Accenture will acquire California-headquartered edtech platform, Udacity, for an undisclosed sum. The move is part of Accenture’s broader initiative to invest $1 billion over three years in enhancing upskilling...
Adani Logistics acquires 50% shares of Veracity Supply Chain Ltd
Adani Logistics Ltd on Tuesday said it has acquired a 50 per cent stake in Veracity Supply Chain Private Ltd (VSCPL). VSCPL, which was incorporated on Tuesday, has an authorised and paid-up share capital of Rs 10,00,000...
NCLT approves Ace Infracity resolution plan for 3C Homes
The NCLT has approved the resolution plan by Ace Infracity Developers for the debt-ridden 3C Homes. The NCLT bench observed the resolution plan submitted by Ace Infracity Developers has been approved by the Committee of...
Varo Energy buys 80% of Dutch biogas firm; aims to double capacity by 2026
Fuel trader and refiner Varo Energy, owned by Carlyle and energy trader Vitol, told Reuters on Thursday it had bought an 80% stake in Dutch biogas maker Bio Energy Coevorden BV (BEC) with a view to doubling its capacity...
CASE LAW: ACIT vs Anitha Kumaran 1164/Chny/2019
Snapshot: The Income Tax Appellate Tribunal (ITAT), Chennai held that property received from a private limited company by one of the family member of the shareholder pursuant to a will of the shareholder is not be...
Okinawa Autotech to form JV with Italian electric bike maker Tacita
Okinawa Autotech on Thursday said it has partnered with Italian electric and performance bike firm Tacita to set up a joint venture for the manufacturing of futuristic scooters and motorcycles as well as powertrain for...
RINL disinvestment paves way for capital infusion, capacity expansion: Govt
The strategic disinvestment of government’s equity in Rashtriya Ispat Nigam Limited (RINL) would lead to infusion of capital, expansion of capacity, infusion of technology and better management practices, Union...
EV maker Xpeng could consider acquisitions to expand capacity
Chinese electric vehicle maker Xpeng Inc would consider acquiring less successful rivals to expand production capacity in the future, company President Brian Gu told reporters during a conference call. Xpeng is building...
POET acquires Flint Hills’ ethanol business, boosts capacity 40%
POET said on Tuesday it has acquired Flint Hills Resources’ entire ethanol business, highlighting the largest U.S. biofuels producer’s bet that conventional renewable fuels like corn-based ethanol will play a role in...
Adani Green Energy acquires 75 megawatt solar capacities from Sterling & Wilson
Adani Green Energy on Friday said it has acquired 100 per cent stake in two special purpose vehicles (SPVs) that own 75 MW operating solar projects in Telangana from Sterling & Wilson. The projects, commissioned in...
Actis looks to buy ReNew’s 550MW capacity
Private equity fund Actis Llp is in talks with ReNew Power, India’s largest independent renewable energy producer, to acquire more than half a gigawatt of green energy projects for an enterprise value of around ₹3,000...
Liberty Steel seeks more acquisitions in India, to double Odisha capacity
London-based Liberty Steel Group, which acquired Adhunik Metaliks (AML) in March this year for Rs 500 crore, is looking for more acquisitions in India. The group sees high growth in the Indian economy after the country...