Technologies
Wondrlab, India’s platform-first martech network, has acquired a majority stake in BigStep Technologies, an expert in Generative AI and Cloud-Native Custom Software Solutions. This is Wondrlab’s seventh acquisition to...
Board of Allcargo Terminals approves acquisition of 15% stake in Speedy Multimodes
The Board of Allcargo Terminals at its meeting held on 17 January 2025 has approved the Preferential issue of equity shares of the company for consideration other than cash, i.e. in lieu of acquiring 15% shares of...
India likely to cut disinvestment goal by 40% for FY25, Economic Times reports
India will likely cut its disinvestment and asset monetisation target by 40% for 2024-25 in the federal budget to be presented next month, The Economic Times newspaper reported on Saturday, as planned sales of state-run...
US FTC finalizes consent order for $53 bln Chevron-Hess merger
The U.S. Federal Trade Commission (FTC) said on Friday it had approved a consent order to resolve antitrust issues concerning Chevron’s $53 billion takeover of Hess. According to the order, John Hess, CEO of the...
Amazon to acquire fintech lending startup Axio in a $200 million all-cash deal
Ecommerce major Amazon is set to acquire Bengaluru-based fintech Axio, valuing the buy-now-pay-later (NBPL) at around $190-200 million, three people in the know said. The deal, awaiting a nod from the country’s banking...
GECOM acquires luxury triplex apartment at BKC for ₹100 cr
GECOM International, engaged in the business of establishing collaborative arrangements between Indian and foreign universities, has acquired a luxury triplex apartment in Mumbai’s central business district Bandra...
Automation firm Symbotic soars on $200 mln deal to buy Walmart’s robotics unit
Symbotic’s shares jumped about 14% on Thursday after the automation firm said it would buy Walmart’s robotics business for $200 million as part of an agreement to expand the retailer’s automated supply...
No competing bids for Jaiprakash Associates, NARCL sole contender
The National Asset Reconstruction Co (NARCL) has emerged as the preferred bidder to take over the distressed Jaiprakash Associates (JAL) after process advisor IDBI Capital Markets & Securities did not receive any...
Rashi Peripherals to acquire 70% stake in Satcom Infotech
Rashi Peripherals (RP Tech) has announced its intent to acquire 70% equity stake in Satcom Infotech, a prominent distributor specializing in cybersecurity solutions. This strategic move expands RP Tech’s portfolio...
Kilburn Engineering completes acquisition of factory unit at Ambernath
Kilburn Engineering has completed the transfer of the factory unit situated at Plot No. B/78/1, M.I.D.C, Anand Nagar, Additional Ambernath Industrial Area, Ambernath (East) – 421 506, Thane, Maharashtra along with...
Partners Group, Brookfield, Macquarie, Actis show interest to invest $200 mn in Excitel
A raft of investors including Switzerland-based Partners Group AG and Canada’s Brookfield Asset Management Inc have signed non-disclosure agreements (NDA) to potentially invest in internet services provider Excitel...
