Google to spend USD 2.1 billion on Manhattan campus acquisition Google is planning to buy St. John’s Terminal in New York City for USD 2.1 billion, making it the anchor of its Hudson Square campus. The...
Zee Entertainment signs deal for merger with Sony Pictures India
The Board of Directors of ZEE Entertainment Enterprises Limited (ZEEL) unanimously provided in-principle approval for the merger between Sony Pictures Networks India (SPNI) & ZEEL. SPNI will also infuse growth...
HLE Glascoat surges 19% on acquiring the global biz of Thaletec GmbH
Shares of HLE Glascoat surged 19 per cent to Rs 6,163.90 on the BSE in intra-day trade on Monday after the company acquired the global business of Thaletec GmbH. The stock of the leading manufacturer of process...
ICICI Lombard ceases to be ICICI Bank subsidiary post Bharti AXA merger
ICICI Bank on Thursday said ICICI Lombard General Insurance has ceased to be its subsidiary, as shareholding of the bank has come down to 48 per cent after the merger of Bharti AXA with the insurer. ICICI...
FRL-RIL deal: SC asks NCLT, CCI, Sebi not to pass final orders for 4 weeks
The Supreme Court Thursday stayed all the proceedings before the Delhi High Court for four weeks related to implementation of an award by Singapore’s Emergency Arbitrator (EA) restraining Future Retail Ltd (FRL)...
CPPIB sells 2.3% stake in SBI Life Insurance Company
The Canada Pension Plan Investment Board (CPPIB) on Thursday sold 23 million shares (2.3 per cent stake) of SBI Life Insurance Company. The shares were sold at Rs 1,171 apiece. The Canadian investment manager raised Rs...
Govt sticks to Sep 15 deadline for putting financial bids for Air India
The government will stick to the September 15 deadline for investors to put in bids for buying national carrier Air India, an official said. This is in stark contrast to the extension of deadline for preliminary bids...
SPAC mergers are here to stay, says Gaurav Burman, scion of Dabur family
Gaurav Burman, who hails from a billionaire Indian consumer goods family, says the boom in blank-check company mergers may have eased, but don’t expect SPACs to go away. “Obviously, there are a lot of SPACs out there...
Kansas City Southern mulls $27-bn Canadian Pacific rail bid after ruling
Kansas City Southern said it will take a new look at Canadian Pacific Railway Ltd.’s $27 billion acquisition offer and hold talks with the company after a recent regulatory ruling jeopardized a rival bid that the U.S...
McLeod Russel steps out of insolvency after settlement with creditor
The promoters of McLeod Russel India, the country’s largest tea producer in India, have reached a settlement with financial creditor, Techno Electric & Engineering, paving the way out of insolvency. Aditya Khaitan...
Aon increases stake to 100% in Aon India Insurance Brokers
NYSE listed Aon plc, a global professional services firm providing a broad range of risk, retirement and health solutions, has increased its stake in Aon India Insurance Brokers by acquiring the 51 per cent stake from...
RIL eyes entering new materials, renewable energy biz through acquisitions
Reliance Industries (RIL) is looking to speed up its entry into the new materials and renewable energy business through fresh acquisitions. RIL Chairman Mukesh Ambani had announced that the company will be going global...
