Japan-based Fujitsu General, a leading manufacturer of air conditioners and other technology products, prepares for a new growth trajectory in its Indian air-conditioner business with joint venture realignment and entry...
Flipkart in talks with Wal-Mart, CPPIB for $1 b funding
After a year of discussions with various global investment firms, Indian e-commerce giant Flipkart may soon close a deal to raise around $1 billion to fuel its expansion and take on arch rival Amazon.in. According to...
Bank merger move to face hurdles in Kerala
With the State Bank of India going ahead with measures for a merger with the State Bank of Travancore, the employees of the latter, under the banner of State Sector Bank Employees Association (SSBEA), have decided to...
Sterlite ups Asarco bid by $500 m
The UK-based Vendanta Resources’ subsidiary Sterlite Industries on Thursday said it has raised its offer for the operating assets of bankrupt US copper mine Asarco by about $500 million. The revised bid will be $2...
Bharti-MTN extend merger talks till Sept
Bharti Airtel and South African telecom major MTN have decided to extend their talks for a possible merger till September 30. This is the second time the two companies have extended the exclusivity period. Earlier, they...
McNally Bharat acquires German co
McNally Bharat Engineering Company Ltd has acquired the worldwide coal and minerals processing business and equipment manufacturing facility of KHD Humboldt Wedag, a German engineering company, for an undisclosed amount...
Tata Chem not to consider Rallis merger for now
Tata Chemicals has ruled out the merger of Rallis India with itself for the next six months but said options were open. Mr R. Mukundan, Managing Director, Tata Chemicals, said, “I can assure that we are not...
Tata Chem buys 4 other group cos’ stakes in Rallis
Tata Chemicals has bought out the stakes of four other Tata group companies in Rallis India, and in the process increased its holding to 45.08 per cent. It paid a total of Rs 363.44 crore for acquiring the 35.68 per...
Berger to divest Malaysian stake
Asian Paints’ 100 per cent subsidiary Berger International, Singapore, has signed a conditional share purchase agreement to divest its entire shareholding in Berger International Sdn. Bhd., Malaysia, for RM...
Small mergers, acquisitions may not need court nod
Soon companies entering into small mergers and acquisitions (M&As) without any competition issues — such as abuse of dominant position and creation of a monopoly — or shareholder dissent, may not have to...
Divestment in 6-7 PSUs in next ten months, says Chawla
The Government has lined up plans to divest stake in at least six to seven public sector undertakings in the next 10 months, the Finance Secretary, Mr Ashok Chawla, told reporters here today. While refusing to name the...
US’ Travelocity buys Travelguru
The US-based online travel company Travelocity has acquired one of India’s largest online hotel distribution networks, Travelguru, for an undisclosed sum. “Travelguru will continue to operate as a standalone...
