Swedish steelmaker SSAB AB is exploring a combination with Tata Steel’s European business as a back-up plan to a deal with ThyssenKrupp AG amid industry consolidation, according to people familiar with the matter. SSAB...
Ferragamo family explores stake sale to drive fashion brand revamp: Report
The family owners of Italian fashion house Salvatore Ferragamo have held informal talks with financial investors to sell a minority stake in their holding firm as they seek to turn around the luxury brand and cope with...
BPCL Trust for Investment in Shares sells scrips worth Rs 1,489 cr in BPCL
The BPCL Trust for Investment in Shares on Wednesday offloaded shares worth over Rs 1,489 crore in Bharat Petroleum Corporation Ltd (BPCL) through an open market transaction. According to a block deal on the National...
Zee Group in restructuring mode; Rahul Johri to head content, revenue
Private broadcaster Zee Entertainment Enterprises Ltd (ZEEL), which has been facing cash flow issues for over a year, on Wednesday unveiled a major strategic restructuring involving its key talent and integrated various...
Dilip Buildcon JV lowest bidder for expressway stretch in Rajasthan
Highways builder Dilip Buildcon on Wednesday said its joint venture has emerged as the lowest bidder for a stretch of the Delhi-Vadodara expressway in Rajasthan. The company had bid Rs 1,000.08 crore for the project to...
Hindustan Copper board to consider raising funds by issue of shares via QIP
Hindustan Copper on Wednesday said its board will next week consider raising funds by issue of shares via qualified institutional placement (QIP). This will be to the extent of 15 per cent of existing paid-up equity...
Future-RIL deal: Jeff Bezos-Kishore Biyani battle begins in Singapore
The arbitration proceedings between Jeff Bezos-led Amazon and Kishore Biyani-headed FutureGroup have begun in Singapore. An emergency arbitration hearing between Amazon and retail conglomerate Future Group tookplace...
NHPC board approves merger of Lanco Teesta VI hydro power project
State-owned hydropower giant NHPC board on Tuesday approved a proposal to start merger of Lanco Teesta Hydro Power Ltd into the company. The NHPC had bagged the 500 MW Teesta VI hydropower project under corporate...
Zensar divests its non-core global Third Party Maintenance business
Zensar, a digital solutions and technology services company, on Monday said it has entered into an agreement with Service Express LLC to divest its global Third Party Maintenance (TPM) business. This is in line with...
Japan can open probe into any merger involving Fitbit: Antitrust body head
Japan’s antitrust watchdog can open a probe into any merger or business tie-up involving fitness tracker maker Fitbit if the size of such deals was big enough, Kazuyuki Furuya, the new chairman of the Fair Trade...
Brookfield to invest $2 billion in biggest Indian property deal yet
Brookfield Asset Management will buy an Indian developer’s commercial properties for $2 billion, the biggest real estate deal in the South Asian nation. The Canadian asset manager is acquiring 12.5 million square feet...
Prestige Estates signs deal with Blackstone for stake sale in firm’s assets
Real estate player Prestige Estates has signed a deal with private equity major Blackstone Group for stake sale in some of the company’s commercial, retail and hotel properties. Though Prestige has not disclosed the...
