The Columbus Crew announced the acquisition of Colombian midfielder Marino Hinestroza on Friday. The 21-year-old joins the 2023 MLS Cup champions on a transfer from Liga MX side C.F. Pachuca. The transfer fee was not...
NCLT approves Swan Energy’s loan repayment to Reliance Naval by one year
Swan Energy Limited (SEL) has received a one-year extension from NCLT for the payment of second tranche due to the lenders of Reliance Naval and Engineering Limited (RNEL). As per the resolution plan, an amount of Rs...
Zomato denies acquisition rumours of Shiprocket
Food delivery platform Zomato has rejected a news report claiming that the company will acquire startup Shiprocket for $2 billion. In a BSE filing, Zomato informed, “We have noticed that there are certain news...
Blue Origin, Cerberus looking to buy rocket firm United Launch Alliance – WSJ
Jeff Bezos’ Blue Origin and private equity firm Cerberus are among companies that have shown interest in buying rocket company United Launch Alliance (ULA), the Wall Street Journal reported on Thursday, citing...
Govt plans lower stake sale target in FY25, no big names
The Centre is likely to reduce its divestment target for FY25 and complete stake sales processes initiated during the current fiscal FY24, while not making any new big-ticket additions to its divestment list for the...
Copec to sell forestry units to Brazil’s Klabin in billion dollar deal
Chilean industrial conglomerate Empresas Copec announced that it has agreed to sell some of its forestry businesses to Brazilian pulp and paper company Klabin in a deal worth some $1.16 billion. Copec said that it would...
Italy reviews Pignataro’s bid for Prelios after ION buying spree -Bloomberg News
The Italian government is reviewing the planned acquisition of Prelios by Andrea Pignataro’s ION Group, as Rome steps up its scrutiny of the tycoon following a string of high-profile deals, Bloomberg reported on...
Aon to buy middle-market insurance broker NFP in $13.4 bln deal
Management consulting firm Aon said it will buy privately held NFP in a deal valued at about $13.4 billion to tap the fast-growing middle-market segment of insurance brokerage, wealth management and retirement plan...
Farfetch to be acquired by Coupang for $500 million
Farfetch, the beleaguered luxury e-commerce platform that has spent months teetering on the brink of bankruptcy, has found its white knight: The retailer said Monday that Coupang, described as South Korea’s answer...
Why has Adobe and Figma called off $20 billion merger
Adobe and Figma jointly declared the cancellation of their planned merger. The decision to call off the deal comes after increasing scrutiny from UK and EU regulators. The proposed acquisition, where Adobe intended to...
EbixCash’s US parent files for Chapter 11 bankruptcy
Robin Raina-led Ebix Inc. filed for bankruptcy in the US on Monday after missing the last deadline to repay over $600 million (about ₹5,000 crore) to lenders. The move cast a cloud over its Indian unit EbixCash, which...
ADNOC preparing to increase takeover offer for Covestro – Bloomberg News
The Abu Dhabi National Oil Co (ADNOC) is preparing to submit a fresh proposal of about 60 euros ($65.53) per share for Covestro AG, which could value the German plastics and chemicals maker at around 11.3 billion euros...
