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...
eBikeGo acquires Kustard Technologies for EV telematics and fleet management systems
eBikeGo, an electric two-wheeler mobility platform, has acquired tech firm Kustard Technologies, a digital product and innovation studio, for $2 million. Kustard Technologies has registered a growth in three years since...
Siemens inks pact to acquire 26 pc equity in Sunsole Renewables
Siemens Ltd said it has inked an agreement for subscription of 26 per cent paid-up equity share capital of Sunsole Renewables for Rs 1.6 crore. In a regulatory filing the company said that in its continuing efforts to...
ZEE-Invesco case: Bombay High Court to pronounce ruling on Tuesday
The Bombay High Court is slated to pronounce its order in Zee Entertainment Enterprises (ZEEL) legal tangle with its largest institutional investor, Invesco Developing Markets Fund, on Tuesday. Separately, the National...
Reliance deal: Amazon in Supreme Court against Future’s meetings
Following the order by the Singapore arbitration tribunal, which largely goes in its favour, Amazon.com has filed a fresh plea in the Supreme Court against the National Company Law Tribunal’s order which allowed Future...
ZEEL starts due diligence process for merger with Sony Pictures Networks
Zee Entertainment (ZEEL) has commenced the due diligence process for its proposed merger with Sony Pictures Networks India (SPNI), a subsidiary of Japan’s Sony Corp, following a non-binding agreement signed in September...
Bhushan Power & Steel: SBI moves NCLT to initiate CIRP against Singals
The State Bank of India (SBI) has moved a plea in the National Company Law Tribunal (NCLT) seeking to initiate insolvency proceedings against Sanjay Singal and Aarti Singal, the erstwhile promoters of Bhushan Power and...
