M&A
Toshiba agrees to sell memory unit to Bain-led consortium for $18 bn
21 Sep 2017
Toshiba said it had also been negotiating with a group that involved iPhone assembler Hon Hai Precision Industry and another that included its jilted Western Digital, which has now moved for arbitration
Google inks $1.1 bn deal with Taiwan’s HTC to buy Pixel staff
21 Sep 2017
Google is buying the HTC team that built the Pixel smartphone for Google in a cash deal, plus getting a non-exclusive license for HTC's intellectual property to help support Pixel phones
Karti refuses to appear before CBI; ‘grill me’, says Chidambaram
15 Sep 2017
Former finance minister P Chidambaram said it was he who approved the deal after FIPB clearance and that the CBI should question him instead of harassing Karti Chidambaram
BSNL to hive off tower assets as separate business
13 Sep 2017
BSNL owns 66,000 mobile towers, which is roughly 15 per cent of the 4,42,000 mobile towers in the country
Tata Steel exits British Steel Pension scheme; decks cleared for ThyssenKrupp merger
12 Sep 2017
Tata Steel has made a one-time payment of £550 million to unbundle itself from the British Steel Pension scheme, a move that would clear the path for merger of its European steel business with Thyssenkrupp
IndusInd Bank, Bharat Financial explore merger
12 Sep 2017
Allergan transfers drug patent to Mohawk tribe to sidestep lawsuits
09 Sep 2017
The surprise move by Allergan to transfer the patents on a best-selling eye drug to the Saint Regis Mohawk Tribe could open up a new way for drug makers to head off challenges to patents
Reliance acquires Kemrock in auction-sale by lenders
07 Sep 2017
Kemrock’s total liabilities include lenders’ claims of Rs1,652.18 crore, Rs1.41 crore dues to the EPFO, Rs205.77 crore excise and customs duty dues and a VAT liability of Rs82.16 crore