Indian Hotels Company (IHCL), one of the country’s largest and oldest hotel chains, said on Friday its subsidiary Samsara Properties sold 1.24 per cent stake in Belmond for $11.96 million (Rs 81.32 crore). After the...
Zee Media to acquire 80% stake in India Today firms.
Zee Media Corporation will acquire up to 80 per cent stake in India Today group’s loss-making e-commerce and TV shopping entities Today Merchandise and Today Retail Network Pvt Ltd for Rs 165.78 crore in staggered...
Reliance Communications, Aircel rejig merger plan; each will hold 50% in new entity.
Reliance CommunicationsBSE -3.00 % and Aircel, which are in talks to merge, have agreed that the Anil Ambani-run telco will combine its wireless business with the smaller rival owned by Maxis and both parent companies...
IVL set to acquire strategic stake in Dhunseri Petrochem.
Indorama Ventures (IVL), the Bangkok-headquartered polyester producer founded by billionaire Indian-origin businessman Aloke Lohia, is close to acquiring a strategic majority stake in Kolkata-based Chandra Kumar...
Blackstone and Carlyle in talks to pick Indfrag stake.
After the successful IPO of SH Kelkar, fragrance companies have become the flavour of the season. Bulge bracket private equity funds, including Blackstone and Carlyle, are in talks with Bengaluru-based fragrance and...
FMCGs ready for buyouts with surplus cash
Consumer goods companies are expected to step up the pace of acquisitions in the coming months as organic growth in the Rs 3.2-lakh-crore domestic fast moving consumer goods (FMCG) market remains muted. While financial...
L&T to sell 49% in insurance arm
Infrastructure and engineering major Larsen & Toubro (L&T) is planning to sell 49 per cent stake in its general insurance company to a foreign entity. The deal is expected to be finalised in the next three to...
Jaypee sells cement biz to UltraTech for Rs 16,500 cr
In one of the biggest transactions in the cement industry, the debt-laden Jaypee group signed a binding agreement on Sunday to sell its cement business, with a capacity of 18.4 million tonnes per annum (mtpa), to the...
Sharp shares plunge after Foxconn puts takeover deal on hold
Shares in Sharp Corp (6753.T) plummeted on Friday after Taiwan’s Foxconn put its takeover of the ailing Japanese electronics maker on hold, with sources saying previously undisclosed liabilities were responsible...
Honeywell: Buyer, Seller or Both?
What’s Honeywell up to now? No sooner had investors gotten used to the idea that the industrial giant’s appetite for acquisitions had grown — and by a lot — than news arrived that the company has...
Bharti Telecom plans to raise stake in Bharti Airtel to over 50%.
Bharti Telecom Ltd (BTL), the holding company jointly owned by Sunil Mittal and Singtel, plans to raise its stake in Bharti AirtelBSE -0.68 % to over 50 per cent through open market purchases, shelving its earlier...
Times Internet partners with Investopedia to deliver trusted financial content to India.
Times Internet, the largest Indian Digital Network, today announced a strategic partnership with Investopedia.com, one of the web’s premier destinations for financial information. Through this partnership...
