The U.S. Justice Department has closed its antitrust investigation into the London Stock Exchange Group’s acquisition of financial markets data firm Refinitiv, saying it would not harm competition or American...
Nvidia may acquire SoftBank owned UK chip maker ARM for $32bn: Report
US chip-maker Nvidia is reportedly in advance talks to acquire SoftBank-owned UK chip company ARM in a cash-and-stock deal worth at least $32 billion. According to a report in the Financial Times on Friday citing...
EU clears Alstom’s acquisition of Canadian firm Bombardier’s rail unit
The European Commission has given its go-ahead to the acquisition of the rail business of Canadian engineering firm Bombardier by French train maker Alstom. Alstom, which makes the French TGV high-speed trains, said...
Sanofi lifts earnings view as Regeneron stake sale boosts second quarter
Sanofi raised its 2020 earnings forecast on Wednesday after its second-quarter results were boosted by cost cuts and the sale of most of its 20.6% stake in U.S. company Regeneron, although revenue was hit by...
Jaypee Infratech delisting: Shareholders move NCLAT, seek fair exit price
A group of minority shareholders of Jaypee Infratech has moved the National Company Law Appellate Tribunal (NCLAT) seeking fair compensation in the delisting process of the debt-ridden firm. The...
ITC acquires spices maker Sunrise Foods in all-cash deal for Rs 2,150 cr
Diversified business entity ITC Ltd on Monday announced acquisition of spices manufacturer Sunrise Foods Private Ltd (SFPL) in an all-cash deal valued at Rs 2,150 crore. According to the company, it has acquired shares...
Tata Steel offers UK taxpayers 50% stake in Port Talbot plant: Report
Tata Steel is reportedly offering the British taxpayer a 50 per cent stake in its Port Talbot steelworks in Wales as part of efforts to secure government backing to secure the future of the business in the wake of the...
Vedanta Group’s Gen Z in JV with Australian firm to make mining products
Runaya, a metals start-up founded by the sons of Vedanta Ltd Vice-chairman Navin Agarwal, has signed a joint venture (JV) pact with Minova, a wholly-owned division of Australia-based Orica, to manufacture niche products...
Sellers body moves CCI against Flipkart’s acquisition of Walmart India
Flipkart’s recent acquisition of Walmart India is facing a big challenge as the All India Online Vendors’ Association (AIOVA) has approached the Competition Commission of India (CCI) against this deal...
Aditya Puri sells 7.42 million shares worth Rs 842.9 crore in HDFC Bank
HDFC Bank chief executive and managing director Aditya Puri has sold more than 7.4 million shares of the private lender to raise Rs 842.87 crore, according to regulatory filings. The share sale, which was executed...
SD Shibulal’s family sells 8.5 million Infosys shares worth over Rs 777 cr
Family members of Infosys co-founder SD Shibulal have sold 8.5 million shares of the company worth Rs 777 crore, according to regulatory documents. A separate statement issued by Shibulal’s family office said the...
Hero MotoCorp invests Rs 84 cr in smart scooter maker Ather Energy
Hero MotoCorp, the world’s largest maker of motorcycles and scooters, announced a further investment of Rs 84 crore ($11 million) in Ather Energy on Friday, taking up its shareholding in the smart electric scooter start...
