UB Group nearing Whyte & Mackay deal The UB Group is learnt to be closing in on the UK-based Whyte & Mackay and the deal could happen towards the end of January next year. Taking shelter under a confidentiality...
SwissRe to buy 26% of TTK Healthcare
SwissRe to buy 26% of TTK Healthcare Swiss Re said it is to acquire a 26 percent stake in TTK Healthcare Services Pvt Ltd (TTKHCS) one of India’s leading health insurance third party administrators. Swiss Re said...
Bidding war: Tatas’ next move still unclear
Bidding war: Tatas’ next move still unclear Finally, after weeks of an expectant hush, the bidding war between the Tatas and the Brazilian CSN for Corus has broken out in real earnest. In a swift series of moves...
SpiceJet board okays Tata stake buy
SpiceJet board okays Tata stake buy The SpiceJet board on Monday gave the green signal to Tata group’s investment in the low-cost carrier. The Tatas are believed to have picked up anywhere between 7.5%-10% stake...
Tatas raise Corus takeover bid to USD 9.2 bn
Tatas raise Corus takeover bid to USD 9.2 bn Tatas today raised the offer to acquire Corus Group Plc to 9.2 billion dollars from the original 8.1 billion dollars and the Board of the Anglo-Dutch steelmaker has...
BoI buys Indonesian bank for $25 million
BoI buys Indonesian bank for $25 million State-owned Bank of India (BoI) on Monday announced the acquisition of a controlling 76% stake in Indonesian bank PT Bank Swadesi at an estimated cost of $20-25 million. The...
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...
Indiabulls Financial – Hon’ble High Court, Delhi sanctions Scheme of Arrangement
Indiabulls Financial – Hon’ble High Court, Delhi sanctions Scheme of Arrangement Indiabulls Financial Services Ltd has informed BSE that the Hon’ble High Court of Delhi at New Delhi vide its order...
WPP merges R+K with Enterprise IG
WPP merges R+K with Enterprise IG Enterprise IG, the WPP group’s design consultancy firm, has merged the Bangalore-based Ray+ Keshavan with Itself. WPP had acquired the Bangalore-based Ray+Keshavan last month. The...
