Super Group Ltd : * Acquisition of Fleet Hire by SG Fleet Group * Acquisition of a UK company, Fleet Hire, a provider of contract hire, salary sacrifice, short-term rental and fleet management services * Total value of...
MNC port services majors in talks to buy Ocean Sparkle
MUMBAI: Denmark’s Svitzer, Japan’s K Line and Australia’s Qube Logistics are among the strategic investors in talks with Hyderabad-based Ocean Sparkle to acquire a controlling stake in the company, in...
Hapag-Lloyd agrees merger terms with shipping peer UASC
German container shipping line Hapag-Lloyd AG (HLAG.DE) has agreed on a merger deal with United Arab Shipping Company (UASC), creating a group with an estimated value of 7 to 8 billion euros($7.7-8.9 billion), as both...
IL&FS Transportation gets Rs 110 crore payment via 15 per cent stake sale
NEW DELHI: IL&FS Transportation Networks today said it has received payment worth Rs 110 crore from sale of its 15 per cent stake in Gujarat Road and Infrastructure Company. Gujarat Road and Infrastructure Company...
Ola to raise $1 billion to fend off Uber
ANI Technologies, the company that owns India’s largest taxi aggregator, Ola, is in talks to raise nearly $1 billion (Rs 6,700 crore) in fresh funding to compete with global rival Uber, which has a war chest for India...
Frontline to acquire VLCC newbuilding contracts
Frontline Ltd * Deal for purchase price of $84 million each * Vessels are due for delivery in September and November 2016 * Has also secured options for two additional sister vessels with delivery in January and March...
India to invest Rs 3.3 lakh cr on three new rail freight corridors
All earnings from freight corridors to go to Indian Railways, which would then share 35-40 per cent of it with DFCC as Track Access Charges India will spend Rs 3.3 lakh crore to set up three new arms of the dedicated...
Railways, Haryana to form joint venture for implementing rail projects
NEW DELHI: Railways today joined hands with Haryana seeking speedy execution of viable rail projects in the state in a joint venture model. “We can execute projects at a faster pace with state’s cooperation...
CareOnGo raises $300,000 seed funding
CareOnGo , a mobile chain of co-branded pharmacy stores, has raised $300,000 in its seed round from a consortium of investors led by Farooq Oomerbhoy, one of the co-founders of the early stage fund – Orios Venture...
Australia’s Asciano bins $6.4 bln Brookfield bid it had endorsed
Australian ports and rail giant Asciano Ltd (AIO.AX) formally dumped an A$8.9 billion ($6.4 billion) buyout from Canada’s Brookfield Asset Management Inc (BAMa.TO) after it failed to match a higher offer from...
CP to seek shareholder support for Norfolk takeover talks
Canadian Pacific Railway Ltd (CP.TO) said on Tuesday it planned to seek support from Norfolk Southern Corp’s (NSC.N) shareholders to push the U.S. railroad’s board to engage in takeover talks. The company...
Centre to sign MoU with Karnataka soon for railway JV.
A day after the Centre clears proposal to form joint ventures with the states for rail projects, Railways Minister Suresh Prabhu today said the government will soon sign an agreement with Karnataka to form such an...
