M&A

Amazon acquires 49% stake in Future Coupons
23 Aug 2019
The move by American giant Amazon to acquire a stake in Future Coupons is heating up the retail scenario in India, especially with Walmart also planning major expansion and Reliance Retail joining hands with small-time retailers

Amazon to acquire 10% stake in Future Retail
13 Aug 2019
Under the agreement, Amazon will have the option to buy more shares from Kishore Biyani, Future Retail’s founder and chairman, giving the US e-commerce firm an edge over rival Flipkart and the planned e-commerce venture of Reliance Retail

Saudi Aramco to buy 20% in RIL's oil-to-chemical business for $75 bn
12 Aug 2019
Saudi Aramco will supply 500,00 barrels of crude oil a day to RIL's Jamnagar refinery under the long-term partnership

MasterCard to buy most of payments company Nets for $3.19 billion
07 Aug 2019
The acquisition of majority of Nets’ Corporate Services business will provide more depth and scale to MasterCard’s `Send and Transfast’ technologies that deliver cross-border payments to bank accounts, mobile wallets and cards

LSE to buy financial tech firm Refinitiv in $27 bn deal
01 Aug 2019
The deal will see the Blackstone-led consortium doubling the value of its investment in Refinitiv and the consortium of investment funds affiliated with Blackstone and Thomson Reuters ending up with about 37 per cent economic interest in LSEG and less than 30 per cent of the total voting rights of LSEG

Zee promoters sell 11% stake to Invesco Oppenheimer for Rs4,224 cr
01 Aug 2019
The funds raised will help the broadcaster buy time with lenders as a standstill agreement the group entered into with lenders expires on 30 September 2019

Telecom ministry okays merger of MTNL with BSNL
30 Jul 2019
MTNL, which operates only in the Mumbai and Delhi circles, will become a subsidiary of BSNL following the merger, says a report in the Business Line

Apple to acquire most of Intel’s smartphone modem business
26 Jul 2019
Almost 2,200 employees from Intel will join Apple, along with intellectual property, equipment and leases as Intel shifts focus on 5G technologies that will enable disruptive innovation in the network infrastructure

IBM completes $34-billion acquisition of Red Hat
10 Jul 2019
The acquisition positions IBM as the leading hybrid cloud provider and accelerates IBM's high-value business model, while extending Red Hat's open source innovation to a broader range of clients

NCLAT approves ArcelorMittal bid for Essar Steel, rejects Ruias’ offer
04 Jul 2019
The NCLAT also revised the approved claims of operational creditors to Rs19,700 crore, up from Rs5,000 crore and said the committee of creditors has no role in distribution of amount between operational and financial creditors

Liberty acquires European steel assets of ArcelorMittal for $740 million
01 Jul 2019
The deal brings Liberty Steel’s total rolling capacity to over 18 million tonnes, covering a wide range of finished products, and catapults it into top 10 steel producers globally outside China

Number of US states opposing T-Mobile-Sprint merger rises to 14
26 Jun 2019
US District Judge Victor Marrero noted that while the complaint, filed by attorneys who are Democrats, maintains that aggressive competition have resulted in “falling prices,” they also state the companies’ ability to signal each other on rates “has led to higher prices for consumers”
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Hariman Sharma lets apple travel to India’s warmer climes
10 Feb 2025
Apple, which was the preserve of the cooler Himalayan region in India, is now everywhere – in the East, the West and the South - thanks to one enterprising Himachal farmer, Hariman Sharma.

The cost of neglecting water transport
03 Feb 2025
Inland water transport is widely recognised as a cheaper and environment friendly mode of transport and, as per a report prepared by RITES

Crypto Currencies Trying To Undermine Global Financial System
27 Jan 2025
US President Donald Trump, it seems, is the latest to join the frenzy for personal or corporate currency, with $TRUMP, or what they call a meme coin, giving a further boost to his crypto image.

As costs of saying final goodbyes rise UK families resort to crowdfunding to pay for funerals
By Axel Miller | 16 Jan 2025
The cost of saying a final goodbye to loved ones in the UK has reached a grim new high, leaving families grappling with unexpected financial burdens.

The life and times of Manmohan Singh, former Prime Minister of India
By Cygnus | 28 Dec 2024
On 27th December 2024 India and the world lost one of their finest statespersons in a hundred years. Manmohan Singh, born on 26th September 1932, in Gah, Punjab (now in Pakistan)

The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.

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.
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