The City and Industrial Development Corporation of Maharashtra (CIDCO), is positive that more firms will participate in the bid for the development of its ambitious Navi Mumbai International Airport project, a senior development authority R
German pharmaceuticals and crop science major Bayer has yet again sweetened its offer to acquire US-based biotechnology firm Monsanto by over 2 per cent, taking the value to over USD 65 billion.
Embattled Sahara group today said there is a "devious attempt" to lower the price for its marquee hotels and disturb the sentiment of potential bidders, amid reports that a bidder has reduced the offer price for the properties.
Sajid Javid, business secretary, UK, wrote in a tweet that he met Tata management in Mumbai ahead of the board meeting to discuss the sales process, learns CNBC-TV18.
After 68 rounds of bidding spread over 10 days, the government on Thursday said it had concluded the spectrum auction. The government has mopped up more than Rs 61,000 crore, though the exact figure had not been arrived at yet, Telecom Secretary MF Farooqui told CNBC-TV18.
Unlike the previous two rounds, 2G spectrum has been bid for aggressively this time. What was different?
In November, US-listed Orient-Express, which owns the Hotel Cipriani in Venice and the '21' Club in New York, rejected a USD 1.2 billion unsolicited takeover offer from Indian Hotels as too cheap.
With the prospect of a full takeover off the table for now, Vodafone investors switched focus on Wednesday to whether the British group might sell its best performing asset, its USD 115 billion stake in Verizon Wireless.
It could be third time unlucky for Indian Hotels as rival Orient Express, which operates luxury hotels and trains has turned down its acquisition bid yet again.
Tata Teleservices, India's sixth-biggest carrier by customers, has withdrawn its application to bid for mobile airwaves in an upcoming auction, two sources with direct knowledge of the matter said on Monday.
Shares of Tata group owned Indian Hotels tumbled over 5% on Friday morning as investors questioned the luxury hotel operator's latest attempt to bid for US-listed Orient Express Hotels, which will cost over USD 1 billion.
Reliance Industries is likely to bid for mobile telephone spectrum in the upcoming auction to complement its wireless broadband services with voice call facility.
The ONGC offer for sale was completed today using the secondary market mechanism created by NSE and BSE. The final demand was for 42.04 crore shares against an offer of 42.77 crore shares.
After some hiccups and a late government intervention, the sale of government's 5% stake in ONGC through an auction finally managed to sail through with an estimated proceeds of about Rs 12,000 crore to partly meet the disinvestment target of current fiscal.
The lukewarm response to the ONGC share auction, (not to mention the drama in the last 15 minutes of bidding when the BSE revised the bid figure) is more a loss of face for the government, and should have the Department of Divestment seriously thinking on how to market its prized offerings better to international investors.
The auction for sale of government's 5% stake in ONGC today got bids for 29.22 crore shares worth about Rs 8,500 crore, but could fetch only about two-third of the targetted proceeds of over Rs 12,000 crore.
The Tamil Nadu government, as promised by current Chief Minister, J.Jayalalitha will give away as many as 906,000 units of these laptops to students in state-aided schools and colleges.
Power utility Adani Power may look at bidding for ultra mega and as well as coal-based power projects having a minimum generation capacity of 4,000 MW.
News Corp is expected to receive bids for Myspace by the end of this week, according to a person familiar with the matter.
EBay Inc plans to buy e-commerce company GSI Commerce for USD 1.96 billion in cash in a bid to draw more buyers and sellers to its online marketplaces.
Global miner Rio Tinto inched closer to gaining control of coal producer Riversdale Mining after a USD 3.9 billion sweetened bid rallied more shareholders to accept the offer but Riversdale's top shareholders Tata Steel and CSN still hold the key
Aditya Birla group is likely to bid for Australian coal miner Whitehaven Coal, the Business Standard newspaper reported on Monday, citing three unnamed sources with knowledge of the matter.
Air France-KLM, Europe's largest airline by revenue, and Atlanta-based Delta Air Lines are working together to examine a bid for Virgin Atlantic, the Sunday Times reported, citing no sources.
Athletics will lose out in the long term if Tottenham Hotspur fail in a bid to take over the London 2012 Olympic Stadium after the Games, the head of American entertainment giant AEG has warned.