What is Management Buy-out (MBO): In an ideal MBO, financial institutions or other fund lending institutions act like venture capitalist and support management of the company in buying out stakes from the promoter(s) of...
Thomas Cook to focus back on travel business post series of varied acquisitions: Unlocking potential value
Thomas Cook (India) Ltd. (TCIL) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE...
Indus Towers: World’s largest tower company: Forced Exit by Idea & Providence?
Bharti Infratel, incorporated on November 30, 2006, is India's leading provider of tower and related infrastructure and it deploys, owns and manages telecom towers and communication structures for various mobile...
ITO Vs M/s. Zinger Investments (P) Ltd.
Facts of the case The assessee filed its return of income, declaring Nil income. Subsequently, action was initiated under section 147 of the Act by issuing a notice under section 148 calling upon the assessee to submit...
P&G acquires Merck’s Consumer Healthcare Business
MERCK LIMITED (MERCK INDIA), formerly E. Merck Limited, was set up in India as Merck’s first Asian subsidiary in 1967. The company operates both its pharmaceuticals and chemicals businesses in the country. Merck was...
ITO Vs Tini Pharma Ltd., Hyderabad
Facts of the case: Assessee company, engaged in the business of manufacture and sale of Bulk drugs and pharmaceutical formulations, filed its return of income for the AY 2007-08 on 28/10/2007 declaring loss of Rs...
Merger of four loss-making PSU banks on the cards
To order to bring in efficiency in the functioning of loss-making public-sector banks (PSBs), the government is considering merging at least four such banks because of rising bad loans. The four banks are Oriental Bank...