All posts tagged: Acquire

TPG, ICICI Bank, GIC to acquire Aseem Infrastructure Finance from NIIF | Business News

TPG, ICICI Bank, GIC to acquire Aseem Infrastructure Finance from NIIF | Business News

Published by Parlour News

3 min readMumbaiJul 6, 2026 08:41 PM IST US-based TPG, a leading global alternative asset management firm, has signed definitive agreements with the National Investment and Infrastructure Fund (NIIF) to acquire a 100% stake in Aseem Infrastructure Finance, alongside co-investors GIC of Singapore and ICICI Bank. TPG’s investment is being made through TPG Rise Climate, the firm’s dedicated climate investing platform, as part of its Global South Initiative, a strategy launched in partnership with ALTÉRRA to scale climate solutions across emerging markets. ICICI Bank will hold up to a 5% stake in the company. While NIIF and TPG did not disclose the value of the transaction, market estimates peg the deal at around Rs 5,000 crore. Headquartered in Mumbai, Aseem Infrastructure Finance is a leading sustainable infrastructure debt financier focused on renewable energy, power transmission and other infrastructure assets in India. The company was established by NIIF in 2020. NIIF, India’s sovereign-linked alternative asset manager, is the majority shareholder, while the Government of India and Japan’s SMBC are minority shareholders. Aseem has disbursed over Rs …

SpaceX to Acquire Cursor in B Stock Deal, Deepening Elon Musk’s AI Empire

SpaceX to Acquire Cursor in $60B Stock Deal, Deepening Elon Musk’s AI Empire

Published by Webster

Elon Musk’s AI ambitions may have just found their developer toolchain. Just days after becoming one of the world’s most valuable public companies, SpaceX has locked in a deal to buy AI coding startup Cursor for $60 billion in stock, marking one of the biggest acquisitions in the artificial intelligence industry. The company confirmed on Tuesday that Cursor’s parent company, Anysphere, will become a wholly owned subsidiary once the transaction closes. Regulatory filings indicate that SpaceX expects the acquisition to be completed in the third quarter of 2026. The move follows an arrangement announced in April that gave SpaceX the option to either acquire Cursor for $60 billion or pay $10 billion to continue working closely with the company. Cursor shareholders will be paid entirely with SpaceX stock. Why SpaceX wants Cursor The acquisition is the clearest sign yet that Musk is betting heavily on AI coding tools as SpaceX tries to narrow the gap with rivals OpenAI and Anthropic. Cursor has become one of the fastest-growing names in AI-assisted programming. Its software helps developers …

CS wants officials to speed up process for high-speed rail corridors; Railways urge govt to acquire land for rail depots

CS wants officials to speed up process for high-speed rail corridors; Railways urge govt to acquire land for rail depots

Published by Parlour News

Telangana Chief Secretary K. Ramakrishna Rao at a review meeting on the three high-speed rail corridors connecting Hyderabad with Mumbai, Bengaluru and Chennai, on Friday (May 15, 2026). | Photo Credit: BY ARRANGEMENT Telangana Chief Secretary K. Ramakrishna Rao on Friday (May 15, 2026) has directed the officials to speed up the process of land acquisition, providing connectivity, development of amenities pertaining to the proposed high-speed rail corridors sanctioned to the State. The extent of the land required were discussed at a review meeting, held by the Chief Secretary on the three high-speed rail corridors connecting Hyderabad with Mumbai, Bengaluru and Chennai and land needed for rail depots. Officials from Hyderabad Metropolitan Development Authority, Railways, and representatives of GMR Airport attended the meeting held in Hyderabad on Friday (May 15, 2026). Railway officials informed that the detailed project report (DPR) pertaining to Hyderabad-Pune-Mumbai high speed rail corridor was ready, incorporating proposals for infrastructure on the line for a length of 671 km. Accordingly, it would require land acquisition on the route spanning 93 km in …

Rahul Dravid, R Ashwin acquire Glasgow franchise in European T20 Premier League: Reports

Rahul Dravid, R Ashwin acquire Glasgow franchise in European T20 Premier League: Reports

Published by Webster

3 min readUpdated: Mar 6, 2026 01:56 PM IST Former India captain and head coach Rahul Dravid, along with spin legend Ravichandran Ashwin, are reportedly among the newest investors in the European T20 Premier League.  According to BBC Sport, they are part of an Indian investment group that has reached a deal to purchase the Glasgow team in the six-franchise competition planned for this summer. Ashwin’s involvement is especially significant and may allow the veteran off-spinner to participate in the tournament. The 39-year-old announced his international retirement in December 2024 and retired from the Indian Premier League in August 2025. He has shown interest in exploring opportunities in franchise leagues worldwide. Ashwin was set to be the first Indian international player to join Australia’s Big Bash League after signing with Sydney Thunder. However, a knee injury he suffered during training in Chennai last December sidelined him, and he has been recovering after surgery. Dravid’s connection to the Glasgow franchise highlights his long-standing ties with Scottish cricket. In 2003, he played a season as an overseas professional …

DAC Clears Way To Acquire 114 Rafale Jets For Air Force, 6 P8i Aircraft For Navy: Sources | India News

DAC Clears Way To Acquire 114 Rafale Jets For Air Force, 6 P8i Aircraft For Navy: Sources | India News

Published by Webster

Last Updated:February 12, 2026, 15:34 IST At present, the squadron strength of the air force has dropped to 29 against an authorised strength of 42, the lowest in decades. The Rafale, a versatile 4.5-generation platform, remarkably more sophisticated than the base model the UPA government had begun bargaining for, has already demonstrated its prowess in IAF exercises. The Defence Acquisition Council (DAC) on Thursday approved the procurement of 114 Rafale fighter jets for the Indian Air Force and six P-8I maritime patrol aircraft for the Indian Navy, sources told CNN-News18. The meeting of the council was chaired by Defence Minister Rajnath Singh. The approval comes at a time when the Indian Air Force’s squadron strength has fallen to 29, significantly below the authorised strength of 42 — the lowest level in decades. The Rs 3.25 lakh crore proposal received the DAC’s nod ahead of the upcoming visit of French President Emmanuel Macron. After being cleared by the Defence Procurement Board last month, the proposal will now require final approval from the Cabinet Committee on Security …

Karan Johar denied RPSG chance to acquire Dharma Production after being ‘spooked’ by legal clause, reveals Sanjiv Goenka

Karan Johar denied RPSG chance to acquire Dharma Production after being ‘spooked’ by legal clause, reveals Sanjiv Goenka

Published by Parlour News

Karan Johar’s Dharma Productions entered into a partnership with Adar Poonawalla a little under a year ago. This investment from the billionaire allowed Karan to expand Dharma’s scope with cash inflow, even as he gave a sizable chunk of his production house. But Adar wasn’t the only billionaire looking to acquire Dharma Productions. Sanjiv Goenka has revealed that his group almost bagged the deal with Dharma only for Karan to be ‘spooked’ by a few legal clauses. Sanjiv Goenka talked about his deal with Dharma Productions. Sanjiv Goenka on the Dharma deal Sanjiv Goenka heads the RP-Sanjiv Goenka Group (RPSG Group), a $10-billion conglomerate headquartered in Kolkata that has interests in various fields, from entertainment and media to sports and energy. Sanjiv Goenka recently revealed that his and Karan’s deal for Dharma almost went through sometime back. Speaking on a podcast with Parthiv Neotia, he revealed, “Karan is a very dear friend, he continues to be. I think our lawyer and legal team put a drag and tag clause, and it spooked him. I wasn’t …

Yash’s Toxic Records Historic Overseas Deal As Phars Films Acquire Global Distribution Rights For Indian Language Versions

Yash’s Toxic Records Historic Overseas Deal As Phars Films Acquire Global Distribution Rights For Indian Language Versions

Published by Webster

Yash’s Toxic Records Historic Overseas Deal (Photo Credit – YouTube) Rocking Star Yash’s Toxic is breaking all kinds of records even before its theatrical release. The highly anticipated film just made headlines after becoming the first non-Telugu movie to seal a historic ₹120 crore distribution deal with Dil Raju’s powerhouse banner Sri Venkateswara Creations (SVC). And now, the movie has signed another massive distribution rights deal. The deal with Dil Raju’s SVC dealt with the AP–TG rights of the film, which means the license to distribute the movie in theaters within Andhra Pradesh and Telangana. But this time, Toxic is going international. Yash’s Toxic Signs With Phars Films On the international front, Toxic’s distribution rights have been acquired by Phars Films, one of the leading and most dominant overseas distributors. The deal is being touted as one of the biggest overseas acquisitions for an Indian film, with ₹105 crore secured as advance on a commission basis, a staggering vote of confidence from the global market. The numbers show the market’s confidence in the film and …

Gujarat HC upholds govt decision to acquire Asaram Ashram land in Motera| India News

Gujarat HC upholds govt decision to acquire Asaram Ashram land in Motera| India News

Published by Parlour News

The Gujarat high court on Thursday upheld the state government’s decision to acquire an 11-acre land parcel in Ahmedabad’s Motera, which had been given to self-styled godman Asaram-run ashram decades earlier. Virk told the bench that the land, originally granted decades ago for limited religious use, was subject to strict conditions. (Photo: Gujarat high court) A bench of justice Vaibhavi D. Nanavati dismissed a plea filed by Sant Shri Asharam Ashram after the government pleader GH Virk defended the government’s decision to reclaim control over the land parcel spread across 45,000 square metres. The land is located next to the Narendra Modi Stadium and the Sardar Patel Sports Complex in Ahmedabad, an area identified by the state as critical for sports and urban infrastructure, including plans linked to the Commonwealth Games 2030. Virk told the bench that the land, originally granted decades ago for limited religious use, was subject to strict conditions. These conditions barred commercial activity and unauthorised construction. But officials said inspections revealed that the ashram had expanded far beyond the permitted area …

White Sox acquire right-hander Jordan Hicks from Boston for prospect Gage Ziehl

White Sox acquire right-hander Jordan Hicks from Boston for prospect Gage Ziehl

Published by Parlour News

BOSTON — The Chicago White Sox acquired right-hander Jordan Hicks from Boston along with some of the cash to pay him from the Boston Red Sox on Sunday. Chicago also will receive pitching prospect David Sandlin and two players to be named in the deal that will send right-handed prospect Gage Ziehl and a player to the Red Sox. Sandlin was ranked by Baseball America as the No. 7 prospect and No. 2 pitching prospect in the Red Sox organization. Boston had been searching for hitting this offseason — even before losing third baseman Alex Bregman as a free agent — but instead signed lefty Ranger Suárez as a free agent and picked up righty Sonny Gray in a trade with the Cardinals. The moves left them with a potential pitching glut — along with a potential luxury tax bill — and the opportunity to move some arms for hitters. The White Sox traded center fielder Luis Robert Jr. to the New York Mets last month, and Chicago general manager Chris Getz said they would …

Diamondbacks acquire 8-time All-Star 3B Nolan Arenado in a deal with the Cardinals

Diamondbacks acquire 8-time All-Star 3B Nolan Arenado in a deal with the Cardinals

Published by Parlour News

PHOENIX — The Arizona Diamondbacks acquired eight-time All-Star third baseman Nolan Arenado from St. Louis for minor league pitcher Jack Martinez in a trade Tuesday in which the Cardinals also are including $31 million. HT Image A 10-time Gold Glove winner, Arenado has played for the Cardinals the past five seasons and was shopped extensively after the 2024 season by a rebuilding team. The 34-year-old isn’t the offensive force he used to be but will still provide a veteran presence at the position after the D-backs traded slugger Eugenio Suárez at last season’s trade deadline. Arenado batted. .237 with 12 homers and 52 RBIs last season and as two years and $42 million remaining on a contract paying him $275 million for nine years. He is owed $42 million, with salaries of $27 million this year and $15 million in 2027. St. Louis agreed to send Arizona $22 million to offset this season’s salary — $2,666,666.67 on the 15th of each month from April to September — and $9 million on Nov. 1, 2027. Arenado …