Business News

Hotel Leela to sell 4 hotels and a property for Rs.3,950 crore ($572.9Mn) to Brookfield

At the same time, the promoters who own the Leela brand will also be transferring the Leela brand to Brookfield for all hospitality businesses. – TFMNews Hotel Leela Venture Monday announced the sale of four hotels, including one in the national capital, and a property to Canadian investment fund Brookfield Asset Management for Rs.3,950 crore […]

M&A

TPG Capital to acquire majority stake for $930 Million in Goodnight Midstream

TPG Capital will acquire a majority stake in Goodnight Midstream for about $930 million. As part of the deal, Tailwater Capital LLC and Goodnight Midstream’s other investors will maintain minority stake. Dallas based Goodnight Midstream provides oilfield water infrastructure to oil and gas producers. – TFM News TPG Capital, the private equity platform of global […]

M&A

Singapore’s Temasek Holdings to acquire 30% stake in Danish engineering

Temasek (TEM.UL) will subscribe to secondary shares issued by the Topsoe family, which currently owns 100 percent of the company through Haldor Topsoe Holding A/S. By Reuters|TFM News SINGAPORE (Reuters) – Singapore state investor Temasek Holdings agreed to acquire about 30 percent of Denmark’s Haldor Topsoe A/S, the companies stated. As per the source, in […]

Business News

Tesla in talks with China’s Amperex Technology (CATL) for rechargeable batteries

Tesla in talks with China’s Amperex Technology (CATL) for rechargeable batteries CATL has been in talks with Tesla officials about the required specifications for the batteries. By Reuters @moneycontrolcom – TFM News Tesla INC is in talk with Chinese battery maker modern Amperex Technology Co Ltd (CATL) for ordering rechargeable batteries to power its Model […]

Business News

Infrastructure engineering company KEC secures Rs.1,323 crore orders for power transmission

Infrastructure engineering company KEC secures Rs.1,323 crore orders for power transmission, Railways The RPG Group company said the T&D business has wins turnkey orders of Rs.287 crore. ET Energy – TFM News New Delhi: KEC International, an infrastructure engineering, procurement and construction (EPC) company, today announced it has bagged multiple orders worth Rs.1,323 crore across […]

Finance Update

Private equity and venture inflows jumped 51% to $2.6 bn, exits at $472 mn in Feb

Private equity and venture inflows jumped 51% to $2.6 bn, exits at $472 mn in Feb According to the data collated by consultancy Monday, February saw investments worth $2.6 billion across 61 deals and exits worth $472 million involving 10 deals. PTI @moneycontrolcom – TFM News Private equity and venture capital investments jumped a healthy […]

Business News

Glencore signed deal with Canada’s Noranda on the terms of zinc treatment

Glencore signed deal with Canada’s Noranda on the terms of zinc treatment charges Noranda’s operations include a zinc processing facility in Quebec, last year agreed to buy zinc concentrate from Glencore and sell refined metal back to the miner under a 4-years contract where terms will be negotiated each year. By Reuters – TFM Watch […]