M&A

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

Fortis board terminates Munjal-Burman offer, invites fresh bids
29 May 2018
Fortis will provide access to data comprising information on finances, litigation and update on pending investigation to new bidders while also allowing the three original bidders to participate in the process

Binani Cement lenders vote in favour of UltraTech offer
29 May 2018
UltraTech’s acquisition of Binani Cement will be subject to the Supreme Court’s ruling against the 15 May order of the National Company Law Appellate Tribunal that allowed lenders to consider UltraTech’s revised offer

Walmart will kill India’s domestic retail trade, warns CAIT
26 May 2018
Comparing Walmart to The East India Company, the Confederation of All India Traders says Walmart will penetrate retail trade through e-commerce, and indulge in predatory pricing and deep discounting, creating an uneven playing field for others

Barclays mulls merger with Standard Chartered: report
24 May 2018
Barclays says it has been talking about combing with various lenders including Deutsche Bank, Credit Suisse and DBS, as well

Amazon eyes Future Retail stake as Walmart pockets Flipkart
23 May 2018
Amazon, which lost out to Walmart in acquiring Flipkart, is reported to be in talks to acquire a 10-per cent stake in Future Retail Limited, the company which owns Big Bazaar and Easy Day

EGM may decide successful bidder for Fortis Healthcare
22 May 2018
Three directors nominated by promoters quit the company's board a day ahead of EGM on May 22 amidst talks of an MCA-initiated probe into the working of the company

Century Textiles to hive off cement business, sell it to UltraTech
21 May 2018
Aditya Birla Group firm UltraTech will acquire the cement business of BK Birla Group company Century Textiles and Industries through a share swap deal in which shareholders of Century Textiles will get one equity share of UltraTech for every eight equity shares held
Japanese major Sumitomo buys 49% stake for Rs 1,181 crore in Mukand’s special steel subsidiary
21 May 2018

Tata Steel completes acquisition of bankrupt Bhushan Steel
19 May 2018
Tata Steel said on Friday it has completed the acquisition of a 72.7 per cent stake in bankrupt Bhushan Steel Ltd (BSL) for Rs35,200 crore, making the first acquisition of a stressed asset under the new Insolvency and Bankruptcy Code

RCom, Ericsson propose to settle matter out of NCLT
17 May 2018
Creditor banks are reported to be backing the debt-ridden telco to counter Swedish gear maker Ericsson’s move in order to ensure that their dues are not compromised

ArcelorMittal deposits Rs7,000 cr with SBI to ensure eligibility for Essar
16 May 2018
The move to park about Rs7,000 crore in an escrow account of State Bank of India follows ArcelorMittal's bid for Essar Steel being questioned because of its past shareholding in loan defaulter Uttam Galva Steel
Latest articles
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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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