The proposed transaction would rank among the largest deals in India’s fast-growing smart metering sector and highlights the financial stress at EESL, even as IntelliSmart plays a key role in the country’s $30-billion...
Samsung Life, BNP, Norwest, Prudential Plc eye stake in IndiaFirst Life Insurance
IndiaFirst Life Insurance has drawn interest from Samsung Life Insurance, Prudential Plc, BNP Paribas, and Norwest Venture Partners as existing investor Warburg Pincus explores an exit from its 26% stake, four people...
JBM Group signs exclusivity pact to buy Fortum’s EV charging business in India
Gurugram-headquartered JBM Group has signed an exclusivity agreement to acquire a majority stake in GLIDA, the Indian electric vehicle (EV) charging network of Finnish state-run energy utility Fortum Oyj, two people...
Lease-to-Own Firm FlexShopper Files Bankruptcy After Firing CEO
FlexShopper Inc., a publicly traded provider of lease-to-own financing for appliances, electronics and other consumer products, filed for bankruptcy months after firing its chief executive officer following an internal...
Motilal Oswal Alternates picks minority stake in Sensa Core for $72 mn
Motilal Oswal Alternates has acquired a significant minority stake in medical diagnostic equipment manufacturer Sensa Core for $72 million, the companies announced in a statement on Monday. The investment will enable...
Trump Media, which operates Truth Social, to merge with fusion firm TAE Technologies in $6 billion all-stock deal
Trump Media & Technology Group said on Thursday (December 17) it will merge with nuclear fusion company TAE Technologies in an all-stock transaction valued at more than $6 billion, a surprise move that would make...
Cyient Semiconductors acquires majority stake in Kinetic Technologies for $93 million
Cyient Semiconductors on Wednesday announced the acquisition of a majority stake in Kinetic Technologies for up to $93 million. This strategic move is aimed at strengthening Cyient’s presence in the custom power...
Warner Bros Discovery rejects Paramount’s hostile takeover bid, calls merger with Netflix ‘superior’
Warner Bros Discovery on Wednesday, 17 December, rejected a hostile takeover bid from Paramount, launched last week, which was aimed at derailing plans by streaming giant Netflix to acquire the Hollywood studio and...
Wingify turns to acquisitions to fuel growth after Everstone deal
Digital experience optimization startup Wingify is increasingly turning to acquisitions to drive its next phase of growth. The move, aimed at chasing enterprise customers, signals a strategic shift following private...
ServiceNow in advanced talks to acquire cybersecurity startup Armis for upto $7 billion, says report
After Alphabet and Palo Alto Networks each acquired cybersecurity firms, tech company ServiceNow Inc., is in advanced talks to buy Armis, and Israeli military veterans-run cybersecurity startup for up to $7 billion...
NCLT dismisses RCom plea seeking ₹325-crore refund from Ericsson
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday dismissed Reliance Communications Ltd’s (RCom’s) plea seeking a refund of nearly ₹325 crore from Swedish telecom equipment maker Ericsson...
Mexico Nears Approval of Billionaire’s Bid for Banamex Stake
Mexican financial authorities are close to approving an offer by billionaire Fernando Chico Pardo to buy a 25% stake in Citigroup Inc.’s Mexican retail-banking unit, Banamex, paving the way to list the business as soon...
