Fiat Chrysler’s chief executive Michael Manley said on Wednesday that merger talks with Peugeot owner PSA to create the world’s No. 4 carmaker are progressing well and he hopes to have a deal within 12-14 months...
Xerox seeks control of HP Board
Xerox Holdings Corp. is preparing to seek control of HP Inc.’s board after the personal-computer maker rejected efforts to negotiate an acquisition, according to people familiar with the matter. The iconic printer maker...
Uttam Galva counters Deutsche’s $20-million recovery plea at NCLT
Uttam Galva Steel on Tuesday challenged Deutsche Bank‘s application at the National Company Law Tribunal (NCLT) for the recovery of $20 million (Rs 142 crore). The Singapore branch of Deutsche Bank had given a $20...
Bankruptcy board set to tackle group insolvency
India’s bankruptcy regulator is seeking to amend rules to make the Insolvency and Bankruptcy Code (IBC) suitable for handling group insolvency, with accounts such as VideoconNSE -3.51 %, Sachet Infra and Lavasa...
Cairn India hunts for big oil partner via stake sale
The Anil Agarwal-led Vedanta is looking to sell a minority stake in Cairn India to a strategic partner as the diversified oil-to-metals conglomerate looks to cut its mammoth $6.6 billion (Rs 46,500 crore) debt and...
Mastercard swipes right on Pine Labs
Global payments technology giant Mastercard is in talks to invest in India’s largest point-of-sale (PoS) solutions provider Pine Labs as part of a $300 million financing round, said three people aware of the development...
Fujitsu General ends JV structure in India for direct operation, enter new AC segments
Japan-based Fujitsu General, a leading manufacturer of air conditioners and other technology products, prepares for a new growth trajectory in its Indian air-conditioner business with joint venture realignment and entry...
Skylo raises $103 million in round led by SoftBank
Internet of Things (IoT) solutions firm Skylo Technologies, co-founded by Indian-origin entrepreneur Parthsarathi Trivedi, has raised $103 million in a Series B round led by SoftBank Group. The round also saw the...
Allcargo acquires 13% stake in Gati amid family dispute
Allcargo Logistics, a multimodal logistics firm, has acquired around 13% in express logistics firm Gati Ltd, the company said in a statement. “In line with the approval by Gati’s shareholders at the EGM on the 7th...
Adani Capital acquires Essel Finance’s MSME lending business
Adani Capital Pvt. Ltd, the non-banking financial company (NBFC) arm of Adani Group focused on small and micro-entrepreneurs, has acquired Essel Finance’s micro, small and medium enterprises (MSME) loan business...
Dish TV’s Merger Talks With Airtel Digital Stall
Dish TV India Ltd.’s talks to merge with Airtel Digital TV have stalled on differences over the deal’s structure, according to people with knowledge of the matter. Essel Group’s Dish TV has opted to explore a sale of...
UBS sells majority stake in Fondcenter to Deutsche Boerse’s Clearstream
Deutsche Boerse’s Clearstream is buying a majority stake in UBS’s (UBSG.S) fund distribution company Fondcenter for around $400 million, the companies announced on Tuesday. Deutsche Boerse, which is flush with cash, has...
