Category: Industries

Thales Group (THLEF.PK), a French designer and builder of electrical systems, announced Tuesday its agreement to acquire OneWelcome, a Dutch provider of Customer Identity and Access Management or CIAM, for a total consideration of 100 million euros. The transaction is expected to be completed during the second half of 2022, subject to regulatory approvals and […]

Syros Pharmaceuticals (SYRS) and TYME Technologies, Inc. (TYME) announced that the companies have entered into a definitive merger agreement pursuant to which Syros will acquire TYME, including its pipeline assets and net cash at closing which after accounting for wind-down and transaction expenses is currently estimated to be approximately $60 million. The combined company will […]

Choice Hotels International, Inc. (CHH), a lodging franchisor, announced Monday that it has entered into a definitive agreement to buy the franchise business, operations and intellectual property of Radisson Hotel Group Americas for around $675 million. The acquisition will add Radisson’s nine brands, 624 hotels and over 68,000 rooms in the United States, Canada, Latin […]

U.K.-based Senior plc (SNR), engaged in the business of aerospace and defense components worldwide, on Thursday announced the signing of a definitive agreement to acquire substantially all of the assets of California-based Spencer Aerospace Manufacturing, LLC, a unit of Pivotal Manufacturing Group, LLC. Senior has agreed to pay 48 million pounds ($60 million) for Spencer […]

Netflix, Inc. (NFLX) announced Wednesday that it has entered into a combination agreement to acquire Finnish mobile game maker Next Games Oyj for a total equity value of around 65 million euros. Next Games shares were gaining more than 118 percent in the early morning trading in Helsinki. Under the deal terms, Netflix will commence […]

Expressive investments should be made from savings after setting aside capital for your life goals If watches are meant for only time management, then why do some individuals own a Patek Philippe? Similarly, if cars are meant for only transportation, then why desire a Bugatti Chiron? Clearly, our desire to own products goes beyond the […]

High inflation, raw material prices may pressure margins in near term, says CMD Hindustan Unilever Ltd. (HUL), India’s largest consumer goods maker, reported standalone third-quarter net profit grew 17% to ₹2,243 crore aided by strong all-round performance but warned that high raw material costs and inflation could hit margins in the near term. EBITDA margin […]

`Momentum to continue for at least 3-5 years’ Customer spending across sectors and regions remains robust and L&T Infotech (LTI) expects this momentum to continue for at least 3-5 years, said company CEO & MD, Sanjay Jalona. “Customer spending across sectors and regions remains robust and we expect this momentum to continue for at least […]

Overall economic activity strong, RBI officials say in bulletin Overall economic activity in India remains strong, with upbeat consumer and business confidence and uptick in several incoming high-frequency indicators, despite the outbreak of the Omicron variant of the virus causing COVID-19, Reserve Bank of India officials wrote in an article in the RBI Bulletin. “As […]

HCL Technologies CEO and MD C. Vijayakumar on Monday said business was in the best shape that it could be and the company is optimistic of a good growth trajectory, especially in the medium term, driven by focus on digital transformation. The statement comes after the company’s scrip fell 5.89% to ₹1,258.80 per share on […]