MUMBAI: Torrent Pharmaceuticals Ltd. on Sunday said it has entered into definitive agreements to acquire a controlling stake in JB Chemicals and Pharmaceuticals Ltd. from global investment firm KKR in a deal valued at ₹25,689 crore ($3 billion) on a…
FRANKFURT: BNP Paribas announced Thursday that its Securities Services business has agreed to acquire the custody and depositary bank operations of HSBC Continental Europe S.A. in Germany, pending regulatory approvals. The deal will bolster BNP Paribas’ position as a top custodian…
DETROIT: Altimetrik, an AI, data and digital engineering solutions company, announced Thursday it has signed a definitive agreement to acquire SLK Software, a global technology services firm specializing in AI, intelligent automation and analytics. The deal will enhance Altimetrik’s end-to-end…
“Dow Jones Surges 400 Points as Tech Stocks Rally; Nike Leads Gains” Wall Street shrugged off fresh trade tensions Friday as the S&P 500 and Nasdaq Composite surged to record highs, fueled by optimism over U.S.-China trade progress and expectations…
McGraw Hill, a leading textbook publisher and educational course provider owned by billionaire Tom Gores’ Platinum Equity, filed for an initial public offering (IPO) in the U.S. on Friday, according to a statement. The move comes nearly four years after…
BLOSSBURG: Rytoriacap Inc. (“Rytoria”), a North American leader in circular metal processing and recycling, has acquired ASC Engineered Solutions’ foundry and associated facilities in Blossburg, Pennsylvania, the companies announced Thursday. The sale follows ASC’s effort to find a buyer committed…
Fed eyes summer trajectory as inflation cools, consumption contracts WASHINGTON: Inflation crept higher in May but showed further signs of deceleration, reinforcing expectations that the Federal Reserve may keep interest rates steady in the near term as it assesses the…
LONDON: U.K. vehicle production fell sharply for a fifth consecutive month in May, reaching its lowest level since 1949 outside of the COVID-19 pandemic, as trade pressures and factory changes continued to disrupt the industry, new data showed Friday. The…
SYDNEY: Multistack International Limited (ASX: MSI) announced Friday that it plans to sell all assets and liabilities to Super Link Company Limited, marking an end to its current operations amid ongoing financial challenges. The Australian-based industrial air conditioning firm, which…
LONDON: Technologies New Energy plc (LSE: TNE), a developer of clean energy projects aimed at industrial decarbonization, has appointed Julio Perez as chief executive officer, effective June 27, 2025. Perez brings over 15 years of global investment experience, with a…
LONDON: Hercules plc (AIM: HERC), a UK-based provider of technology-driven labor solutions for the infrastructure and construction sectors, has acquired Advantage NRG Ltd in a deal valued at up to £15.7 million. The acquisition signals Hercules’ strategic entry into the…
KARACHI: Pharaon Investment Group Limited (PIGL), the majority shareholder of Attock Cement Pakistan Ltd. (ACPL), is exploring a potential exit from its stake in the company, drawing attention from multiple strategic investors amid a period of expansion and valuation re-rating…