Artificial intelligence and analytics firm C5i has acquired UK-based data and AI company Datavid for an undisclosed sum, marking its third acquisition. Sources aware of the deal said the all-cash transaction was valued...
UltraTech to pick up 26% in Sunsure Solarpark Seven
UltraTech Cement will acquire a 26.18% stake in Sunsure Solarpark Seven, a renewable energy generation and transmission company, for up to Rs 19.2 crore, the company said on Wednesday. “The acquisition is for the...
Nazara Technologies to acquire 50% stake in Spain-based Bluetile, BestPlay for $100 million
Gaming and technology firm Nazara Technologies on Wednesday said it will acquire a 50% controlling stake in Spain-based gaming studio Bluetile Games and its in-house engagement platform BestPlay Systems for $100.3...
OpenAI to acquire Astral to power its Codex AI agent
OpenAI, on Thursday, announced that it will acquire Astral, bringing its open source developer tools into its Codex ecosystem. Codex is OpenAI’s cloud-based software engineering agent that can work on multiple tasks in...
Agro insolvencies see surge in deal activity
Strategic buyers and investors are eyeing distressed agro-industries and ancillary companies, attracted by the prospect of acquiring processing facilities, established supply chains, and operating licences at steep...
Encube Ethicals stake sale on hold, IPO likely by 2027
Encube Ethicals has paused plans to sell a majority stake due to a valuation mismatch, said people familiar with the matter. Instead, the company is exploring the possibility of an initial public offering (IPO) by 2027...
Adani Enterprises gets NCLT nod for JAL takeover
The National Company Law Tribunal (NCLT) has approved the acquisition of Jaiprakash Associates Ltd (JAL) by Adani Enterprises, clearing the way for one of the most high-profile resolutions under India’s insolvency...
Tata Steel to merge wholly owned subsidiary NINL, aims to optimise operations
Tata Steel’s board has approved the merger of its wholly owned subsidiary, Neelachal Ispat Nigam (NINL), with the company, as the steelmaker looks to simplify its structure, improve raw material...
Government likely to restart IDBI Bank privatisation process from scratch
The government is likely to restart the IDBI Bank privatisation process de novo, or from scratch, after financial bids received came in below the reserve price and the exercise was called off last week, according to...
Varun Beverages to acquire South African firm Crickley Dairy
Varun Beverages on Tuesday said its South African subsidiary Bevco will acquire Crickley Dairy Proprietary for Rs 131.47 crore. The Beverage Company Proprietary Ltd (Bevco) “has executed an agreement dated March...
WeCP, built by Abhishek Kaushik, gets acquired by Invisible to train AI models
When Invisible Technologies announced this week that it would acquire the technical assessment platform WeCP, the news highlighted a growing shift in the artificial intelligence industry. The platform, founded by Indian...
Mastercard to buy stablecoin infra firm BVNK for up to $1.8 billion
Mastercard said on Tuesday it would buy stablecoin payments infrastructure firm BVNK for up to $1.8 billion, as the card giant deepens its push into blockchain-based transfers. Increasing regulatory clarity and...
