India’s Shriram Finance shareholders voted in favour of three proposals linked to the non-bank lender’s deal with Japanese investment bank MUFG signed last month, two sources with direct knowledge of the...
Saks Global files for bankruptcy due to heavy debt load months after Neiman Marcus takeover
Saks Global, a US luxury retail group, filed for bankruptcy protection late on Tuesday (January 13, 2026). The high-end department store conglomerate struggled with a substantial debt load due to multiple reasons...
OpenAI acquires healthcare startup Torch, deal pegged at $100 million
OpenAI on Monday announced that it has acquired healthtech startup Torch as part of its strategic push into artificial intelligence (AI)-powered healthcare tools. The deal is valued at about $100 million in equity...
L&T to acquire Sapura’s 40% stake in offshore shipping JV for Rs 122.4 crore
Engineering major Larsen & Toubro (L&T) on Monday said it will acquire the remaining 40% stake in L&T Sapura Shipping Private Limited (LTSSPL) from Sapura Nautical Power Pte Ltd for Rs 122.4 crore, making...
RedTape founders seek stake sale, eye Blackstone and KKR interest
Indian footwear firm RedTape’s founders are soliciting interest from Blackstone and KKR as they look to sell a majority stake or even their entire holding worth nearly $510 million, according to sources and a...
Uday Kotak’s family office acquires US snack brand Go Raw
USK Capital, the family office of billionaire banker Uday Kotak, on Tuesday acquired a US-based snacking brand, Go Raw. USK Capital has made the bet through the overseas direct investment route, which is its maiden...
Apollo Hospitals demerger is a biz call taken for shareholders, says Suneeta Reddy; rules out family rift
Apollo Hospitals Enterprise’s ongoing restructuring to spin off its pharmacy and digital health business was a purely board-driven decision to sharpen strategic focus and create shareholder value, Suneeta Reddy...
Ykone, BarCode, Mirror Mirror merge to form integrated group One
Global influencer marketing company Ykone has merged with Paris-based creative production house Mirror Mirror to form a new integrated group called One, strengthening its creative, technology and media capabilities, the...
NIIF, KKR, Sembcorp vie to acquire Shell’s Sprng Energy in one of India’s biggest renewable M&A deals
India’s National Investment and Infrastructure Fund (NIIF), KKR and Sembcorp are locked in a tight race to acquire renewable energy supplier Sprng Energy from oil major Shell Plc, according to people in the know. Shell...
Xponentia buys stake in travel services company ASEGO
ASEGO Global Assistance, which provides travel assistance and insurance solutions, has sold a significant minority stake to mid-market private equity firm Xponentia Capital, the company said. People familiar with the...
Thyssenkrupp weighs phased sale of TKSE to Jindal Steel International, sources say
Germany’s Thyssenkrupp could sell its steel division to India’s Jindal Steel International in several steps, four people familiar with the talks said, as the two sides try to strike a deal for the complex...
CCI okays Nippon Steel’s proposal to acquire 53.4% stake in Krosaki Harima Corp
The Competition Commission of India (CCI) on Tuesday approved Japanese steelmaker Nippon Steel Corporation’s proposal to acquire the remaining 53.4 per cent stake in Krosaki Harima Corporation. Nippon Steel holds...
