Tata Consultancy Services (TCS) today announced the launch of a new center of excellence for internet of things (IoT) solutions in collaboration with Intel. The state-of-the-art center will be located at the TCS...
Hindalco, Birla Carbon to raise $2.4-bn via bonds
Aditya Birla group companies Hindalco and Birla Carbon are tapping the international markets to raise around $2.43 billion by early next year, to bring down their financing costs. Hindalco is planning to raise $1.5...
M&A Happenings: October 2015
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals November 2015 September 2015 Agriculture – – Financial Services 1 2 Investments – – Information Technology 2 1...
Cairn India’s Merger With Vedanta May Fall Through
Billionaire Anil Agarwal’s plans to merge his two India-listed companies, Vedanta (earlier known as Sesa Sterlite) with oil producer Cairn India, might fall through with two large minority shareholders...
M&A Happenings: July 2015
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals July 2015 June 2015 Auto Components – 1 Agriculture 2 – Engineering – 3 Financial Services 2 2 Investments 5 3...
Sterlite Technologies Demerges Power Division
Telecom and Power Transmission Solution provider Sterlite Technologies Limited is set to spin-off its power business into a separate unlisted entity named ‘Sterlite Power Transmission Limited’ while retaining its...
Aditya Birla Group Strengthens Retail Business
In the corporate sector, consolidation is finally gaining momentum as many companies are bringing their businesses under one umbrella. In line with the trend, Aditya Birla group’s Aditya Birla Nuvo Limited (ABNL) has...
Annual M&A Happenings 2014-15
Industry-wise break-up of the Schemes filed during the previous year April 2014 to March 2015. Industry TOTAL TOTAL No. of Deals from April 2014 to March 2015 No. of Deals from April 2013 to March 2014 Chemicals 2 4...
Sebi-Empanelled Experts To Provide Take On Open Offer Price
Sebi to empanel valuers; but questions remain on compensation, conflicts of interest The Securities and Exchange Board of India (SEBI) wishes to empanel experts who can opine on the valuation of shares during...
Max India Demerges Into 3 Verticals
The Board of Max India Ltd, on January 27, 2015, has approved a Corporate Restructuring plan to split the company through a demerger, into three separate listed companies with three separate business verticals...
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...
The BlackBerry’s Story
RESEARCH IN MOTION LIMITED (RIM): The company was incorporated under the Business Corporations Act on March 1984, head-quarter at Canada. A global leader in wireless innovation revolutionized the mobile industry with...