Country’s largest container port JNPT is mulling to acquire three ports in Maharashtra, as it targets to more than double its profits. The Jawaharlal Nehru Port Trust (JNPT) is also going ahead with its efforts to...
Shriram Transport to raise funds through issue of redeemable NCD’s
Shriram Transport Finance Company Ltd has informed NSE, BSE that the Company is considering raising of funds through various options of borrowings including by way of issue of Secured Redeemable Non-Convertible...
Gati in talks with TVS to sell Kintetsu joint venture stake for Rs 2k crore
Logistics company GatiNSE -9.41 % is in the final round of talks with TVS Logistics to sell a controlling stake in its joint venture subsidiary, Gati-Kintetsu Express, for Rs 1,500-2,000 crore, said two people aware of...
Uber in talks to buy food delivery firm Deliveroo: Bloomberg
Ride-hailing company Uber Technologies Inc [UBER.UL] is in early talks to buy food delivery company Deliveroo, Bloomberg reported on Thursday, citing people familiar with the matter. The value of the deal is not known...
Adani Logistics, NYK arm form rail logistics JV for auto sector
Adani Logistics, an arm of Adani Ports and SEZ, today signed an agreement with NYK Auto Logistics India to form a joint venture that will specialise in transportation of finished vehicles using freight trains. Adani...
Temasek Holdings acquires stake worth Rs 10 billion in Adani Ports, SEZ
Singapore-based investment company Temasek Holdings has acquired stake worth Rs 10 billion in Adani Ports and Special Economic Zone through open market transactions, block deal data available with BSE showed...
Lyft valued at $15 billion in latest funding round
Lyft Inc said on Wednesday it raised $600 million in a new funding round led by Fidelity Management, doubling the ride-hailing firm’s valuation to $15.1 billion in little over a year. The funding makes Fidelity one of...
GE nears deal to merge transportation unit with Wabtec – sources
General Electric Co (GE.N) is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp (WAB.N), a U.S. maker of equipment for the rail industry, two people familiar with...
ABG Shipyard heading for liquidation
Banks, led by State Bank of IndiaNSE 0.19 %, are set to reject the offer made by Liberty House for ABG ShipyardNSE -4.43 % on grounds that there’s no upfront payment of cash, and that the bid itself is too low, said two...
Even after 4th round, Liberty is lone bidder for ABG Shipyard
Liberty House, the UK based metals group, has once again emerged as the only bidder for ABG ShipyardNSE 1.94 % which is into the fourth round of bidding, said people familiar with the matter. The company has paid off...
$400-million enterprise valuation: DP World and NIIF to buy Continental Warehousing
Dubai’s port operator DP World along with the National Investment and Infrastructure Fund (NIIF) is buying Continental Warehousing Corp (Nhava Sheva), one of the largest companies in the logistics sector in India, for...
Uber to invest aggressively in South Asia, won’t let Softbank rule it: CEO
Uber Technologies Inc’s chief executive pledged to continue investing aggressively in Southeast Asia even though the US ride-hailing firm expects to lose money in the fast growing market due to costly battles with...
