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...
JSW Energy Strengthen It’s Power Genration Business
JSW is aggressively betting on the expansion of its power generation business. Power Generation business has a huge gestation gap in terms of time from setting up the business to make it profitable. Therefore to make...
Castex Technologies Allots Shares
Even as the bond holders of Castex Technologies, formerly Amtek India, alleged manipulation, the company on Thursday converted around $80 million (Rs.530 crore) of bonds into equity. The Amtek group company...
REVERSAL OF TREND – BIRLA CORP TO BUY TWO UNITS OF LAFARGE
Birla Corp acquired Jojobera and Conadih cement plant from Lafarge for an enterprise value of INR 5000 crores which have a connection to the global merger of Lafarge from France and Holcim from Swiss had announced in...
Paved way for Merger of FMC with SEBI
On 24th August 2015 The Securities and Exchange Board of India (SEBI) paved the way for the merger of Forward Markets Commission (FMC) with SEBI. According to a press release issued by SEBI, its board has cleared the...
NSEL Investor Petitions: Sebi Probing FTIL, Promoters
The Securities and Exchange Board of India (Sebi) has told the high court at Mumbai that it is investigating complaints against Financial Technologies (FTIL) and connected entities and promoters, including...
LUPIN ACQUIRES US GENERICS FIRM GAVIS FOR $880 MILLION
Pharma industry is growing very fast mainly through the inorganic route and given below are some major deals in last five years. RanbaxySun TOP PHARMA DEALS IN INDIA Target Acquirer Deal Size ($bn) Year Ranbaxy Daiichi...
Cairn India’s Merger With Vedanta May Fall Through
Billionaire Anil Agarwal’s plans to merge his two India-listed companies, Vedanta (earlier known as Sesa Sterlite) with oil producer Cairn India, might fall through with two large minority shareholders...
Indian Automobile Sector: A Mileage Way Ahead
The automotive industry is a critical component of economic growth. The Indian auto industry is one of the largest in the world with an annual production of 23.37 million vehicles in FY 2014-15. The automobile industry...
GODREJ ‘s Consolidation of Interest in “THE TREES”
Godrej Properties Limited has informed that the Board of Directors of the Company at its meeting held on April 30, 2015, has approved the consolidation of Godrej Industries Limited’s interest in Godrej Vikhroli...
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...
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...