The corporate affairs ministry has charted its road map for full implementation of the new Companies Act that envisages setting up Investor Education and Protection Fund Authority (IEPFA) and National...
NSEL, FT Merger On The Cards
In December 2015, the Bombay High Court has given 45 more days to the Ministry of Corporate Affairs (MCA) to pass the final order in the proposed merger of scam-hit National Spot Exchange Ltd (NSEL) with its parent...
Mastek Demerges Insurance Business
IT Company Mastek Limited, a BSE-NSE Listed Company, had demerged its insurance products and service business into a separate listed company. Mastek is an IT solutions player with global operations providing new...
Shasun Pharmaceuticals And Strides Arcolab Ltd Merge
Shasun Pharmaceuticals has got the approval from Madras High Court for Scheme of Amalgamation with Strides Arcolab Ltd. The Competition Commission of India (CCI) has issued its approval for the proposed merger of drug...
Cognizant Buys TriZetto
Cognizant has successfully bought Us-based TriZetto for $2.7 billion in cash primarily owned by private equity group Apax. BlueCross BlueShield of Tennessee and Cambria Health Solutions, both minority shareholders, will...
RIL Takes Over Network 18
In order to leverage its 4-G operations, Reliance Industries Ltd (RIL) has taken complete control of Network 18 Media and Investments Ltd, including its subsidiary TV18 Broadcast Ltd. and the Board of Reliance...
Essel Publishers Merge With Zee Media
Zee Media Corporation Ltd is one of the India’s foremost multi-media companies with a strong presence in the national and regional news genre. The company was incorporated as Zee Sports Limited on August 27; 1999...
Amalgamation Of CIE & M&M Group
CIE Automotive S.A. is a very large automotive conglomerate having its registered office in Spain and listed on Bilbao and Madrid stock exchange. Its group company Participaciones Internacionales Autometal Tres. S.L...
Jaiprakash Associates Deleverages Balance Sheet
On March 24 2014, the Board of Directors of infrastructure conglomerate Jaiprakash Associates Limited (JAL) had approved signing of Share Purchase Agreement with Dalmia Cement (Bharat) Limited for sale of 74% stake...
Mahindra Satyam: Back From The Brink!
In September 2008, Satyam, the then sixth largest India-based IT services company, received the coveted “Golden Peacock Global Award for Excellence in Corporate Governance”. Then, just four short months after this...
Tech Mahindra Successfully Merges Satyam With Itself
Tech Mahindra completed Satyam’s merger with itself. The merged entity will be called Tech Mahindra and Mr. Anand Mahindra will be its Chairman. Tech Mahindra Managing Director, C. P. Gurnani announced that the swap...
CIE Automotive And Mahindra Group Tie Up
Mahindra Group has entered into a global alliance with Spain’s CIE Automotive S.A. The agreement will come under Systech Sector, which happens to be the Mahindra group automotive component, and CIE Automotive (also...