The Ruias are planning to sell up to a 74% stake in Essar Oil in a multi-stage transaction, as they seek to reduce the debt burden of the group. In addition to the 49% stake that they are in discussions to sell to...
Alibaba may tieup with Tatas to venture into online retail market in India
Chinese ecommerce giant Alibaba has approached Tata Sons for a possible partnership as it looks to set up shop in India later this year in a development that looks set to shake up the country’s rapidly growing...
Lafarge India begins Rs 10,000-cr sell-off
Lafarge India begins its sale process this week after receiving approval from the Competition Commission of India. The French cement giant has appointed Arpwood Capital and Citi as investment bankers to sell the entire...
Dupont forms joint integration management office team with Dow
Dow and Dupont have formed joint integration management office team to run the integration process across two companies Source text: 1.usa.gov/1Wultgd Further company coverage:
Aeropostale to explore strategic alternatives, including sale
Teen apparel retailer Aeropostale Inc (ARO.N) said it was exploring strategic alternatives, including a sale, after posting its 13th straight quarterly loss. The company’s shares fell 52 percent in after-hours...
Foodpanda buys Delivery.com’s HK business, consolidating territories
Online takeaway delivery firm Foodpanda is acquiring the Hong Kong assets of U.S.-based Delivery.com as it consolidates its position in key markets while shedding assets elsewhere. Founded in 2012, Berlin-based...
Viacom receives interest for Paramount minority stake
Viacom Inc (VIAB.O) has received interest from three dozen companies for a minority stake in its Paramount Pictures studio, Chief Executive Philippe Dauman said in an interview with the Wall Street Journal. In February...
Cement Deal-Making Wave Is Over, HeidelbergCement Chief Says
A wave of consolidation among European cement makers is over, according to HeidelbergCement AG Chief Executive Officer Bernd Scheifele. “There won’t be any big movements,†he said at a press conference in...
Flipkart arm Ekart ties up with Apollo Pharmacy for delivery and pickup services.
Ekart, the logistics unit of Flipkart, is rolling out two new initiatives aimed at improving efficiency and capacity utilisation. It has tied up with Apollo Pharmacy for delivery and pickup of products like smartphones...
Mumbai-based Warmond Trustees & Executors to buy Julius Baer’s trust services business.
Four years after acquiring Merrill Lynch’s non-US wealth management business, Swiss bank Julius Baer (JB) is selling a key vertical in India. Mumbai-based law firm Warmond Trustees & Executors has agreed to...
Sajjan Jindal-led JSW Energy set to acquire 1,000 MW power plant for Rs 6,000 crore
JSW Energy, the flagship power generating company of Sajjan Jindal, is set to acquire a 1,000 MW Jindal Power plant for about Rs 6,000 crore, two persons familiar with the matter told ET. “The broad contours of...
Blackstone nears deal to buy HP’s stake in Mphasis for $940 mn
Blackstone Group LP is nearing a deal to acquire HP Inc’s controlling stake worth about $940 million (about Rs 6,248 crore) in Indian information technology (IT) outsourcing services provider Mphasis Ltd, according to...
