Exxon Mobil is in talks to buy a stake of around 15 percent in Italian oil major Eni’s giant Area 4 gas field in Mozambique, two sources familiar with the matter said. Exxon is seen as a front-runner to buy into...
Dell nears sale of IT services unit to Japan’s NTT Data
Dell Inc is set to announce an agreement on Monday to sell its non-core information technology consulting division to Japan’s NTT Data Corp for $3.5 billion, people familiar with the matter said on Sunday. The...
Yokohama Rubber Co to buy Alliance Tire Group for $1.2 billion
Yokohama Rubber Co has agreed to buy out Alliance Tire Group (ATG), controlled by US private equity giant KKR, for about $1.2 billion in one of the biggest private equity exits from an India-focused investment and one...
Napino group arm ties up with Germany’s ZF for switches.
Auto components maker Napino Group firm Vishnu Vaibhav Industry has tied up with Germany’s ZF TRW Global Body Control Systems (BCS) to supply switches for four-wheelers to automobile manufacturers in India. As per...
Link Intime, Karvy Computershare in fray to buy Sharepro.
Leading share registrars Link Intime and Karvy Computershare are in the race to acquire rival Sharepro Services, which is under a regulatory ban over alleged fraudulent deals. Link and Karvy executives are to meet...
Adani offers 49% stake in Dhamra LNG project to IOC, GAIL
Adani Group has offered 49 per cent stake in its Rs 5,000-crore Dhamra LNG project in Odisha to state-run gas utility GAIL India and refiner Indian Oil Corporation (IOC). Adani has formally written to the two state...
Yokohama Rubber to announce acquisition of overseas tyre maker
Japan’s Yokohama Rubber Co said it would announce the acquisition of an overseas tyre maker at 3 p.m. (0600 GMT) on Friday. It gave no further details ahead of the announcement.
Italy Bank Merger Sparks Analyst Skepticism as Shares Decline
Banco Popolare SC and Banca Popolare di Milano Scarl dropped after the lenders agreed to form Italy’s third-largest bank, with analysts signaling skepticism about plans to cut costs and raise capital. The two lenders...
ONGC’s $1.3 billion Vankor stake purchase gets Russia nod
The Russian government has approved a deal for Oil and Natural gas Corp. Ltd (ONGC) to acquire a 15% stake in the Vankor oilfield for $1.3 billion from Rosneft, the Interfax news agency reported on Thursday citing Anti...
Pride hotels lines up Rs 600 crore for expansion
Pride Group of Hotels will invest over Rs 600 crore over the next 2-3 years to strengthen its portfolio through greenfield projects and acquisitions, said a top company official. The investments will include a new...
CaratLane in talks with US-based online stores for acquisition
If jewellery ecommerce entrepreneur Mithun Sacheti has his way, he will cut his diamonds in Chennai and sell them in the US, part of a plan to link India’s lowcost manufacturing with the hotly contested etail...
ITC acquires Technico Agri Sciences for Rs 121 crore
FMCG to cigarettes major ITC Ltd on Thursday said it has completed the full acquisition of Technico Agri Sciences Ltd (TASL), a company owned by its direct subsidiary, Technico Pty Limited (TPL), Australia for a cash...
