The Kotak MahindraBSE 0.07 % Group has tied up with Canada Pension Plan Investment Board (CPPIB) to invest in stressed assets in India to take advantage of opportunities that arise as banks clean up account books of bad...
Dutch beer giant Heineken appoints JM Financial to help increase stake in United Breweries.
Dutch beer giant Heineken has appointed investment bank JM Financial to help increase its stake and control in United Breweries in yet another sign that beleaguered liquor baron Vijay Mallya’s hold over the last...
Jindal Power sells 4.12% stake in Indian Energy Exchange
Debt-ridden power producers Jindal Power and Reliance Infrastructure are selling their stake in India Energy Exchange (IEX) to raise capital for servicing debt. Last week, ratings agency CRISIL had downgraded certain...
Wipro picks minority stake in US fraud prevention firm Emailage Corp
India’s third largest IT services firm Wipro has made an undisclosed investment to pick up minority stake in Emailage Corp, a US risk assessment and fraud prevention company. This investment is in line with Wipro’s...
OnePlus partners Foxconn to start manufacturing in India
As it is looking at rapidly expanding into the Indian market, smartphone manufacturer OnePlus has partnered with contract manufacturer Foxconn to build its devices locally. The Chinese company is experimenting with its...
Noble seeks major funding breakthrough without asset sales
Trading house Noble Group is under no pressure from banks to sell assets and is not planning further divestments as it negotiates more than $4 billion of new and refinanced loans with lenders, a senior source close to...
Vivendi ups Telecom Italia stake to just below bid threshold
French media group Vivendi (VIV.PA) has raised its stake in Telecom Italia (TLIT.MI) to 24.9 percent, just below the 25 percent threshold that would force it to launch a takeover bid, according to a filing with U.S...
Washington, D.C. agency cannot agree to Pepco, Exelon proposals on merger
A Washington, D.C. agency that advocates for utility customers rejected on Friday a possible compromise that would allow power company Exelon Corp (EXC.N) to merge with Pepco Holdings Inc (POM.N). The companies need...
Startup Stemcentrx exploring strategic options, including sale
Stemcentrx Inc, a San Fransisco-based biotechnology startup, is pursuing strategic alternatives including a sale, the Wall Street Journal reported. The company, backed by PayPal Holdings Inc (PYPL.O) co-founder Peter...
Intel Mulls Sale of $1 Billion Venture Capital Portfolio
Intel Corp., one of the world’s largest makers of computer components, is planning to sell part of its venture capital unit, assets that could be worth as much as $1 billion, said people familiar with the matter. The...
Blackstone-Anbang agree on $6.5-bn hotel deal
Blackstone Group agreed to sell Strategic Hotels & Resorts to China’s Anbang Insurance Group Co. for about $6.5 billion, just three months after it purchased the US.luxury-resort company, according to people...
DBS to buy Royal Bank of Scotland’s Indian onshore operations for Rs 1,000 crore.
DBS Group Holdings, Southeast Asia’s largest bank, is set to acquire Royal Bank of Scotland Group’s Indian onshore operations for about Rs 1,000 crore, a much-awaited deal that will see the exit of...
