GE to sell arms for $3.8bn General Electric said on Thursday that it had agreed to sell its advanced materials business, which includes silicones and quartz, to private equity firm Apollo Management LP for about $3.8bn...
Drugmakers eye Bristol-Myers
Drugmakers eye Bristol-Myers Several of the world’s top drugmakers may weigh acquiring Bristol-Myers Squibb after it fired its chief executive, although suitors seem unlikely to bid before next year, analysts said...
Electrolux seen as next buyout target
Electrolux seen as next buyout target Bondholders are growing concerned that Electrolux AB, the world’s second-biggest maker of household appliances, may be a takeover target, according to traders betting on the...
IA, A-I to shed 1,700 post-merger
IA, A-I to shed 1,700 post-merger State-run carriers Air-India and Indian Airlines will offer a voluntary retirement scheme (VRS) aimed at reducing their staff strength by more than 1,700 employees. A-I has 15,700...
IA, A-I to shed 1,700 post-merger
IA, A-I to shed 1,700 post-merger State-run carriers Air-India and Indian Airlines will offer a voluntary retirement scheme (VRS) aimed at reducing their staff strength by more than 1,700 employees. A-I has 15,700...
Bank of Maharashtra eyes acquisitions
Bank of Maharashtra eyes acquisitions State-owned Bank of Maharashtra (BoM) is eyeing acquisitions, preferably in the South or the North.The Pune-headquartered bank had put in an expression of interest recently to...
Birlas to pick up 49% in Intas Bio
Birlas to pick up 49% in Intas Bio The Aditya Birla group is likely to pick up 49 per cent stake in the biotechnology business of the Ahmedabad-based Intas Pharmaceuticals. The promoters are planning to divest a...
Dabur eyes M&As in personal, health, skincare segments
Dabur eyes M&As in personal, health, skincare segments Dabur India Ltd is planning major domestic and international mergers and acquisitions as part of its `Vision 2010′ plan, by acquiring brands of particular...
SBI to focus on big-ticket overseas buyouts
SBI to focus on big-ticket overseas buyouts THE country’s largest bank, the State Bank of India (SBI), will look only at fairly large-size overseas acquisitions the next time around. The bank is set to be a more...
IDBI board meet on Sept 21 to take up UWB merger
IDBI board meet on Sept 21 to take up UWB merger A board meeting of IDBI is slated to be held on September 21 to discuss the Reserve Bank of India’s (RBI) draft scheme for its amalgamation with United Western...
IDBI gears up for UWB takeover
IDBI gears up for UWB takeover IDBI Ltd, which won the race for United Western Bank (UWB) leaving behind 16 players, would hold a board meeting on September 21 to discuss the Reserve Bank of India’s (RBI) draft...
Quick IDBI-UWB integration must
Quick IDBI-UWB integration must In order to reap the benefits of the proposed amalgamation with United Western Bank (UWB), the key remains how fast the integration of the Satara-based bank with IDBI is undertaken, feel...
