State-run energy major ONGC plans to tie up with French giant TotalEnergies for exploration and production of oil and gas in the Andaman islands, said Sushma Rawat, director, exploration at ONGC Ltd. In an interview...
Crypto lending unit of Genesis files for US bankruptcy
The lending unit of crypto firm Genesis filed for U.S. bankruptcy protection on Thursday, owing creditors at least $3.4 billion, after being toppled by a market rout along with the likes of exchange FTX and lender...
NCLAT sets aside NCLT order permitting rival Shyam Sel to submit revised bid for Mittal Corp
Insolvency appellate tribunal NCLAT on 18 January allowed Jindal Stainless’ appeal and set aside the NCLT order that permitted rival Shyam Sel and Power Ltd to submit a revised resolution plan for the debt-ridden...
With $1 billion, Apax leads in race for Quest Global stake
Private equity firm Apax Partners has emerged as the frontrunner to acquire a stake in engineering services provider Quest Global Services Pte Ltd, two people with knowledge of the development said. Apax Partners is...
Finolex may hive off divisions into separate entities in future
Finolex Cables, one of India’s oldest electrical and telecom cable makers, plans to expand into consumer electrical and telecommunications, aiming to double revenue in the coming years. In an interview, executive...
Novelic buyout is a smart move for Sona BLW
Investors have cheered the entry of Sona BLW Precision Forgings Ltd into the sensor and software business. The auto component manufacturer plans to acquire a 54% stake in Novelic, a Serbian company focussing on...
Everstone Capital, Goldman Sachs acquire Cprime
Everstone Group’s private equity arm Everstone Capital, along with Goldman Sachs Asset Management, has acquired Cprime, an information technology services management company. Financial details of the transaction weren’t...
Tata Motors acquires Ford India’s manufacturing unit in Gujarat
Tata Motors has completed the acquisition of Ford India’s manufacturing plant at Sanand through its subsidiary, the company informed on Tuesday. Last year, the company informed about the acquisition noting Tata...
Adani-led group completes purchase of Israel’s Haifa Port
A consortium led by Adani Group has completed the purchase of Haifa Port in northern Israel for 4 billion shekels ($1.15 billion), Israel’s Finance Ministry said on Tuesday. The sale of one Israel’s main...
Ghodawat Consumer buys packaged foods brand To Be Honest
Ghodawat Consumer Ltd., the consumer goods arm of Sanjay Ghodawat Group that retails home and personal care products, staples, and snacks, has acquired packaged foods brand, To Be Honest, to strengthen its premium...
Early backers in talks to sell stakes in Byju’s
Byju’s early investors, including Lightspeed Investment Partners and Chan Zuckerberg, are seeking buyers for their partial or full stakes in the edtech company as they look to book profit, four people with direct...
NCLT admits insolvency plea against Future Supply Chain Solution
The National Company Law Tribunal (NCLT) on Friday admitted the insolvency plea filed against Future Supply Chain Solutions Ltd (FSCSL). Future Supply Chain Solutions Ltd (FSCSL), a part of Future Group firm, in a...
