Cochin Shipyard Limited (CSL) has taken 100 per cent stake in an SPV which it formed along with Hooghly Dock and Port Engineers Limited for modernisation and renovation of the two dry docks on western bank of the...
Aston Martin set to sell stake to F1 billionaire in $656-million deal
Aston Martin Lagonda Global Holdings secured a £500-million ($656 million) lifeline to restore the balance sheet and help build a new sport-utility vehicle after agreeing to sell a minority stake to billionaire Lawrence...
Brookfield to pick up 40% stake in IndoStar Capital for Rs 1,450 crore
Brookfield Business Partners, together with its institutional partners, will invest Rs 1,450 crore in IndoStar Capital Finance to pick up 40 per cent stake in the company. The overall investment will comprise a...
Govt plans to sell 15% stake in HAL via offer for sale, bid by Feb 21
The government is planning to sell 15 per cent stake in Hindustan Aeronautics Ltd (HAL) through an offer for sale, which could fetch about Rs 4,000 crore to the exchequer. The government is looking to appoint up to...
IBC process needs to speed up; private investment may remain muted
With the Insolvency and Bankruptcy Code (IBC) entering its third year of operation, total realisable value through the process at the end of December 2019 stood at Rs 1.58 trillion. The Economic Survey says although the...
Religare Finvest proposes a resolution plan for Rs 5,852 crore of debt
Religare Finvest has proposed a resolution plan for its Rs 5,852 crore of debt. The aim is to restructure the dues to enable the lenders to keep the account classified as a standard one. If approved, this would be the...
Dalmia Cement to appeal to NCLAT to save its subsidiary Calcom
Dalmia Bharat Cement is planning to appeal to the National Company Law Appellate Tribunal (NCLAT) to turn down the order of the Guwahati Bench of National Company Law Tribunal (NCLT) which ordered the commencement of...
Borosil merges five entities into two to simplify group structure
The Borosil Group, which runs the flagship kitchen and dining ware business under the brand names of Borosil and Larah, is amalgamating its two listed group companies and three promoter-held companies. Following the...
Vedanta to raise up to Rs 2,500 crore through non-convertible debentures
Vedanta Ltd on Wednesday said a committee of its directors has approved raising up to Rs 2,500 crore through non-convertible debentures (NCDs). “The duly authorised committee of directors at its meeting held...
Air India divestment process finally takes off, with sweetened deal terms
Almost two years after a failed attempt, the government on Monday launched the biggest privatisation exercise in value terms, inviting preliminary bids for Air India with sweetened deal terms. Full management control...
Irdai issues norms to protect group policyholders of merging state banks
The insurance regulator has come up with guidelines to protect the interests of group insurance policyholders of merging state-run banks. The regulator said upon the merger of public sector banks (PSBs), group health...
Disney drops ‘Fox’ from 20th Century, Searchlight Pictures post acquisition
Disney is making its much-publicised acquisition of 21st Century Fox official with the studio dropping the name “Fox” from the brand. In a historic deal last year, Disney bought 21st Century Fox assets for...
