HCL Technologies announced that it has signed a definitive agreement for the acquisition of Starschema, a leading provider of data engineering services, based in Budapest, Hungary in a $42.5 million deal. The...
Govt to pick up 9.5% stake in Tata Teleservices subsidiary
The Indian government will pick up an unspecified equity stake in Tata Teleservices (TTL) and a 9.5 per cent stake in Tata Teleservices Maharashtra after the firms opted for the government’s relief measure of converting...
AI firm Fractal buys cloud and data player Neal Analytics for unknown sum
Fractal, a global provider of artificial intelligence and advanced analytics announced the acquisition of Neal Analytics, a cloud, data engineering and AI Microsoft Gold consulting partner, for an undisclosed amount...
Supreme Court reserves verdict on pleas of Future group companies
The Supreme Court on Tuesday reserved verdict on a batch of pleas filed by Future group firms against a Delhi High Court order declining stay on an arbitration tribunal decision refusing to interfere with the Emergency...
Reliance Industries should consider de-merger to unlock value
Mukesh Ambani-owned Reliance Industries is rubbing shoulders with the largest global private equity players, who have invested in India over the past few years. With its latest nearly $100 million investment in the...
South Korea’s SsangYong Motor sold for $255 mn to local consortium
A consortium led by South Korean electric carmaker Edison Motors Co has agreed to acquire debt-ridden SsangYong Motor Co Ltd for 305 billion won ($254.65 million), SsangYong Motor said on Monday. SsangYong is burdened...
Reliance to buy control of New York’s Mandarin Oriental hotel for $98 mn
Reliance Industries Ltd is paying nearly $100 million for a controlling stake in Mandarin Oriental New York, a five-star hotel in midtown Manhattan, through the purchase of its Cayman Islands-based parent. Reliance said...
HCL Tech completes acquisition of 51% stake in German IT company GBS
HCL Technologies on Thursday said it has completed the acquisition of a 51 per cent stake in German IT consulting company Gesellschaft fr Banksysteme GmbH (GBS). In December, HCL Technologies had announced that it will...
Atul Jalan-led AI co Algonomy seeks to buy Lankan tech firm Linear Squared
Algonomy, the artificial intelligence company led by serial entrepreneur Atul Jalan, announced its intent to acquire the business of Colombo-based Linear Squared, a cloud-based technology company specialized in building...
NCLAT sets aside NCLT approval of Twin Star’s resolution plan for Videocon
The National Company Law Appellate Tribunal (NCLAT) on Wednesday set aside the Mumbai bench of National Company Law Tribunal (NCLT) order, which had approved the resolution plan of Videocon Group by Vendata’s Twin Star...
Jindal Aluminium acquires Indo Alusys’ extrusion plant for Rs 100 crore
Jindal Aluminium Limited has concluded a Rs 100-crore acquisition of the assets of Indo Alusys Industries Limited (IAIL) and commencement production at the revived Bhiwadi plant. The acquisition of IAIL’s assets...
Bharti Airtel drops plan to merge digital assets into listed arm
India’s second largest mobile service provider Bharti Airtel has shelved plans to amalgamate its digital businesses into the listed entity and demerge its core telecom business into a separate subsidiary. This was...
