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FMCG;Mergers & Acquisitions

Reliance Industries consolidates FMCG Pportfolio under New RCPL following internal demerger

Reliance Industries has completed the transfer of its consumer brands business into New Reliance Consumer Products Ltd, making the entity an 83.56% direct subsidiary. The restructuring streamlines ownership of the FMCG portfolio and simplifies the group’s retail and consumer products structure.

India | 5 days ago

Mergers & Acquisitions

JD acquires majority stake in Ceconomy in strategic European retail expansion

JD secures 59.8% stake in German electronics retailer Ceconomy, with total control reaching 85.2% alongside partner Convergenta. The deal, pending regulatory approval, marks JD's strategic move into overseas markets.

5 days ago • China

Mergers & Acquisitions

US Commerce Department to invest up to $150 million in in chip laser startup

The U.S. Department of Commerce plans to invest up to $150 million in xLight, a startup developing free-electron laser systems for semiconductor lithography. The proposed funding marks the first investment under the administration’s semiconductor R&D framework.

5 days ago • United States

Mergers & Acquisitions

DreamFolks Services acquires a majority stake in Dubai's Easy to Travel

DreamFolks Services will acquire a 60.24% stake in Dubai-based Easy to Travel for ₹360 million, marking a strategic pivot toward international airport services distribution. The transaction supports DreamFolks’ diversification beyond domestic lounge operations and expansion into global travel markets.

5 days ago • United Arab Emirates

Mergers & Acquisitions

LT Foods makes €25 million move into Europe’s canned food market with Global Green Europe Acquisition

LT Foods announced that it has signed an agreement to acquire Hungary-based Global Green Europe Kft. for an enterprise value of approximately €25 million, marking its foray into the European canned and processed food market.

5 days ago • Hungary;India

Mergers & Acquisitions

Boyd Group announces $1.3 billion deal to acquire Joe Hudson's Collision Center, expanding U.S. Footprint

The Boyd Group has entered into an agreement to acquire Joe Hudson's Collision Center (JHCC) from TSG Consumer Partners in a $1.3 billion deal. The acquisition will add 258 U.S. collision repair facilities to Boyd’s network, strengthening its presence in the fast-growing Southeast region.

5 days ago • United States

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Business & Corporate | 1 hour ago

AFDB commits EUR 6.5 million to Saviu II to scale early-stage tech ventures in Francophone Africa

The African Development Bank Group has approved a EUR 6.5 million commitment to the Saviu II venture capital fund to strengthen seed-stage technology financing in Francophone West and Central Africa. The investment, supported by the European Commission under Boost Africa, aims to accelerate digital entrepreneurship and regional market integration.

Industry & Manufacturing | 13 minutes ago

STRABAG subsidiary ZÜBLIN wins major Codelco contracts for Chuquicamata underground expansion

STRABAG’s subsidiary ZÜBLIN has secured two large-scale contracts from Codelco to advance the underground transformation of the Chuquicamata copper mine in Chile. The project includes more than 54 kilometres of tunnelling and critical infrastructure works, with completion targeted for 2031 and a workforce of around 1,200.

Agriculture & Food | 14 minutes ago

Mizoram tables ₹174.7 billion FY27 budget prioritising agriculture and connectivity

Mizoram has proposed a ₹174.7 billion budget for FY2026–27, with allocations focused on agriculture, connectivity and social infrastructure. The plan includes continued funding for farmer support programmes and supplementary grants of ₹37.24 billion for the current fiscal, reflecting a calibrated approach to fiscal management and development spending.

Health & Medical | 1 hour ago

Blue Jet Healthcare to invest ₹23 billion in Andhra Pradesh pharma complex targeting FY29 commissioning

Blue Jet Healthcare will invest approximately ₹23 billion to establish a greenfield pharmaceutical manufacturing complex in Andhra Pradesh’s Rambilli Industrial Park. The phased project, expected to be operational by FY2028–29, will expand capacity for contrast media intermediates and specialty chemicals while creating 2,000 jobs.