Siemens Energy should buy the rest of wind turbine maker Siemens Gamesa to accelerate a turnaround at the Spanish-listed firm, Deka, the second top-10 shareholder in as many weeks to call for the takeover, said on...
Qlik acquires NodeGraph to enhance analytics capabilities
Analytics company Qliktech International AB on Friday said that it has acquired NodeGraph, a customizable metadata management solution, to help expand its analytics data pipeline capabilities with interactive data...
Inside BharatPe-Centrum proposed JV to acquire troubled PMC Bank
BharatPe’s proposed joint venture with non-banking financial company Centrum Finance to set up a small finance bank and acquire troubled Punjab and Maharashtra Co-operative (PMC) Bank is a landmark event for fintech...
UniCredit CEO tells his managers M&A is not a priority – paper
UniCredit’s chief executive has told top managers at the Italian bank that mergers and acquisitions are currently not a priority, Italian daily Il Messaggero reported on Wednesday. Andrea Orcel took over as UniCredit...
When Davids strike Goliath-sized deals
Traditionally, merger and acquisition (M&A) stories are about the big fish gobbling up the small ones. But, a reversal seems to be playing out in the M&A space as startups, who are yet to hit their ‘teens’, are...
Agritech startup FarMart raises $2.4 million in pre-series A funding
Agritech platform FarMart on Thursday said that it has raised $2.4 million as a part of its pre-series A funding round led by Omidyar Network India and Avaana Capital. Existing investors Indian Angel Network and...
LimeChat raises seed funding led by pi Ventures, Stellaris
Artificial intelligence (AI)-based chatbot startup, LimeChat, on Tuesday said it has raised $750,000 as part of its seed round led by pi Ventures and Stellaris Venture Partners. Well known angel investors including...
After failed takeover, Air Transat seeks help as debt crunch looms
Struggling tour operator Air Transat is in talks with the federal government on aid but may not reach a deal by an April debt deadline, a source close to the situation said, putting pressure on Quebec to ride to the...
Suez bid to fight Veolia offer breach takeover rules, says French watchdog
French financial markets watchdog AMF said on Friday that water and waste company Suez’s attempts to fight Veolia’s offer breach takeover rules. In an effort to force Veolia to negotiate, the Suez board has set up a...
Mindtree partners with Databricks to offer cloud-based data intelligence
IT firm Mindtree today announced that that it has partnered with Databricks, the data and AI company, to help customers implement cloud-based data platforms for advanced analytics. This service will support use of the...
Pre-packaged insolvency resolution framework for MSMEs soon, say officials
Pre-packaged insolvency resolution framework could make a debut in the micro, small and medium enterprises (MSME) segment before being expanded to other sectors. The government is drawing up a framework for resolution...
Japan’s Itochu boosts FamilyMart stake despite criticism over offer
Japanese trading house Itochu Corp boosted its stake in convenience store chain FamilyMart Co to about two-thirds after a $5.5 billion tender offer that was criticised by some activist investors as being too low...