The MoneyMakers newsroom

Latest edition 16 Oct 2026

Business & startup news, page 33

The latest on emerging businesses, funding, acquisitions, AI and automation.

Topic

Format

Latest reporting

Newest first

Conceptual illustration of an IDBI Bank staff member consulting a customer across a desk.

Acquisitions & ownership· News

Fairfax selected to buy 60.72% of IDBI Bank, with ownership transfer still pending

India selected a Fairfax Financial Holdings subsidiary to buy a combined 60.72% stake in IDBI Bank from the government and Life Insurance Corporation of India for about ₹52,878 crore. The sellers would retain minority stakes. Fairfax also proposes contributing insurance and capital-markets interests to the bank, but says no binding definitive agreements have been signed and the purchase could proceed without those contributions.

16 Oct 2026 · MoneyMakers

Conceptual illustration of utility-scale battery storage equipment beside an unfinished installation, representing Statera Energy’s portfolio.

Acquisitions & ownership· News

Ares funds buy minority stake in Statera Energy’s 1.9GW UK portfolio

Ares Infrastructure Equity funds acquired a significant minority stake in a Statera Energy portfolio described as approximately 1.9GW. Statera says it will continue to own, operate and manage the assets. Its undated project listing and history page disagree about whether Thurrock Power is operational; neither establishes the portfolio’s operating capacity on October 14.

15 Oct 2026 · MoneyMakers

Business & startup news, page 33

Latest reporting

EQT agrees to buy Stockbridge’s management business for $375 million, with up to $175 million more

Circulate Capital backs Bumi Baru Plastik’s planned fivefold recycling expansion

goFlux to market VLI’s Trato truck-scheduling software under exclusive rights

Origin emerges from stealth with $20 million in total funding for wall-finishing robots

Proofpoint agrees to buy Varonis in $6.3 billion cash deal

Accenture acquires Sagacity Solutions, adding customer-data capabilities and more than 140 specialists

Bluesky expands Attie to build shareable social sites and games

Fairfax selected to buy 60.72% of IDBI Bank, with ownership transfer still pending

Vimag Labs starts manufacturing at first Haryana facility, reports first export

Waabi adds Warrior Logistics to Dallas–Houston freight operations

Ramp confirms $1.85 billion primary round at $60 billion valuation

CCC Intelligent Solutions agrees to $7.75-a-share GTCR-led take-private

Cargofy opens registration for its logistics platform, with AI setup limited by plan

Godspeed acquires GreenVest as base for environmental-services platform

Scanntech announces $180 million Series F as report points to shareholder sales

Arsenal leads EspriGas recapitalization; Walsh and Kaltroco set to stay invested

Nauta Capital reaches €60 million first close for sixth venture fund

Ares funds buy minority stake in Statera Energy’s 1.9GW UK portfolio

Copenhagen Infrastructure Partners buys 25% of Five Estuaries wind project

RevRag AI announces $2.5 million seed round for in-app banking agents