The National Company Law Appellate Tribunal (NCLAT) on Friday adjourned hearing in a bunch of pleas challenging the approved resolution plan of Birla Tyres. The NCLAT said the pleas will be heard separately during the...
Nornickel will pay $18 mln to drop its stake in nickel JV in South Africa
Russia’s Nornickel will pay $18 million to pass its 50% stake in Nkomati nickel mine in South Africa to its partner African Rainbow Minerals (ARM), ARM said on Friday, ending years of Nornickel’s attempts to...
Adobe acquires Lightspeed-backed Indian generative AI startup Rephrase.ai
Adobe has acquired Bengaluru-based Rephrase.ai, which runs an artificial intelligence(AI)-powered video creation platform, per an internal memo circulated by the US software major. With the acquisition, Adobe will look...
Amazon set to win EU’s nod for its $1.4 billion iRobot acquisition: Report
Amazon is set to win unconditional EU antitrust approval for its $1.4 billion acquisition of robot vacuum maker iRobot, three people familiar with the matter said. Antitrust enforcers around the world have stepped up...
ADNOC exploring acquisition of BASF’s Wintershall Dea unit – Bloomberg News
Abu Dhabi National Oil Co (ADNOC) is exploring a potential acquisition of Wintershall Dea, the European energy business backed by BASF SE, Bloomberg News reported on Thursday. Any deal could value Wintershall Dea at...
Blackstone-backed Prima seeks bids for minority stake in $1.1 bln deal – sources
Prima Assicurazioni, an insurance start-up backed by some of the world’s largest private equity firms, is seeking indicative offers this week to bring in a new minority investor and raise fresh cash, two people...
Italy blocked Safran-Collins deal due to national defence issues – Meloni
Italy blocked French group Safran’s planned $1.8 billion purchase of the flight control systems arm of Collins Aerospace because it could have threatened supplies to national armed forces, Prime Minister Giorgia...
Wilmar, GQG, Qatar fund vie for Adani Wilmar stake
The Adani group is in separate talks with Wilmar International Ltd, GQG Partners Llc and the Qatar Investment Authority (QIA) to sell its entire stake in Adani Wilmar Ltd for $2-2.2 billion, two people aware of the...
Broadcom closes $69 billion VMware deal after China approval
Broadcom on Wednesday closed its $69 billion acquisition of cloud-computing firm VMware after receiving regulatory approval in last major market China and ending a months-long saga. The deal, one of the biggest globally...
Bizongo acquires Titan Capital-backed FactoryPlus
Tiger Global-backed vendor digitisation platform Bizongo on Tuesday said it has acquired Titan Capital-backed FactoryPlus, a factory digitisation app for micro, small and medium enterprises (MSMEs). The acquisition will...
Luminar CEO’s deal to buy Forbes called off – memo
Forbes’ parent company has called off its acquisition by Luminar Technologies CEO Austin Russell, as the billionaire could not come up with the financing, an internal Forbes memo seen by Reuters on Tuesday showed...
Panasonic shares surge as stake sale plan sparks restructuring hopes
Shares of Japan’s Panasonic Holdings have rallied about 10% since it announced on Friday a plan to sell a stake in its automotive systems business and the unit’s potential listing raised broader...
