The EU’s powerful antitrust authority on Tuesday blocked the merger of German industrial conglomerate ThyssenKrupp with Indian steel giant Tata, an expected veto that kills the deal. “We prohibited the...
Two-thirds of lenders have voted for Dhanuka Laboratories’ resolution
More than two-thirds of the lenders of Chennai-based Orchid Pharma are believed to have voted in favour of the resolution plan of Gurugram-based Dhanuka Laboratories, leading its bid to reach the National Company Law...
Eros International to buy back $20 mn worth of common shares on NYSE
The board of media and entertainment firm Eros International Monday announced a share repurchase program worth up to USD 20 million (approx Rs 138.86 crore) on the New York Stock Exchange. The announcement comes after...
DHFL repays Rs 45 crore in debt; completes stake sale in Adhadar Housing
Dewan Housing Finance Ltd (DHFL) paid about Rs 45 crore in interest and principal on certain debt instruments due on Monday. DHFL paid Rs 10 crore in interest on four non-convertible debentures (NCD) and a principal of...
CII urges govt to divest brownfield assets to revive pvt investments
The government should divest some of its viable operating brownfield assets – like ports and airports – as it could provide a low risk investment option to private sector, industry body CII has said...
A $100-bn firm in the making: Raytheon, United Tech are in merger talks
United Technologies Corp and US arms giant Raytheon are in talks over a merger deal that could create one of the world’s biggest aerospace and defense companies, the Wall Street Journal reported Saturday...
Vodafone Idea transfers fibre infra to subsidiary after creditors approval
Shareholders and creditors of telecom operator Vodafone Idea have approved plan to transfer optical fibre assets to its wholly-owned subsidiary Vodafone Towers Limited. “The proposed resolution approving the...
Wipro Consumer Care’s growth strategy: explore acquisitions in FMCG sector
Wipro Consumer Care & Lighting, a $1 billion dollar plus firm, will continue to scout for acquisitions in the Fast Moving Consumer Goods (FMCG) sector in domestic and South Asian markets besides growing organically...
Govt plans to liberalise terms of Air India sale to attract buyers
The government is planning to liberalise the terms and conditions for the sale of state-owned carrier Air India. The changes would allow a potential buyer to go for a stake sale of the airline immediately after...
Mumbai court admits SFIO complaint against IL&FS Financial Services
The Mumbai sessions court on Friday admitted the criminal complaint filed by Serious Fraud Investigation Office (SFIO) against IL&FS Financial Services (IFIN), and 29 other entities and individuals, which include...
Bank of India declares absconding Sandesara brothers as wilful defaulters
In a fresh development in the ongoing saga of Sterling Biotech Ltd, the public sector Bank of India (BoI) on Tuesday declared the Sandesara brothers, the company’s absconding directors, as...
Three pharma firms in second race for Orchid Pharma resolution process
There are three pharmaceutical bidders for debt-ridden Orchid Pharma Ltd in the second round of Corporate Insolvency Resolution Process (CIRP) — Gurgaon-based Dhanuka Laboratories, Chennai-based Accord Life Spec...
