Dow Chemical Co (DOW.N) and DuPont (DD.N) are in talks to merge, creating a chemicals giant with a market value of more than $120 billion that could then break up into different businesses, people familiar with the...
Burger King locked in trademark cases with food joints of similar names
NEW DELHI: Burger King has a whopper of a headache on its plate. Even before the world’s second-largest burger chain made its India debut a year ago, it has been locked in trademark cases in India – from a...
Apollo Tyres buys out Germany’s Reifencom for euro 45.6 million
MUMBAI: Apollo TyresBSE -1.25 % has acquired German tyre distribution firm Reifencom GmbH for 45.6 million euros, or about Rs 324 crore, in a move that will take its brand closer to customers in Europe. “It will...
Tata Comm concludes deal to sell Neotel fixed line to Vodacom
NEW DELHI: Tata CommunicationsBSE -2.47 % today said it will sell majority of its subsidiary Neotel’s fixed line assets to Vodacom South Africa but will retain control of licences including spectrum. The deal was...
Shemaroo partners with DTH players to launch ‘Miniplex’
MUMBAI: Film content and entertainment business provider Shemaroo Entertainment plans to launch its movie premiere service ‘Miniplex’ on cable and online after partnering with two DTH players. Shemaroo last...
Kaya to acquire majority stake in UAE-based Iris Medical
NEW DELHI: Marico group firm Kaya Ltd will acquire 75 per cent stake in Abu Dhabi-based Iris Medical Centre LLC, in association with its local partner, for an undisclosed amount. “Kaya Middle East, DMCC, a foreign...
Ashoka Buildcon fully acquires Ashoka Path Nirman
NEW DELHI: Roads developer Ashoka BuildconBSE -0.49 % today said it has fully acquired Ashoka Path Nirman Ltd. “Ashoka Buildcon Ltd has informed… regarding acquisition of 100 per cent share capital of Ashoka...
Havells to dilute majority stake in Sylvania to focus on domestic market
NEW DELHI: HavellsBSE -0.34 % India, a maker of lighting and electrical products, may divest its majority stake in European lighting systems and fixtures company Sylvania, which it acquired in 2007 and became a global...
Asian Paints to buy 51% stake in Ethiopia-based Kadisco Paint
NEW DELHI: Asian PaintsBSE -0.34 % will acquire 51 per cent stake in Ethiopia-based Kadisco Paint through its Singapore-based subsidiary Berger International for an undisclosed sum. “Berger International Limited...
JAB-led investor group to buy K-Cup maker Keurig for $13.9 billion
Europe’s JAB Holding Co is leading a $13.9 billion buyout of Keurig Green Mountain Inc in a deal that would give it 60 percent control of North America’s single-serve coffee market and advance its ambitions...
China’s BTG Hotels to acquire economy hotel chain Homeinns for $1.7 bln
Dec 8 China’s BTG Hotels Group said it will acquire domestic rival Homeinns Hotel Group for around 11 billion yuan ($1.7 billion), saying that the economy hotel chain will round out its portfolio of brands. State...
Paytm enters bus ticketing business; hotels next
Paytm, the mobile commerce platform and e-commerce entity, has made a foray into the travel segment, launching a bus ticket marketplace. It has tied up with four travel aggregators, to cover a wide range of bus routes...