SRF Ltd will enter into the cast polypropylene (CPP) film business by acquiring the entire plant and machinery from Kanpur Plastipack Ltd (KPL) for ₹49.25 crore, the company said in a stock exchange filing on Tuesday...
Musk, Ambani join hands in surprise Starlink India internet deal
Mukesh Ambani’s Reliance Jio signed a deal with Elon Musk’s SpaceX to bring Starlink satellite internet services to India, a surprise move from the billionaires after being at odds for months over how the...
Northvolt close to filing for bankruptcy in Sweden, newspaper DN reports
Northvolt, the Swedish maker of battery cells for electric vehicles, may be close to filing for bankruptcy in Sweden, Swedish newspaper Dagens Nyheter (DN) reported on Tuesday. Northvolt sought U.S. Chapter 11...
Italy’s Synapsia signs $2.5 bln deal with UAE’s Bold Technologies
Italy’s Synapsia has signed a $2.5-billion contract with UAE’s Bold Technologies to provide AI-powered city management services for Abu Dhabi, Synapsia CEO Daniele Marinelli told Reuters. The Italian company...
Supreme Inds to acquire Piping business of Wavin India for $30 million
Supreme Industries said that it has entered into an agreement for acquiring the Indian Piping (building and infrastructure) business of Wavin Industries for an aggregate consideration of $30 million plus networking...
Panama to request legal, financial documents on CK Hutchison-BlackRock port deal
The Panama Maritime Authority, which oversees shipping and port infrastructure in the country, will request all legal and financial documents from a key transaction between CK Hutchison and a consortium backed by...
Italian yacht maker Ferretti aiming for an acquisition this year
Italian yacht maker Ferretti aims to make an acquisition this year, its chief executive said on Monday, without specifying whether the potential target would be a brand, a yard or another asset. “We have three...
Rocket Companies to buy real estate firm Redfin in $1.75 billion deal
Rocket Companies said on Monday it would acquire real estate listing platform Redfin in an all-stock deal valued at $1.75 billion, seeking to boost its lending business. Rocket’s $12.50 per share offer equates to...
TXNM Energy explores sale after takeover interest, Bloomberg News reports
TXNM Energy is exploring a sale after receiving takeover interest from a potential suitor, Bloomberg News reported on Monday, citing people familiar with the matter. The energy holding company is working with an adviser...
Kantar owners eye break-up of group, $6.5 billion Worldpanel sale, reports say
Market research group Kantar’s owners are exploring the sale of its Worldpanel division for 5 billion pounds ($6.5 billion) or more, Sky News reported on Sunday, while in a separate report the Financial Times said...
Religare Enterprises withdraws NCLAT petition against CCI order favouring Burman group’s stake buy
Religare Enterprises has withdrawn its appeal at the NCLAT against a competition watchdog CCI order that allowed four Burman group entities to acquire a 5.27 per cent stake in the financial services firm. The move comes...
Quest Global Acquires Alpha-Numero Technology Solutions
Quest Global is pleased to announce the acquisition of Alpha-Numero Technology Solutions. Alpha-Numero is a US-based VLSI design company with expertise in FPGA. Headquartered in Irvine, CA, Alpha-Numero employs over...
