M&A
Tata Steel, Thyssenkrupp joint venture faces deeper EU probe
31 Oct 2018
The European Commission is reported to have stated that its initial probe “raised several issues,” especially relating to combining the companies’ offer of certain specialty flat carbon steel and electrical steel products
ArcelorMittal wins bankrupt Essar Steel despite Ruias’ last ditch effort
26 Oct 2018
Once all regulatory processes are completed, ArcelorMittal, the world’s top steel maker, will jointly own and operate ESIL in partnership with Nippon Steel and Sumitomo Metal Corporation, Japan’s largest steel producer and the third largest steel producer in the world
Tata Group eyes controlling stake in Jet Airways
19 Oct 2018
The diversified Tata Group, which owns majority stakes in two airline joint ventures - Vistara and AirAsia India - is now looking to expand its presence in the aviation sector
Barrick Gold to acquire Randgold in a $6.5 million all-stock deal
26 Sep 2018
The merger will create the world’s largest gold miner with combined 2017 production of 6.64 million ounces
Tata Steel to acquire Usha Martin’s steel biz for up to Rs4,700 cr
24 Sep 2018
Usha Martin is amongst the largest wire rope manufacturers in the world and a leading speciality steel producer in India
Govt to merge Bank of Baroda, Vijaya Bank and Dena Bank
18 Sep 2018
The merger of the three loss-making banks would create a larger entity with higher net worth and higher financial clout, which would help instil greater confidence in these banks
ArcelorMittal raises bid for Essar Steel to Rs42,000 crore
11 Sep 2018
Essar Steel, with its 10 million tonne a year production capacity, had outstanding debt of Rs50,786 crore as of March 2018 and the Rs42,000 crore offer is almost 83 per cent of its outstanding debt
Infosys sets up joint venture with Temasek to expand in S-E Asia
07 Sep 2018
Infosys will hold 60 per cent stake in the joint venture, Trust Services, with Temasek holding 40 per cent
Aurobindo to buy Sandoz’s dermatology business in US for $1 bn
07 Sep 2018
Aurobindo will pay $900 million for about 300 products, three manufacturing facilities in the US and Eon Labs Inc, a wholly owned unit of Sandoz Inc, besides performance-based payments of $100 million on products in the pipeline
Anil Agarwal all set to take Vedanta Resources private
04 Sep 2018
The move is aimed at acquiring a stake in Anglo American which will give the group access to diamonds, copper, platinum, coal, iron ore, nickel and manganese markets
Idea, Vodafone complete merger
31 Aug 2018
Idea-Vodafone merger gets NCLT approval
30 Aug 2018
While this clears the way for merger of India’s second and third-largest telecom service providers to form the largest telco in the country, the road ahead for the merged entity is not smooth
LIC to buy 14.9% in IDBI Bank initially as deal hits legal hurdle
29 Aug 2018
While an insurance company is not allowed to buy more than 15 per cent in another financial institution, the government has given a one-time exemption to LIC to raise its stake in IDBI Bank to 51 per cent