The race for acquiring a stake in offshore oilfield service provider Great Offshore Ltd (GOL) gained pace with ABG Shipyard making a counter offer early on Tuesday, and Bharati Shipyard announcing its intention of...
Satyam renamed as Mahindra Satyam
After two days of deliberations on a road map for fraud-hit Satyam Computer Services at the firm’s ‘Leadership Meet’ that concluded here today, Tech Mahindra, the new owners, have given the IT company...
Datacom row ends as Nahata agrees to sell stake to Dhoots
Mahendra Nahata of Himachal Futuristic Communications (HFCL) has finally agreed to sell his 36% stake in telecom service provider Datacom Solutions to the Dhoots of the Videocon Group to end a year-long corporate battle...
Molson Coors acquires Cobra Beer in JV deal
Cobra Beer, which has been facing mounting losses, has been bought over by UK’s Molson Coors, one of top brewers in the world by volume, in a joint venture deal with its NRI-founder Karan Bilimoria...
Seamless merger versus takeover
Seamless merger versus takeover A seamless merger ensures that both the employees and shareholders of the amalgamating company continue to partake in the business as if nothing has happened. S. Murlidharan...
Bajaj Finserv, Allianz Global sign deal to set up asset management co
Bajaj Finserv Ltd, a Bajaj group company, and Allianz Global Investors have signed an agreement to set up an asset management company (AMC). The AMC, tentatively named Bajaj Allianz Global Investors, will be set up...
Adani Group may buy Jindal Power; valuation likely at Rs 18,000-20,000 crore, inclusive of debt.
Naveen Jindal-promoted Jindal Steel & Power Limited (JSPL) is in advanced discussions with Adani Group to sell its power generating subsidiary – Jindal Power (JPL), four people familiar with the development...
Manoj Mohanka may acquire Deccan Chronicle.
Manoj Mohanka, former chairman of Network 18 Media and Investments and a finance and management expert, is preparing to acquire ailing media house Deccan Chronicle Holdings (DCHL) through a deal being worked out among...
Indian Hotels to exit another Gateway Hotel.
The Tata group controlled Indian Hotels Company, which owns and operates the Taj Hotels Resorts and Palaces, has decided to discontinue its management contract for The Gateway Hotel Rawalkot Jaisalmer, the company said...
Strategic Debt Restructuring- A Short in The Arm for Banks
With rising non-performing loans (NPAs) or stressed loans of banks, the Reserve Bank of India (RBI) has come out with Strategic Debt Restructuring (SDR) scheme which will enable banks to recover their bad loans by...
Zoomlion confirms offer for U.S crane maker Terex
China’s Zoomlion Heavy Industry Science and Technology Co (000157.SZ) confirmed on Wednesday it had made an offer for Terex Corp (TEX.N) that values the U.S. crane maker at about $3 billion. Zoomlion is offering...
Partners spar in Dalmia arm ahead of KKR exit
A bitter dispute over Assam-based cement assets between two old business families, the Dalmias and Bawris, could have expedited the exit of private equity giant KKR from Dalmia (Cements) Bharat (DCBL). The tussle...