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Troubled US pharma firm Akorn selling stalled India business

Healthcare

14 July, 2020

Troubled US pharma firm Akorn selling stalled India business

US-based generics company Akorn, Inc., which earlier this year filed for protection from creditors under American bankruptcy law,...

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After buyout by KKR, JB Chemicals snaps up local firm's pharma business

Healthcare

14 July, 2020

After buyout by KKR, JB Chemicals snaps up local firm's pharma business

JB Chemicals & Pharmaceuticals Ltd, in which global private equity giant KKR is set to acquire a controlling stake, has ......

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Once-iconic textile firm enters bankruptcy to weave its way out of crisis

Manufacturing

14 July, 2020

Once-iconic textile firm enters bankruptcy to weave its way out of crisis

A textile company that owns a once-iconic saree brand is the latest to enter bankruptcy proceedings after a Mumbai-based asset...

US hedge fund gets court approval to buy bankrupt Amtek Auto

Manufacturing

11 July, 2020

US hedge fund gets court approval to buy bankrupt Amtek Auto

US-based hedge fund Deccan Value Investors LP has received court approval to buy bankrupt auto component maker Amtek Auto Ltd...

Jet Airways lenders extend bid deadline once again

Infrastructure

10 July, 2020

Jet Airways lenders extend bid deadline once again

Lenders to Jet Airways (India) Ltd have yet again extended the deadline to bid for the bankrupt carrier. The airline’s...

Accel-backed app testing platform BrowserStack snaps up US firm Percy

TMT

10 July, 2020

Accel-backed app testing platform BrowserStack snaps up US firm Percy

BrowserStack Inc., which operates a web and mobile application testing platform, has acquired the United States-based visual testing...

SaaS unicorn Freshworks acquires cloud management platform Flint

TMT

10 July, 2020

SaaS unicorn Freshworks acquires cloud management platform Flint

Software-as-a-services company Freshworks Inc. has acquired cloud management platform Flint, a Singapore- and India-based firm...

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Chennai builder Casagrand's co-promoters to split; Arun MN to buy out partner's stake

Infrastructure

10 July, 2020

Chennai builder Casagrand's co-promoters to split; Arun MN to buy out partner's stake

It will officially be a split-up for the two founders of Chennai-based real estate developer Casagrand in a few months, ......

Mubadala outplays Essar to negotiate with Petrobras for Brazilian refinery

Manufacturing

10 July, 2020

Mubadala outplays Essar to negotiate with Petrobras for Brazilian refinery

Abu Dhabi's investment fund Mubadala Investment Co will enter into exclusive talks with Petrobras to purchase Brazil's...

BP pays Reliance $1 bn to set up petrol station venture

Infrastructure

10 July, 2020

BP pays Reliance $1 bn to set up petrol station venture

BP has paid Reliance Industries $1 billion to set up a joint network of thousands of petrol stations across India ......

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