cerberus capital management

Apollo Global Management and Varde Partners are no longer considering bidding for Altico Capital India, according to people familiar with the matter, narrowing the number of suitors for the troubled NBFC.

HDFC Capital — the investment management arm of the country’s largest housing finance company — has partnered with US private equity (PE) investor cerberus capital management, which specialises in distress assets, to take over stuck residential projects and provide last-mile funding.

IT firm 3i Infotech that signed an agreement with cerberus capital management to sell its US- based Global Billing and Payment unit for $137-million (nearly Rs 617-crore), said it will use the garnered amount to repay its bank borrowings.

A deal to merge General Motors Corp and Chrysler LLC has hit an impasse after the Bush administration ruled out funding for it, three people with direct knowledge of the talks said.

New Delhi, Apr 2 () Auto component maker Motherson Sumi Systems Ltd (MSSL) today said it has inked a pact to acquire interior components and modules manufacturer Reydel Automotive Group (Reydel) for USD 201 million (over Rs 1,307 crore).

American car major Ford on Thursday said it has received bids from some companies for acquiring its marques Jaguar and Land Rover.

Chrysler LLC said it will cut 25% of its salaried work force starting next month, and the company warned that it will make more restructuring announcements in the near future.

General Motors, now reportedly in talks with Chrysler for a possible merger, approached its other rival Ford Motor Company first in July but Ford executives rejected the idea, according to a report.

Italian auto maker Fiat has entered into a global strategic alliance with Chrysler and would receive 35% stake in the ailing car manufacturer.

UAE telecom provider du has partnered to invest in the Singapore-India-Gulf (SING) submarine cable system, a new undersea fiber-optic network linking the Middle East with South and Southeast Asia. This strategic move reinforces the UAE's position as a regional data hub, enhancing connectivity for AI, cloud services, and global digital growth.