Mumbai-based software services large-cap Tech Mahindra (TechM) on Thursday announced a strategic and possibly largest-ever deal with leading American network operator AT&T. This deal will accelerate AT&T’s...
Amalgamation of 10 public sector banks likely to take place on April 1
The finance ministry has agreed to a request from 10 public sector banks (PSBs) for implementing the mergers from April 1 next year. The decision was taken in a meeting of 10 PSBs, who are part of the latest merger...
Competition Commission clears Capgemini’s acquisition of Altran Tech
Fairtrade regulator CCI on Tuesday said it has cleared the proposed acquisition of Altran Technologies SA by Capgemini. In June 2019, Capgemini and Altran announced that they have entered into an agreement for...
Gruh Finance gains 8% after HDFC sells 9% stake through block deal
Shares of Gruh Finance rallied up to 8 per cent to quote at Rs 270 apiece in the early morning trade on the National Stock Exchange (NSE) on Friday after mortgage lender Housing Development Finance Corporation (HDFC)...
Oberoi Realty buys 60-acre land from GlaxoSmithKline in Thane for Rs 890 cr
Oberoi Realty Ltd on Friday said it has bought around 60 acres of land in Thane, Maharashtra from GlaxoSmithKline Pharmaceuticals for nearly Rs 890 crore. In a regulatory filing, the Mumbai-based developer said...
After EOI submission, Synergy Group eyes 49% stake in Jet Airways
South America’s Synergy Group Corp is planning to pick up 49 per cent stake in Jet Airways. It will discuss co-investment options with its lenders and infrastructure companies, the group’s advisor told Business Standard...
CG Power may raise funds through equity route, sell non-core assets
A week after it first reported an employee-led fraud, CG Power is now looking to put its house in order. The revival plan includes an equity-based fundraising, seeking lender support and sale of non-core assets. The new...
Birlasoft working on stabilising structure after merger with KPIT
Birlasoft is working on stabilising its structure after merging with KPIT, said CEO Dharmender Kapoor. “That’s my first priority… it is a matrix structure that we have,” he said. The two companies underwent...
Infosys closes Rs 8,260-cr buyback offer, takes back 11.05 cr shares
IT major Infosys has bought back 11.05 crore of its shares under its Rs 8,260-crore buyback offer that began in March this year. “…The company bought back 11,05,19,266 equity shares at an average price of Rs...
Jet Airways crisis: Lenders to discuss bids, interim funding today
Jet Airways lenders will meet on Monday to consider an expression of interest (EoI) from an overseas airline and release of interim funds to the airline. In the earlier meetings, the committee of creditors (CoC) had...
Tata Power’s liquidation of non-core assets to gain steam: Report
The liquidation of Tata Power’s non-core assets is expected to pick up pace during H2 of FY20 leading to partial repayment of non-core debt. The monetisation of non-core assets is also set to spur an earnings...
Samco Securities gets Sebi nod for MF biz, eyes acquisitions in sector
Samco Securities has recently got the in-principle nod from the Securities and Exchange Board of India (Sebi) to start its own mutual fund (MF) business. “The MF business is part of our strategy to expand our...
