JSW Steel on Wednesday announced a joint venture with Japan’s JFE Steel worth ₹15,750 crore, as part of which India’s largest steel producer will sell its subsidiary Bhushan Power & Steel’s...
Oval Invincibles is MI London as RIL concludes Surrey deal
Reliance Industries has completed the purchase of a 49% stake in Surrey County Cricket Club’s Oval Invincibles franchise in The Hundred, closing the deal at £60.27 million (₹725 crore). The transaction valued the...
Wipro acquires HARMAN’s digital transformation solutions unit for $375 mn
IT services company Wipro’s $375-million acquisition of HARMAN’s Digital Transformation Solutions (DTS) business unit has been completed following regulatory nods, according to a release on Tuesday. The DTS...
European Rearmament Bank seeks merger with JPMorgan-backed rival multilateral lender
European Rearmament Bank (ERB), an initiative to create a state-backed lender for defence amid the region’s worst conflict since World War Two, has proposed merging with a JPMorgan-backed rival to appeal to...
OpenAI agrees to acquire AI startup Neptune to boost model training capabilities
OpenAI has agreed to acquire Neptune, a startup that provides tools that help companies track their AI model training, the ChatGPT maker said on Wednesday. While OpenAI did not disclose the financial terms of the deal...
Boeing looks to close Spirit AeroSystems merger this year as FTC orders divestitures
Boeing said on Wednesday it could close its $4.7 billion acquisition of wing and fuselage maker Spirit AeroSystems by the end of the year after a U.S. regulator said it could proceed, so long as it carried out...
Paramount raises breakup fee in Warner Bros bid to $5 billion, Bloomberg News reports
Paramount Skydance has raised the proposed breakup fee in its bid to acquire Warner Bros Discovery to $5 billion from $2.1 billion, Bloomberg News reported on Wednesday, citing people familiar with the offer. The sum...
Kenya to sell 15% Safaricom stake to Vodacom in $1.6 billion deal
Safaricom said late Wednesday that Kenya is selling a 15% stake in the telecom operator to South Africa’s Vodacom in a deal worth about $1.6 billion, as the government seeks to raise cash by offloading some state...
Smiths Group to sell baggage-screening unit to CVC for $2.65 billion
Britain’s Smiths Group said on Wednesday it had agreed to sell its Smiths Detection unit, known for its baggage-screening kit in airports and explosive detectors, for 2 billion pounds ($2.65 billion), including...
South Korea’s Doosan Bobcat in talks to buy Wacker Neuson
Wacker Neuson said on Tuesday that South Korea’s Doosan Bobcat was in talks to buy a majority stake in the German construction equipment maker. Doosan Bobcat, a unit of Korean conglomerate Doosan, is in...
Eni’s renewable unit buys energy customer portfolio from Italy’s ACEA
The low-carbon unit of Italian energy group Eni has agreed to buy some of the businesses of regional utility ACEA in a deal worth 587 million euros ($685 million), the two companies said on Wednesday. The price will be...
Schroders explores options, including sale, for financial planning unit Benchmark Capital, sources say
British money manager Schroders is exploring options, including a potential sale, for its financial planning unit Benchmark Capital, two people familiar with the matter told Reuters, part of a wider shift away from...
