M&A
Express Scripts and Medco Health in $29.1-bn merger pact
22 Jul 2011
Express Scripts today said that it would acquire Medco Health Solutions for $29.1 billion, creating the largest pharmacy benefits management (PBM) companies in the US health care industry
Carl Icahn corners Clorox with 13-bn bid
21 Jul 2011
Activist-investor Carl Icahn yesterday raised his unsolicited bid for Clorox to $13 billion and offered to place $5.2 billion in an escrow account signalling his ability to finance the deal
Ecolab, Nalco to merge in $8.1-bn deal
20 Jul 2011
US cleaning products giant Ecolab Inc today said that it will buy industrial water treatment company Nalco Holding Co in a deal valued at around $8.1 billion including debt
Komli Media buys mobile advertiser Zestadz
20 Jul 2011
Clorox rejects Icahn's $12.6-bn bid, adopts shareholder rights plan
19 Jul 2011
Icahn, who is the company's largest investor with a 9.4-per cent stake, had last week put Clorox into play in a bid to flush out prospective buyers, with his $12.6-billion bid
Cisco to axe 6,500 jobs; to sell set-top box facility to Foxconn
19 Jul 2011
Cisco Systems yesterday announced that it would reduce costs by $1 billion and cut 6,500 jobs or approximately 9 per cent of its total workforce, in a restructuring aimed at reviving its sagging business
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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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