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...
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...
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...
Consolidating Future Retail
With rising disposable income of Indians, younger demography and fast-paced industrial development, Indian retail industry has emerged as one of the most dynamic sectors. The Indian retail industry accounts for 10% of...
Cheesiest Kraft-Heinz Merger
Investment firms 3G Capital and Berkshire have teamed up to create a new company through the merger of H J Heinz and Kraft Foods. The giant new company will be called the Kraft Heinz Company and will make it the third...
Income Tax Changes Made in Finance Bill, 2015 by Lok Sabha
Finance Bill, 2015 was passed in Lok Sabha on 30.04.2015 with certain amendments via a notice of amendment dated 30.04.2015. In this article, I have covered some of the amendment in Provisions related to...
Suzlon Sells German Arm Senvion For €1 Billion
Suzlon Energy Ltd signs the binding agreement with a US-based private equity firm, Centerbridge Partners LP for 100% sale of the stake in its wholly owned subsidiary i.e.Senvion SE which Suzlon Energy Ltd acquired...
Max India Demerges Into 3 Verticals
The Board of Max India Ltd, on January 27, 2015, has approved a Corporate Restructuring plan to split the company through a demerger, into three separate listed companies with three separate business verticals...
Shasun Pharmaceuticals And Strides Arcolab Ltd Merge
Shasun Pharmaceuticals has got the approval from Madras High Court for Scheme of Amalgamation with Strides Arcolab Ltd. The Competition Commission of India (CCI) has issued its approval for the proposed merger of drug...
Strides Arcolab Buys Generic Business Of Bafna
Strides Arcolab Limited (Strides) has bought a majority stake of Bafna Pharmaceuticals Limited’s India branded generics business Raricap (enterprise value) of Rs 65 crore. Strides paid Rs 48.1 crore in cash and balance...