In a rare move, NCLT has recalled and set aside its own order directing insolvency proceedings against realty firm Logix Infrastructure in July 2023, saying the plea was initiated with “fraudulent and mala fide...
Cube Highways InvIT buys 2 road assets of NIIF
Cube Highways Trust, the InvIT managed by Cube Highways Fund Advisors, has acquired 2 road assets from the Government owned National Investment and Infrastructure Fund Limited (NIIF), according to a Cube Highways...
Motherson forms JV with Japan’s Sanko for sustainable packaging solutions
Auto components major Motherson on Friday said it has entered into a joint venture with Japan’s Sanko, a player in material handling sector to provide sustainable packaging solutions in India and Europe. The joint...
Perfios acquires fraud detection platform Clari5
Perfios, a provider of software services to banks and other financial services companies, acquired CustomerXPs, which operates fraud detection platform Clari5. Perfios did not disclose any financial terms. Perfios chief...
Phenom acquires EDGE, strengthening its AI-powered resource planning solutions for the GCC market
Phenom, an AI company specializing in HR has acquired EDGE, a resource management and talent mobility platform. The acquisition of the Bengaluru-based company strengthens Phenom’s workforce intelligence solutions for...
Escrow deadlock stalls Reliance Capital deal, IIHL seeks NCLT guidance
A deadlock over escrow agreements between Anil Ambani-promoted Reliance Capital’s creditors and IndusInd International Holdings Ltd (IIHL) lenders has stalled the final Rs 4,300-crore funding required to complete the...
Agro Tech completes acquisition of Del Monte
Agro Tech Foods Limited (ATFL) has completed its acquisition of Del Monte Foods Pvt Ltd (DMFPL), it said in a stock exchange filing Thursday. ATFL and DMFPL had a combined turnover of Rs 1,300 crore in FY24, about 40%...
Warner Music acquires controlling stake in Tempo Music from Providence Equity
Warner Music Group (WMG) has acquired a controlling stake in Tempo Music Investments, an investment platform for premium music rights, from Providence Equity Partners, which will remain a minority investor in Tempo and...
Nissan board agrees to scrap USD 60 billion Honda merger talks: Source
Nissan is set to call off merger talks with rival Honda, a source said on Wednesday, abandoning a USD 60 billion plus tie-up that would have created the world’s no.3 automaker and raising questions about how it...
Govt rethinking disinvestment plan? Finance Minister Nirmala Sitharaman sets the record straight
After presenting the Union Budget on February 1, Finance Minister Nirmala Sitharaman has revealed where the government’s priorities lies when it comes to disinvestment and privatisation plans. “On...
CCI clears deal involving two POSCO Group entities
The antitrust regulator has approved a POSCO Holdings subsidiary’s acquisition of the entire stake of LX International Corporation in another arm of the steel giant. The acquisition, analysts have said, is aimed at...
Three bidders in fray to acquire Morarjee Textiles
Ashok Piramal Group’s Morarjee Textiles has received three bids to take over the company in a court monitored bankruptcy process, people familiar with the details said. Morarjee owes creditors, led by Indian Bank...
