Readers who have dealt with IT systems, vendors, processes will be surprised to read the words IT (Information Technology Systems) and Simple in the same sentence. IT plays a very critical role and is all-pervasive. IT...
Brazil says LATAM, IAG airline deal could pose competition problems
Brazil’s competition regulator Cade said on Monday that a deal between LATAM Airlines LAN.SN, British Airways and Iberia (ICAG.L) could have a negative impact on routes between Brazil and Europe. Chile...
L&T Infotech to buy analytics start-up
Leading IT services provider L&T Infotech on Tuesday announced an acquisition of Pune-based analytics start-up AugmentIQ Data Sciences Ltd for an undisclosed amount. “The acquisition will enable us to gain...
Samsung sells printing unit to HP for $1.05 billion
Seoul: Samsung Electronics will sell its printer business to US computer maker HP, the companies said on Monday, as the South Korean giant accelerates restructuring efforts amid a generational power transfer in the...
Yahoo Japan sought merger with parent ahead of Verizon deal
San Francisco: Yahoo Japan Corp. proposed a “merger of equals” with Yahoo! Inc—but was rebuffed—during a months-long process that eventually led to Verizon Communications Inc. acquiring the US internet company’s core...
Govt makes fresh push for NSEL’s merger with FTIL
The government has made a fresh case for the merger of National Spot Exchange Ltd (NSEL) with its parent Financial Technologies India Ltd (FTIL), now renamed 63 Moons Technologies Ltd. NSEL’s dependence on FTIL for...
Macquarie Infrastructure, Tata Housing to partner for Rs2,000 crore projects
Bengaluru: Macquarie Infrastructure and Real Assets (MIRA), an arm of Australia’s Macquarie Group Ltd, and realty firm Tata Housing Development Co. Ltd are close to setting up a joint investment platform to invest...
ONGC to embark on corporate revamp
ONGC to embark on corporate revamp ONGC is stepping into another phase of corporate restructuring shortly. The aim is to establish a fast and an efficient decision making process, as suggested by McKinsey. Initiated a...
Steel in the melting pot of mergers
Steel in the melting pot of mergers Jayanta Mallick D. Murali Waves were battering the jagged coastline, as if they were ever trying to consolidate in strength. And Binoy, watched from one of the ancient stone chariots...
Promoters take merger route to avoid open offers
Promoters take merger route to avoid open offers A large number of promoters have increased their holdings in listed companies by more than the permissible limit specified by SEBI during a financial year but have...
Formation of JV with states for rail projects
The Union cabinet chaired by Prime Minister Narendra Modi today approved a proposal for formation of joint venture companies between Indian Railways and state governments to mobilize resources for executing rail...
Haier’s GE unit buy highlights growing China M&A maturity
In the lead up to General Electric Co’s appliance unit auction, Haier Group did something Chinese bidders have rarely dared to do in a competitive global M&A deal. While informal discussions centered around a...