Talentedge, an EdTech platform providing live & interactive digital learning for working professionals, has acquired a significant stake in GreyCampus for an undisclosed amount. This is one of several planned future...
Infosys board meeting to consider share buyback, special dividend
India’s second largest IT services firm Infosys Tuesday said its board will consider a buyback programme and payment of special dividend, among other proposals, at its meeting on January 11. “…the...
ArcelorMittal, JSW Steel likely to bid for Asian Colour Coated Ispat
After Essar, ArcelorMittal and JSW Steel might find themselves vying for yet another stressed asset. The two steel majors have reportedly bid for Asian Colour Coated Ispat, a downstream unit in the sector that was on...
Macquarie interested in buying renewable energy assets of crisis-hit IL&FS
Macquarie Infrastructure & Real Assets and NTPC, India’s largest power utility, are among companies interested in buying some of the renewable energy assets of beleaguered shadow financier Infrastructure Leasing...
HPCL, Mangalore Refinery merger may not happen this fiscal year
The merger of two Oil and Natural Gas Corporation (ONGC) subsidiaries — Mangalore Refineries and Petrochemicals (MRPL) and Hindustan Petroleum Corporation (HPCL) — is unlikely to happen in FY19. A source close to the...
What does the merger signal for Bandhan Bank and Gruh Fin on tech chart?
Bandhan Bank on Monday agreed to acquire housing finance firm Gruh Finance through a share swap deal. Under the merger cooperation agreement, shareholders of Gruh Finance will get 568 shares of Bandhan Bank for every...
Cash-starved NBFCs, HFCs raise Rs 73,000 cr in Q3 by securitising SME loans
In urgent need of funds, non-banking finance companies (NBFCs) and housing finance companies (HFCs) sold retail and SME loans worth Rs 73,000 crore in October-December 2018 mostly to banks through securitisation...
NCLAT asks Liberty House if it will go ahead with Amtek Auto resolution
The National Company Law Appellate Tribunal (NCLAT) has asked if UK-based Liberty House is willing to go ahead with its resolution plan for the debt-ridden Amtek Auto in which it has emerged as the highest bidder. The...
Eli Lilly to buy cancer treatment company Loxo Oncology for $8 bn in cash
Eli Lilly and Co said on Monday it will buy Loxo Oncology Inc for $8 billion, an expensive bet on a pipeline of cancer drugs that target rare genetic mutations and the biggest acquisition in Lilly’s 143-year...
Cabinet to soon consider framework for monetisation of assets of CPSEs
The Cabinet is likely to consider this month a framework for monetisation of assets held by CPSEs which have been selected for strategic sale. The ‘Asset Monetisation Framework’, being drafted by...
RP of Reid & Taylor moves NCLT, files criminal case against promoters
The resolution professional of Reid & Taylor has approached the Mumbai Bench of the National Company Law Tribunal (NCLT) with a criminal action lawsuit against the promoters for a fraud of ~1,810 crore. Venkatesan...
Mahindra Finance to raise around Rs 3,500 cr via non-convertible debentures
Mahindra & Mahindra Financial Services is planning to raise up to Rs 3,500 crore through a non-convertible debenture issue of various maturities. The base issue size is Rs 500 crore with an option to retain...
