The merger of two telecom giants – Vodafone and Idea Cellular — imply that the Indian mobile market will soon be paired down to four major national mobile operators. There are now hopes this will ease the fierce round...
NCLT consults Centre, bankruptcy board to resolve Jaypee Infra deadlock
In the matter between IDBI Bank and Jaypee Infratech, the National Company Law Tribunal’s (NCLT) New Delhi Bench has sought views from the government and Insolvency and Bankruptcy Board of India (IBBI) on ways to...
Essel Group in talks to sell road assets to CDPQ, Cube Highways
Roads platform Cube Highways and Infrastructure Pte. Ltd and Canada’s Caisse de dépôt et placement du Québec (CDPQ) are in talks to buy three toll roads from debt-laden Essel Group, three people aware of the matter...
Essar Steel CoC cannot discriminate between operational creditors, observes NCLAT
The National Company Law Appellate Tribunal (NCLAT) on Tuesday observed that the Committee of Creditors of Essar Steel cannot discriminate between operational creditors of the debt-ridden firm. The CoC of Essar Steel...
UK Climate Investments invests ₹275 crore in CleanMax Solar
CleanMax Solar, which provides renewable energy to companies, on Tuesday said that it has raised ₹275 crore in equity funding from UK Climate Investments LLP (UKCI). UKCI is a joint venture between the Green Investment...
CDC invests $40 million in BigBasket at unicorn valuation
CDC Group, the UK’s development finance institution, said on Tuesday that it has invested $40 million in homegrown grocery delivery firm BigBasket. The investment is part of a bigger round of $150 million that BigBasket...
Viacom CEO Says ‘Absolutely Not’ on Need for CBS Deal
Viacom Inc. Chief Executive Officer Bob Bakish discusses the $340 million acquisition of Pluto TV, content distribution strategy, and progress in talks about a merger with CBS Corp. He speaks with Bloomberg’s...
Here’s Why Bristol-Myers Needs a $74 Billion Shot in the Arm
Bristol-Myers Squibb Co.’s impending $74 billion acquisition of biotechnology giant Celgene Inc. makes it easy to overlook something as relatively prosaic as the firm’s fourth-quarter earnings results Thursday. They...
Alibaba-backed Easyhome to float new retail unit in $5.7 billion reverse merger
Alibaba-backed home improvement chain Easyhome will take its new retail arm public via a deal worth up to $5.65 billion with a Chinese state-backed listed retail conglomerate, showed stock exchange statements published...
Kuwait Finance House offers 17 pct premium in merger deal with Bahrain’s AUB
Kuwait Finance House agreed the terms of its merger with Bahrain’s Ahli United Bank , the two banks said in a statement on Thursday, ahead of the first major cross-border bank deal in the Gulf region. Bahrain’s Ahli...
Yellow Tie hospitality gobbles up Bombay Blue
Restaurant franchise management company Yellow Tie Hospitality Management, has acquired casual dining brand Bombay Blue from Everstone Equity-owned Blue Foods for an undisclosed amount. Yellow Tie Hospitality operates...
Mindtree founders eye white knight to check takeover bid
The founders of Bengaluru-based IT services company Mindtree are looking to shore up their control of the company against a possibly hostile takeover, with 21% stakeholder VG Siddhartha’s exit imminent, said people...
