Bank of India has initiated insolvency proceedings against Kolkata-based commercial equipment manufacturer TIL (Tractors India) to recover its dues as previous recovery efforts have failed, people familiar with the...
Deere invests billions in self-driving tractors, Smart Crop Sprayers
For decades, Deere & Co. has dominated the hardware that powers the American farm industry with tractors, harvesters and other machinery used to plant seeds and reap crops. Now, Deere aims to extend its dominance to...
Escorts forms JV with Japan co for tractors
Escorts has formed a joint venture (JV) with Japan’s Kubota Corporation to produce high end tractors for domestic as well as overseas markets, the engineering and farm equipment maker announced on Monday. The JV —...
Yanmar buys Blackstone’s 18% stake in International Tractors
Japan’s Yanmar has agreed to buy 18% stake in International Tractors, makers of Sonalika branded tractors, for about Rs 1,600 crore, increasing the Tokyo-based firm’s stake to 30%, in one of the largest foreign...
M&M, Tafe eye Actis’ 29% in Punjab Tractors
M&M, Tafe eye Actis’ 29% in Punjab Tractors Tractor companies Mahindra & Mahindra (M&M) and Tafe are interested in buying private equity fund Actis’ 29% stake in Punjab Tractors (PTL)...
Actis initiates talks to offload its stake in Punjab Tractors
Actis initiates talks to offload its stake in Punjab Tractors UK-based private equity firm Actis is learnt to be looking for an exit option for its stake in Punjab Tractors Ltd. According to industry sources, financial...
NARCL makes binding bid for Essel Infra’s road project debt
The National Asset Reconstruction Company of India (NARCL) has given a binding offer to lenders to acquire ₹988-crore debt of a road project awarded to Subhash Chandra’s Essel Infraprojects in Ludhiana, said...
Gainwell Group acquires TIL Limited, invest Rs 1000 crore for expansion
Gainwell Group, India dealer of Caterpillar heavy equipment, acquired TIL Ltd (formerly Tractors India) and infused Rs 120 crore into the Kolkata-based construction equipment maker that includes Rs 70 crore for...
Canadian logistics firm TFI International to buy Daseke in $1.1 bln deal
Canadian logistics company TFI International said it would buy Daseke, an operator of flatbed and specialized trailers, in a $1.1 billion deal, including debt, to scale up its truckload business. TFI agreed to pay $8.30...
Bridgepoint explores sale of Humanetics Group for $1.5 billion, sources say
Private equity firm Bridgepoint Group Plc is exploring a sale of Humanetics Group that could value the safety systems technology provider at about $1.5 billion, including debt, according to people familiar with the...
NCLAT reviewing dismissal of Simplex insolvency case
The principal bench of the National Company Law Appellate Tribunal (NCLAT) is reviewing an order by a lower court that had dismissed a plea by the Central Bank of India to commence bankruptcy proceedings against Kolkata...
NHPC eyes IPO, stake sale of clean energy arm
State-run NHPC Ltd plans to take its clean energy subsidiary NHPC Renewable Energy Ltd (NREL) public or sell its stake to strategic investors through private placements in two-three years, Rajendra Prasad Goyal...