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News on Medial
For Indian defence firms, a special US deal is on the way
Livemint
·
25d ago
Medial
India and the US are negotiating a Reciprocal Defence Procurement Agreement (RDPA) to enhance their strategic partnership. This agreement would grant Indian defense companies direct access to the US market, valued at $850 billion, while allowing US firms to tap into India’s manufacturing and technology sectors. If finalized, India would join 28 other countries in this exclusive US framework, marking a significant milestone in bilateral defense trade relations. An official announcement is expected within a year.
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Tata Motors to acquire Iveco’s commercial vehicle business for €3.8 billion, excluding defence unit
Economic Times
·
1m ago
Medial
Tata Motors has agreed to acquire Iveco Group's commercial vehicle business for €3.8 billion, excluding the defence unit. The acquisition will be made through Tata’s subsidiary, TML CV Holdings. The deal offers a 22%-25% premium over Iveco’s average share price, factoring in a special dividend related to the defence unit's separate sale to Leonardo. Tata Motors has secured full financing for the acquisition and committed to supporting Iveco’s operations and employment post-deal.
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Bhubaneswar startup BonV Aero to supply drones for US Defence
Inshorts
·
5m ago
Medial
BonV Aero, a Bhubaneswar-based drone startup, has made a historic entry into the US defence market through the I2A Launchpad programme. The company, known for its autonomous logistics drones, aims to collaborate with the US Department of Defence. BonV Aero’s innovation showcases India's technological prowess, marking a proud moment for Odisha and Indian aerospace on the global stage.
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Chinese tech giants Tencent, CATL and others protest US listings as army-linked companies
Economic Times
·
7m ago
Medial
The US Defence Department has listed several Chinese firms, including Tencent, SenseTime, and CATL, as military-linked, sparking protests. The designation restricts US defence procurement from these companies starting June 2026. Tencent, CATL, and SenseTime deny military ties and plan to challenge the decision legally, arguing it is erroneous. The announcement impacted stock prices, with Tencent and CATL experiencing declines. China criticizes the move, urging the US to revoke what it calls unfounded sanctions.
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India Drug, Auto Exporters See Limited Impact of US Tariffs
Livemint
·
6m ago
Medial
Indian exporters in the automobile and pharmaceutical sectors expect limited impact from potential US tariff hikes proposed by President Trump. Industry leaders believe other Asian competitors would face similar challenges, allowing Indian firms to remain competitive. Pharmaceuticals, particularly generic drugs, are expected to see minimal effects. Auto industry leaders also foresee limited repercussions, as current import duties on US components remain low. A potential trade deal between India and the US might further mitigate tariff impacts.
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Exclusive: Carlyle set to strike control deal for Indian auto parts maker
VCCircle
·
9m ago
Medial
Carlyle Group is reportedly in advanced talks to invest in an Indian automotive component maker, as private equity firms show increased interest in India's growing $74 billion auto parts sector. Carlyle would join other US firms such as Blackstone, Bain Capital, and Warburg Pincus in making investments in the South Asian nation's lucrative industry. The deal is said to be in its final stages of negotiation.
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Reliance Defence secures 600 cr export order from Rheinmetall Germany
Economic Times
·
2m ago
Medial
Reliance Defence has secured a Rs 600 crore export order from Germany's Rheinmetall Waffe Munition GmbH. This significant contract is part of a strategic partnership announced between the two companies, marking a milestone for the private defence manufacturing sector in India. Anil Ambani, Founder Chairman of Reliance Group, highlighted the deal as a step towards enhancing India's domestic defence capabilities and positioning it as a key player in the global defence supply chain.
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Billing software firm Zuora explores sale after takeover interest, sources say
Reuters
·
1y ago
Medial
Zuora, a subscription management software company, is considering a sale after receiving acquisition interest from potential buyers. Investment bank Qatalyst Partners has been brought in to advise on the discussions, which involve private equity firms. The company has formed a special committee to handle the deal and accommodate the participation of its CEO and founder, Tien Tzuo, and other large shareholders. Although there is no certainty that a deal will be reached, Zuora's shares rose over 15% on the news. The company has faced tough competition in the industry and has seen its market capitalization decrease since its initial public offering.
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Grapevine: Nomura joins race for Avendus; Adani Wilmar owners to pare stake
VCCircle
·
11m ago
Medial
Nomura, Japan's largest investment bank, has reportedly joined the race to acquire Indian investment bank Avendus. Previously serving as an advisor to potential bidders, Nomura is now actively pursuing the acquisition. The sale of Avendus has also attracted interest from other financial firms such as Mizuho from Japan and Carlyle, a US buyout firm. The current majority stakeholder in Avendus, KKR, is seeking a valuation of Rs ... for the deal.
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Wipro to acquire US firm Applied Value Technologies for $40 mn
VCCircle
·
8m ago
Medial
Indian software services firm Wipro has agreed to acquire US-based Applied Value Technologies (AVT) for $40m. The deal is expected to be completed by the end of the year and will enhance Wipro's application services capabilities. AVT helps enterprises transform IT operations with customised and data-driven approaches. Indian IT firms have been increasingly acquiring niche companies to expand their service offerings and profitability. Wipro recently acquired a majority stake in US insurtech firm Aggne Global, and completed the merger of its subsidiary Designit North America with Wipro Designit Services.
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CRED, Spinny Backer General Catalyst Eyes India’s Venture Highway Buyout
Inc42
·
1y ago
Medial
US-based venture capital fund General Catalyst is reportedly in talks to acquire India's seed-focused venture capital firm Venture Highway. General Catalyst is looking to strengthen its presence in India's startup ecosystem and may consider other Indian VC firms if the Venture Highway deal doesn't happen. This move follows the resignation of Samir Sood, co-founder of Venture Highway. If the acquisition goes through, Venture Highway would operate as the investing arm in India for General Catalyst, focusing on early-stage deals.
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