The insurance regulator on Thursday released draft guidelines on determination of compensation to shareholders on the event of merger of an insurer. In it, the regulator has said that shareholders whose rights against...
Adani Gas acquires CGD network in Ludhiana, Jalandhar, Kutch (East)
Adani Gas has signed a definitive agreement for the acquisition of three Geographical Areas (GA) — Ludhiana, Jalandhar and Kutch (East) — from a consortium led by Jay Madhok Energy. All three GAs have high volumes...
Amazon India signs agreement with Silk Mark Organisation of India
Amazon India on Wednesday said it has inked an agreement with the Silk Mark Organization of India (SMOI). As part of the Memorandum of Understanding (MoU), Amazon will launch an exclusive Silk Mark Store with Silk Mark...
Flipkart bolsters gaming strategy, acquires gaming startup Mech Mocha
E-commerce giant Flipkart has strengthened its gaming strategy through the acquisition of intellectual property (IP) from Mech Mocha, a mobile gaming start-up that runs India’s first live-social gaming platform Hello...
Unilever says UK High court approved cross-border merger between entities
Unilever’s cross-border merger between its Dutch and British corporate entities has been approved by the United Kingdom’s High Court, the company said on Monday, marking the effective point of no return for...
NTPC to buy back shares worth Rs 2,275 cr as part of restructuring plan
India’s largest power generating company, state-owned NTPC, on Monday received the board’s approval for a share buyback. The board of directors approved the buyback of up to 197.8 million equity shares for Rs 2,275.74...
Amazon asks Sebi, bourses to note arbitration ruling on Future-RIL deal
E-commerce giant Amazon has written to markets regulator Sebi and stock exchanges, urging them to take into consideration the Singapore arbitrator’s interim judgement that has put on hold the Rs 24,713-crore deal...
Air India bidding to be on enterprise value, deadline extended till Dec 14
The government has changed a bidding parameter for state-owned airline Air India, allowing potential buyers to quote enterprise value instead of equity value. Simultaneously, the deadline for submitting bids has been...
Apollo partners with Medtronic to integrate AI for stroke management
Apollo Hospitals Group has partnered with India Medtronic Private Limited, a wholly-owned subsidiary of Medtronic plc, to integrate artificial intelligence (AI) for advanced stroke management for the first time in India...
Carmakers FCA and PSA Peugeot confirm progress towards full merger
Fiat Chrysler and PSA Peugeot on Wednesday confirmed progress toward their full merger to create the globe’s fourth-largest carmaker, with completion expected by the end of March 2021. The merger of the Italian...
Infosys completes acquisition of digital service provider Blue Acorn iCi
IT services firm Infosys on Wednesday said it has completed the acquisition of Blue Acorn iCi. Infosys had, earlier this month, announced inking a pact to acquire Blue Acorn iCi – a digital customer experience...
EU antitrust regulators set to approve Fiat Chrysler, PSA merger: Report
Fiat Chrysler and PSA are set to win EU approval for their $38 billion merger to create the world’s No.4 carmaker, people close to the matter said, as they strive to meet the industry’s dual challenges of...
