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...
Medlife, PharmEasy agree to merge; deal may be valued at over $1 bn
E-health companies Medlife and PharmEasy have agreed for a merger, according to the filings submitted by the companies to the Competition Commission of India (CCI). The proposed combination relates to the acquisition of...
Govt keen to speed up stake sale in four PSU banks this fiscal: Report
Prime Minister Narendra Modi’s office has asked officials to speed up the process of trimming government stakes in at least four primarily state-owned banks within the current fiscal year, according to two...
French group Sanofi to buy US firm Principia Biopharma for $3.7 billion
French healthcare company Sanofi SA has agreed to buy U.S. company Principia Biopharma Inc for around $3.7 billion, the companies said on Monday, strengthening Sanofi’s presence in research and development...
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...
Wipro completes acquisition of Brazilian IT firm IVIA Servios for $22.4 mn
Wipro on Saturday said it has completed the acquisition of Brazilian IT firm IVIA Servios de lnformitica Ltda. In July, Wipro announced that it had signed an agreement to acquire IVIA for $22.4 million (about Rs 169...
Sterlite Power offloads 14.7% stake in IndiGrid for Rs 840 crore
Sterlite Power on Friday said it has sold 14.7 per cent stake held in India Grid Trust (IndiGrid) for Rs 840 crore to institutional and high net worth individual (HNI) investors. IndiGrid is India’s...
Videocon lenders to seek better offers before last call on liquidation
The lenders to consumer goods to oil firms, Videocon Industries, have decided to wait to get a better bid for the company before taking a final call on liquidation. The committee of creditors (CoC), which met on Friday...
German group Allgeier SE’s iQuest and Nagarro merge operations in Romania
Digital engineering and technology solutions firm Nagarro and software development company iQuest — both members of the German group Allgeier SE — on Friday announced the merger of their operations in...
Mankind Pharma partners with South Korea’s Daewoong for Covid drug
Delhi-based Mankind Pharma and South Korea’s Daewoong Pharmaceutical company have joined hands to conduct clinical trials of anti-parasitic drug niclosamide for Covid-19. Daewoong’s Indian subsidiary will...
ByteDance in talks with Reliance for investment in TikTok: Report
China’s ByteDance is in early talks with Reliance Industries Ltd for investment in its video-based app TikTok’s business in India, TechCrunch reported on Thursday, citing sources. The two companies began...
Wipro completes acquisition of Belgian firm 4C for 68 million euros
IT major Wipro on Tuesday said it has completed the acquisition of 4C for 68 million euros. In July this year, the Bengaluru-based company had said it will acquire 4C for 68 million euros (about Rs 589 crore). “In...
