M&A
NCLAT approves ArcelorMittal bid for Essar Steel, rejects Ruias’ offer
04 Jul 2019
The NCLAT also revised the approved claims of operational creditors to Rs19,700 crore, up from Rs5,000 crore and said the committee of creditors has no role in distribution of amount between operational and financial creditors
Liberty acquires European steel assets of ArcelorMittal for $740 million
01 Jul 2019
The deal brings Liberty Steel’s total rolling capacity to over 18 million tonnes, covering a wide range of finished products, and catapults it into top 10 steel producers globally outside China
Number of US states opposing T-Mobile-Sprint merger rises to 14
26 Jun 2019
US District Judge Victor Marrero noted that while the complaint, filed by attorneys who are Democrats, maintains that aggressive competition have resulted in “falling prices,” they also state the companies’ ability to signal each other on rates “has led to higher prices for consumers”
Binny Bansal sells 0.33% in Flipkart to Walmart for $76.4 million
24 Jun 2019
Binny Bansal, who had earlier also sold a small portion of his residual stake in Flipkart, owned 3.52 per cent stake in Flipkart before the latest sale of 5,39,912 shares to Walmart
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
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The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.
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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