Germany’s Schmid Group said on Wednesday it plans to list in New York via a special purpose acquisition company (SPAC), in a deal estimated to give the technology firm a valuation of $640 million. The fifth...
Tata Motors lines up suitors for stake in EV business
Tata Motors has begun discussions with sovereign wealth funds and private equity investors such as UAE-based Abu Dhabi Investment Authority (ADIA) and Mubadala Investment Company, Saudi Arabia-headquartered Public...
Tata nears iPhone plant takeover to grow Apple supply role
Tata Group is close to taking over a major plant in southern India in a deal that would give the country its first homegrown iPhone maker. The airline-to-software conglomerate has been in talks with the factory’s owner...
Varroc sells its four wheeler lighting business to Plastic Omnium for 600 million euros
Aurangabad-based auto component maker Varroc Engineering has signed an agreement to sell its four-wheeler lightening business to France’s Compagnie Plastic Omnium SE for 600 million euros, according to company’s...
Varroc looking to sell global lighting business for up to $650 million
Varroc Engineering, an auto component maker promoted by Tarang Jain, is likely to sell its global lighting business Varroc Lighting System (VLS) at an enterprise value of up to ₹600 million ($650 million) to a leading...
SoftBank-backed Ola Electric invests in Israeli battery tech firm StoreDot
Ola Electric, India’s leading manufacturer of EVs (electric vehicles), has invested in an Israeli battery technology company StoreDot, a pioneer in batteries with extreme fast charging (XFC) technology. The investment...
What are the challenges facing Air India after acquisition by Tatas?
It appears that the JRD’s silent prayer has been answered. Last Thursday, the airline took off from the government s runway and landed in the founder’s fold, shedding the air of lethargy too. The government gave the...
ZF takes stake in mobility software startup Apex.AI as it raises $56.5 mln
Germany’s ZF Friedrichshafen, one of the world’s largest suppliers of auto parts, has acquired a 5% stake in Silicon Valley mobility software startup Apex.AI in a fundraising round led by investment firm...
Chauffeur service Blacklane buys majority stake in Havn to boost electric fleet
German chauffeur service Blacklane has acquired a majority stake in Jaguar Land Rover-backed Havn, a premium all-electric cab service in London, for an undisclosed sum to speed up the electrification of its private hire...
Aston Martin hikes yield on $1.1 billion junk bond sale to 10.5%
British luxury carmaker Aston Martin has increased the yield on offer for its $1.1 billion junk bond sale to around 10.5%, according to a lead manager on the deal, making it one of the highest-yielding bond issues in...
Tatas in talks to buy stake in IndiaMart: Report
Tata Group, India’s conglomerate that sells almost everything from cars to apparel and steel, is seeking to buy Indian online retailers to beef up its presence in e-commerce, people familiar with the matter said. The...
Tata may sell stake in JLR, UK steel plant as talks with British govt fail
With Tata Group’s talks with the British government on a financial rescue package failing, the conglomerate has to look for a strategic partner for Jaguar Land Rover (JLR) and sell its UK steel plant lock, stock, and...