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Oil and Gas

OVL gets time extension for five projects

ONGC Videsh (OVL) has been granted time extension for five projects in Myanmar, Bangladesh, Vietnam, South Sudan and Colombia for carrying out exploration activities and enhancing growth strategies. The extension has heightened the chances of […]

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Mergers & Acquisitions

KKR eyes stake in supply chain firm

KKR is in discussions to acquire a 51 per cent stake via its infrastructure fund in Leap India, a Mumbai-based supply chain solutions startup. The deal valuation is pegged around Rs 30 billion. A large […]

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Mergers & Acquisitions

Siemens to take over Mass-Tech’s EV segment

Siemens announced an agreement to acquire Mumbai-based Mass-Tech Controls’ electric vehicle (EV) branch for Rs 380 million. Siemens anticipates to extend its market position in India and establish an export centre with this acquisition. Additionally, […]

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Roads and Bridges

GIC may invest Rs 15 billion in IRB InvIT

Singapore’s sovereign wealth fund, GIC, is currently evaluating an investment worth Rs 1.5 trillion in IRB Infrastructure Trust, an infrastructure investment trust (InvIT) sponsored by IRB Infrastructure Developers. The proposed investment will be used to […]