MELBOURNE: Australian steelmaker BlueScope announced Thursday it has agreed to sell its 50% stake in the Tata BlueScope Steel (TBSL) joint venture to its partner, Tata Steel. The companies formed TBSL in 2005, building it into a leading supplier of coated and painted steel products for India’s building and construction sectors. In a statement, BlueScope…
Tag: India
Findi secures new funding, acquires Sphere, and sets FY26 targets ahead of Indian IPO
SYDNEY: Australian digital payments firm Findi Ltd said on Tuesday it has arranged a new A$30 million ($19.5 million) debt facility, agreed to acquire technology firm Sphere, and provided financial guidance for fiscal 2026, as it prepares for a planned Indian initial public offering. The new funding will replace an existing A$9.5 million facility and…
Pluxee to acquire ProEves, the leading corporate childcare benefit player in India
PARIS: Pluxee, a global player in employee benefits and engagement, signed an agreement to acquire 100% of ProEves, an Indian corporate childcare benefit player. With this acquisition, Pluxee will continue to deliver on its strategic growth plan, enhancing its multi-benefit offering in this market. With over 3.5 million consumers in India, Pluxee is a leader…
MTI Wireless Edge reports strong H1 2025 performance, driven by defence and 5G growth
The company posted an 8% rise in revenue to $24.1 million, up from $22.3 million in H1 2024 LONDON: MTI Wireless Edge Ltd (AIM: MWE), a leading provider of communication and radio frequency solutions, reported robust financial results for the six months ended June 30, 2025, with growth across all core divisions. The company posted…
CIRCOR International to acquire Indian pump manufacturers Swelore and Hiro Nisha
BURLINGTON: CIRCOR International, Inc., a global manufacturer of flow control products and a KKR portfolio company, announced today that it has signed a definitive agreement to acquire Swelore Engineering Pvt. Ltd. and Hiro Nisha Systems Pvt. Ltd., two prominent Indian pump manufacturers. The acquisition aims to expand CIRCOR’s industrial product portfolio and strengthen its presence…
Pensana signs rare earth offtake MoU with Toyota Tsusho
LONDON: Pensana PLC (LSE: PRE) announced Thursday it has signed a non-binding memorandum of understanding with Japan’s Toyota Tsusho Corporation for a rare earth offtake agreement, marking a key step in establishing a new sustainable supply chain. Under the proposed terms, Toyota Tsusho could purchase up to 20,000 metric tons per year of ultra-clean mixed…
Apple shifts production: iPhone shipments from India to U.S. surge amid trade tensions
Apple’s shipments of iPhones from India to the U.S. surged 76% year-on-year in April, reaching around 3 million units, while shipments from China plummeted 76% to 900,000. According to Omdia, this shift reflects Apple’s aggressive adaptation to U.S. tariffs on Chinese goods. Research manager Le Xuan Chiew noted that Apple’s India expansion began during the…
Eurobank and LTIMindtree launch global delivery center in India
ATHENS: Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., has announced a multi-year partnership with global technology consulting and digital solutions company LTIMindtree. The collaboration aims to enhance customer experience by improving banking operations and developing innovative IT services for Eurobank and its subsidiaries. Facilitated by Fairfax Digital Services, the partnership includes…
TotalEnergies to deliver a total of 1.3 million tons LNG to India and South Korea
PARIS: In line with its strategy to grow its liquefied natural gas (LNG) business, TotalEnergies (NYSE:TTE) announced the signing of two new LNG medium- and long-term contracts in Asia: These agreements allow TotalEnergies to secure medium-term outlets for its global LNG supply portfolio. They also strengthen the Company’s footprint in Asian markets, where it is…
Tech Data Capital to launch in Singapore, India, and Australia
Tech Data, a TD SYNNEX Company, has announced the launch of Tech Data Capital in key Asia Pacific markets. This initiative, which follows successful introductions in North America and Europe, is set to debut in Singapore, Australia, and India, providing tailored financing solutions in collaboration with select financial institutions. The launch of Tech Data Capital…
Epsilon Advanced Materials acquires German cathode technology center
Epsilon Advanced Materials (EAM), a global EV battery materials provider, has acquired a cathode active material technology center in Moosburg, Germany, from Johnson Matthey. The center specializes in producing lithium-ion phosphate (LFP) and lithium manganese iron phosphate (LMFP) cathode materials, which are safer, cheaper, and more durable than other types of cathode materials. With this…
IMCD N.V. has acquired 70% of Valuetree Ingredients Private Limited
ROTTERDAM: IMCD N.V. announced the acquisition of 70% of Valuetree Ingredients Private Limited to expand its beauty and personal care footprint in India. Founded in 2005, Valuetree, is a prominent ingredient supplier to the beauty and personal care market. It provides an extensive portfolio of specialty ingredients and through an in-house application laboratory, offers formulation…