M&A
Govt may dip into its LIC kitty again to bail out IDBI Bank
26 Jun 2018
Against non-performing assets of about Rs55,000 crore and stressed assets of nearly 60,000 crore, IDBI Bank had fixed assets worth Rs6,771 crore as of end March 2018
Saudi Aramco, ADNOC to share 50% stake in Ratnagiri refinery
26 Jun 2018
Saudi Aramco and ADNOC will together hold a 50-per cent stake in the 60 million tonnes a year Ratnagiri refinery project that is expected to come on stream by 2025
Govt puts off Air India stake sale plan
19 Jun 2018
The government is now looking at turning around Air India to ensure that it makes profits on overall basis before going in for a listing, as is required under Sebi listing norms
Google bets $550 million on Chinese e-commerce firm JD.com
18 Jun 2018
Google has been rapidly expanding its e-commerce business, partnering with Costco, Target, and Walmart and promoting products through the Google Assistant and Google Shopping
AT&T completes $85-bn acquisition of Time Warner
18 Jun 2018
The deal that brings together global media and entertainment leaders Warner Bros, HBO and Turner under AT&T’s banner, can still be challenged by the US justice department
Adani outbids Patanjali with Rs6,000-cr offer for Ruchi Soya
13 Jun 2018
Gautam Adani group company Adani Wilmar has bid Rs6,000-crore for Ruchi Soya to emerge the highest bidder, trumping rival bidder Patanjali Ayurved’s Rs5,700-crore offer for the insolvent edible oil company
Mergers are good news for investors
07 Jun 2018
Walmart to take kirana stores into confidence ahead of Flipkart buy
06 Jun 2018
Walmart is planning to open its second fulfilment centre in India as part of its kirana store programme, called 'Mera Kirana', which tries to empower and train local kirana stores
Idea gets DoT nod to raise up to 100% FDI
05 Jun 2018
Microsoft to acquire GitHub in a $7.5 billion deal
05 Jun 2018
Microsoft chief executive Satya Nadella says by joining forces with GitHub, the company will strengthen its commitment to developer freedom, openness and innovation
Bayer to phase out Monsanto brand name post closing of deal on 7 June
04 Jun 2018
German agro-chemicals giant Bayer AG plans to complete the acquisition of Monsanto on 7 June, becoming its sole shareholder in a blockbuster $66-billion deal
Walmart-Flipkart deal: RBI, ED to look into alleged FDI rule violation
02 Jun 2018
The commerce ministry has asked the Reserve Bank of India and the Enforcement Directorate to look into the alleged violation of FDI rules in the $16-billion Walmart-Flipkart deal
Air India finds no takers, but govt expects a last hour rush
31 May 2018
If a bidder does not step in, further decisions on the sale of AI will be taken by a group of ministers, formed to divest the airline, who will have to plan afresh to find an investor