Budget carrier SpiceJet is facing fresh insolvency proceedings, this time from Indonesia’s PT BBN Airlines over unpaid lease rentals totalling $5.94 million. The National Company Law Tribunal (NCLT), Delhi bench, heard...
FCC’s Carr Threatens to Block M&A for Companies With DEI
The US Federal Communications Commission is prepared to block mergers and acquisition proposals from companies that promote “invidious” DEI policies, according to chairman Brendan Carr. The move could threaten billions...
PayU buys 43.5% stake in payment technology firm Mindgate Solutions for undisclosed sum
PayU, the payment and fintech arm of Amsterdam-based investment firm Prosus, has acquired a 43.5% stake in Mumbai-based Mindgate Solutions for an undisclosed sum. Founders of Mindgate, which offers real-time payment...
Liqvd Asia acquires AdLift for ₹50 crore to strengthen digital marketing play
Digital-first advertising agency Liqvd Asia has acquired performance marketing and SEO agency AdLift for ₹50 crore in a two-phase deal, structured in two parts with a maximum 18-month gap between the tranches. The...
Adani Ent rides AI wave, hikes stake by 23% to complete 100% acquisition of Parserlabs India
Adani Enterprises completed the acquisition of Parserlabs India on Thursday, March 20, after Sirius Digitech Limited, a joint venture of Adani Global Limited, Mauritius, acquired the remaining 22.5 per cent stake in the...
NCLAT junks bankruptcy case against Essar Oil and Gas Exploration
The National Company Law Appellate Tribunal (NCLAT) has set aside the bankruptcy case against Essar Oil and Gas Exploration and Production Ltd (EOGEPL), a subsidiary of Essar Group. An NCLAT bench led by chairperson...
Alphabet to acquire cloud-security firm Wiz for $33 billion amid rising competition from Microsoft and Amazon
Alphabet Inc. is in talks to purchase cloud security company Wiz Inc. for $33 billion, restarting discussions that were called off last summer after extended negotiations, according to people familiar with the matter...
Supertails eyes Blue 7 Vets acquisition to expand offline pet care footprint
Pet care startup Supertails is in talks to acquire Blue 7 Vets, a multispecialty veterinary clinic, as part of its strategy to expand its offline presence, two people familiar with the matter told Mint. “Supertails is...
Couche-Tard Rules Out Hostile Takeover on Japan’s Seven & i
Canadian convenience store and gas station operator Alimentation Couche-Tard Inc. said it won’t go hostile in its attempt to acquire long-time rival Seven & i Holdings Co. Couche-Tard’s top executives are in Tokyo...
Warburg Pincus, KKR Consortium in Talks to Buy Gerresheimer
A consortium consisting of Warburg Pincus and KKR & Co. are in talks to acquire Gerresheimer AG, the German maker of packaging for drugs and cosmetics, according to people familiar with the matter. The private...
Uber Terminates Deal to Buy Delivery Hero’s Taiwan Business
Uber Technologies Inc. has terminated its deal to acquire Delivery Hero SE’s Foodpanda business in Taiwan, after the island’s antitrust regulator rejected it in December. Uber is required to pay a termination fee that...
SRF acquires Kanpur Plastipack’s CPP business to bolster offerings
SRF Ltd will enter into the cast polypropylene (CPP) film business by acquiring the entire plant and machinery from Kanpur Plastipack Ltd (KPL) for ₹49.25 crore, the company said in a stock exchange filing on Tuesday...
