M&A
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
International Paper to sell its India business to West Coast Paper
30 May 2019
Depending on the open offer, WCPM will acquire 51-60 per cent of APPM’s shares at Rs275 per share from IP for a total of around Rs660 crore
Fiat Chrysler proposes 50:50 merger with Renault
28 May 2019
The Fiat Chrysler Automobiles and Groupe Renault combination together with its Nissan and Mitsubishi partners would be the largest global OEM alliance, selling more than 15 million vehicles annually
CCI approves GSK-Pfizer consumer healthcare JV
24 May 2019
Tata to merge consumer business into Tata Consumer Products
16 May 2019
Tata Global Beverages and Tata Chemicals will combine their consumer product brands into a new focused entity called Tata Consumer Products Ltd, with annual turnover of Rs9,099 crore
Disney takes control of Hulu, to enter video streaming market
15 May 2019
With Hulu in hand, Walt Disney Co plans to enter global video streaming market that is currently dominated by companies such as Netflix Inc and Amazon
Billionaire Schwartz’s Onex Corp to buy Canada’s WestJet for $2.6 bn
15 May 2019
If Onex obtains shareholder and regulatory approvals, the deal would help Schwartz get his hands on an airline two decades after he missed out on buying Air Canada, WestJet’s bigger rival
EC refuses to clear Tata Steel-Thyssenkrupp joint venture
10 May 2019
Tata Steel said the two companies had proposed a comprehensive package of remedies covering all the areas of concern highlighted by the European Commission and that any additions to the remedy package would adversely affect the basic foundation of the proposed joint venture