Life after a merger or an acquisition Sudha Kumar A recent Forrester report predicts a major shakeout in the offshore IT industry and recommends that even large players align with each other to prepare for a maturing...
CB Richard Ellis to buy Trammell Crow for $2.2 bn
CB Richard Ellis to buy Trammell Crow for $2.2 bn Commercial real estate services, globally, have entered the consolidation phase. On Tuesday, the US-based CB Richard Ellis Group, a global leader in the segment...
Capgemini to buy Kanbay for $1.25bn
Capgemini to buy Kanbay for $1.25bn Kanbay, one of the few pure play companies in the IT services space created by a group of Indian and US entrepreneurs, has finally bitten the bullet. It has decided to become a part...
Modis, Guardian in buyout tussle
Modis, Guardian in buyout tussle This could become a path-breaking precedent for resolving controversies between Indian and foreign JV partners over the latter’s plans to set up new, wholly-owned ventures...
LKB employees give nod to merger with CBoP
LKB employees give nod to merger with CBoP Concluding their month-long strike in Kerala, employees of the Lord Krishna Bank (LKB), on Wednesday gave their consent to the bank’s proposed merger with Centurion Bank...
Tata Steel clinches Corus for Rs 36,500 cr
Tata Steel clinches Corus for Rs 36,500 cr In the biggest foreign takeover by an Indian company, Tata Steel and Corus Group on Friday reached an agreement on the acquisition of the European steel giant by the Indian...
Tata -Corus: Tata Steel to buy Corus for $8.1bn
Tata -Corus: Tata Steel to buy Corus for $8.1bn Corus Group, largest steelmaker in the UK, today agreed to a friendly takeover bid by Tata Steel in a deal that values it at pound 4.3 billion (nearly $ 8.1 billion). Tata...
Merger is an option in Tata Steel-Corus talks
Merger is an option in Tata Steel-Corus talks Tata Steel and Corus Group Plc may pen India Inc’s biggest merger story overseas. According to market sources having access to current thinking in the Bombay House and...
NMCE buys out 5% stake in FCCCI for Rs 8.6 lakh
NMCE buys out 5% stake in FCCCI for Rs 8.6 lakh National Multi Commodity Exchange (NMCE) has picked up nearly 5% stake in the First Commodity Clearing Corporation of India (FCCCI), the proposed clearing-house of the...
IndusInd plans big NBFC acquisition
IndusInd plans big NBFC acquisition IndusInd Bank plans to acquire a large non-banking finance company (NBFC) in the next couple of years to “substantially” increase its retail portfolio. IndusInd managing...
Bombay HC to hear UWB petition tomorrow
Bombay HC to hear UWB petition tomorrow The board of United Western Bank (UWB) has strongly objected to the Reserve Bank of India’s (RBI) proposal of handing over the troubled private sector bank to Industrial...
S Kumars to acquire US based Hartmarx for $119 million
Textile major S Kumars is all set to acquire Hartmarx, one of the last remaining American clothing manufacturers and better known for dressing President Barrack Obama, for $119 million. Hartmarx, the men’s largest...