M&A
Sachin Bansal likely to quit Flipkart if Walmart stake sale goes through
04 May 2018
While Binny Bansal is likely to sell about a tenth of his shares in Flipkart, it is not clear how much Sachin Bansal, who holds about 5.5 per cent stake in Flipkart, will sell
NCLT orders Binani lenders to consider UltraTech offer
03 May 2018
The tribunal pointed out that while the UltraTech offer was not legally binding, nothing prevented the CoC from accepting a superior bid from UltraTech, which offered Rs1,022 crore more to the lenders
L&T selling off E&A unit to Schneider Electric for Rs14,000 cr
02 May 2018
The divestment of E&A business, the biggest for the company, is in line with L&T’s stated intent of unlocking value within the existing business portfolio
T-Mobile to acquire Sprint in $26-bn deal, create $146-bn 5G behemoth
30 Apr 2018
Compared to T-Mobile’s network today, the combined company’s network is expected to deliver 15 times faster speeds on average nationwide by 2024, with many customers experiencing up to 100 times faster speeds than early 4G
Walmart may get 3-4 seats on Flipkart board after stake purchase
30 Apr 2018
US retail giant Walmart, which is in negotiations for a large stake in Flipkart, may be given three or four seats on the ten-member board of the online retailer, which will continue to be run as an independent company if the deal goes through
Aditya Ghosh exits as IndiGo chief, Gregory Taylor in line for job
28 Apr 2018
IndiGo president and director Aditya Ghosh unexpectedly resigned as CEO of India's largest and most proftable airline, with Rahul Bhatia, the billionaire director of parent company InterGlobe Aviation Ltd, taking over as an interim CEO
Fortis to consider all binding bids till 1 May; Manipal gets extra leeway
28 Apr 2018
The Fortis Healthcare board will meet on 10 May to consider all binding bids till 1 May, while the frontrunner, the Manipal Health Enterprises-TPG combine, will be allowed to revise its offer till 6 May
Bharti Infratel, Indus Towers to merge in a $20-bn deal
25 Apr 2018
While the merger of Bharti Infratel and Indus Towers will create a combined company that will be owned by Bharti Airtel and Vodafone with equal rights, Vodafone and Idea Cellular will have an exit option in future
IHH, KKR submit binding bids for Fortis, Manipal revises bid
25 Apr 2018
IHH has offered to infuse Rs650 crore immediately into Fortis Healthcare, while Radiant-KKR has offered to purchase Fortis Mulund for Rs1,200 crore without any due diligence, and Manipal-TPG submitted a revised offer which includes a premium of Rs1,319 crore
US generic drugmaker Akorn files lawsuit against Fresenius for terminating $4.75 bn deal
24 Apr 2018
NCLT directs Essar lenders to reconsider Arcelor, Numetal bids
21 Apr 2018
The NCLT order invalidates the second round of bidding for Essar Steel involving Vedanta and JSW Steel and opens the possibility of ArcelorMittal or Numetal winning the race for Essar Steel
Latest articles
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Featured articles
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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