There’s a lot of cash swishing about in the Nordic region and that leaves plenty of potential for more mergers and acquisitions, according to JPMorgan Chase & Co. “There’s massive amounts of dry powder both on the...
TVS Logistics in talks to acquire Gati for Rs 1,500 crore.
TVS Logistics, India’s largest logistic services provider, is in talks with smaller rival Gati to buy a controlling stake for about Rs 1,500 crore, signalling bigger investments, in an industry benefiting from a surge...
Reliance to sell entire stake in Cambay Basin to Sun Petrochemicals
Reliance Industries Ltd (RIL) said it has agreed to sell its entire 70% stake Gujarat’s Cambay Basin block to Dilip Shanghvi-promoted Sun Petrochemicals Pvt. Ltd (Sun Oil and Natural Gas) for an undisclosed amount...
Syntel Telecom set to buy Enkay Technologies
Syntel Telecom, the telecommunication unit of Arvind Ltd, has agreed to buy enterprise unified communications provider Enkay Technologies as the 80 year-old textiles and fabrics major is diversifying and strengthening...
Banks wary of Modi government’s merger plan for fear of loss of brand name
The government is looking at consolidation of at least two state-run banks in this financial year, but some of the lenders identified for merger or takeover by bigger entities have expressed serious reservations on...
Telco consolidation will open opportunities, says IBM
Technology major International Business Machines Corp (IBM) has said the ongoing consolidation among India’s telcos will open up new opportunities for the company, and it is in talks with them to help the carriers...
DLF’s 40 per cent stake sale in rental arm to GIC enters final lap
The deal between the country’s largest realty developer DLF and Singapore’s sovereign wealth fund GIC for a 40 per cent stake in DLF Cyber City Developers (DCCDL) has entered the final stages. DLF told...
GSPC revives plan to sell stakes in gas blocks
Gujarat State Petroleum Corp. Ltd (GSPC) has revived its plan to sell stakes in 20 of its onshore oil and gas blocks, two people aware of the development said. The Gujarat government owned company had decided to sell...
Russia aiming for over $11 billion from Rosneft stake sale
Russia hopes to fetch more than $11 billion for a minority stake in the Kremlin’s flagship oil producer Rosneft before the end of the year to plug budget holes caused by low crude prices, an industry source told...
Anbang’s Starwood retreat is setback for China’s M&A campaign
Anbang Insurance Group Co’s unexpected withdrawal this week of its $14 billion offer to buy Starwood Hotels & Resorts Worldwide Inc is a wider blow to the unprecedented drive by Chinese companies to acquire...
Whitbread Needs a Diet
Alison Brittain faces a storm in a coffee cup. The new CEO of Whitbread is grappling with a 25 percent decline in the bars-to-hotels conglomerate’s shares over the past year and the threat of slowing sales...
Den Networks to sell 55% stake in Den Sports for Rs 43.32 crore.
Cable TV distribution company Den Networks will sell 55 per cent of Den Sports, which indirectly owns Indian Super League team Delhi Dynamos, to Wall Street Investments for Rs 43.32 crore. The company has “entered...
