Shares of Sun Pharma witnessed massive selling pressure, plunging over 16 percent after the drug major said it expects to take a hit on profit for the fiscal 2015-16 mainly due to integration process with Ranbaxy. The...
VEDANTA’S “CAIRN” GAIN
London Stock Exchange-listed Vedanta Resources PLC, India’s biggest diversified natural-resources company, agreed to combine two of its Indian listed businesses — Vedanta Ltd. and Cairn India Ltd.—in an all-share deal...
Sterlite Technologies Demerges Power Division
Telecom and Power Transmission Solution provider Sterlite Technologies Limited is set to spin-off its power business into a separate unlisted entity named ‘Sterlite Power Transmission Limited’ while retaining its...
Consolidating Future Retail
With rising disposable income of Indians, younger demography and fast-paced industrial development, Indian retail industry has emerged as one of the most dynamic sectors. The Indian retail industry accounts for 10% of...
TATA’s Overseas Slack
Tata Group’s flagship company Tata Steel has decided a $1.6-billion goodwill impairment charge, or write-off, for the loss of value of Tata Steel Europe (TSE), formerly Corus, and other overseas assets in Thailand and...
M&A Happenings: May 2015
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals May 2015 April 2015 Auto Components 1 1 Engineering 2 4 Financial Services – 2 Investments 4 3 Information Technology 1 3 Jewellery...
Aditya Birla Group Strengthens Retail Business
In the corporate sector, consolidation is finally gaining momentum as many companies are bringing their businesses under one umbrella. In line with the trend, Aditya Birla group’s Aditya Birla Nuvo Limited (ABNL) has...
Cheesiest Kraft-Heinz Merger
Investment firms 3G Capital and Berkshire have teamed up to create a new company through the merger of H J Heinz and Kraft Foods. The giant new company will be called the Kraft Heinz Company and will make it the third...
Shree Cement Buys Out Jaypee Cement’s Panipat Unit
As north India has only 16% of the country’s limestone resources, cement companies try to consolidate by acquiring companies for their raw material needs. One example of such a consolidation is Shree Cements Ltd...
Income Tax Changes Made in Finance Bill, 2015 by Lok Sabha
Finance Bill, 2015 was passed in Lok Sabha on 30.04.2015 with certain amendments via a notice of amendment dated 30.04.2015. In this article, I have covered some of the amendment in Provisions related to...
Capgemini Secures IGate
Capgemini has acquired IGATE, a prominent US-listed technology, and services company headquartered in New Jersey. the transaction amounted to $4.04 billion. The merger agreement has been approved unanimously by both...
Sebi-FMC Merger to Boost Commodities Trading
Commodities regulator Forward Markets Commission (FMC) was merged with the capital markets regulator Securities and Exchange Board of India (Sebi) in September 2015. It is for the first time that a regulator had been...