The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Wednesday accepted Gail India Ltd’s plea to be treated as operational creditor in the textile player Alok Industries’ insolvency matter...
I-T dept releases Coffee Day’s MindTree shares; attaches promoter’s stake
Coffee Day Enterprises Thursday said the Income Tax Department has released 74.90 lakh attached shares of IT firm Mindtree, owned by the company and its promoter V G Siddhartha, but attached Siddhartha’s 46.01...
IndusInd Bank to raise $1 bn through MTNs to meet its funding requirements
Private lender IndusInd Bank plans to raise up to $1 billion (about Rs 7,000 crore) through medium term notes (MTNs) to meet its funding requirements. It would also raise up to Rs 3,000 crore through Tier I and Tier II...
Centre allows all firms to take part in strategic disinvestment of EPIL
The Cabinet modified the earlier decision of its Committee on Economic Affairs allowing all companies to take part in the strategic disinvestment of Engineering Projects (India) Limited (EPIL). In October 2016, the...
Govt to sell 100% stake in Air India ground handling arm, invites EoI
The government has invited expression of interest (EoI) for the strategic sale of Air India’s ground handling subsidiary. While the disinvestment of Air India found no takers, the government proposes to transfer...
Lohia Group buys Israeli firm with eye on global aerospace, defence mkt
India’s Lohia Group has acquired an Israeli company, Light and strong Ltd, specialising in aerospace and military carbon fibre and glass fibre composite components production, with the aim of becoming a leading...
JSW Steel gets letter of intent for Bhushan Power & Steel acquisition
Bhushan Power & Steel, one of the 12 cases mandated by the Reserve Bank of India to be resolved under the Insolvency and Bankruptcy Code (IBC) has got a leg-up with the letter of intent (LOI) of being issued in JSW...
Govt not considering any merger of PSBs at the moment: Reports
The government is not considering any other merger proposal in public sector banks at the moment as it would wait for completion of the amalgamation of Dena Bank and Vijaya Bank with Bank of Baroda (BoB), official...
Aurobindo acquires Apotex’s commercial operations in 5 European countries
Aurobindo Pharma on Monday said it has completed the Euro 74-million deal to acquire Apotex’s commercial operations and certain supporting infrastructure in five European countries. The company had inked a binding...
Apollo Hospitals to sell assets to reduce promoter pledged shares
The promoters of Apollo Hospitals are planning to cut the level of pledged shares by at least 50 per cent in the next six months. The promoters have around 34.40 per cent stake in Apollo Hospitals Enterprise Ltd (AHEL)...
Amazon buys wi-fi start-up eero to strengthen its smart home play
Amazon.com Inc said on Monday it has signed an agreement to buy eero, a startup company that makes home routers, to help customers better connect smart home devices. Terms of the deal were not disclosed. Eero, was...
The Chatterjee Group to acquire stakes in IDFC Securities from IDFC FHCL
Infrastructure finance firm IDFC on Saturday said it, along with IDFC Financial Holding Company (IDFC FHCL), has entered into a pact with The Chatterjee Group (TCG) that one or more entities of TCG will acquire stakes...
