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...
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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...
Testing giants Bureau Veritas and SGS in merger talks
France’s Bureau Veritas and Switzerland’s SGS are in merger talks to create a testing and certification giant worth more than $30 billion that would dwarf competitors. The two companies, which test and...
Canada clears $34 billion Bunge-Viterra merger with conditions
Canada on Tuesday approved with conditions U.S. grains merchant Bunge’s $34 billion merger with Glencore-backed Viterra, clearing one of the final remaining obstacles for a global agriculture tie-up that is...
Quadria Capital buys 15% stake in Pharma company for $100 mn
Aragen Life Sciences, a leading Contract Research, Development and Manufacturing Organization (CRDMO), has raised a $100 million investment from Quadria Capital, an Asia healthcare-focused Private Equity fund, said the...
