Infosys said on Monday it has completed the acquisition of Czech Republic-based GuideVision, an enterprise service management consultancy specialised in offering strategic advisory, consulting, implementations, training...
Adani Ports and SEZ completes acquisition of KPCL for Rs 12,000 cr
In one of the biggest acquisitions in logistics segment, Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer, today completed the acquisition of Krishnapatnam Port Company Ltd...
Noble Energy shareholders approve $4.1 billion sale to Chevron Corp
Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing...
Successful resolution applicants cannot be allowed to withdraw offer: NCLAT
The NCLAT has said once a resolution plan for a debt-ridden company is approved by the lenders, then the successful bidder cannot be permitted to withdraw its offer. A three-member NCLAT bench said the sanctity of...
Adani Green completes acquisition of 205 MW solar assets from Essel
Adani Green Energy on Thursday said it had completed the acquisition of 205 megawatt (MW) operating solar assets from the Essel Green Energy and Essel Infraprojects for Rs 1,300 crore. This is Adani Green’s first...
VIL gets shareholders’ nod to raise borrowing limit, issuance of securities
Shareholders of Vodafone Idea (VIL) have approved a slew of proposals, including raising its borrowing limit and issuance of securities of up to Rs 15,000 crore, according to a regulatory filing. The shareholders’...
Japan’s NTT to invest $2 bn in India to set up data centres over next 4 yrs
Japanese company NTT on Wednesday said it will invest USD 2 billion (over Rs 14,000 crore) in India to build data centres. It will be building new campuses in neighbouring Navi Mumbai, Chennai and Noida, and also...
RBI excludes six PSBs from Second Schedule of RBI Act; cites merger
The RBI has excluded six public sector banks, including OBC and Allahabad Bank, from the Second Schedule of the RBI Act following their merger with other banks. The six banks are Syndicate Bank, Oriental Bank of...
Govt considers selling 25% stake in LIC to plug widening budget gap: Report
India is planning to seek cabinet’s approval to sell 25% stake in the nation’s largest life insurer, people with knowledge of the matter said, as Prime Minister Narendra Modi seeks resources to plug a widening budget...
LVMH countersues Tiffany & Co in bid to drop $16 billion acquisition
LVMH countersued Tiffany & Co, arguing the latter’s financial mismanagement in the Covid-19 pandemic permits the French luxury goods giant to walk away from its $16 billion acquisition of the iconic US jeweller. The...
Courtesy lending to women aspirants, Avanse Financial raises $15 million
Lending to women has helped private equity major Warburg Pincus-run education loans company Avanse Financial Services raise USD 15 million or Rs 110 crore in foreign debt. The external commercial borrowing (ECB) has...
Cleveland-Cliffs to buy ArcelorMittal US assets for $1.4 bn in cash, shares
Cleveland-Cliffs Inc, the largest U.S. producer of iron ore pellets, has agreed to buy the U.S. assets of the world’s largest steelmaker ArcelorMittal SA for about $1.4 billion in cash and shares. The deal...
