NEW DELHI: The Supreme Court of India ordered status quo on liquidation proceedings of Bhushan Power and Steel Ltd (BPSL) pending the verification of the review petition to be filed by JSW Steel. The court asked JSW...
Metropolis Healthcare completes acquisition of Dr. Ahujas’ Pathology & Imaging Centre
Dapic Metropolis Healthcare (formerly known as Metropolis Histoxpert Digital Services), a wholly owned subsidiary of Metropolis Healthcare, has completed the acquisition of entire business of Dr. Ahujas’ Pathology...
Sapphire Media Acquires BIG 92.7 FM, Strengthens Indian Media Market Grip
In a historic move that is a dramatic shift for India’s broadcast and media sector, Sapphire Media Limited has officially completed the acquisition of BIG 92.7 FM, an extensive and successful Indian radio network...
GMR Hyderabad Airport to acquire full control of logistics JV for ₹41 cr
GMR Airports Ltd on Wednesday said its subsidiary GMR Hyderabad International Airport Ltd will buy 70 per cent stake in its associate company ESR GMR Logistics Park Pvt Ltd for a little over Rs 41 crore. GMR Hyderabad...
CCI nod only after CoC: Govt working on amendments to insolvency law
The government may amend the insolvency law to stipulate that a resolution plan will require the Competition Commission of India’s (CCI’s) approval only after it’s endorsed by the committee of creditors (CoC) and not...
InsuranceDekho set to merge with RenewBuy
In a move that signals further consolidation in the insurance distribution landscape, two distributors-InsuranceDekho and RenewBuy-have signed merger documents through a share swap that will value the merged entity at...
Ceigall India board approves C&C Construction merger to boost infra play
Ceigall India on Monday said its board has approved the merger of wholly-owned subsidiary Ceigall Infra Projects with publicly listed C&C Construction to enhance business efficiency. Ceigall India, an infrastructure...
Movate Acquires Prescience, a Leading Data Science and AI Services Company, to Power AI-Led Enterprise Transformation
Movate, a global digital technology services provider, today announced the acquisition of Prescience, a leading firm specializing in AI, data science, and advanced analytics. This strategic acquisition represents a...
Lloyds Engineering acquires 77% stake in heavy fabrication firm Metalfab Hightech
Lloyds Engineering Works said that it has acquired a 76% stake in Metalfab Hightech for a consideration of Rs 28.41 crore, thereby strengthening its footprint in the high-growth heavy fabrication and equipment...
Hindalco to acquire coal block owner EMMRL for long-term fuel security
Hindalco Industries Ltd, the metals flagship of the Aditya Birla Group, will acquire 100 per cent of EMIL Mines and Mineral Resources Ltd. (EMMRL), which holds the mining lease for the Bandha coal block in Madhya...
Slew of PSU stake sales soon; govt plans to divest 6.5% in LIC in tranches
The government plans to divest a 6.5 per cent stake in Life Insurance Corporation (LIC) of India in tranches over the next 24 months, while kicking off a slew of share sales in central public-sector enterprises (CPSEs)...
Amazon India board clears merger of logistics arm with marketplace entity
Amazon Transportation Services (ATS), the American ecommerce giant’s Indian logistics arm, is merging with Amazon Seller Services, the primary marketplace entity in India, according to a board approval document filed by...
