The government’s FY19 disinvestment proceeds have reached Rs 57,523.32 crore following its decision to sell its entire stake in the Dredging Corporation (DCI) to a consortium of four state-owned ports for Rs 1,050...
Reliance Capital claims stake sale to halve its debt by Rs 12,000 cr soon
Reliance Capital on Thursday claimed that it is hopeful of pairing its debt by around Rs 12,000 crore over the next three to four months, by when it expects to complete the stake sale in Reliance Nippon Life Asset...
Suven eyes acquisition of Rising Pharmaceuticals’ assets
Suven Life Sciences has entered into a stalking-horse asset purchase agreement to buy the assets of Aceto Corporation’s Rising Pharmaceuticals and Rising subsidiaries through its joint venture partner Shore Suven...
Zoho Corp acquires hiring automation product start-up ePoise Systems
Software products firm Zoho Corp has announced its first acquisition after buying Bengaluru-based hiring automation product start-up ePoise Systems for an undisclosed amount. According to 2015 reports, ePoise had raised...
CCIL invites bid from investors for non-operating unit in MP’s Nayagaon
Cement Corporation of India Ltd (CCIL) has initiated the process of sale of one of its non-operating units Nayagaon Cement Factory and has invited bids from potential buyers. Entities, joint ventures or consortia with a...
JF Asset Management settles case with Sebi
JF Asset Management, the subsidiary of JP Morgan Asset Management, has settled a case with Sebi regarding the alleged delay in submitting application for acquiring shares in Multi Commodity Exchange (MCX). The company...
RIL receives Sebi comments for proposed offers to buy DEN, Hathway
Reliance Industries Wednesday said it has received final comments from market regulator Sebi for its proposed open offers to shareholders of Den Networks Limited and Hathway Cable and Datacom Limited. The company will...
Cognizant acquires fintech software firm Meritsoft
IT major Cognizant Tuesday said it has acquired Meritsoft, a privately-held financial software company based in Dublin, Ireland. Meritsoft, which offers solutions for post-trade processing, counts five of the...
L&T Infrastructure Finance Company moves NCLT against Essar Power
After Essar Steel, now Essar Power (EPL) has been taken to the National Company Law Tribunal (NCLT), Ahmedabad, by one of the lenders L&T Infrastructure Finance Company on Tuesday. As a financial creditor of EPL’s...
Larsen & Toubro lnfotech completes acquisition of Germany’s Nielsen+Partner
IT firm Larsen & Toubro lnfotech Monday said it has completed acquisition of Germany’s Nielsen+Partner (N+P) along with identified subsidiaries. Last month Larsen & Toubro lnfotech had announced the...
Govt likely to tweak IBC for cross-border cases, Bill after elections
The government is planning to promulgate an Ordinance amending the Insolvency and Bankruptcy Code (IBC) and adding a chapter on cross-border insolvency. This would give comfort to foreign investors in India and vice...
Orchid Pharma insolvency case: NCLAT notice to Ingen Capital directors
The National Company Law Appellate Tribunal (NCLAT) has directed Ingen Capital directors Umesh Bhatia and Harish Bhatia to reply in three weeks on why action should not be taken against them on not paying the Rs 1,000...
