M&A
Bharti Airtel in talks to buy Telkom Kenya: report
16 Jan 2019
Telkom Kenya is the third-largest telco in Kenya with over 5 million users, behind market leader Safaricom with over 30 million while Airtel Kenya had 10 million-plus customers in the East African nation
Naresh Goyal to end control of Jet Airways, Etihad to raise stake to 49%
14 Jan 2019
While Naresh Goyal’s stake in Jet Airways will be brought down to around 20-25 per cent and his voting rights brought down to 10 per cent, Goyal's son Nivaan Goyal is likely to be included as non-executive director once a resolution plan is finalised, say reports
Jet Airways back on the table for stake sale talks with Tatas: report
11 Jan 2019
If Jet Airways, which has overdue debt and payments to staff, lessors and airports, fails to find an investor or financier, the airline could go the Kingfisher way
Eli Lilly to acquire Loxo Oncology for $8 bn in cash
09 Jan 2019
Loxo’s oncology drug Vitrakvi, priced at $32,800 per month, and experimental follow-up drug LOXO-195, on which Bayer is also a partner, together could generate annual sales of about $750 million
Bandhan Bank to acquire Gruh Finance in an all-stock deal
07 Jan 2019
The merger, which would create a combined entity with market value totaling over Rs88,000 crore, would also result in Bandhan founder Chandra Shekhar Ghosh bringing down his promoter stake to just above 60 per cent
Bristol-Myers to acquire Celgene in $74-bn cash-and-stock deal
03 Jan 2019
Celgene shareholders will receive one Bristol-Myers Squibb share and $50 in cash for each share held, or $102.43 per share, a premium of 53.7 per cent to Celgene’s Wednesday close, besides one tradable contingent value right for each share held
Cabinet nod for merger of Vijaya Bank and Dena Bank into Bank of Baroda
02 Jan 2019
The merger will combine the advantages of Dena Bank's relatively higher access to low-cost CASA deposits, Vijaya Bank's profitability and availability of capital for growth, and the extensive and global network and offerings of BoB
ONGC board approves share buyback of around Rs4,000 cr
20 Dec 2018
ONGC has approved a share buyback of 1.97 per cent of its total paid-up equity, which may fetch the government around Rs2,640 cr considering its 65.64 per cent equity stake
ABB sells over 80% in Power Grids to Hitachi for $9.1 bn
18 Dec 2018
Post divestment ABB plans to modify the structure of its remaining businesses and focus on simplified digital industries for enhanced customer value and shareholder returns
Brazil's Embraer in deal to sell 80% of aviation business to Boeing
17 Dec 2018
The terms of the strategic partnership, announced today, however, remain unchanged from the joint-venture plans first announced in July, which still needs approval from the Brazilian government
Flipkart parent gets a Rs2,190-cr equity boost from Walmart
12 Dec 2018
The fresh infusion of funds by Walmart comes amidst reports that Flipkart may invest in or partner with offline retailers in groceries and furniture to take on arch rival Amazon in India
HCL to acquire seven IBM software products for $1.8 billion
07 Dec 2018
HCL Tech said the deal that includes seven software products represents a total addressable market of more than $50 billion
Latest articles
Featured articles
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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