M&A
Nippon Life set to buy 26 per cent in Reliance Life for $724 million
11 Mar 2011
With expected average economic growth rate of over 9 per cent and a comparatively low level of insurance penetration, India is seen by insurance firms as the most potential market other than China.
Essar group to revive Zimbabwe Iron and Steel Company
10 Mar 2011
Essar Africa Holdings Limited, a privately held company of the Essar group, will inject an initial $750 million to restart production at Zimbabwe's state-run steel firm
AIG repays another $6.9-bn TARP loan
09 Mar 2011
The US government had bailed out AIG with total loans of $182.5 billion following the global financial crisis, making it to be the biggest single bailout in US history
Sprint Nextel in talks to buy T-Mobile USA from Deutsche Telekom
09 Mar 2011
Deutsche Telekom aims to acquire a a 50-per cent stake in the combined entity through the deal to compete with bigger rivals AT&T Inc and Verizon Wireless
Cairn-Vedanta deal: ball firmly in ONGC’s court
08 Mar 2011
Cairn-Vedanta deal: ball firmly in ONGC’s court
08 Mar 2011
Cairn-Vedanta deal: ball firmly in ONGC’s court
08 Mar 2011
Oil ministry says Cairn responsible for delay
07 Mar 2011
Western Digital acquires GST from Hitachi in $4.3-bn cash-and-stock deal
07 Mar 2011
Western Digital today announced the acquisition of Global Storage Technologies (GST), a wholly-owned subsidiary of Hitachi Ltd, for $4.3 billion in a cash-and-stock transactio.
Hotel Leelaventure to raise Rs600 crore through 14.5-% stake sale to PE funds
05 Mar 2011
The company plans to raise about Rs250 crore through the sale of commercial property in Chennai, and another Rs400 crore from projects in Pune and Hyderabad
UK govt nod for Newscorp-BSkyB merger
04 Mar 2011
The UK government has cleared the way for media baron Rupert Murdoch to acquire TV news broadcaster BskyB, a merger likely to create a giant media company in the UK.
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