The National Company Law Appellate Tribunal (NCLAT) has cleared Vedanta’s plan to restructure its power and metal businesses by overturning an order of the National Company Law Tribunal (NCLT) Mumbai bench that had...
Abu Dhabi minerals company buys DR Congo tin mine stake from Denham arm
Abu Dhabi minerals company International Resources Holding has bought a majority stake in a tin mine in the Democratic Republic of Congo, expanding its presence in Africa and underscoring its appetite for high-risk...
Aakash moves NCLT to implead EY, alleges conflict in Byju’s petition
In an impleadment application filed before the National Company Law Tribunal (NCLT), Bengaluru, on June 1, Aakash Educational Services Ltd (AESL) has requested the tribunal to either dismiss the company petition filed...
Mapmygenome goes global, acquires Canada’s Microbiome Insights
The acquisition includes Microbiome Insights’ CAP-accredited Canadian laboratory and rich intellectual property, boosting Mapmygenome’s scientific prowess. Mapmygenome, a Hyderabad-headquartered AI-driven genomic and...
Corporate insolvency cases fall 28% to 724 in FY2025; recoveries still low: ICRA
Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA. As per the ICRA, only 724 companies were admitted...
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Motherson offers to acquire Marelli of Japan
A successful acquisition would mark a significant leap for Motherson, positioning the company among the world’s top automotive parts suppliers. (Source: LinkedIn) Indian auto parts supplier Motherson Group is set...
Aditya Birla ARC leads race for RPower unit
The race for Vidarbha Industries Power (VIPL), a subsidiary of Reliance Power, is heating up with three more companies, including Aditya Birla Asset Reconstruction Company and Reliance Asset Reconstruction Company...
Merger of two Shriram NBFCs likely to be completed by December
To facilitate a hassle-free merger of Shriram City Union Finance (Shriram City) with Shriram Transport Finance (STFC), the former has started a pilot project to train employees to cross-sell STFC products. The project...
Kirloskar Ferrous Industries to acquire 51.25% stake in Indian Seamless Metal Tubes
Castings and pig iron manufacturer, Kirloskar Ferrous Industries, is acquiring a majority stake (51.25%) in Indian Seamless Metal Tubes (ISMT) through a preferential allotment and sole control over ISMT. Kirloskar...
BPCL deal unlikely before March-end, govt could miss disinvestment target: Finance secretary TV Somanathan
With the privatisation of BPCL delayed, the government could miss the ambitious Rs 1.75-lakh-crore disinvestment target for the current fiscal, finance secretary TV Somanathan said on Thursday. “There is a good chance...
MedGenome Labs acquires Trident Diagnostics to provide integrated tests to clinicians and patients
MedGenome Labs, a leading genetic diagnostics and research company in South Asia, has acquired Trident Diagnostics and Healthcare Pvt Ltd, a diagnostics and radiology healthcare centre based in Bengaluru to provide...
L&T Tech Services looks to buy companies in North America, Europe
L&T Technology Services (LTTS), a subsidiary of Larsen & Toubro (L&T), is scouting to acquire companies in North America and Europe, with ticket size of $50-75 million, to augment its offshore presence. The...
