Keka, a Hyderabad, India-based HR tech platform, has raised $57 million (INR 465 crores) in a Series A funding round from WestBridge Capital, a UK-based capital market company, marking the largest Series A SaaS funding in India. The HR tech start-up will use the proceeds to scale research and development and improve engineering, product, and […]
Adani Ports and Special Economic Zone (APSEZ), an Indian transport utility, has agreed to acquire a 49.38% equity stake in Indian Oiltanking (IOTL) from Oiltanking India GmbH for Rs 1,050 Cr, in a bid to become India’s largest third-party liquid tank storage player. The agreement also facilitates the acquisition of an additional stake of 10% […]
Happiest Minds Technologies, a Mindful IT Company, has partnered with CredQuant Solutions, Singapore’s ESG (Environmental, Social, and Governance) solution provider, to drive ESG transformation in banking, financial services, and insurance (BFSI) space. The partnership is expected to help BFSI customers address ESG Screening, ESG Rating Models, Sustainability Disclosures & Reporting, Impact Reporting and Carbon Footprint […]
Chart Industries, an American plant engineering company, has agreed to acquire Howden, a UK-based application engineering and manufacturing company, from affiliates of KPS Capital Partners for $4.4 billion. Howden provides products and services pertaining to mission critical air and gas handling. It manufactures highly engineered fans, steam turbines, rotary heat exchangers, compressors, and other air […]
The European Commission has launched a full-scale phase 2 investigation to evaluate the previously announced acquisition of Activision Blizzard by Microsoft under the European Union (EU) Merger Regulation. In January 2022, Microsoft signed an all-cash deal to acquire US-based video game publisher Activision Blizzard for $68.7 billion. Read more about Microsoft acquisition of Activision Blizzard […]
Masdar, Infinity Power, and Hassan Allam Utilities, which is the investment and development arm of Hassan Allam Holding, will construct a 10GW wind project in Egypt. Infinity Power is a joint venture between Masdar, a UAE-government owned renewable energy company, and Infinity, which is an Egyptian renewable energy developer. A memorandum of understanding (MoU) was […]
SilverCrest Metals, a Canadian precious metals exploration and production company, has started commercial production at its Las Chispas Mine in Sonora, Mexico. The miner has embarked on commercial production after successfully operating the processing plant at a minimum capacity of 80% for its nameplate design of 1,250 tonnes per day (tpd) or 1,000tpd during the […]
Murray & Roberts, a South Africa-based engineering and mining contractor, has signed a sale and purchase pact to sell Clough Limited to an Italian industrial group Webuild for approximately A$350 million ($225.8 million). Clough is an Australia-based engineering and construction business, which has an order backlog and preferred bids of €4.8 billion and revenues of […]
Tilray Brands, a NASDAQ and TSX-listed pharmaceutical, cannabis-lifestyle, and consumer packaged goods company, has acquired Montauk Brewing Company, a craft brewer in Metro New York. The financial terms of the deal were not disclosed. Through the deal, Tilray Brands will expand and strengthen its footprint in the US. It is expected to scale Tilray Brands’ […]
Volvo Cars will divest its 33% stake in engine maker Aurobay to Geely Holding, a Chinese multinational automotive company, in an effort to become a fully electric car manufacturer by 2030. The financial terms of the deal were not disclosed. The proceeds from the stake sale will be leveraged to convert Volvo Cars into a […]