The Competition Commission has approved Mahindra & Mahindra’s acquisition of majority stake in a wholly-owned subsidiary of Ford Motor Co, which will create a joint venture in the country. In October last...
Further consolidation or merger of banks will depend on need: Anurag Thakur
The government is open to further consolidation of banks depending on needs, Minister of State for Finance Anurag Singh Thakur has said. Last year, the government announced mega amalgamation of 10 public...
Cipla acquires 4 women’s health brands from Wanbury to strengthen segment
Drug major Cipla has acquired the nutrition products portfolio from Mumbai-based Wanbury for an undisclosed sum. The acquisition, aimed at strengthening Cipla’s women’s health segment, comprises four brands — CPink...
ArcelorMittal makes $1.6 bn equity contribution for Essar Steel acquisition
ArcelorMittal’s equity contribution for the acquisition of Essar Steel India (now AM/NS India) is $1.6 billion, the company said while announcing its 2019 financial results. Described as its biggest achievement in...
Hero Cycles to invest Rs 250 cr to set up eCycle valley in Punjab
The country’s largest bicycle maker Hero Cycles would invest around 250 crore to set up an eCycle valley in Punjab, where it would have an entire ecosystem for manufacturing electric bicycle. The total investment...
Air India stake sale: It’s too early to take a call, says Tata Sons chief
Tata Sons Chairman N Chandrasekaran said on Wednesday it is “too early” to take a call on Air India, in which the government has decided to sell its entire 100 per cent stake. “It is too...
Dalmia Cement subsidiary Calcom and GuarantCo settle claims amicably
Dalmia Cement (Bharat) subsidiary, Calcom, and GuarantCo, a financial creditor, have settled all claims and counter claims amicably, a statement from Dalmia Bharat Group said. The settlement also includes claims/...
Baring India divests stake worth over Rs 721 crore in Manappuram Finance
Baring India on Tuesday divested stake worth over Rs 721 crore in Manappuram Finance Ltd through open market transactions. As per the bulk deal data on BSE, Baring India Private Equity Fund II and Baring India Private...
Granules India divests entire stake in JV Biocause Pharmaceutical
Granules India Ltd on Tuesday said it has divested its entire stake in Granules-Biocause Pharmaceutical Co Limited, a joint venture company located in China. Last year, Granules India had intimated about...
NRIs may be allowed to bid for 100% stake in debt-laden Air India
The government is likely to allow Non-resident Indians (NRIs) to bid for 100 per cent stake in Air India. A subsequent clarification will be issued as an expression of interest (EoI) for the airline didn’t have that...
SA firm seeks govt help to sell 10% stake in Mumbai International Airport
After the Bidvest Group, Airport Company of South Africa (ACSA) has sought help from the ministry of external affairs (MEA) and the ministry of civil aviation to sell its 10 per cent stake in Mumbai International...
Nirma in talks with Apollo Global Management, Bain for Emami Cement bid
Nirma is considering partnering either Apollo Global Management or Bain Capital to bid for the cement unit of Indian conglomerate Emami Group, according to people with knowledge of the matter. Nuvoco Vistas Corporation...
