Contribution By Saipriya Iyer


Daikin Industries to acquire Austria’s AHT Cooling for $885 million

Daikin Industries Ltd., a renowned Japanese multinational air conditioning (AC) manufacturing firm, is reportedly all set to acquire AHT Cooling Systems, an Austrian commercial refrigeration equipment company, in an $885 million deal. Reports claim, the acquisition, along with the company’s 2016 purchase of Italian refrigeration …

UltraTech to make Binani Cement its subsidiary, earns board approval

UltraTech Cement has made an announcement confirming that the company’s board of directors has approved the proposal of incorporating Binani Cement (BCL) as a wholly-owned subsidiary. Apparently, the revised bid by Aditya Birla group owned UltraTech Cement for debt-ridden Binani Cement was recently approved by …