The Kapoor family has decided to sell off the landmark RK studio — 70 years after it was established — as it was not “economically viable” to rebuild it after it was gutted down in a fire last...
Mahindra’s CIE deal catapults it into the global arena
The journey of Mahindra and CIE Automotive that began in 2013 is a well thought out and superbly executed strategy to become a global leader in auto components space. There was no dilution in equity or any fresh fund...
Enforcement Directorate to sell Rs 4k-cr Vijay Mallya shares in United Breweries
The Enforcement Directorate plans to sell a large chunk of unpledged shares owned by Vijay Mallya in United Breweries, to raise more than Rs 4,000 crore, or nearly half of the money owed by the liquor baron to lenders...
MovieTime cinemas to invest Rs 125 crore on expansion
At a time when single-screen theatres are shutting down and the movie exhibition industry is witnessing a wave of consolidation among four top players, relatively smaller budget cinema chain, MovieTime Cinemas has...
Govt moves to take control of Unitech; NCLT supersedes board
The corporate affairs ministry has moved the National Company Law Tribunal (NCLT) seeking management control of debt-ridden real estate company Unitech on the grounds of alleged mismanagement and diversion of funds. If...
Sachin Tendulkar, P V Sindhu call off proposed investment in CallHealth
Legendary cricketer Sachin Tendulkar and ace shuttler P V Sindhu have called off their talks for investing in Hyderabad-based CallHealth Services, according to sources close to the cricketer. CallHealth, in a regulatory...
CLASS ACTION SUIT
Class Action Suit became reality for Indian investor(s)/depositor(s) under new Companies Act, 2013 which is also known as Representative Suit. This kind of lawsuit is very popular in countries like USA, UK, Singapore...
Riding off into the Sunset : Geometric Ltd.
In one of the largest acquisitions in the engineering services space, Shiv Nadar’s HCL Technologies Limited (HCL) a leading global IT services provider announced on April 1, 2016 that it was purchasing the IT services...
Maytas denies bid for merger, takeover
Maytas denies bid for merger, takeover The shares of Maytas Infra gained 4.30 per cent on Tuesday and closed at Rs 167.40 amid reports of Reliance Infra showing interest in the Hyderabad-based company promoted by...
A ‘great’ opportunity gone awry for MFs
A ‘great’ opportunity gone awry for MFs On December 16, when Satyam Computer Services (Satyam) declared that it wants to buy Maytas, it triggered investor activism, forcing the software giant to retract...
Defiance Tech scouting for buys
Defiance Tech, the Chennai-based engineering services company of the Hinduja Group, is set to establish an a centre in Bangalore. It is also on the lookout for acquisitions. The Bangalore centre would focus on aerospace...
Microsoft buys 10% in TCS China venture
Microsoft buys 10% in TCS China venture Microsoft Corp. has bought a 10 percent stake in a Chinese venture that is majority owned by Tata Consultancy Services Ltd., a senior TCS official said on Thursday...