Appellate Tribunal NCLAT has revived the plea of debt-ridden Infrastructure Leasing & Financial Services (IL&FS) seeking examination of six alleged circuitous lending transactions aggregating Rs 1,080 crore. The...
Economic Times
BPCL agrees to buy Videocon Energy’s stake in BPRL Ventures JV
State-owned Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it has signed definitive agreements to acquire the entire stake held by Videocon Energy Brazil Ltd (VEBL) in IBV Brazil Petroleo Limitada. This will...
Saints & Masters expands multi-cloud play with Xencia acquisition
Technology advisory and execution firm Saints & Masters (S&M) has acquired Bengaluru-based Microsoft solutions partner Xencia Technology to strengthen its multi-cloud capabilities. The deal comprises a mix of...
Property management platform Crib acquires rent financing company CirclePe
Crib, an AI-powered property management platform for co-living spaces, hostels, and PGs has acquired CirclePe, a rent financing company that lets tenants rent without a security deposit and pays operators their rent in...
Rocket Lab buys Iridium in $8 billion deal, to expand beyond launches
Rocket Lab struck an $8 billion deal to acquire satellite communications provider Iridium Communications on Monday, betting that owning everything from rockets to satellite networks will define the next generation of...
Kotak to buy Deutsche’s India retail, wealth business
Kotak Mahindra Bank and Deutsche Bank AG have entered into a definitive agreement under which Kotak will acquire Deutsche Bank’s retail banking, private banking and wealth management business in India, the two...
Schneider Electric signs deal to buy AI software player Cognite for $3.1 billion
Schneider Electric said on Tuesday it had signed an agreement to acquire Cognite Holding, a provider of AI software and industrial data. The French multinational said in a press release it would pay $3.1...
Jana Holdings to pare Jana Bank stake to repay its bond holders
Jana Holdings, the promoter of Jana Small Finance Bank (JSFB), will be looking to lower its stake to just below 10% from the 17% ownership at present to meet its payment obligations to bondholders such as TPG Asia...
UK may intervene in $110 billion Paramount-Warner Bros Discovery deal
Britain said on Tuesday it could intervene in Paramount Skydance Corp’s proposed takeover of Warner Bros Discovery, potentially holding up the $110 billion deal after the U.S. and China gave it the green light...
VMS TMT board clears AUSL merger with company
Steel products manufacturer VMS TMT Ltd on Monday said its board has approved the merger of TMT bars maker Aditya Ultra Steel Ltd (AUSL) with the company. The proposed amalgamation will combine the manufacturing...
Honasa Consumer to buy 58% stake in Fluence Pharma at Rs 135-crore enterprise value
Mamaearth parent Honasa Consumer is acquiring a majority stake in Mumbai-based nutraceuticals brand Fluence Pharma at an enterprise value of ₹135 crore, according to a stock exchange filing. This marks the Gurugram...
MoEngage acquires AI startup Aampe in first acquisition; eyes more deals in US, Europe
Software-as-a-service provider MoEngage has acquired San Francisco-based startup Aampe, which builds autonomous artificial intelligence agents for individual users, marking its first acquisition as the company looks to...
