A few weeks after reports highlighted a possible interest by top holding companies, Publicis and Havas in acquiring a majority stake in the advertising business of Sam Balsara’s independent media agency Group from...
India outbound could be big: JP Morgan sees surge in global M&A ambitions among Indian firms
Echoing this view, Ravi Shankar, JP Morgan’s co-head of investment banking for India and head of the technology, media, telecom (TMT), and consumer & retail verticals, said capital markets are proving to be...
Rs 67,000 crore recovered under IBC in FY25, marking 42% YoY jump
In the financial year 2024-25 (FY25), creditors recovered over ₹67,000 crore from companies undergoing bankruptcy proceedings. This marked the highest-ever annual recovery under India’s Insolvency and Bankruptcy Code...
BPSL liquidation: Returning ₹19,350 crore won’t be enough to compensate JSW Steel
JSW Steel , in its review petition to the Supreme Court, is expected to highlight its financial losses that were borne out of the invalidation of its ₹19,350 crore insolvency resolution plan for Bhushan Power and Steel...
IPO-bound Imarticus Learning acquires edtech firm for $6m
Mumbai-based professional education firm Imarticus Learning has acquired a 100% stake in MyCaptain, an edtech platform, for 50 crore rupees (around US$6 million). This acquisition marks Imarticus Learning’s fourth...
Sun Pharma’s Checkpoint buy: Why it’s a strategic fit in the new SPIL focus
India’s largest drug maker, Sun Pharmaceutical Industries, has completed its acquisition of US-based Checkpoint Therapeutics for approximately $355 million. This strategic move significantly strengthens Sun Pharma’s...
Tenable strategically plans to acquire Apex Security
Tenable has announced plans to acquire Apex Security, a company specialising in securing AI-related risks. This acquisition aims to strengthen Tenable’s ability to help organisations identify and reduce cyber threats...
Omnicom-IPG Merger: What happens to their six creative agencies?
The global advertising world is bracing for seismic shifts as Omnicom Group inches closer to acquiring Interpublic Group (IPG), with the merger expected in the latter half of this year. The deal would consolidate two of...
RPs can now invite interim finance providers to CoC meetings – IBBI Amendments
The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant changes to the corporate insolvency framework by notifying the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for...
Zscaler to boost AI security with Red Canary acquisition
Zscaler is acquiring Red Canary to create an AI-powered security system that detects threats faster and more accurately. Combining Zscaler’s vast data with Red Canary’s threat detection expertise will transform how...
Razorpay completes reverse flip from US to India
Y Combinator and Peak XV-backed fintech unicorn Razorpay has completed its reverse flip process, shifting its parent company’s domicile from the United States to India, documents accessed by Moneycontrol show...
Shell to buy TotalEnergies’ stake in Nigeria deepwater field for $510 million
TotalEnergies has signed an agreement with Shell to sell its 12.5% interest in the Bonga oil field, offshore Nigeria, for $510 million. The OML118 Production Sharing Contract (PSC) is located deep offshore at ~74 mi...
