M&A
US allegations force TotalEnergies to defer investments in Adani Group
26 Nov 2024
In signs that the US Justice Department’s accusation of corruption by the Adani Group has its intended impact elsewhere
Anglo American sells its entire coking coal business in Australia for $4.9 bn
25 Nov 2024
Anglo American has announced complete divestment of its coking coal business in Australia for $4.9 billion, with the sale of its remaining steelmaking coal business to Peabody Energy for $3.775 billion.
India’s Dhanuka Agritech to acquire two active ingredients from Bayer AG
By Venkatachari Jagannathan | 25 Nov 2024
Listed Indian crop input major the Rs.1,758.54 crore revenue Dhanuka Agritech Limited, on Monday said it has inked an agreement with German major Bayer AG
Adani Infra to acquire 30% stake in PSP Projects for Rs685 crore
22 Nov 2024
Adani Infrastructure has entered into an agreement with PSP Projects, under which Adani will acquire 30.07 per cent equity stake in the diversified construction company for Rs685.36 crore.
ABB buys minority stake in edge-to-cloud solution provider Pratexo
21 Nov 2024
Electrical infrastructure and automation technology provider ABB on Thursday announced a second round of investment in US-based edge-to-cloud software solution provider
Tatas to buy majority stake in Pegatron’s iPhone facility in Tamil Nadu: report
19 Nov 2024
Tata Electronics and Taiwanese electronics manufacturer Pegatron Corporation have, reportedly, reached an agreement under which the Tata Group company
Aditya Birla Group to double cement capacity to 200 million tonnes in 10 years
18 Nov 2024
The Aditya Birla Group is planning to expand its cement production capacity from 150 million tonnes at present to 200 million tonnes over the next 10 years.
CMA CGM seeks data compliance under EU’s new import control system
14 Nov 2024
Shipping giant CMA CGM has asked its customers to be ready with the additional mandatory data required to be provided under the European Unions’ Import Control System 2 (ICS2) regulations
IREL, Kazakhstan’s UKTMP to set up joint venture titanium slag unit in Odisha
05 Nov 2024
IREL (India) Ltd, formerly Indian Rare Earths Limited, has entered into an agreement with Ust-Kamenogorsk Titanium and Magnesium Plant JSC,
Anglo American to sell 33% stake in Australian coal mines for $1.1 billion
05 Nov 2024
British mining multinational Anglo American has agreed to sell its 33.3 per cent stake in joint venture Jellinbah Group Pty Ltd, to Zashvin Pty Limited for A$1.6 billion ($1.1 billion) in cash.
China's Sinopec signs 15-year LNG term contract with TotalEnergies
05 Nov 2024
French oil major TotalEnergies on Monday announced the signing of a long-term LNG supply contract with China’s Sinopec, under which Total will supply Sinopec 2 million tonnes
Reliance-Disney joint venture in India gets EU approval
02 Nov 2024
Star India Private Limited (SIPL), the joint venture of Reliance Industries Limited and Walt Disney
BP buys out partner in solar power venture Lightsource BP
25 Oct 2024
British oil giant BP on Thursday announced the completion of the buyout of its partner in the solar power joint venture Lightsource BP
Merck pays $30 million upfront to acquire cancer therapy developer Modifi Biosciences
24 Oct 2024
US pharma multinational Merck has acquired Modifi Biosciences, a developer of new oncology drug molecules, for $30 million upfront and up to $1.3 billion
Reliance to disrupt the Cola market with `Campa’
23 Oct 2024
Reliance Consumer Products Ltd (RCPL), the consumer goods arm of Reliance Industries, has revived the Campa Cola brand,
Adani acquires Orient Cement for Rs8,100 crore
22 Oct 2024
Adani Group company Ambuja Cements has agreed to acquire 46.8 per cent shares of B K Birla Group’s Orient Cement Ltd (OCL) for Rs8,100 crore.
Adar Poonawala buys 50% stake in Bollywood studio for Rs1,000 cr
21 Oct 2024
Adar Poonawalla, CEO of the world’s largest vaccine maker, Serum Institute of India (SII), has agreed to buy a 50 per cent stake in Bollywood film studio Dharam Productions for Rs1,000 crore.
StanChart India sells Rs4,100-cr personal loan portfolio to Kotak Mahindra Bank
20 Oct 2024
Standard Chartered Bank, India (StanChart) is selling around Rs4,100 crore ($490 million) of outstanding personal loans to Kotak Mahindra Bank Ltd (KMBL).
JSW-JFF venture to buy Thyssenkrupp Electrical Steel India for $482 million
19 Oct 2024
A joint venture of JSW Steel and Japanese steel maker JEF Steel Corp is acquiring the Indian unit of German steel giant Thyssenkrupp for Rs4,051 crore ($482.1 million) in cash
Temasek arm Fullerton to take controlling stake in Lendingkart: report
19 Oct 2024
Fullerton Financial Holdings (FFH), the lending arm of Singapore-based investment fund Temasek, will be raising its holding in fintech start-up Lendingkart
Reliance Brands UK to acquire 51% stake in Mothercare South Asia for $20.8 m
18 Oct 2024
Reliance Brands Holding UK Ltd a wholly-owned subsidiary of Reliance Brands Ltd, the brand acquisition arm of Reliance Industries Ltd
Adani Group in talks to acquire Heidelberg Cement India: report
10 Oct 2024
The Adani Group is reported to be in talks to acquire Heidelberg Cement India Limited, the German group’s Indian cement operations, which has a current valuation of about $1.2 billion.
Chevron Canada to sell assets to Canadian Natural Resources for $6.5 bn
10 Oct 2024
US multinational oil and energy group Chevron Corporation on Tuesday announced plans to sell its Canadian assets in the Athabasca oil sands and Duvernay shale formation to Canadian Natural Resources
Rio Tinto to acquire Arcadium Lithium for $6.7 billion
10 Oct 2024
Rio Tinto, the world’s second-largest metals and mining group, has agreed to acquire smaller peer Arcadium Lithium for $5.85 per share, valuing the company at $6.7 billion, in an all-cash transaction.
Rio Tinto moots acquisition of Arcadium Lithium
07 Oct 2024
British-Australian mining giant Rio Tinto has proposed to acquire lithium miner Arcadium Lithium regarding a potential acquisition of the global supplier of lithium chemical.
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Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation