Logistics
EC to block TNT's $6.85-bn acquisition by UPS
14 Jan 2013
UPS today said it would abandon its $6.85-billion takeover bid for its Dutch rival TNT Express as the European anti-trust regulator has indicated that it is inclined to reject the deal
TNT Express to sell airline operations if EU approves UPS merger
17 Nov 2012
TNT Express yesterday said that it would conditionally sell its airline operations to ASL Aviation Group, to ease regulatory concerns over its proposed merger with larger rival United Parcel Service
Singapore logistics firm GLP expands into Brazil
15 Nov 2012
C H Robinson to sell payment processing unit T-Chek to Electronic Funds Source for $302.5 mn
18 Oct 2012
Peugeot in exclusive talks to sell 75 per cent in Gefco logistics to Russian Railways for $1.04 bn
20 Sep 2012
European regulator widens probe into $6.4-bn UPS-TNT deal
21 Jul 2012
The acquisition of TNT will give UPS a stronghold in Europe, China, Russia, Brazil and India, most of which have high growth potential
Platinum Equity to acquire 65 % in Caterpillar Logistics for $750 million
11 May 2012
Caterpillar will retain a 35 per cent interest in Caterpillar Logistics Services and focus on expanding its core business, the company said in a statement
FedEx cuts forecast for economic growth
24 Mar 2012
UPS to acquire European rival TNT Express for $6.85 billion
19 Mar 2012
TNT holds a 9.6-per cent market share in Europe, while UPS holds 7.7 per cent, bringing the combined stake to 17.3 per cent and on par with rival DHL's 17.6 per cent
TNT Express rejects UPS's $6.43-bn takeover offer
18 Feb 2012
Both companies say they are still in talks, and TNT will give an update on its overall strategy on 21 February, when it reports fourth-quarter results
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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
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Market predator Hindenburg preys on Adani stock
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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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