Tata Steel Limited, one of India’s largest steel manufacturing companies announced mega internal restructuring of its subsidiaries which will inter-alia usher in consolidation. Over a period, Tata Steel Limited expanded...
Lava in advanced talks with China’s Huaqin to form a JV
Home-bred electronics maker Lava is in advanced talks for a joint venture with Shanghai-based Huaqin Technology, the world’s largest original design manufacturer (ODM) for mobiles and tablets, industry executives...
Sebi gives go-ahead to HSBC AMC’s acquisition of L&T Investment Managers
The Securities and Exchange Board of India (Sebi) has given its go-ahead to HSBC AMC’s acquisition of L&T Investment Managers. The $425-million deal was first announced in December 2021 and received the...
NCLT adjourns Bajaj Hindusthan bankruptcy petition to December 7
The National Company Law Tribunal’s Allahabad bench has listed the State Bank of India petition against Bajaj Hindusthan Sugars for December 7. In an order dated September 14, the NCLT asked Bajaj Hindusthan to...
CES Ltd’s demerger scheme – benefits whom out of all stakeholders?
CES Limited is an Information Technology (IT) and Information Technology Enabled Services (ITES) provider, dedicated to serving the midsize market of global enterprises. It has mainly two divisions i.e., IT Division and...
Hitachi Energy looks at acquisitions in India
Hitachi Energy will look at acquisitions and partnerships in India to foray into newer areas such as technologies for battery storage and other emerging areas in the energy space, said Claudio Facchin, CEO, Hitachi...
NCLAT approves the Scheme of Capital Reduction of Negative Net-worth Company
Precious Energy Services Limited (“PESL” or “Petitioner Company”) is a wholly owned subsidiary of MAIF Investment India Pte. Limited, Singapore operates 15 MV Power Generating Station in Gujarat. Petitioner Company...
LIC Mutual Fund plans to absorb IDBI Mutual Fund
LIC Mutual Fund has started the process of absorbing IDBI Mutual Fund to fulfil regulatory norms after two attempts to find a buyer for IDBI Mutual Fund failed. IDBI Bank-promoted IDBI MF had to be either sold or merged...
DALMIA CEMENT BHARAT merging the revived cement business of Murli Industries and Dalmia DSP
Dalmia Cement (Bharat) Limited (DCBL), one of the prominent players in the cement manufacturing industry and wholly owned subsidiary (WoS) of Dalmia Bharat Limited has obtained the approval of the National Company Law...
HDFC, HDFC Life insurance acquires stake in Xanadu Realty
India’s largest private sector mortgage lender Housing Development Finance Corporation (HDFC) and its subsidiary HDFC Life Insurance Company has acquired a stake in a real estate business accelerator firm Xanadu Realty...
Cashe forays into wealth management with Sqrrl acquisition
Consumer credit provider Cashe has forayed into wealth management with the acquisition of Gurugram-based investment platform Sqrrl Fintech in an all-cash deal. The deal is subject to regulatory approvals. This follows...
HDFC inks pact to sell 10% equity in HDFC Capital to Abu Dhabi Investment Authority
India’s largest private mortgage lender Housing Development Finance Corporation (HDFC) has entered into an agreement to sell 10% of the fully diluted paid-up share capital of its wholly-owned subsidiary HDFC Capital...