A91 Partners has invested ₹300 crore for a 25% stake in Nagpur-based Spacewood Furnishers, a modular furniture manufacturer, marking the private equity firm’s latest bet in the consumer manufacturing segment. The deal...
Mega merger alert: Kimberley-Clark to acquire Kenvue for over $40 billion as Tylenol — What’s inside the deal?
Consumer goods and personal care giant Kimberley-Clark is buying Tylenol-maker Kenvue in a $40 billion deal involving stock and cash, in what can be called a mammoth merger of two consumer health goods companies. The...
NCLAT rejects Glas Trust’s plea opposing Aakash’s EGM
The National Company Law Appellate Tribunal (NCLAT) on Tuesday rejected a plea by US-based Glas Trust challenging Aakash Educational Services Ltd’s 29 October extraordinary general meeting (EGM) to approve a rights...
Govt consolidation blueprint—UBI-BoI merger to create mega bank; Punjab & Sind Bank, BoM privatization on radar
The government is drawing up a fresh blueprint to merge select public sector banks, said three people aware of the matter, as it aims to scale up such lenders and streamline overlapping operations under banking sector...
Why are India’s top conglomerates racing to take over bankrupt Jaiprakash Associates?
Last week the Competition Commission of India (CCI) approved mining major Vedanta’s ₹17,000-crore bid for Jaiprakash Associates Ltd (JAL), the bankrupt flagship entity of Noida’s Jaypee Group. In doing so, it set the...
Indian Oil’s Terra Clean in talks to buy 50% stake in Fourth Partner Energy
Indian Oil Corp., the country’s largest crude oil refiner, plans to acquire a 50% stake in renewable energy firm Fourth Partner Energy Pvt. Ltd (FPEL) through its subsidiary Terra Clean Ltd in a deal with an estimated...
J&J to spin off orthopaedics unit after strong Q3 results, stock falls 1%
Johnson & Johnson (J&J), the global healthcare industry bellwether, announced on Tuesday its plan to separate its orthopaedics division from the main company within the next 18 to 24 months. This major...
Morgan Stanley, MUFG launch $1 billion sale of Vena Energy India
Morgan Stanley and Mitsubishi UFJ Financial Group (MUFG) have begun the sale process for Global Infrastructure Partners (GIP)-owned Vena Global Group Pte Ltd’s Indian renewable energy platform, Vena Energy India, in a...
Real Estate Firm GTC In Talks to Sell Part of German Portfolio
Polish real estate developer Globe Trade Centre SA is in talks to sell part of a German residential portfolio it bought less than a year ago. GTC plans to sell around 45% of the portfolio acquired from Peach Property, a...
MakeMyTrip partners with Google Cloud to enhance AI-powered travel planning
Online travel aggregator MakeMyTrip on Wednesday announced a partnership with Google Cloud to enhance its artificial intelligence (AI) platform Myra. The collaboration aims to simplify and personalise travel planning...
US to Take 10% Stake in Trilogy Metals to Unlock Alaska Mining
The US said it will take a 10% stake in Canadian minerals explorer Trilogy Metals Inc. as part of a $35.6 million investment to secure critical energy and mining projects in Alaska. In an announcement Monday, President...
Veritas-Backed Software Provider Anthology Files for Bankruptcy
Anthology Inc., the Veritas Capital-backed education-software provider, sought Chapter 11 bankruptcy protection in the US after a failed attempt to sell the company or parts of the business outside of court protection...
