Two U.S. lawmakers expressed serious concern on Tuesday about the effect of a planned merger of college textbook publishers Cengage Learning Holdings II and McGraw-Hill Education Inc, saying the deal would create a new...
MCA panel’s scope on cross-border insolvency gets bigger
Committee to study Uncitral Model Law on ‘enterprise group insolvency’ The scope of work for the committee constituted to recommend rules and regulatory framework for the smooth implementation of cross-border insolvency...
Creditors of KSK Energy Ventures pass a resolution for its liquidation
The Committee of Creditors of independent power company KSK Energy Ventures Limited has recommended liquidation of the company after the failure to secure any resolution plan under the insolvency procedure. During a...
JSW Steel in quandary as Apex Court agrees to hear Bhushan Power promoter’s plea
Bankers agree to return JSW Steel money if it loses the case In a interesting twist, the Supreme Court had accepted the petition filed by Bhushan Power and Steel promoter Sanjay Singal against JSW Steel’s bid to take...
Xerox drawn into duplicative Japanese fight
A company synonymous with copying should expect some duplication. Xerox has become aggressive since pushy investor Carl Icahn arrived on the scene. After rancorously blowing up a deal and ending a 57-year joint venture...
U.S. clears Infineon’s $10 billion takeover of Cypress
The Committee on Foreign Investment in the United States (CFIUS) informed Cypress that it had determined “there are no unresolved national security concerns” with the merger, the San Jose, California-based company said...
Aon buys Willis for $30 billion in world’s largest insurance deal
Aon Plc said on Monday it would buy Willis Towers Watson Plc for nearly $30 billion, in an all-stock deal which will make it the world’s biggest insurance broker and give it more pricing power, but also attract...
Tesco clinches $10-billion Asian sale to Thai billionaire
Tesco agreed to sell its Asian businesses to Thai billionaire Dhanin Chearavanont for more than $10 billion, clinching a record deal in Thailand even as the coronavirus outbreak damps enthusiasm for mergers and...
Agritech startup Clover raises $5.5 mn from Omnivore, Accel
Greenhouse agritech startup Clover has raised over $5.5 million in a Series A funding round, from venture capital (VC) firm Omnivore and existing investors Accel and Mayfield. Clover is an agritech platform that works...
GGV Capital invests in Vedantu
Interactive online tutoring platform Vedantu on Thursday said it has raised $24 million as part of a Series C extension round. The funding round was led by global venture capital firm GGV Capital with participation from...
Home rental startup Nestaway buys ApnaComplex
Home rental startup NestAway Technologies Pvt. Ltd Thursday said it has acquired apartment management platform ApnaComplex to expand its property management business. The company did not disclose financial details of...
Max Estates forms JV with New York Life for Noida realty project
Max Estates, the wholly owned subsidiary of Max Ventures and Industries, has formed a 51:49 joint venture with New York Life Insurance, the largest mutual life Insurance company in the United States, to develop a...
