U.S. money wiring giant Western Union Co said it made an informal offer to buy Australian online rival OzForex Group Ltd for A$888 million ($632 million), aiming to boost its access to one of the world’s biggest...
Amtek Auto may sell Tekfor for Rs 6,000 crore
Debt-ridden Amtek Auto might end up selling Tekfor, the German forging company it acquired in 2013, for Rs 6,000 crore. The Delhi-based automobile component maker is looking to receive bids from about a dozen bidders...
Marriott to buy Starwood to create world’s biggest hotel chain
Marriott International Inc will buy Starwood Hotels & Resorts Worldwide Inc for $12.2 billion to create the world’s largest hotel chain with top brands including Sheraton, Ritz Carlton and the Autograph...
Inbound M&A Deals on I-T Department’s Radar
The Tax department has fixed its eagle eye on yet another target — this time it’s inbound mergers and acquisitions (M&As). Forty companies are said to have received notices and the total tax demand...
Consolidation of clicks
Over the last decade, the Internet has changed the way of living of people. Due to the proliferation of Internet use, everything in the world is getting online. From Good Morning to Good Night, everything is available...
High-level Committee to Look at More Changes in Companies Act
Another round of amendments to Companies Act 2013 are in the pipeline after the government eased a host of provisions of the comprehensive law enacted by the previous UPA government that was seen by many...
Sebi May Tweak Listing Norms For Start-ups
Securities and Exchange Board of India (Sebi) is all set to introduce new guidelines for technology-related start-up companies. Sources say Sebi is likely to consider increasing the portion of the issue size...
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...
New Companies Act Shall Include Setting Up IEPFA And NFRA
The corporate affairs ministry has charted its road map for full implementation of the new Companies Act that envisages setting up Investor Education and Protection Fund Authority (IEPFA) and National...
IDFC Demerges Financial Unit Into IDFC Bank
Infrastructure Development Finance Company Ltd (IDFC) on 30 October 2014, informed stock exchanges that it received the board’s approval to demerge its financial undertaking into a wholly owned step-down...
SMALL IS THE NEW BIG
Market regulator SEBI, vide notification dated 8th October 2013 issued the SEBI (Listing of specified securities on Institutional Trading Platform) Regulations, 2013. SEBI has initiated a new trading platform for the...
Mphasis Acquires Digital Risk
Mphasis (an HP Company) is said to have acquired Florida-based Digital Risk LLC. Digital Risk is one of the largest independent providers of Risk, Compliance and Transaction Management solutions to the United States...