Firms/companies
EGM may decide successful bidder for Fortis Healthcare
22 May 2018
Three directors nominated by promoters quit the company's board a day ahead of EGM on May 22 amidst talks of an MCA-initiated probe into the working of the company
Reliance Jio plans Estonia unit to expand overseas: report
22 May 2018
Reliance Jio will operate its European business through a wholly-owned subsidiary, which will allow the company operate worldwide, according to the report
Century Textiles to hive off cement business, sell it to UltraTech
21 May 2018
Aditya Birla Group firm UltraTech will acquire the cement business of BK Birla Group company Century Textiles and Industries through a share swap deal in which shareholders of Century Textiles will get one equity share of UltraTech for every eight equity shares held
Japanese major Sumitomo buys 49% stake for Rs 1,181 crore in Mukand’s special steel subsidiary
21 May 2018
Naresh Goyal changes Jet’s stance, says he is open to Air India deal
19 May 2018
Jet Airways had earlier ruled out participating in the Air India divestment, and chairman Naresh Goyal’s changed attitude reflects the hope that the government may ease the terms and conditions of a stake sale
Tata Steel completes acquisition of bankrupt Bhushan Steel
19 May 2018
Tata Steel said on Friday it has completed the acquisition of a 72.7 per cent stake in bankrupt Bhushan Steel Ltd (BSL) for Rs35,200 crore, making the first acquisition of a stressed asset under the new Insolvency and Bankruptcy Code
And now, MNS threatens to stop Bullet train project
17 May 2018
Party chief Raj Thackeray has told his followers that the Bullet Train project is a surreptitious route to bifurcating Mumbai from Maharashtra
RCom, Ericsson propose to settle matter out of NCLT
17 May 2018
Creditor banks are reported to be backing the debt-ridden telco to counter Swedish gear maker Ericsson’s move in order to ensure that their dues are not compromised
In a first, Google employees quitting in protest against defence involvement
16 May 2018
About a dozen concerned employees are resigning in protest against Google’s contract with the US Defense Department and its involvement in a controversial military pilot programme known as Project Maven
ArcelorMittal deposits Rs7,000 cr with SBI to ensure eligibility for Essar
16 May 2018
The move to park about Rs7,000 crore in an escrow account of State Bank of India follows ArcelorMittal's bid for Essar Steel being questioned because of its past shareholding in loan defaulter Uttam Galva Steel
Bharti Airtel-Telenor merger finalised as DoT gives nod
15 May 2018
Airtel will formally buy Telenor India in a no-cash deal and take over its spectrum payment dues of about Rs1,650 crore. All customers of Telenor India would become part of Airtel, which will get 43.4 MHz of spectrum in the 1,800 MHz band from Telenor
NCLT approves Tata Steel as the owner of Bhushan Steel
15 May 2018
The National Company Law Tribunal (NCLT) on Tuesday approved Tata Steel’s bid to take over debt-ridden Bhushan Steel
Manipal-TGP steps in again with sweetened offer for Fortis Healthcare
15 May 2018
After Fortis Healthcare announced last week it planned to accept an offer from Hero Enterprise Investment Office and the Burman Family Office, the Manipal-TGP combine has stepped in again with an offer of Rs180 per share
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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