The demerger of two businesses of Allcargo Logistics Ltd into separate listed entities will enable the logistics-focused group to pursue an asset-light model for its core business while allowing the demerged entities to...
Tata Elxsi teams up with Lenovo to offer XR solutions to businesses
Tata Elxsi, which provides technology consulting, product design and development services to organisations globally has teamed up with PC maker Lenovo, to deliver smart extended reality (XR) solutions to businesses. XR...
Gautam Adani to buy stake in Air Works Group: Report
The Adani Group is looking to invest in India’s largest independent aircraft maintenance, repair and overhaul (MRO) organisation, Indian Express reported. In addition to over a dozen foreign airlines including...
US-based Southco acquires Darshana Industries for $50 mn
US-based Southco, owned by Touchpoint Inc, has acquired Pune-based manufacturer Darshana Industries Pvt. Ltd, the company said on Friday. According to a person familiar with the deal, the acquisition was sized at $50...
Gail open to buying Russian oil and gas assets: Chairman
Government-owned Gail is open to buying Russian oil and gas assets rejected by the major Western economies after the Kremlin’s invasion of Ukraine. Gail has recorded strong earnings for the quarter ending March...
Siemens Board Okays Large Drives Applications Biz Sale To Siemens Ag Arm
Siemens Ltd.’s Board has approved the sale of large drives applications business to a subsidiary of Siemens AG for ₹440 crore. “Following a valuation done by an external independent valuer, the LDA business was...
Adani Enterprises to acquire 50% stake in General Aeronautics
Adani Enterprises, through its subsidiary Adani Defence Systems and Technologies Ltd, signed an agreement on Friday to acquire 50% stake in drone firm General Aeronautics Pvt Ltd. Adani Defence Systems and Technologies...
EY considering spinoff of audit operations in big shake-up: Report
Ernst & Young (EY) is considering a split of its audit and advisory operations worldwide, Financial Times reported, citing people with familiar knowledge of the plans of the Big Four accounting firm. A spinoff, if...
Bharti Airtel stake sale talks ‘market speculation’, says Singtel
Singtel dubbed reports of selling stake in Bharti Airtel as ‘market speculation’ on its intention to sell 1-2% of its stake in the Indian telecom major for around $1-2 billion. “We would like to make...
Shell in talks with Indian consortium to sell Russian LNG plant stake: Report
Shell is in talks with a consortium of Indian energy companies to sell its stake in a major liquefied natural gas plant in Russia which the British company abandoned following Moscow’s invasion of Ukraine, three...
Emiza Supply Chain Services raises ₹37.5 cr led by JM Financial Private Equity
Mumbai-based warehousing and fulfilment services provider Emiza Supply Chain Services Pvt. Ltd raised Rs37.5 crore in a Series B funding round. The funding round was led by JM Financial Private Equity, among others. The...
Shopse Raises $6.1 Mn From Beenext, Chiratae, White Venture Capital
ShopSe, the instant no-cost EMI digital platform, has raised $6.1 million as a part of its strategic series A funding from investors such as BeeNext, Chiratae Ventures, and White Venture Capital, a fund backed by Amrish...
