Even as Tata Steel sheds off its European baggage, it is bidding aggressively for assets in India
JSW Steel, which was the favourite till the end of the race, was second placed with a bid of Rs 29,700 crore.
The insurance sector is ripe for consolidation and several deals are in the pipeline. HDFC's general insurance arm is looking at an acquisition.
Fortis said the proposed acquisition is aimed at consolidating the entire Indian portfolio.
More skeletons have stumbled on Friday, as Bloomberg reported that Singh brothers have taken USD 78 million out of the firm. The company said that Singh brothers are said to be working to pay back the money. The report also said audit firm Deloitte has refused to certify company’s Q2 results.
The Hindustan Petroleum Corporation (HPCL)-Oil and Natural Gas Corporation (ONGC) deal is through the final lap. In an interview to CNBC-TV18, MK Surana, CMD of HPCL spoke at length about deal.
Both companies will share responsibility for end-to-end development, manufacturing and global regulatory approvals for a number of products and will have a cost and profit share arrangement globally.
This is the opportunity that Vaidyanathan, an avid long distance runner, had been looking for to go the full hog as far as the banking sector is concerned
IDFC Bank will merge with Capital First at fixed share swap ratio of 139:10. In an interview with CNBC-TV18, Sanjiv Bhasin, Executive VP-Markets and Corporate Affairs at IIFL, Digant Haria, AVP Research at Antique Stock Broking and Kunal Shah, Associate Director of Edelweiss Financial Services shared their reading and outlook on the same.
Sources say that merger talks between IDFC Bank and Capital First may be in the final stages though both managements remain non-committal on the news.
The economic slowdown isn't helping matters as countries in Europe are increasingly pushing price caps, rebates and procurement of drugs through public tendering as policy prescriptions.
Securities Appellate Tribunal (SAT) quashes an Insurance Regulatory and Development Authority (IRDA) merger order between ICICI Prudential Life and Sahara Life.
Motherson Sumi Systems is on radar after its arm acquires 100 percent of MS Global India (MSGI) from Korea-based MS Group. In an interview to CNBC-TV18, Vivek Chaand Sehgal, Chairman of Motherson Sumi Group discussed the details of the deal.
News reports suggest that Oil and Natural Gas Corporation (ONGC) likely pay a big premium for Hindustan Petroleum Corporation (HPCL). In an interview to CNBC-TV18, Harshvardhan Dole, VP-Institutional Equities at IIFL shared his views and readings on the same.
On CNBC-TV18's special show Big Deal, watch Cyril Shroff, Managing Partner at Cyril Amarchand Mangaldas wrap up deal street action for 2017 and discuss cues for the year 2018.
In what could be considered a landmark year for the telecom sector in India, 2017 saw telcos consolidate like never before. By the end of the year, there were only three major players left in the market.
Prestige Estates Projects is in focus after the company acquired about 67 percent stake in Prestige Projects for Rs 324 crore. In an interview to CNBC-TV18, Irfan Razack, CMD of Prestige Estates spoke at length about the same and about relaxed investment norms for REITs.
In an interview to CNBC-TV18, Nitin Soni of Fitch Ratings shared his views and readings on Reliance Jio-Reliance Communications deal.
Coromandel International is set to acquire EID Parry's bio-pesticides and micronutrients business for Rs 338 crore. In an interview to CNBC-TV18, A Vellayan, CMD of Coromandel International spoke at length about the same.
Thyssenkrupp and Tata Steel will each own 50 percent of the venture and have committed to hold equal shares in the entity for the first six years.
The transaction provides access to pipeline of more than 110 product dossiers already submitted in addition to an important platform for Strides' ARV launch in the large, prive non-tender market in South Africa.
As per the agreement between the two telcos, Aditya Birla Group chairman Kumar Mangalam Birla will be the chairman of the merged entity, while the CFO will be a Vodafone nominee.
The shareholders were initially paid Rs 262.80 per share at the time of delisting which worked out to Rs 3,064 crore for the 11.66 crore shares.
CNBC-TV18 learns that the last date for submission of firm bids for Monnet Ispat, which is under the insolvency law, is set for today.
A special report by Grant Thornton suggests that deal activity has picked up pace in November this year. Majority merger and acquisition (M&A) and PE deals are seen in telecom and pharma sector.