Appellate tribunal NCLAT has rejected Equitas Small Finance Bank’s appeal to initiate insolvency proceedings against Jumbo Finvest, upholding a National Company Law Tribunal order in the matter. Earlier, the...
Culver Max insolvency plea against fintech firm: NCLAT quashes NCLT order, directs fresh hearing
In a relief to Culver Max Entertainment (formerly known as Sony Pictures Network India), appellate Tribunal NCLAT has set aside an NCLT order rejecting the insolvency plea filed by the broadcaster against an Odisha...
India’s tech M&As on a three-year high with deal value touching $29 billion
India’s technology mergers and acquisitions hit a three-year high in 2025, with total deal value expected at $26-29 billion, up 30% from $20 billion in 2024, exclusive data shared by EY showed. Deal activity has...
PNB invites bids from ARCs for stressed assets
State-run Punjab National Bank (PNB) has invited offers from asset reconstruction companies (ARCs) to sell bad loans worth Rs 2,560 crore, including exposures of Rs 468 crore to Millennium Expressway, Rs 390 crore to...
Bhilwara Energy signs pact to acquire 76 MW hydro project in Uttarakhand
Diversified LNJ Bhilwara Group on Thursday said it has signed an agreement to acquire a 100 per cent stake in Mandakini Jal Urja, which is constructing a 76 MW hydro project in Uttarakhand, for an undisclosed amount...
Jupiter Hospital, Reliance-backed co in race for Mumbai SevenHills
A Reliance Industries-backed company and Jupiter Hospital are in the fray to acquire the unlisted SevenHills Healthcare, people with knowledge of the matter told ET. The target is a 1,500-bed hospital embroiled in a...
French IT company Atos to sell Latin American businesses to Brazil’s Semantix
French IT company Atos said on Friday it signed a binding agreement to sell its Latin American operations to Brazilian tech company Semantix as part of a broad restructuring plan. The business to be sold employs...
Hillhouse joins Temasek in race for up to 6% stake in Quest Global
Asia-focused private equity firm Hillhouse Investment Management has entered the race to acquire about 6% of Quest Global, the Singapore-headquartered engineering services outsourcing company, at an estimated valuation...
Bharti Enterprises-Warburg to plug into Haier’s India arm
Bharti Enterprises and Warburg Pincus will together buy 49% of Chinese consumer electronics maker Haier’s India arm, the culmination of more than a year of negotiations, as the company steps up to challenge the...
BP to sell 65% stake in Castrol to Stonepeak for $6 billion
BP has agreed to sell a 65% stake in its Castrol lubricants business to U.S. investment firm Stonepeak for about $6 billion, a significant step in the oil major’s $20 billion divestment plan aimed at cutting debt and...
JK Tyre completes Cavendish Industries merger, boosting capacity and product portfolio
JK Tyre & Industries on Tuesday announced the completion of the merger of Cavendish Industries Ltd. (Cavendish), its subsidiary, with JK Tyre & Industries Ltd. Cavendish was acquired by JK Tyre in 2016 from...
CCI okays Blackstone’s proposal to acquire 9.99 pc stake in Federal Bank
Fair trade regulator CCI on Tuesday cleared US-based Blackstone’s proposal to acquire 9.99 per cent stake through warrants in private sector lender Federal Bank. Private equity firm Blackstone is acquiring a stake...
