Heidelberg Cement (HEIG.DE) could buy parts of Lafarge Holcim’s (LHN.S) business in Indonesia that is up for sale, Heidelberg Cement Chief Executive Bernd Scheifele said on Tuesday. Lafarge Holcim is planning to raise...
ORL may merge 2 unlisted arms with itself
Orient Refractories (ORL) plans to merge its two unlisted subsidiaries – RHI India and RHI Clasil – with itself for better operational efficiency and simplify holding structure. All three companies are part...
Ascendas India Trust inks pact to buy 2 IT park buildings in Hyderabad
Ascendas Property Fund Trustee, the trustee-manager of Ascendas India Trust has entered into a forward purchase agreement with Phoenix Ventures to acquire two buildings in Hyderabad with a combined leasable area of...
Flipkart-Walmart deal: CCI seeks government response on FDI
The Competition Commission of India (CCI), which is scrutinising Walmart’s acquisition of majority stake in homegrown e-commerce player Flipkart, has sought the government’s response on the foreign direct...
LIC views IDBI acquisition as a sound business deal, says Piyush Goyal
The Life Insurance Company (LIC) considers its decision to own 51 per cent in state-owned IDBI Bank a sound business move and a good investment opportunity, Finance Minister Piyush Goyal said on Tuesday. “With the...
Vivendi considers selling half its UMG music “jewel”
Vivendi is considering selling up to half of its UMG music division to one or several strategic partners, ending months of speculation about a potential stock market listing of the unit, whose value soared on booming...
US Foods to buy SGA’s Food Group for $1.8 billion
Food distribution company US Foods Holding Corp said on Monday it would buy SGA’s Food Group of Cos for $1.8 billion in cash and reported disappointing second-quarter sales, sending its shares down 15 percent. With 12...
Vodafone-Idea merger: Behind the scenes report on corporate & legal intricacies
The swift way in which the Idea-Vodafone merger is progressing under a year shows the improvement in ease of doing business in India.” That was Vittorio Colao at the World Economic Forum (WEF) governors’ meeting in...
HealthPlix raises $3 million from Kalaari, IDG Ventures
Health-tech start-up HealthPlix Technologies Pvt. Ltd has raised $3 million in a Series A funding round led by IDG Ventures India and Kalaari Capital. The company had earlier raised $0.5 million in three rounds of angel...
Blackstone in talks with Singh brothers, Dhillon family to acquire realty assets
Global private equity major Blackstone Group is in advanced talks with Ranbaxy’s Singh brothers and Dhillon family to acquire their real estate portfolio spread over 1 million sq ft office properties for over Rs 1,000...
HDFC Bank launches ₹15,500 crore share sale
HDFC Bank Ltd, India’s biggest private sector lender, has launched a share sale to raise up to ₹15,500 crore from domestic and foreign institutional investors. The fundraiser will comprise a mix of a qualified...
SoftBank-Owned ARM Is Said to Agree to Buy Treasure Data
ARM Holdings Plc, the British computer-chip designer owned by SoftBank Group Corp., has agreed to buy U.S.-based data analytics firm Treasure Data Inc., people familiar with the matter said. Treasure Data may fetch...
