M&A
And now, Google, Paytm team up for 7-10% stake in Future Retail
27 Aug 2018
News of entry of another foreign suitor in India’s retail-online market, with investment plan pegged at Rs3,500-4,000 crore, boosted Future Retail stock by 6 per cent in morning trade today
Lenders approve Adani Wilmar’s Rs6,000-cr bid for Ruchi Soya
24 Aug 2018
Indore-based Ruchi Soya Ltd, which markets edible oil brands like Nutrela, Mahakosh, Sunrich, Ruchi Star and Ruchi Gold, is already India’s largest edible oil maker and its acquisition will make Adani Wilmur, the maker of Fortune brands, a major force in the edible oil market
Walmart files caveat in HC to pre-empt move by Cait and SJM
21 Aug 2018
Traders say the approval for Walmart’s acquisition of Flipkart “violated government’s FDI policy and that the combination is a sinister design to control and dominate the retail trade through the passage of e-commerce policy
Alibaba in talks with Reliance Retail for e-commerce JV: report
20 Aug 2018
A stake in Reliance Retail will give Alibaba an edge over Walmart and Amazon as foreign entities are not allowed to hold inventory in India and can only operate as marketplaces
KKR acquires 60% stake in Ramky Enviro Engineers
13 Aug 2018
Flipkart-Walmart deal gets regulatory approval
09 Aug 2018
While the Flipkart-Walmart alliance aims to fend off competition from e-commerce giant Amazon, the US retail giant announced plans to hire 1,000 professionals and also projected creation of 30,000 direct and indirect jobs through new cash-and-carry shops
SoftBank sees 50-fold rise in net profit at $2.8 bn on back of Flipkart deal
07 Aug 2018
SoftBank showed a gain of around $1.48 billion on its balance sheet due to an increase in the fair value of its stake in Flipkart, translating to a 60-per cent return on its investment ahead of its sale to Walmart
Cisco to acquire Duo Security for $2.5bn
03 Aug 2018
Online food business M&As heating up in India
02 Aug 2018
Cabinet nod for LIC to buy 51% stake in ailing IDBI Bank
02 Aug 2018
Rubbishing talk of a negative impact of the deal on the Life Insurance Corporation, acting finance minister Piyush Goyal said the deal will help LIC get 2,000 bank branches of the bank to market its policies across country
Hindalco arm Novelis to acquire Aleris for $2.58 bn
27 Jul 2018
With the acquisition of Aleris, Novelis enters the high-end aerospace segment, with technological capabilities in manufacturing and considerable R&D infrastructure
Vodafone Idea gets final regulatory approval
26 Jul 2018
Aditya Birla Group chairman Kumar Mangalam Birla will now be the chairman of the country’s biggest telecom company while Balesh Sharma, currently chief operating officer of Vodafone India, will be its CEO