Motorola Solutions Inc. is in advanced talks to acquire closely held wireless-radio maker Silvus Technologies for around $4.5 billion, according to people familiar with the matter. The companies could announce a deal...
Bajaj Group get CCI’s nod to acquire Allianz’s 26 pc stake in insurance JVs for Rs 24,180 cr
The Competition Commission of India (CCI) on Tuesday said it has approved Bajaj Group’s plan to acquire Allianz SE’s 26% stake in its life and general insurance ventures for a total consideration of Rs...
Renault Group seeks CCI nod to buy out remaining 51% stake in Indian joint venture
French auto major Renault group has sought approval from fair trade regulator CCI to buy out its Japanese partner Nissan’s remaining 51 per cent stake in their Indian manufacturing joint venture — Renault...
CCI okays Temasek Holdings minority stake purchase in Haldiram Snacks Food
The Competition Commission of India on Tuesday approved Singapore’s Temasek Holdings proposed acquisition of a minority stake in Haldiram Snacks Food. Temasek Holdings through its arm Jongsong Investments Pte is...
CCI nod only after CoC: Govt working on amendments to insolvency law
The government may amend the insolvency law to stipulate that a resolution plan will require the Competition Commission of India’s (CCI’s) approval only after it’s endorsed by the committee of creditors (CoC) and not...
Nazara Technologies acquires UK’s console gaming publisher Curve Games for Rs 247 crore
Online gaming company Nazara Technologies has acquired UK-based PC and console game publisher Curve Games for Rs 247 crore (£21.7 million), marking its biggest international acquisition to date as it seeks to strengthen...
Intel explores sale of networking and edge unit: Sources
Intel has considered divesting its network and edge businesses as the chipmaker looks to shave off parts of the company its new chief executive does not see as crucial, three sources familiar with the matter said. Talks...
InsuranceDekho set to merge with RenewBuy
In a move that signals further consolidation in the insurance distribution landscape, two distributors-InsuranceDekho and RenewBuy-have signed merger documents through a share swap that will value the merged entity at...
Serentica, BlackRock, Sembcorp lead the race to buy Statkraft India
KKR-backed Serentica Renewables, BlackRock and Sembcorp are leading the race to acquire Statkraft’s Indian arm that the Norwegian state-owned company put on the block, according to people aware of the matter. The...
Amazon India board clears merger of logistics arm with marketplace entity
Amazon Transportation Services (ATS), the American ecommerce giant’s Indian logistics arm, is merging with Amazon Seller Services, the primary marketplace entity in India, according to a board approval document filed by...
Capillary Tech buys assets of customer loyalty services firm Kognitiv
Bengaluru-based Capillary Technologies, which provides customer engagement and loyalty software services, said that it acquired certain assets of Kognitiv, a Canadian company that helps clients manage their customer...
NCLT adjourns hearing on Bhushan Power & Steel’s promoter plea for a month
The NCLT on Tuesday adjourned its hearing over a petition filed by Sanjay Singhal, former promoter of debt-ridden Bhushan Power & Steel Ltd (BPSL), to June 26. Singhal has approached the National Company Law...
