PE firms to buy Sabre for $4.3 bn Sabre Holdings, owner of website Travelocity, has agreed to be sold to private equity firms Silver Lake Partners and Texas Pacific Group for about $4.3 billion, the New York Times...
Tatas free to raise stake: SpiceJet
Tatas free to raise stake: SpiceJet Budget carrier SpiceJet has left the door open for the Tatas to increase their stake in the airline. “It is totally up to the Tatas how they go about it in future,” Bhulo...
Tatas buy 7.5% in SpiceJet
Tatas buy 7.5% in SpiceJet First investment by the group in aviation; deal size may be less than Rs 100 cr. In its first investment in the aviation sector, the Tata group has picked up a 7.5 per cent stake in Delhi...
Swiss Re to foray into health insurance
Swiss Re to foray into health insurance Swiss Re will acquire 26 per cent stake in TTK Healthcare Services Pvt Ltd, subject to regulatory approval. TTK Healthcare is a third party administrator providing insurance...
BoDs of ICICI Bank, Sangli Bank OKs merger
BoDs of ICICI Bank, Sangli Bank OKs merger The all-stock merger of The Sangli Bank Ltd with ICICI Bank Ltd was today approved separately by the Boards of the two banks. Deloitte Haskins & Sells, the independent...
CSN goes for the kill on Corus
CSN goes for the kill on Corus In a day of dramatic developments, Brazil’s Companhia Siderurgica Nacional today launched a $9.6 billion bid for Anglo-Dutch steel company Corus just hours after Tata Steel raised...
Tata to claim 7.5 pc stake in Spice Jet
Tata to claim 7.5 pc stake in Spice Jet The Tata’s are all set to pick up an 8 per cent stake in the low cost airliner Spice Jet. A company spokesperson confirmed that "Tata group through a financial arm of...
Grasim likely to buy stake in Austrian fibre-maker
Grasim likely to buy stake in Austrian fibre-maker The Aditya Birla group is believed to be in advanced talks to pick up stake in Austrian fibre manufacturer Lenzing. While an industry source said Grasim Industries, a...
Tatas raises offer for Corus preempting rival
Tatas raises offer for Corus preempting rival Tatas on Monday raised the offer to acquire Corus Group Plc to $9.2 billion from the original $8.1 billion and the board of the Anglo-Dutch steel maker has recommended the...
Tatas to pay $9.2 bn for Corus
Tatas to pay $9.2 bn for Corus Tatas on Monday raised the offer to acquire Corus Group Plc to $9.2 billion from the original 8.1 billion dollars and the Board of the Anglo-Dutch steelmaker has recommended the higher bid...
SpiceJet deal to alter designs in the skies
SpiceJet deal to alter designs in the skies The Tata group’s proposed equity exposure in SpiceJet, albeit a ‘financial investment’, is the first sign of a subterranean shift in equations among the...
Bank of India buys 76 pc stake in Indonesian bank
Bank of India buys 76 pc stake in Indonesian bank Bank of India today acquired majority 76 per cent stake in Indonesian bank, P T Bank Swadesi Tbk, said a press release from Bank of India. This is the first overseas...
