India’s Competition Commission(CCI) has cleared JSW Paints Ltd.’s plan to acquire as much as 75% of Akzo Nobel India Ltd., a deal that would reshape the South Asian nation’s paints and coatings market. According to a...
Thyssenkrupp gets non-binding bid for steel unit from Jindal Steel International
Thyssenkrupp has received a non-binding bid for its steel unit from a division of Indian conglomerate Naveen Jindal Group, the German company said on Tuesday, the latest twist in the group’s years-long effort to...
Novo Holdings in talks to buy into Surya Hospitals
Novo Holdings, a 142 billion euro investment firm that controls drug maker Novo Nordisk, has entered into exclusive talks to acquire a 49% stake in Mumbai-based Surya Hospitals, said people familiar with the matter. A...
GTCR to Acquire Zentiva in $4.8 Billion Deal
Private equity firm GTCR has agreed to acquire Czech generic drugmaker Zentiva from Advent International in a transaction valued at €4.1 billion ($4.8 billion), according to reports in the Financial Times. The deal...
Supreme Court of India calls speculative investors ‘slow poison’ for real estate, seeks safeguards for homebuyers | Hindustan Times
In a landmark ruling with wide-ranging implications for the real estate sector, the Supreme Court of India has drawn a clear distinction between speculative investors, whom it described as ‘slow poison’, and genuine...
Precision Camshafts to Dispose 100% Stake in Material Subsidiary
Precision Camshafts Limited has announced its decision to dispose of 100% shareholding in its material subsidiary by initiating insolvency proceedings. This move was decided during a board meeting held on September 8...
Brazil’s BRF acquires pet food company Hercosul, considers price hike
Brazilian food processor BRF SA has reached an agreement to acquire pet food company Hercosul for an undisclosed amount, in a moment the company considers a price rise as corn prices skyrocketed, its Chief Executive...
Airtel buys 10% in digital content firm Spectacom
Bharti Airtel said it will help Spectacom deliver exclusive digital content through its platforms Airtel Xstream and Wynk Music. This deep digital distribution reach will allow Airtel customers, including the youth in...
NCLAT sets aside CAIT plea against CCI nod to Flipkart’s acquisition by Walmart
A two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya said CAIT failed to establish its allegations against CCI granting approval for Walmart-Flipkart deal. NCLAT also said Flipkart was not...
Nirmala Sitharaman reviews amalgamation of public sector banks
Finance minister Nirmala Sitharaman on Thursday reviewed the progress on the amalgamation of public sector banks that is expected to come into effect from April 1. “Amalgamating PSBs made a presentation to Hon. FM...
Sinclair Oil weighs offers for company sale
Sinclair Oil Corp, which operates two Wyoming refineries and has licensed more than 1,000 branded gasoline stations, is reviewing offers to buy the company, according to three people familiar with the matter. A Sinclair...
SoftBank to buy back up to $4.8 billion of its shares after pressure from Elliott
SoftBank Group Corp said on Friday it will buy back up to 7% of its own shares for as much as 500 billion yen ($4.8 billion) – a decision that comes after activist investor Elliott Management pressed for $20...
