Bajaj Indef, a trusted leader in the material handling solutions space, has announced the acquisition of an 80% equity stake in Daedalus Lift & Access Equipments Pvt. Ltd., a pioneering manufacturer of Aerial Work...
Govt to call financial bids for IDBI stake sale by Oct-Dec: Divestment secy
The government is preparing to invite financial bids in the third quarter (October-December) of FY26 for a strategic stake sale of IDBI Bank, as potential buyers have completed due diligence, Department of Investment...
Singapore’s GIC to take 25% stake in Spanish broadband venture, FT reports
Singapore’s sovereign wealth fund GIC will acquire a 25% stake in a fibre optic broadband venture between MasOrange, partly owned by France’s Orange, and Vodafone Spain, which is owned by Britain’s...
Prosus set to win EU nod for $4.74 billion Just Eat deal, sources say
Dutch technology investor Prosus is set to win EU antitrust approval for its 4.1 billion euro ($4.7 billion) bid for Just Eat Takeaway, after agreeing to sell down its stake in Delivery Hero, people with direct...
Goldman Sachs poised to buy into ice cream maker Froneri at $17 billion valuation, FT says
Goldman Sachs is poised to buy into ice cream maker Froneri at a 15-billion-euro ($17.13 billion) valuation including debt, the Financial Times reported on Friday. Reuters could not immediately verify the report. The...
McDermott and Schulte complete latest US law firm merger
U.S. law firms McDermott, Will & Emery and Schulte Roth & Zabel have completed their planned merger, as firms’ appetite for greater legal market share and a strong New York presence continues to drive...
French insurer Axa to buy 51% stake in Italy’s Prima
French life and health insurer AXA has agreed to buy a 51% stake in Italian direct insurance group Prima for 500 million euros ($571 million) as it seeks to strengthen its position in Italy’s motor business, it...
China Mobile buys over 14% stake in HKBN for $138 million
China Mobile, the world’s biggest wireless carrier by users, said on Monday it had bought a 14.4% stake in Hong Kong-based broadband service provider HKBN for HK$1.08 billion ($137.58 million). The deal gives...
Mumbai-based Yogayatan Group raises bid for Lavasa, emerges as top bidder
Mumbai based Yogayatan Group has emerged as the highest bidder for the debt laden Lavasa Corporation increasing its bid to Rs 795 crore on a net present value (NPV) basis from Rs 725 crore previously. Bidders had been...
Swiggy to re-evaluate Rapido stake citing potential conflict of interest
On-demand convenience firm Swiggy on Thursday said it will re-evaluate its investment in ride-hailing startup Rapido, citing a potential conflict of interest in the future as the mobility venture recently entered the...
Goldman Sachs poised to buy into ice cream maker Froneri at $17.13 billion valuation, FT says
Goldman Sachs is poised to buy into ice cream maker Froneri at a 15-billion-euro ($17.13 billion) valuation including debt, the Financial Times reported on Friday. Reuters could not immediately verify the report. The...
Star Entertainment’s Brisbane casino deal collapses; shares hit record low
Star Entertainment’s planned 50% stake sale in its A$3.6 billion ($2.32 billion) Brisbane resort failed after its Hong Kong-based investors looking to exit the joint venture refused to extend talks, it said on...
