China’s top television maker TCL Electronics is in talks with several Indian companies to sell a 51% stake in its display manufacturing plant in the country, seeking $600-800 million (₹5,708-₹7,611 crore) for the...
Cross Border News
Netradyne acquires Moove to expand AI fleet safety business in Europe
SoftBank-backed Netradyne has acquired Moove Connected Mobility, expanding its presence in Europe as it looks to grow its AI-powered fleet safety business. The deal combines Netradyne’s edge intelligence platform with...
Thyssenkrupp, Jindal call off steel sale talks after months of negotiations
Thyssenkrupp has paused talks with India’s Jindal Steel International about a possible sale of the German industrial group’s steel unit, it said on Saturday, marking a setback for CEO Miguel Lopez’s...
Tech Mahindra to buy 85% in Canada’s Avant Techno Solutions
Tech Mahindra on Thursday said it is purchasing a 85% stake in Canada-based wealth management firm Avant Techno Solutions (Alluri Technologies Inc), in a cash deal valued at CAD 28 million, or about Rs 195 crore. This...
Inox Clean Energy eyes $750M Boviet Solar buy to enter US market
Inox Clean Energy is set to acquire Boviet Solar in a deal that could assign an enterprise value of about $750 million (around Rs 7,000 crore) to the San Jose, California-headquartered company, said people familiar with...
Quadria, PE funds eye stake in Samarth Lifesciences; deal may value firm at Rs 4,500 crore
Quadria Capital is among 4-5 private equity investors evaluating a potential acquisition of a controlling 80-85% stake in Samarth Lifesciences, said people familiar with the matter. A deal could value the manufacturer...
Jio Financial Services, Allianz Group ink 50:50 general, health insurance JV
Jio Financial Services (JFSL) and Germany’s Allianz Group have signed a binding agreement to set up a 50:50 primary insurance joint venture focused on the general and health insurance segment, tapping into a ₹3.34...
India’s John Distilleries open to further stake sale to Sazerac, founder says
John Distilleries is open to selling more, and potentially all, of its founder’s remaining stake to U.S. spirits group Sazerac, following an earlier round valuing the Indian liquor maker at about 40 billion...
VIDYA strengthens global coffee presence with acquisition in Romania
VIDYA, a global manufacturer of herbal extracts and coffee solutions, has announced a strategic move to strengthen its position in the global coffee industry through expansion in the EU. The company has acquired...
Wipro Hydraulics to acquire majority stake in Italy’s Indeco Ind Spa
Wipro Hydraulics, a part of Wipro Infrastructure Engineering, on Thursday said it has signed a definitive agreement to acquire a majority stake in Italy-based Indeco Ind Spa. The acquisition will allow Wipro to expand...
Global funds, Adani, GMR, others in race for NIIF’s smart meter business
The sale process for IntelliSmart Infrastructure, which operates smart electricity metering systems of utilities, has drawn strong interest from global infrastructure investors and domestic smart meter manufacturers...
Wipro to acquire select Alpha Net customer contracts for up to $70.8 mn
IT services company Wipro will acquire select customer contracts of Alpha Net Consulting at a purchase consideration of up to $70.8 million, according to a regulatory filing on Wednesday. The business acquisition will...
