M&A
ONGC to sell stake in IOC, GAIL, but only when price is right
23 Jan 2018
The oil explorer has got government approval to sell its stake in Indian Oil Corp and GAIL to help its Rs37,000 crore acquisition of Hindustan Petroleum Corp, though the immediate funds will come from short-term borrowing
ONGC to borrow Rs35,000 crore to finance government’s HPCL divestment
22 Jan 2018
In the first-ever debt programme, ONGC board has approved raising of the company’s borrowing limit from Rs25,000 crore to Rs35,000 crore, chairman and managing director Shashi Shanker has said
SoftBank wants Uber to focus on US, Europe and LatAm: report
20 Jan 2018
Softbank has high stakes in all major ride-hailing companies, including Uber and its Chinese rival Didi and India’s Ola, and it wants all of them to make money
Celgene Corp in talks to buy Juno Therapeutics
17 Jan 2018
Idea-Vodafone merger only a couple of nods away after NCLT clearance
13 Jan 2018
"The scheme is genuine, bona fide and in the interest of the creditors and the shareholders," said a bench of the NCLT, setting the stage for the creation of India’s biggest telco that will be well placed to take on Reliance Jio’s onslaught
Govt to go ahead with Air India stake sale
09 Jan 2018
The government will push ahead with the sale of stake in Air India and save taxpayer money rather than offer another package that will only deepen its debt
Toshiba sells Westinghouse to Canada’s Brookfield for $4.6 billion
06 Jan 2018
Bankrupt US nuclear firm Westinghouse Electric Co, which nearly brought its parent company Japan’s Toshiba on the brink of collapse, is being sold to Canadian buy-out firm Brookfield Business Partners
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