M&A
ArcelorMittal raises bid for Essar Steel to Rs42,000 crore
11 Sep 2018
Essar Steel, with its 10 million tonne a year production capacity, had outstanding debt of Rs50,786 crore as of March 2018 and the Rs42,000 crore offer is almost 83 per cent of its outstanding debt
Infosys sets up joint venture with Temasek to expand in S-E Asia
07 Sep 2018
Infosys will hold 60 per cent stake in the joint venture, Trust Services, with Temasek holding 40 per cent
Aurobindo to buy Sandoz’s dermatology business in US for $1 bn
07 Sep 2018
Aurobindo will pay $900 million for about 300 products, three manufacturing facilities in the US and Eon Labs Inc, a wholly owned unit of Sandoz Inc, besides performance-based payments of $100 million on products in the pipeline
Anil Agarwal all set to take Vedanta Resources private
04 Sep 2018
The move is aimed at acquiring a stake in Anglo American which will give the group access to diamonds, copper, platinum, coal, iron ore, nickel and manganese markets
Idea, Vodafone complete merger
31 Aug 2018
Idea-Vodafone merger gets NCLT approval
30 Aug 2018
While this clears the way for merger of India’s second and third-largest telecom service providers to form the largest telco in the country, the road ahead for the merged entity is not smooth
LIC to buy 14.9% in IDBI Bank initially as deal hits legal hurdle
29 Aug 2018
While an insurance company is not allowed to buy more than 15 per cent in another financial institution, the government has given a one-time exemption to LIC to raise its stake in IDBI Bank to 51 per cent
And now, Google, Paytm team up for 7-10% stake in Future Retail
27 Aug 2018
News of entry of another foreign suitor in India’s retail-online market, with investment plan pegged at Rs3,500-4,000 crore, boosted Future Retail stock by 6 per cent in morning trade today
Lenders approve Adani Wilmar’s Rs6,000-cr bid for Ruchi Soya
24 Aug 2018
Indore-based Ruchi Soya Ltd, which markets edible oil brands like Nutrela, Mahakosh, Sunrich, Ruchi Star and Ruchi Gold, is already India’s largest edible oil maker and its acquisition will make Adani Wilmur, the maker of Fortune brands, a major force in the edible oil market
Walmart files caveat in HC to pre-empt move by Cait and SJM
21 Aug 2018
Traders say the approval for Walmart’s acquisition of Flipkart “violated government’s FDI policy and that the combination is a sinister design to control and dominate the retail trade through the passage of e-commerce policy
Alibaba in talks with Reliance Retail for e-commerce JV: report
20 Aug 2018
A stake in Reliance Retail will give Alibaba an edge over Walmart and Amazon as foreign entities are not allowed to hold inventory in India and can only operate as marketplaces
KKR acquires 60% stake in Ramky Enviro Engineers
13 Aug 2018
Flipkart-Walmart deal gets regulatory approval
09 Aug 2018
While the Flipkart-Walmart alliance aims to fend off competition from e-commerce giant Amazon, the US retail giant announced plans to hire 1,000 professionals and also projected creation of 30,000 direct and indirect jobs through new cash-and-carry shops
SoftBank sees 50-fold rise in net profit at $2.8 bn on back of Flipkart deal
07 Aug 2018
SoftBank showed a gain of around $1.48 billion on its balance sheet due to an increase in the fair value of its stake in Flipkart, translating to a 60-per cent return on its investment ahead of its sale to Walmart