M&A
ArcelorMittal sells 20 % stake in Canada’s Baffinland Iron Ore Mines to partner Nunavut
14 Dec 2012
With debts of around $23 billion, ArcelorMittal has sold a 20-per cent stake in Canada's Baffinland Iron Ore Mines to Nunavut
Renault raises $1.93 bn from Volvo stake sale
13 Dec 2012
Societe Generale to sell majority stake in Egyptian subsidiary to Qatar National Bank for $2 bn
13 Dec 2012
Bill Gates becomes Canadian National Rail's largest shareholder with 12 % stake
13 Dec 2012
US billionaire and Microsoft founder Bill Gates has boosted his stake in Canadian National Railway Co to approximately 12 per cent, worth around $4.7 billion
UTC to sell Pratt & Whitney’s power systems unit to Mitsubishi Heavy Industries
13 Dec 2012
The sale is part of United Technologies' plan to divest non-core assets and focus on aerospace and building solutions, following its $18.4 billion acquisition of Goodrich Corp earlier this year
BT exits Tech Mahindra
12 Dec 2012
BT, which set up Tech Mahindra as a joint venture with M&M and was its second largest shareholder, has been gradually paring its stake in the Indian firm
Delta buys Singapore Airlines' 49 % stake in Virgin Atlantic
12 Dec 2012
Virgin Group and Sir Richard Branson will continue to hold a majority 51 per cent stake in Virgin Atlantic, while Delta will get three seats on Virgin Atlantic’s board.
Roman Abramovich buys Norilsk Nickel stake for $1.49 bn to end battle between two oligarchs
11 Dec 2012
Honeywell to buy Intermec for $600 million
11 Dec 2012
Amgen to buy Decode Genetics for $415 million
11 Dec 2012
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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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