M&A
Vedanta chief eyes NMDC, rest of HZL and other mining PSUs
24 Jun 2019
Agarwal, whose Sterlite Copper has been shut over charges of causing pollution and already owns 64.9 per cent stake in Hindustan Zinc Ltd, said the government should divest its stake in NMDC, HZL, Hindustan Copper, Kolar Gold Fields and Uranium Corporation as also Shipping Corporation of India
ONGC Videsh, partners to invest $20bn in Mozambique LNG project
20 Jun 2019
ONGC Videsh holds a 16 per cent stake in the Mozambique Rovuma Area-1 Offshore Project, while Bharat PetroResources Ltd the investment arm of Bharat Petroleum Corporation Ltd, and Oil India Ltd also hold stakes in the project
Pfizer to acquire cancer drug maker Array Biopharma for $10.6 bn
18 Jun 2019
Array’s Braftovi and Mektovi, launched last July for the deadliest form of skin cancer at a price of $22,000 per month, had sales of around $72 million over their first nine months, besides revenue from royalty and licensing deals
Dassault expands life sciences business with $5.8 billion Medidata deal
14 Jun 2019
French aerospace and defence major Dassault Systemes has been expanding its operations into digital transformation and life sciences industry beginning 2012
CCI gives conditional nod for Schneider’s acquisition of L&T unit
07 Jun 2019
CCI has approved Schneider Electric’s acquisition of the electrical and automation business of Larsen & Toubro Limited on condition that the acquirers reserve a part of L&T’s installed capacity to offer white labelling services to third party competitors
L&T raises equity holding in Mindtree to 28.90%
07 Jun 2019
OBC, Indian Bank and Corp Bank to combine in third PSB merger: report
06 Jun 2019
Once the merger goes through, the new entity will have combined deposits estimated at Rs6,60,000 crore and advances of Rs4,80,000 crore
International Paper to sell its India business to West Coast Paper
30 May 2019
Depending on the open offer, WCPM will acquire 51-60 per cent of APPM’s shares at Rs275 per share from IP for a total of around Rs660 crore
Fiat Chrysler proposes 50:50 merger with Renault
28 May 2019
The Fiat Chrysler Automobiles and Groupe Renault combination together with its Nissan and Mitsubishi partners would be the largest global OEM alliance, selling more than 15 million vehicles annually
CCI approves GSK-Pfizer consumer healthcare JV
24 May 2019
Tata to merge consumer business into Tata Consumer Products
16 May 2019
Tata Global Beverages and Tata Chemicals will combine their consumer product brands into a new focused entity called Tata Consumer Products Ltd, with annual turnover of Rs9,099 crore
Disney takes control of Hulu, to enter video streaming market
15 May 2019
With Hulu in hand, Walt Disney Co plans to enter global video streaming market that is currently dominated by companies such as Netflix Inc and Amazon