Bankers to Essar Oil will get Rs 4,000 crore from Rosneft deal of Rs 82,740 crore (USD 12.9 billion) which will reduce Essar’s Group debt by Rs 70,000 crore
Earlier, Essar Oil's new non-executive director, Jonathan Kollek had said, "They (Essar Oil) cannot build a refinery, they cannot build petrol stations. There is a non-compete, forever."
The government last month had approved sale of its 51.11 per cent stake in oil refiner HPCL to India's largest oil producer ONGC.
Business news channel ET Now had aired a report which said that the companies are evaluating a potential merger.
IFCI will sell its entire 26 percent stake in Transport Finance Corporation of India Ltd (TFCI). In an interview to CNBC-TV18, BN Nayak, CFO & ED of IFCI shared his readings and outlook on the same.
Adani Transmission on Monday said it has acquired 100 percent share capital of Hadoti Power Transmission Services Ltd from Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RVPN).
Zee Media Corporation reported a steady set of numbers and margins improved but operating costs were higher. In an interview to CNBC-TV18, Sumit Kapoor, CFO of the company spoke about the results and his outlook going forward.
Whether or not the deal goes through rests on the acceptance of a “sustainable sales guarantee” clause that Crompton wants to include in the final sale agreement, according to Mint.
“This partnership brings the bio technology startups closer to angel investors, who apart from money will provide invaluable mentoring and global market access,” IAN said in a statement.
Securities and Exchange Board of India’s (Sebi) move is a step in the right direction. That's the word coming in from HDFC Chairman, Deepk Parekh. Also talking about HDFC Life, he says they are only focusing on the initial public offering (IPO) for now. CNBC-TV18's Ritu Singh caught up with him and asked his views on the latest Sebi circular on tightening disclosure norms for listed entities.
CNBC-TV18 quoting government sources said on Wednesday that the Cabinet could reject the Gland Pharma-Fosun deal on the basis of the transfer of unique technology from the Indian pharma company to foreign competitor
The deal was announced last July when Shanghai Fosun agreed to buy an 86 percent stake in KKR & Co-backed Gland Pharma.
In an interview to CNBC-TV18, SK Acharya, Chairman of NLC India spoke about the acquisition and the latest happenings in the company.
CNBC-TV18 learns that a crucial Max Life board meet is taking place this Friday on July 28 to look at options to salvage the merger with HDFC Life.
CNBC-TV18 learns from sources that ICICI Pru has submitted its valuation report to Insurance Regulatory and Development Authority (IRDA) for merging Sahara Life into the company.
CNBC-TV18's Anshu Sharma asked oil minister Dharmendra Pradhan about the timeline for the integration of Hindustan Petroleum Corporation (HPCL) and Oil and Natural Gas Corporation (ONGC) now that the Cabinet Committee on Economic Affairs (CCEA) has given the nod.
The government has given the go-ahead for oil and gas explorer Oil and Natural Gas Corporation (ONGC) to acquire the centre's 51 percent stake in retail company Hindustan Petroleum Corporation Ltd (HPCL).
The government should allow the banks to resolve the NPA issues first and then move towards consolidation, said P Pradeep Kumar, former MD, SBI.
In an interview to CNBC-TV18, Amitabh Chaudhry, MD & CEO of HDFC Life spoke about the latest happenings in the company.
Max Financial Services is in focus on news that HDFC Life will continue looking at Max Financial Services merger proposal along with its initial public offering (IPO) plans. In an interview to CNBC-TV18, Nidhesh Jain, Analyst at Investec Capital Services shared his views on the merger and other NBFC stocks.
With the merger, Deloitte will be one step closer to taking one of the two top spots, threatening EY/PwC's positions
India's first and only listed e-commerce company Infibeam Incorporation has gained 160 percent since its issue in April 2016. The company is also in focus of merger buzz with e-commerce giant Snapdeal.
Shriram Transport Finance Corporation held a conference call on Friday post market hours. The management was trying to explain how the customers or the shareholders of Shriram Transport can gain from access to the banking channel which IDFC Bank has, Santosh Singh, Head of Research India at Haitong Securities told CNBC-TV18.
We are half way through 2017, how has Deal Street fared? To know more, watch accompanying video of Prashant Mehra, Partner, Grant Thornton India for half-yearly report card.