Narayana Health (NH) is acquiring 100% equity shares of Practice Plus Group Hospitals Limited(PP), a Company incorporated in the United Kingdom. Founded in 1997, PP is an operator of hospitals in the United Kingdom. It has 7 hospitals, 3 Surgical Centers, 2 Urgent Treatment Centers, 3 Musculoskeletal/Diagnostic Centers, 1 Ophthalmology Center with 330 bed capacity. … Read more
The Company has signed a MOU with Germany-based NEURA Robotics GmbH to jointly develop and industrialise advanced robotics and humanoid technologies. The tie up targets to leverage upon Sona’s precision engineering and manufacturing capabilities, and NEURA’s expertise in cognitive robotics. NEURA was founded in 2019, and is focused on Cognitive Robotics Last it raised $130 … Read more
Enzeme Biosciences is a biotech subsidiary of Alkem. It has announced a new manufacturing facility in the US with an investment of $70 million. The decision also aligns with President Trump’s call asking pharma companies to boost local manufacturing and generating employment. At present, Enzene has hired 50 people and aims to take a total … Read more
Paytm Payments Services Ltd (PPSL) is a subsidiary of One97 Communications Ltd (OCL), the parent of Paytm. PPSL has been awaiting regulator nod to offer Payment Aggregator (PA) services since 2020. RBI had rejected its payment aggregator licence application in November 2022, instructing the company to reapply with compliance under foreign direct investment (FDI) norms. … Read more
Tata Motors (TML) has offered to acquire 100% of Iveco Group N.V. Iveco officially came into existence on January 1, 2022, after splitting from CNH Industrial. Although it is incorporated as a Dutch company with its legal seat in Amsterdam, its core operations are based in Turin, Italy, where its headquarters are situated. Iveco Group’s … Read more
Founded in 1907 and headquartered in Dubai, Damas is among the oldest and most prominent Jewellery retailers in the Middle East, with a store network of 146 outlets across the GCC. Titan is acquiring 67% of Damas from Mannai Corporation QPSC, Qatar (Mannai) at an Enterprise Value of AED 1038 mn (approx $280 mn). The … Read more
As per newspaper reports, Sona being India’s biggest importer of rare earth magnets, plans to locally manufacture the critical components used in electric vehicles, tapping into the government push to incentivize their production at home as China restricts their exports. (China, which produces around 90 per cent of the world’s rare earth magnets, put restrictions … Read more
Prestige Estates Projects (PEPL), one of India’s top five real estate developers, is looking to offer more entertainment and dining spaces in malls while cutting back on apparel retailers. 40% of mall space is targeted towards entertainment and restaurants vs 15-20% currently. Company operates four malls at present. By 2030, it plans to grow to … Read more
The Company has informed that it is not being considered favorably by the Income Tax Department (ITD) for the next round of RFP selection process for PAN 2.0 project. This obviously came as a major shock to the investors given Protean’s significant reliance on the PAN related revenues; 55% contribution to the revenues in FY … Read more