MaulikPathak

Arrow Electronics to buy Gujarat-based eInfochips in a deal pegged at $300m

The acquisition will give Arrow access to eInfochips’ 1,500 Internet of Things (IoT) solution architects and software development resources

Torrent Pharma to buy Unichem’s India business for $556m

This is Torrent Pharmaceuticals’s fifth acquisition in India.

Japan’s Mitsui OSK Lines eyes 11% stake in Swan LNG project

Mitsui will be technical consultant for the project and also supervise construction.

India: NCLT approves bankruptcy proceedings against Essar Steel

Essar Steel owed lenders Rs 45,000 crore, of which Rs31,671 crore are NPA as of 31 March 2016

India: ABG Shipyard to face bankruptcy proceedings

After it defaulted on Rs 4,500 crore of loans.

India: Bankruptcy proceedings against Monnet Ispat, Alok Industries get NCLT nod

India: Tata Power offers to sell 51% stake in Mundra power plant for Re1

Move is tacit admission by Tata Power of inability to run the project at the existing tariff.

India: Adani Ports start talks to buy majority stake in Gujarat Pipavav Port

India: Financial investors partner utilities to acquire stressed power projects

India: Srei plans to acquire Sandesara group’s stake in Dahej port project