Early in his childhood when his peers sang rhymes, Laxmanrao Kirloskar was fond of two things very distinct from others: mechanical objects and painting. All against his father’s wish and with financial support from his...
Times Internet partners with Investopedia to deliver trusted financial content to India.
Times Internet, the largest Indian Digital Network, today announced a strategic partnership with Investopedia.com, one of the web’s premier destinations for financial information. Through this partnership...
Asia Climate Partners to pick stake in ColdEX.
Private equity fund Asia Climate Partners is set to pick up India Equity Partners’ minority stake in Gwalior-based cold chain logistic company ColdEX Logistics, people close to the development said. Asian...
SIS Security sets up new JV with Spain’s Prosegur.
SIS Security, one of India’s largest security services companies, has formed a new joint venture with Spanish security services giant Prosegur, to offer alarm monitoring and response solutions for homes and small...
Lack of raw materials pushes VISA Steel into SDR corner
VISA Steel announced last September that the Joint Lenders Forum had decided to invoke strategic debt restructuring (SDR) norms in accordance with the Reserve Bank of India circular dated June 8, 2015, after an earlier...
Power producer Dominion to buy Questar in natural gas push
Dominion Resources Inc (D.N) said it would buy Questar Corp (STR.N) for about $4.4 billion in cash, the latest power producer to bet on stable revenues from natural gas distribution at a time when power demand is waning...
Strides-Shasun Combining to Accelerate Strategy and Growth
On 29th September 2014 Board of Directors of Strides Arcolab Limited (‘Strides’) and Shasun Pharmaceuticals Limited (‘Shasun’) announced that both companies have approved Scheme of Amalgamation between the two companies...
One more Acquisition by Inox Leisure LTD
In line with its strategy to expand its footprint in India, multiplex chain INOX Leisure Ltd (INOX) has acquired Satyam Cineplexes Ltd. This is Inox’s third acquisition since 2007 when it acquired Kolkata’s Calcutta...
General Atlantic buys 17 pct stake in Brazil retailer Pague Menos
Dec 21 Empreendimentos Pague Menos SA, Brazil’s No. 3 drugstore chain, agreed to sell a 17 percent stake to U.S. private-equity firm General Atlantic LLC for 600 million reais ($150 million), the latest deal...
OrbiMed Invests In Online Pharmacy Startup NetMeds Marketplace
Online pharma aggregator Netmeds.com, has raised about R325 Cr ($50 Mn) from healthcare focused mid-stage PE firm OrbiMed. The round also saw the participation from Pradeep Dadha Group and boutique investment bank MAPE...
Western Union makes $630 mln proposal for smaller Australian online rival
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...
Piramal Abbott Story : Deal Impact
In 2010, Ajay Piramal promoted Piramal Healthcare sold off its main formulation business to Abbott India for over INR 17,000 crore and announced a buy-back of up to 20% of outstanding share capital of the company at INR...