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NEW DELHI: The Defence Acquisition Council (DAC) has given approval to the purchase of long-range SCALP missiles for Rafale jets and additional missiles for Russia-made S400 aerial shield system, a govt source told TOI.A day after the DAC’s approval for purchase of 114 Rafale jets, defence secretary Rajesh Kumar Singh said on Friday that this…
MUMBAI: HUL has acquired the remaining 49% stake in D2C brand Oziva for Rs 824 crore, making it a wholly-owned subsidiary of the company. HUL bought an initial 51% majority stake in the brand in Dec 2022.Oziva, a plant-based, clean-label consumer wellness brand which focuses on spaces such as lifestyle protein and hair & beauty…
NEW DELHI: In keeping with changing times, the govt has proposed a new ‘Defence Acquisition Procedure (DAP)-2026’ that aims to align India’s defence acquisition with the rapidly evolving geo-strategic landscape, growth of Indian economy, the skilling of human capital, growth of private defence industry in the country and technological imperatives of modern warfare. DAP is…
The Economic Survey frames insurance as a growth problem disguised as a coverage problem. To close India’s protection gap and deliver “Insurance for All by 2047,” it says the sector must outpace nominal GDP, not inch alongside it. The binding constraint is not demand but distribution.“The escalating cost of acquisition is not merely an operational…
Netflix has revised its proposed acquisition of Warner Bros. Discovery, shifting to an all-cash transaction valued at USD 27.75 per share. The move aims at simplifying the deal structure and strengthening its position amid rival takeover efforts.The revised offer values Warner Bros. Discovery at an enterprise value of about USD 82.7 billion, including debt and…
Donald Trump wants to ‘acquire’ Greenland The White House on Thursday said that the deployment of European troops to Greenland will not affect President Donald Trump’s plans to take control of the Arctic island from Denmark. “I don’t think troops in Europe impact the president’s decision-making process, nor does it impact his goal of the…
Facebook-parent Meta has announced the acquisition of artificial intelligence startup Manus which has Chinese roots. As reported by Financial Times, Meta has made its third largest acquisition deal after WhatsApp and ScaleAI. This move of the company underscores CEO Mark Zuckerberg’s aggressive push into advanced AI as the company is racing to compete against Google…
AI Image for representation Two American technology companies are fighting over an acquisition, supposedly gone wrong. According to a report in Geekwire, a Washington-based tech company SmarTek21 has sued its New York-based acquisition advisor, TGP GP Management, alleging that it was pushed into a $5.2 million acquisition. SmarTek21 is a longtime technology consulting services company…
NEW DELHI: Netflix on Friday annnounced that it has acquired Warner Bros., including HBO and HBO Max, for an enterprise value of $82.7 billion. The cash and stock deal values Warner Bros. Discovery (WBD) at $27.75 per share and will take effect after the separation of WBD’s Global Networks division, Discovery Global, which is scheduled…
NEW DELHI: Netflix on Friday annnounced that it has acquired Warner Bros., including HBO and HBO Max, for an enterprise value of $82.7 billion. The cash and stock deal values Warner Bros. Discovery (WBD) at $27.75 per share and will take effect after the separation of WBD’s Global Networks division, Discovery Global, which is scheduled…
