Google will buy cybersecurity firm Wiz for USD 32 billion to boost the tech giant’s in-house cloud computing amid burgeoning artificial intelligence growth. The all-cash acquisition announced Tuesday would be...
CCI approves Tata Sons’ acquisition of 10% stake in Tata Play from Temasek
The Competition Commission of India (CCI) has approved Tata Sons’ acquisition of a 10% stake in direct-to-home (DTH) provider Tata Play from Temasek-owned Baytree Investments. Post acquisition, Tata Sons’...
Hindustan Unilever gets CCI nod for Minimalist buy
The Competition Commission of India (CCI) has approved Hindustan Unilever Limited’s (HUL) acquisition of Uprising Science Private Limited, the parent company of the beauty and personal care brand Minimalist. HUL had...
BCCI clears Torrent Group’s 67% stake acquisition in Gujarat Titans from CVC
The Board of Control for Cricket in India (BCCI) has approved Torrent Group’s acquisition of a 67% stake in Indian Premier League (IPL) franchise Gujarat Titans from private equity firm CVC Capital Partners. With...
Norway’s Statkraft looks to sell India assets for $2 billion
Norwegian utility Statkraft hired EY to facilitate the sale of its Indian hydropower and solar power assets at an expected valuation of $2 billion, said people in the know. A formal launch of the sale process could...
Big pharma mergers unlikely in near future: Dr Reddy’s MD GV Prasad
GV Prasad, co-chairman and managing director, Dr Reddy’s Laboratories, says large mergers and acquisitions in the Indian pharmaceutical market are unlikely in the near future due to various uncertainties. With...
Times Music buys Indian regional record labels symphony, ARC
Times Music, a subsidiary of The Times Group, has acquired Indian regional record labels Symphony Recording Co and ARC Musicq. These mark the company’s first acquisitions since its 2023 partnership with Primary...
Patanjali Ayurveda forays into insurance sector, acquires majority stake in Magma General Insurance
Yoga Guru Ramdev-led Patanjali Ayurved and Rajnigandha maker Dharampal Satyapal Group (DS Group) will acquire Magma General Insurance from Sanoti Properties LLP at a valuation of Rs 4,500 crore, a company statement said...
Blackstone to pick up 14.3% stake in Kotle-Patil Developers, makes open offer
Global investment firm Blackstone will acquire a significant stake of 14.3% in Kolte-Patil Developers, a leading listed real estate player based in Pune. The deal, which was approved by Kolte-Patil’s board earlier...
Snapdeal founders Kunal Bahl and Rohit Bansal increase stake in Unicommerce Esolutions
Kunal Bahl and Rohit Bansal, founders of Snapdeal and early-stage venture capital firm Titan Capital, have increased their shareholding in ecommerce software company Unicommerce Esolutions by acquiring additional shares...
Promoter Ajay Singh sells nearly 1% stake in SpiceJet for Rs 52 crore
Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52 crore through an open market transaction. According to the bulk deal data on the BSE...
Murugappa group’s Coromandel International buys controlling stake in Nagarjuna Agrichem
Murugappa Group’s Coromandel International said it has bought a controlling stake in Nagarjuna Agrichem, a producer of active ingredients for crop protection chemicals. ET was the first to report about the deal...
