When two big giants form a conglomerate it can change the dynamics of an industry; precisely what will happen in the chemicals and agricultural industries globally. Dow Chemical and DuPont, the two...
Brazil’s Itau to buy BTG’s stake in Recovery for 640 mln reais
Dec 31 Itaú Unibanco Holding SA agreed to buy a controlling stake in Latin America’s largest debt collection agency, Recovery do Brasil, from investment bank Grupo BTG Pactual SA for 640 million reais ($161.64...
Brazil’s Itau to buy BTG’s stake in Recovery for 640 mln reais
Dec 31 Itaú Unibanco Holding SA agreed to buy a controlling stake in Latin America’s largest debt collection agency, Recovery do Brasil, from investment bank Grupo BTG Pactual SA for 640 million reais ($161.64...
Truecaller joins the campaign against Facebook’s Free Basics
Caller identification app Truecaller, whose largest market is in India, has joined the campaign against Facebook’s Free Basics and called for adoption of net neutrality. Net neutrality means access to free and...
Greece’s Eurobank sells insurance unit to Fairfax for 316 mln euros
Greece’s third-largest lender Eurobank agreed to sell an 80 percent stake in its Eurolife ERB insurance subsidiary to Canada’s Fairfax Financial Holdings Ltd for 316 million euros ($345 million) on Tuesday...
Pfizer- Allergan merger: Creating a pharma behemoth
Global acquisitions are gaining big momentum in value. Barely after a month of Dell-EMC merger for $67 billion in the IT space, the biggest deal is in the pharmaceutical industry as Pfizer Inc bought anti-wrinkle Botox...
ERGO to hike stake in HDFC ERGO to 48.74%
Germany-based ERGO Insurance Group will hike its stake from 25.84 per cent in HDFC ERGO General Insurance to 48.74 per cent. In a joint statement, Housing Development Finance Corporation Limited (HDFC) and ERGO said the...
AIA group to raise stake in Tata AIA Life Insurance to 49%
AIA group today said it will raise stake in the life insurance venture with Tata group to 49 per cent from the existing 26 per cent. AIA will increase shareholding in Tata AIA Life Insurance Company, a joint venture...
Shell’s Record Takeover of BG Clears Final Antitrust Hurdle
Royal Dutch Shell Plc got clearance from antitrust authorities in China for the takeover of BG Group Plc, removing the final regulatory hurdle for its biggest-ever deal. The clearance from China’s Ministry of Commerce...
Infosys invests $3 mn in WHOOP
Infosys on Monday said it had made an investment of $3 million (around Rs 20 crore) in US-based sports technology and wearable devices start-up, WHOOP, to take a minority stake, not exceeding 20 per cent. WHOOP...
Buffett reports 8.02 percent stake in Sears’ REIT Seritage Growth
Billionaire investor Warren Buffett disclosed an 8.02 percent stake in Seritage Growth Properties (SRG.N), a real estate trust created by retailer Sears Holdings Corp (SHLD.O). Buffett’s passive stake in Seritage...
Legal Aspects of E-Commerce – Part II
In this second part of the series, we have tried to cover types of FDI allowed and routes for Ecommerce Companies. We also have mentioned IP Law, it’s infringement and Jurisdiction issues. Foreign Direct Investment...