M&A
French shipping giant CMA CGM to acquire UK logistics firm Wincanton for $700 million
21 Jan 2024
French shipping company CMA CGM has agreed to buy British logistics firm Wincanton for about $700 million in cash that will add warehousing management and grocery to the Marseille-based group's business portfolio.
ABB boosts technology base with 3 new acquisitions in January
20 Jan 2024
Swedish-Swiss multinational ABB has made three major technology acquisitions in January that the company says will cement its capabilities in core business areas such as utility, manufacturing, transportation and infrastructure.
Hyundai India completes acquisition of GM’s Talegaon plant, to invest Rs6,000 cr
20 Jan 2024
Hyundai Motor India Ltd. (HMIL) has completed acquisition of General Motors India’s Talegaon Plant in Maharashtra, after meeting certain conditions and receipt of regulatory approvals from relevant government authorities and stakeholders.
LyondellBasell to acquire 35% of Saudi petrochemical company for $500 m
17 Jan 2024
LyondellBasell, a global leader in petrochemicals, today announced the signing of an agreement to acquire a 35 per cent interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET)
.jpg "Vodafone inks a $1.5 billion deal with Microsoft for AI, cloud, and IoT")
Vodafone inks a $1.5 billion deal with Microsoft for AI, cloud, and IoT
16 Jan 2024
Vodafone has announced a decade-long partnership with Microsoft, aiming to extend generative AI, digital, enterprise, and cloud services to over 300 million businesses and consumers across its European and African markets.
Tata Consumer Products to acquire Capital Foods and Organic India for Rs7,000 cr
15 Jan 2024
Tata Consumer Products, the consumer goods arm of the Tata Group has agreed to acquire 100 per cent shares in Capital Foods, and Organic India for a total consideration of Rs7,000 crore.
Infosys to acquire chip designer InSemi for Rs280 crore
13 Jan 2024
IT services major Infosys on Thursday announced a definitive agreement to acquire InSemi, a leading semiconductor design and embedded services provider for Rs280 crore.
Thomson Reuters proposes a $627 million acquisition of Sweden's Pagero
11 Jan 2024
Thomson Reuters has officially put forward a proposition to acquire Pagero, a Swedish company specializing in e-invoicing and tax solutions. The offered amount stands at a noteworthy 6.4 billion crowns (Krona), translating to approximately $627 million.
.jpg "Accenture Song acquires Work & Co., expanding its digital design capabilities")
Accenture Song acquires Work & Co., expanding its digital design capabilities
10 Jan 2024
In a move to boost its digital design and technology portfolio, Accenture Song, the creative services arm of global consulting powerhouse Accenture, has sealed a deal to acquire Work & Co., a prominent digital design and technology agency based in Brooklyn, N.Y.
Hewlett-Packard Enterprise in advanced talks to acquire Juniper Networks in $13 billion deal
09 Jan 2024
Hewlett-Packard Enterprise (HPE) is currently engaged in discussions to acquire Juniper Networks in a deal estimated at approximately $13 billion, as disclosed by sources on Monday, 8 January 2024.
Gail and Vitol sign 10-year LNG supply contract
08 Jan 2024
Gail (India) Limited and Vitol Asia Pte Ltd on Friday announced the signing of a long term LNG supply contract, under which the Switzerland-based Dutch trading company will supply a million tonnes of LNG
American Tower sells its India business to Canada’s Brookfield in a $2.5 bn deal
05 Jan 2024
American Tower Corp (ATC) has agreed to sell its India operations to Canadian buyout firm Brookfield in a deal worth around Rs21,000 crore ($2.5 billion) in total.
India's fintech sector faced a 63% funding decline in 2023
04 Jan 2024
Amid the funding winter, India’s fintech sector experienced a significant setback, with a 63% decline in fund inflows throughout 2023, according to a report by Tracxn.
Reliance and Disney initiate antitrust diligence for merger in India
04 Jan 2024
Indian business tycoon Mukesh Ambani’s Reliance Industries and global entertainment giant Walt Disney have taken decisive steps towards their proposed merger with the Indian media and entertainment sector.
.jpg "ONGC considers oil as an option to recover $600 million from the Venezuelan dividend")
ONGC considers oil as an option to recover $600 million from the Venezuelan dividend
03 Jan 2024
ONGC Videsh, the overseas investment arm of India’s Oil and Natural Gas Corp., is actively considering alternatives, including the allocation of oil by Venezuela’s state oil company, PdVSA, to reclaim its outstanding $600 million dividend.
Vodafone Idea denies talks with Elon Musk's Starlink; shares dip 5%
02 Jan 2024
In a recent statement, Vodafone Idea, a major Indian telecom operator, clarified that it is not engaged in discussions with Elon Musk’s Starlink for a potential tie-up.
.jpg "ExxonMobil hands over operations of Iraqi oil field to PetroChina")
ExxonMobil hands over operations of Iraqi oil field to PetroChina
02 Jan 2024
US oil giant ExxonMobil has exited the West Qurna 1 oilfield in southern Iraq and handed over its operations to PetroChina as the principal contractor, reports citing an Iraqi deputy oil minister said on Monday.
Bristol Myers Squibb to acquire RayzeBio for $4.1 billion in cash
31 Dec 2023
American multinational pharmaceutical company Bristol Myers Squibb on Tuesday said it would buy RayzeBio for about $4.1 billion to bolster its cancer drug business
AstraZeneca to buy China's Gracell Biotechnologies for $1.2 bn
27 Dec 2023
Anglo-Swedish multinational pharmaceutical and biotechnology company AstraZeneca has agreed to acquire China-based Gracell Biotechnologies Inc, for about $1.2 billion.
.png "Reliance, Disney to consolidate media operations in India")
Reliance, Disney to consolidate media operations in India
26 Dec 2023
Reliance Industries is reported to have signed a non-binding agreement with Walt Disney Company for merger of their media operations in India.
Bristol Myers to buy schizophrenia drugmaker Karuna Therapeutics for $14 bn
26 Dec 2023
Bristol Myers Squibb on Friday agreed to acquire Karuna Therapeutics, a pioneer in schizophrenia drugs, for $330 per share in cash
RBC gets govt nod for $10 bn acquisition of HSBC Canada
23 Dec 2023
The Canadian government on Thursday granted approval for Royal Bank of Canada’s C$13.50 billion ($10.20 billion) acquisition of the Canadian assets of HSBC (HSBC Canada)
Deadline for $10-bn Zee-Sony merger extended by a month
22 Dec 2023
Zee Entertainment Enterprises Ltd (ZEEL) and Sony Group Corporation have arrived at an agreement to extend the deadline for their $10 billion merger bay a month.
Zomato denies an acquisition offer for Shiprocket amidst market speculation
22 Dec 2023
In response to recent reports suggesting a potential $2 billion acquisition offer for delivery platform Shiprocket, Zomato has strongly denied the claims.
Zomato explores a $2 billion acquisition of Shiprocket
21 Dec 2023
In a strategic move, Zomato, the renowned food delivery platform spearheaded by Deepinder Goyal, is eyeing the acquisition of Shiprocket, a prominent e-commerce shipping startup.
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
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
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.jpg "India, Nigeria agree on local currency settlement system")
