When I was young (Oh God, there I go again!) a movie running for 100 days was a significant achievement. (Today however, I see posters heralding a triumphant ten-day-run of movies.) Aradhana, the Hindi movie with...
Satyam to continue as independent entity’
Tech Mahindra, which has deposited Rs 2,910 crore to acquire 51 per cent stake in Satyam Computer Services, has said that it will allow Satyam to continue as an independent entity with a few changes. The company, which...
M&M acquires 35% stake in Finnish co Sampo Rosenlew, enters combine harvester biz.
Mahindra and Mahindra’s farm equipment division has picked up 35 per cent stake in Finland’s Sampo Rosenlew, a combined harvester specialist, for 18 million. This is Mahindra’s second global...
M&A Happenings : March 2016
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals March 2016 February 2016 Agriculture – 1 Chemicals 2 7 Entertainments – 1 Financial Services 3 7 Information Technology –...
Sumitomo Mitsui sells 1.8% stake in Kotak Bank
Japan-based Sumitomo Mitsui Banking Corporation on Tuesday sold 1.8 per cent stake in Kotak Mahindra Bank for Rs 3,433 crore, block deal data showed. Canada Pension Plan Investment Board picked up shares worth Rs 2,084...
Start-ups take to mergers to survive
For nearly six months, CommonFloor, once considered a promising bet in the start-up world, was struggling to raise funds to grow its business. The real estate listing platform was burning investor cash and needed money...
Ujjivan Financial raises Rs 300 cr in pre-IPO placement>
Microfinance lender Ujjivan Financial Services has raised Rs 300 crore from a clutch of investors, including HDFC Life and Sundaram MF, in a pre-IPO placement. “Ujjivan Financial Services which filed its draft red...
Tata Motors & Bharat Forge tie up for $11-bn defence bid
Tata Motors, Bharat Forge and General Dynamics have forged an alliance to bid for the $11 billion (Rs 78,000 crore) project of making combat infantry vehicles for the Indian Army under the Future Infantry Combat Vehicle...
Kotak expects to reap ING Vysya aquisition benefits from April ’16.
Kotak Mahindra BankBSE 0.23 % will begin to enjoy full benefits of the ING Vysya acquisition from April as it moves to a single technology platform and pushes loan growth through a wider branch network, Shanti...
IFCI sells 0.17% stake in NSE for Rs 29.6 cr
Financial institution IFCI on Wednesday told exchanges that it had sold 0.17 per cent stake in the National Stock Exchange (NSE) for Rs 29.6 crore. Without disclosing the name of the buyer, IFCI said it had sold 75,000...
TechM set to start joint venture firm for payments banks
Tech Mahindra, India’s fifth-largest information technology firm, is set to roll out a new joint venture (JV) company to handle its payments banking operations. The software major will form a joint venture with group...
M&M & Minda Group’s unique joint venture in Yerwada Jail employs convicts to work on Bolero pickup
Rohan Hajare and his team work about eight hours daily to complete 90 wiring harnesses for automaker Mahindra & Mahindra’s best-seller Bolero pickup. Hajare though, is not an engineer; he is a convict. He...