M&A
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
Cabinet approves proposal to sell REC to PFC
07 Dec 2018
Hindustan Unilever to merge GSK Consumer Healthcare
03 Dec 2018
The all-stock merger includes GSK CH India’s entire operations, including a consignment selling contract to distribute GSK CH India’s Over-the-Counter and Oral Health products in India
SC clears Rcom asset sale to Reliance Jio
30 Nov 2018
The Supreme Court today directed Anil Ambani-led Reliance Communications Ltd to furnish corporate guarantees of Rs1,400 crore to the centre and asked the latter to grant an NOC for RCom-Jio deal within a week from receiving the corporate guarantee
TCS acquires BridgePoint Group in the US
29 Nov 2018
Naresh Goyal offers to sell controlling stake in Jet Airways: report
28 Nov 2018
Goyal is now convinced that no investor, not just Tata Group, would want to invest in Jet if Goyal retains control over the company
Amazon set to acquire 9.5% stake in Future Retail for Rs2,000 cr
28 Nov 2018
While the initial investment will be in the form of portfolio investment, a deal could include Amazon buying out Biyani and promoter group’s entire holding in the future, subject to applicable regulations in India, say reports
Flipkart is now 81.3% Walmart
21 Nov 2018
The move, amidst a controversial exit of co-founder Binny Bansal and an expected rise in annual earnings of Flipkart, leaves the remaining shareholders with a mere 18.639 per cent stake
GAIL, Getco seek rejection of ArcelorMittal’s Essar Steel bid
20 Nov 2018
Essar Steel Asia Holding Ltd, the promoter of Essar Steel, had proposed to pay Rs54,389 crore that would cover all dues of the financial and operational creditors
Tatas scanning Jet Air books for potential acquisition: report
13 Nov 2018
While Tatas have the necessary resources and Jet Airways needs immediate cash injection to pay much delayed salaries to employees and payments to aircraft leasing companies, there is no certainty of a deal