M&A
Verizon, Amazon eye $4 bn stake in Vodafone Idea: report
04 Sep 2020
Acquisition of a majority stake in Vodafone Idea would help Amazon set up competition against Reliance Industries while it would open up a market for Verizon’s 5G telecom offerings
Adani Group to acquire 74% stake in Mumbai, Navi Mumbai airports
01 Sep 2020
Adani to assume the entire debt of GVKADL in Mumbai International Airports Ltd and the 23.5 per cent interest of two other investors to take a 74 per cent stake in MIAL and the green field Navi Mumbai Airport, respectively
Reliance-Future Group set to sign Rs30,000-cr retail asset deal: report
31 Aug 2020
FEL will transfer the retail and wholesale undertaking to Reliance Retail and Fashion Lifestyle Limited (RRFLL) and the logistics and warehousing undertaking to Reliance Retail Ventures Ltd while RRFLL will invest Rs1,200 crore in the preferential issue of equity shares of Future Enterprises Ltd to acquire a minority stake in FEL
Govt to sell 15% stake in?defence PSU Hindustan Aeronautics
28 Aug 2020
Hindustan Aeronautics Ltd had reported operational revenue of over Rs20,000 cr in FY20 and the sale of a 15 per cent stake in the defence PSU at a floor price of Rs 1,001 a share, could fetch the government as much as Rs5,020 crore
Nippon Paint allots 60% shares to Wuthelam Group in $12 bn asset deal
24 Aug 2020
The deal involves merger of Nippon Paint’s joint ventures with the Wuthelam Group in the Asia region, including in the Indonesia Business and conversion to subsidiary through a third-party allotment of shares
Bytedance’s lip-syncing app TikTok claims $50 bn-plus valuation
03 Aug 2020
Recent reports suggest that TikTok’s current valuation has, in fact, fallen to around 50 billion against its earlier valuation of over $100 billion
ArcelorMittal Nippon Steel taps Japanese banks for $5.15 bn loan for Essar Steel acquisition
17 Mar 2020
Yes Bank rescue: SBI, 7 other investors to pool in over Rs12,000 cr
13 Mar 2020
SBI, the lead investor, which has proposed to invest up to Rs7,250 crore in Yes Bank, has also recommended that the current administrator of Yes Bank, Prashant Kumar, be appointed as the new CEO of the bank
RBI announces reconstruction of Yes Bank; SBI to pool in 49% equity
09 Mar 2020
As per the scheme of reconstruction, the authorised share capital of Yes bank will stand altered to Rs5,000 crore and the investor bank (SBI) will invest up to 49 per cent shareholding at a price not less than Rs10 for a Rs2 share, ie, at a premium of Rs8 per share
Govt invites bids for 52.98% stake in BPCL
09 Mar 2020
The offer for sale does not include BPCL’s 61.65 per cent stake in Numaligarh Refinery Limited (NRL) and management control thereon
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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