A Pune district court has temporarily restrained Kirloskar Proprietary Ltd (KPL) from terminating its trademark licence and user agreements with Kirloskar Brothers Ltd (KBL). The court’s decision, made on 9...
Other
US car wash operator Spotless Brands explores sale, sources say
The owners of Spotless Brands are exploring a sale that could value the U.S. car wash operator at nearly $3 billion including debt, according to four sources familiar with the matter. The company is working with...
Saudi Arabia’s Elm to buy business services firm from PIF for $906 mln
Saudi Arabian digital security firm Elm Company said on Wednesday that it had agreed to acquire business services firm Thiqah from the kingdom’s Public Investment Fund (PIF) in a deal valued at 3.4 billion riyals...
International Paper to win EU approval for $7.1 billion DS Smith deal
U.S.-based International Paper is set to get EU approval for its 5.8 billion pound ($7.12 billion) purchase of UK rival DS Smith after agreeing to sell assets to address competition concerns, people with direct...
Murugappa Group sets sights on fresh buyouts
The diversified Murugappa Group, which has turned around several distressed companies after acquisition, is open to more buyouts, Vellayan Subbiah, vice chairman of the group’s flagship firm, Tube Investments of...
MRPL acquires 26.96% stake in Mangalore SEZ
The Board of Mangalore Refinery And Petrochemicals at its meeting held on 20 January 2025 has approved the acquisition of 1,34,80,000 equity shares of Mangalore SEZ (MSEZ) from IL&FS at a revised consideration of Rs...
Kretinsky’s EPH among those approached to buy Germany’s Uniper, sources say
Czech billionaire Daniel Kretinsky is among potential suitors approached by Berlin about buying German state-owned utility Uniper, three people familiar with the matter said. Sources have said previously that others...
German cartel office approves Rheinmetall, Leonardo joint venture
Germany’s cartel office approved the establishment of a joint venture between the Duesseldorf-based Rheinmetall and Italy’s Leonardo, the regulator said in a statement on Monday. “Rheinmetall and...
Space infrastructure company Redwire to buy Edge Autonomy for $925 million
Space infrastructure firm Redwire Corp on Monday said it has agreed to acquire Edge Autonomy for $925 million in a cash-and-stock deal. The transaction would help create a defense tech company with a broader portfolio...
Perplexity AI bids to merge with TikTok US: Report
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...
