“Post completion, the target (NCR Atleos ) shall be wholly owned and controlled by the acquirer,” the regulator said in a statement.

In February, Brink’s Company had announced its acquisition of NCR Atleos in a cash-and-stock deal valued at about $6.6 billion, including debt.

Both Brink’s and NCR Atleos are listed on the New York Stock Exchange. Brink’s provides cash and valuables management, digital retail solutions and ATM managed services in over 100 countries. In India, it mainly provides cash replenishment services and ancillary first-line maintenance service through its subsidiary Brink’s India.

NCR Atleos is a financial technology company providing self-directed banking solutions globally, the regulator said. In India, its activities mainly comprise manufacture and supply of ATM hardware (including through its Chennai manufacturing facility), development and licensing of ATM software and ATM management and maintenance services.

The transaction, NCR Atleos had earlier said, would combine two major global financial technology infrastructure providers, joining Brink’s global cash management expertise and route-based infrastructure with NCR Atleos’ end-to-end ATM management and services expertise as well as its owned-and-operated ATM network.

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The partnership will be implemented through two strategic JVs focusing on high-voltage liquid-cooled traction inverters, traction motors and generators for electric and hybrid four-wheelers and larger vehicle applications and the other one on air-cooled traction inverters, traction motors and generators, and e-Axles for electric and hybrid two-wheelers and three-wheelers, the company said.

By combining DENSO’s technology leadership in electrification, advanced product engineering and R&D capabilities with Sona Comstar’s proven engineering excellence and deep understanding of the Indian automotive ecosystem, the partners aim to build scalable and cost-efficient advanced electric and hybrid powertrain solutions, it said.

The transaction is subject to receipt of relevant regulatory approvals and customary closing conditions mutually agreed between the parties in the definitive agreements, it said.

The global automotive industry is undergoing a significant shift towards electrification, and similar trends are also playing out in India across vehicle segments. This transition is creating the need for advanced, reliable and cost-effective electric and hybrid powertrain systems, Sona Comstar said.

Leveraging India’s growing position as a global automotive manufacturing and innovation hub, the proposed joint ventures will be anchored in India and will develop products that meet global standards of quality and performance, it added.

“We have partnered with DENSO to bring together the complementary strengths of both companies and build advanced electric and hybrid powertrain solutions for four-wheelers and larger vehicle applications,” said Vivek Vikram Singh, MD and Group CEO of Sona Comstar.

For the electric and hybrid powertrain systems for four-wheeler and more than four-wheeler applications JV, Sona Comstar and DENSO have entered into a Joint Development Agreement (JDA) to develop high-efficiency liquid-cooled traction inverters, traction motors and generators for electric and hybrid passenger vehicles, commercial vehicles and other high-voltage applications.

To commercialize these products, the partners will establish a joint venture to manufacture them in India with DENSO holding 51 per cent equity stake and assume management control, while Sona Comstar will hold the remaining 49 per cent and contribute its engineering capabilities, manufacturing expertise and established supply chain ecosystem, it said.

In the electric and hybrid powertrain systems for two and three-wheeler applications JV, Sona Comstar will transfer its existing electric traction motor and controller business for two-wheelers and three-wheelers, into its wholly owned subsidiary through slump sale.

Subsequent to this transfer, DENSO, directly or through its affiliates, will acquire a 49 per cent equity stake in that entity at an enterprise value of Rs 1,750 crore, while Sona Comstar will retain the balance 51 per cent and management control, the company said.

This joint venture will engage in the business of air-cooled traction inverters, traction motors and generators and e-Axles for electric and hybrid two- and three-wheelers, Sona Comstar said and added this partnership aims to expand product offerings through accelerated innovation and create opportunities to serve a broader customer base.

Both DENSO and Sona Comstar shall license intellectual property and know-how to their respective majority-owned joint ventures against payment of royalty.

“The electrification of mobility represents a major transformation that will continue to evolve in response to the diverse needs of customers and society across the world. India, in particular, is an important region where diverse forms of mobility coexist and electrification is advancing at significant scale.

“Through this partnership, we will bring together the respective strengths that both companies have built over the years to provide electrification solutions that address the diverse needs of customers in India,” said Tsuneo Maebara, Head of Powertrain Systems Business Group at DENSO Corporation.

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The corporate insolvency resolution process (CIRP) was initiated following the admission of an insolvency petition filed by IDBI Trusteeship Services. Claims of over Rs 3,255.82 crore were admitted, with IDBI Trusteeship Services accounting for the entire voting share in the CoC.

The resolution plan, which received 100% approval from the sole committee of creditors (CoC), represented by IDBI Trusteeship Services, envisages a total resolution value of Rs 352.50 crore.

“The resolution plan, which received 100% approval from the sole CoC, represented by IDBI Trusteeship Services, includes a total resolution value of Rs 352.50 crore, against the Maximum Fair Value as obtained by the COC of the Assets being 132.98 crores, and the Maximum Liquidation Value being 86.15 crores,” said Sukumar Shetty, MD & Group COO, Aspect Group.

He further added that such offers are accepted by the CoC based on the existing valuation of assets as provided under the Insolvency and Bankruptcy Code, 2016 and not proportionate to the claim.

Instead of a cash payout, the secured financial creditor will receive up to 100,000 sq ft of constructed free-sale area in the company’s slum rehabilitation project at Teenmurti in Mumbai’s Magathane area in Borivali.

The resolution professional, through counsel Nausher Kohli, informed the tribunal that in the successful bidder, 50% capital is held by Aspect Infrastructure & Construction (AICPL), an Aspect Group company with over 15 years realty and infrastructure projects execution experience and the balance 50% of the capital is held by Karmas Buildcon LLP.

The resolution process witnessed multiple rounds of invitations for expressions of interest and repeated attempts to attract bidders after earlier plans either failed eligibility requirements or were rejected on commercial grounds. Bharadvaja Buildcon emerged as the successful resolution applicant after its proposal secured unanimous approval from the CoC in April 2025.

According to the resolution plan, project funding will be supported through promoter contributions, internal accruals and, if required, external borrowings. The successful resolution applicant has already deposited the required Rs 1 crore performance security following the issuance of the letter of intent.

As per the plan, construction of the free-sale component would commence within 25 months of plan approval and the secured creditor’s entitlement would be delivered within the following 24 months, taking the overall outer timeline to 49 months. The NCLT observed that the resolution plan complied with the mandatory provisions of the Insolvency and Bankruptcy Code and the CIRP regulations.

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But the green light comes with certain conditions.

The European Commission – which serves as the EU’s antitrust enforcer – said that even with a Paramount-Warner combo, enough competitors would exist across markets like film production and streaming in its 27-nation bloc. Still, when it comes to distributing movies to theaters, the Commission warned of high concentration that could lead to “worse rental and distribution terms for cinema operators, ultimately disadvantaging consumers.”

To address this, the Commission said Skydance-owned Paramount agreed to end its European Economic Area stake in United International Pictures – a longstanding venture with another major studio, Universal, that Paramount has used to distribute films in theaters outside North America. The company must end that partnership within 13 months of closing its Warner acquisition, the Commission said, and not enter any new agreements with Universal for the next 10 years.

Among other terms, current distribution of Warner films must be shifted to the same pipeline Paramount is using in these European countries. The European Commission said its approval was conditional on the company’s commitments and that it would monitor their implementation, without expanding further on how that would be enforced.

Paramount welcomed the EU’s greenlight, which it said represented “a major milestone” toward completing its acquisition. In a Wednesday statement, the company added that such clearances reflect how a Paramount-Warner combo “will enhance consumer choice” and create a business with a scale “capable of competing with the tech companies that have come to dominate the industry.”

Universal did not respond Wednesday to a request for comment about Paramount’s new film distribution commitments in Europe.

A Paramount-Warner combo would mean putting HBO Max, fan favorite titles like “Harry Potter” and even CNN under the same roof with CBS, “Top Gun” and the Paramount+ streaming service. Beyond movies and streaming, both American companies also own a handful of European-based TV assets – including Warner’s TVN Group in Poland, as well as localized channels for flagship Paramount brands like MTV and Nickelodeon.

Ongoing challenge from US states

The EU’s blessing marks the latest in a chain of regulatory clearances inching the merger closer to becoming a reality, but the deal faces other challenges. In the U.S., a federal judge on Monday ordered the companies to pause their transaction for at least two weeks.

That spans from a lawsuit brought forth by California and 11 other states seeking to block Paramount and Warner’s merger altogether – on the grounds such a tie-up would “extinguish competition” in Hollywood and lead to fewer choices for consumers, particularly moviegoers and cable customers in the U.S.

Paramount has called the states’ claims meritless. And the company reiterated that on Wednesday – saying findings from the EU’s approval “directly refute key assumptions that underpin the state AGs’ complaint,” particularly when it comes to competition from newer or smaller film studios.

Either way, the deal is set to be halted until at least a preliminary injunction hearing, currently slated for Aug. 3. When granting the temporary restraining order earlier this week, U.S. District Judge Araceli Martinez-Olguin said states had made a strong case about a combined Paramount-Warner’s potential to “substantially lessen competition” and that the merger would be “difficult, if not impossible, to unwind” without a pause.

Other regulatory clearances

In contrast to the states’ case, the Trump administration’s U.S. Justice Department said it wouldn’t block the deal – and instead released a lengthy statement in support, maintaining a Paramount-Warner combo would bring “benefits for American consumers and workers.”

Paramount says it’s also received regulatory clearances from countries like Australia, China and Canada. Other reviews remain in progress – including from the U.K., which has separately suggested it may intervene.

The clock is ticking. The company has pledged to start paying Warner shareholders added “ticking fee” compensation amounting to about $7 million per day if the deal isn’t closed by Sept. 30.

Including debt, Paramount’s proposed purchase of Warner is valued at nearly $111 billion based on current outstanding shares.

Beyond central antitrust reviews, regulators in Europe have also effectively approved of the billions of dollars in financial backing Paramount has secured from three Gulf states: Saudi Arabia, Qatar and the United Arab Emirates. In regulatory filings, Paramount has maintained that these sovereign funds will not have any voting rights. Still, critics have sounded the alarm about what their money could mean in terms behind the scenes influence.

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“As you can tell from ‌the many collaborations ⁠on ⁠so many fronts with SpaceX, there’s more and more overlap,” Musk said on Tesla’s earnings call. “We can’t talk about, you know, combining companies ​and that kind of thing on an earnings call,” he added.

“It’s got to be done with the appropriate process.” Investors and ​analysts have long speculated about the possibility of combining Musk’s electric vehicle and space firms, with the discussion intensifying during SpaceX’s record $75 billion initial public offering process.

After Musk’s comments, he called on Tesla General Counsel Brandon Ehrhart, ​who stuck to boilerplate language calling SpaceX a “great partner” that provides “numerous beneficial transactions.”

Gene ⁠Munster, managing ‌partner at Tesla investor Deepwater Asset Management, said the call left him more convinced the companies were destined to be joined over the next few years. “I would put the odds ⁠that these two will combine at 90% today,” he said in a video posted on social media. “If you were going to ask me yesterday I would have said it’s 80%.” Tesla already supplies batteries and manufacturing technologies for some SpaceX projects, while the companies are jointly developing Terafab, a semiconductor manufacturing facility designed to produce AI chips.

Proponents argue that combining the companies could simplify Musk’s corporate empire and create a more integrated company spanning artificial intelligence, robotics, manufacturing, energy and space infrastructure. JPMorgan analysts said this month that “operational integration between the two entities is already deep,” citing shared engineering talent, AI ‌infrastructure, Terafab and Musk’s leadership as factors that “would facilitate an eventual combination.”

Stifel analysts struck an even more bullish note, writing that “many investors consider it inevitable that Musk will move to combine ​SpaceX with Tesla – ​for them the question ⁠is not if but when.” SpaceX President and Chief Operating Officer Gwynne Shotwell has also acknowledged potential benefits, telling CNBC in June that folding the companies together “might make Elon’s life a little easier” by streamlining management across his businesses. Others, ​however, caution that any transaction could face formidable hurdles. In the same research note, JPMorgan pointed to the “practical bottleneck” of getting regulatory approvals for both companies, particularly in China, where national security concerns over SpaceX’s U.S. government ties could pose problems.

Analysts also note that Musk controls a much larger voting stake in SpaceX than in Tesla, complicating governance considerations for Tesla’s public shareholders.

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The maiden acquisition by the company is aimed at strengthening its presence in the consumer finance segment, according to an official statement.

The company said the acquisition aligns with its ambition to build a Rs 1 lakh crore assets under management (AUM) franchise and serve more than one million customers by 2031.

Kanakadurga Finance’s gold loan business has Rs 280 crore AUM with nearly 12,000 customers, 54 operational branches across Andhra Pradesh and an experienced team of around 250 employees, which will help Godrej Capital scale up operations in this vertical.

Currently, the company is primarily engaged in MSME lending and housing finance. It has also established a consumer finance platform focused on long-term growth.

The company said it has built a strong foundation over the past five years through investments in technology, risk management and customer-centric operations and the acquisition will help create a more diversified lending institution.

“The acquisition of Kanakadurga Finance’s gold loan business marks an important milestone in Godrej Capital’s journey and represents our first strategic acquisition as we continue building a larger and more diversified financial services franchise with a five-year ambition of achieving Rs 1 lakh crore AUM,” Manish Shah, managing director and chief executive officer, Godrej Capital, said.

The gold loans segment has been witnessing very high growth in the past few months amid the increase in prices of the precious commodity and also lenders’ comfort because of the secured nature of the product.

Outstanding loans against gold jewellery stood at Rs 3.29 lakh crore at the end of May 2026, up 69.9 per cent from Rs 1.94 lakh crore a year earlier.

This has led to jostling among financiers to enter the fray, with new operations and acquisitions of existing entities.

On July 13, Tata Capital acquired a majority stake in Kerala-based Yogakshemam Loans (Yogloans), marking the Tata Group financial services company’s entry into the gold loan business.

In June, Godrej Capital had launched its wealth management business and set a target of Rs 1 lakh crore over the next five years. The wealth management business will initially focus on eight key cities before expanding to 35 locations over the next three years.

Last month, Shah told PTI that Godrej Capital is targeting assets under management (AUM) of Rs 38,000 crore by the end of the current financial year and plans to take the business public in the next five years.

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In terms of the aforesaid Agreement, KPTL has agreed to sell and transfer its entire 50% equity stake, held in REFU to REFU Elektronik GmbH for a consideration of EUR 12,500 (subject to the terms and conditions set out in the Agreement).

Upon completion of the aforesaid transaction, REFU shall cease to be a joint venture of KPTL.

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Britain’s Capricorn Energy said on Wednesday it ​has received a £268.8 million ($359.33 million) all-cash ‌bid from private investment firm Samos Energy, weeks after agreeing to a near-identical proposal ​from Genel Energy.

The London-listed oil and ​gas producer had agreed to a $360 ⁠million all-cash buyout offer from Kurdistan, ​Iraq-focused peer Genel earlier in July.

Here are some ​more details:

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The companies are aiming to finalise an agreement before Nestle reports first-half ​earnings on Thursday, the report said. ​Nestle declined to comment.

The company has been reshaping its ‌portfolio ⁠under CEO Philipp Navratil, who has sought to improve growth and profitability by focusing on the company’s core brands.

Reuters reported ​in May ​last year ⁠that Nestle had hired Rothschild to explore a partnership or ​sale of a stake in ​its ⁠European water business while retaining part ownership. The unit includes brands such as Perrier, ⁠San ​Pellegrino and Acqua Panna.

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