New Delhi, February 12, 2026: The Competition Commission of India (CCI) has approved the proposed acquisition of Siemens Limited’s low voltage motor business by Innomotics India Private Limited, marking a significant development in India’s industrial manufacturing sector. The regulatory clearance enables the transfer of Siemens’ low voltage motor operations to…
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BP Offloads Castrol Stake in $8 Billion Strategic Shift
New Delhi: Global energy major BP has agreed to sell a majority stake in its Castrol lubricants business to investment firm Stonepeak, valuing the iconic brand at approximately $8 billion. The transaction marks BP’s largest single divestiture in recent years and reflects the company’s ongoing strategy to streamline its portfolio…