The merger of two telecom giants – Vodafone and Idea Cellular — imply that the Indian mobile market will soon be paired down to four major national mobile operators. There are now hopes this will ease the fierce round...
NCLT consults Centre, bankruptcy board to resolve Jaypee Infra deadlock
In the matter between IDBI Bank and Jaypee Infratech, the National Company Law Tribunal’s (NCLT) New Delhi Bench has sought views from the government and Insolvency and Bankruptcy Board of India (IBBI) on ways to...
Blackstone to buy controlling stake in Essel Propack for Rs 3,211 crore
Private equity major Blackstone said on Monday it was making its largest investment in the consumer sector in India by picking up a 51 per cent stake in Essel Propack for up to Rs 3,211 crore ($460 million). Essel...
Gail top bidder for IL&FS wind power plants with Rs 4,800-crore offer
State-owned Gail (India) has emerged as the highest bidder for seven operating wind power plants of Infrastructure Leasing and Financial Services (IL&FS) having a total generation capacity of 874 megawatts. This is...
NCLT consults Centre, bankruptcy board to resolve Jaypee Infra deadlock
In the matter between IDBI Bank and Jaypee Infratech, the National Company Law Tribunal’s (NCLT) New Delhi Bench has sought views from the government and Insolvency and Bankruptcy Board of India (IBBI) on ways to...
Aramco to buy Shell’s stake in Saudi refining JV for $631 million
Saudi Aramco will acquire Royal Dutch Shell’s 50 percent stake in their Saudi refining joint venture SASREF for $631 million, the two companies said on Sunday. The purchase, which is part of Aramco’s...
With RCom deal terminated, Jio is ready to buy spectrum from open market
Reliance Jio is open to buying spectrum from the open market to maintain uninterrupted services, it is learnt. The telco has a subscriber base of 300 million. It is adding subscribers at an average rate of 10 million a...
Allcargo plans to invest Rs 1,000 crore in logistics park development
Allcargo Logistics, part of the Avvashya group, has no plans to set up more container freight stations or inland container depots. The company said it would focus on developing logistics parks that is witnessing growing...
Mindtree’s dividends to make takeover costlier, may cost firm Rs 530 cr
Amid L&T takeover bid, Mindtree on Wednesday announced interim, final and special dividends for its shareholders, totalling Rs 27 per share. This move may push up the acquisition cost for the engineering major. This...
M&A activities sluggish in Jan-Mar; 33% decline in deal value to $12.5 bn
The first quarter of 2019 recorded 110 merger and acquisition deals worth $ 12.5 billion (about Rs 86,500 crore), a 33 per cent fall in value terms as against the year-ago period, due to factors such as global economic...
Merger of telcos to ease competition, shift focus to quality: Report
The merger of two telecom giants – Vodafone and Idea Cellular — imply that the Indian mobile market will soon be paired down to four major national mobile operators. There are now hopes this will ease the fierce round...
Edelweiss ARC, Indostar buy out exposure of lenders to BMM Ispat
Non-bank finance company Indostar and Edelweiss Asset Reconstruction Company have bought an exposure of the lenders to Bengaluru-based-steel firm BMM Ispat in a financial asset auction, conducted by State Bank of India...
