Yahoo Inc (YHOO.O) shelved plans to spin off its stake in Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) on Wednesday, under pressure from activist investors worried about billions of dollars in taxes, and...
Dow Chemical and DuPont in merger talks: sources
Dow Chemical Co (DOW.N) and DuPont (DD.N) are in talks to merge, creating a chemicals giant with a market value of more than $120 billion that could then break up into different businesses, people familiar with the...
Tata Comm concludes deal to sell Neotel fixed line to Vodacom
NEW DELHI: Tata CommunicationsBSE -2.47 % today said it will sell majority of its subsidiary Neotel’s fixed line assets to Vodacom South Africa but will retain control of licences including spectrum. The deal was...
JP Morgan AMC sells Amtek Auto debentures
JP Morgan Asset Management Company (AMC) has managed to sell the debt papers of Amtek Auto to a private equity firm at a 15 per cent loss, according to sources. Following the move, JPMorgan allowed investors to make...
Zeal to Excel : Sameer Gehlaut
Sameer Gehlaut, the chairman of Indiabulls Group is a firm believer in taking the bull by the horns. After fighting several odds, the 40-year old entrepreneur has created a Rs 34,000-crore company (market...
Reliance Communications agrees to sell towers business to Sanjiv Ahuja-TPG combine
MUMBAI: Reliance CommunicationsBSE -3.11 % signed a non-binding agreement to sell its telecom towers to Sanjiv Ahuja-led Tillman Global Holdings and private equity buyout group TPG in a move that could alleviate the...
Raymond James to Buy Deutsche Bank U.S. Private-Client Unit
Raymond James Financial Inc. agreed to buy Deutsche Bank AG’s U.S. private-client services unit, adding offices in the Northeast and mid-Atlantic region. Haig Ariyan, co-head of wealth management in the Americas for...
8 new bidders for R-Infra cement biz
After Aditya Birla Group’s UltraTech Cement, eight more bidders have joined the race to buy Reliance Infrastructure (RInfra)’s cement business. These are Carlyle, Blackstone, Baring, Cemex, JK Cement, Birla...
Dena Bank to raise equity, slash govt stake to 52%
Dena Bank plans to raise equity capital by issuing new shares and pare the government holding from 65 per cent to 52 per cent. The government had infused capital worth Rs 407 crore in the public sector lender in the...
Softbank, Alibaba form global alliance to take on Uber
Ola, India’s largest app-based taxi aggregator, has gone global, partnering with China’s Didi Kuaidi, US-based Lyft and southeast Asian GrabTaxi to offer seamless access to cabs on their apps in these countries. The...
M&A Happenings: November 2015
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals December’15 November’15 Agriculture 1 – Financial Services 2 1 Investments – – Information Technology – 2...
Airtel, Vodafone plan to buy Videocon spectrum
Bharti Airtel and Vodafone India might buy additional spectrum in three circles from Videocon due to their acute need of fourth generation (4G) technology based radio waves in Bihar, Uttar Pradesh (UP) East and Haryana...