CBI has sought sanction to prosecute these officials who had “direct” involvement and allegedly tweaked the process to favour M/s AgustaWestland
The National Company Law Appellate Tribunal has referred the ongoing dispute between General Electric and Triveni Turbines over their joint venture back to the Bengaluru bench of the NCLT.
Dr Reddy's Laboratories sprung a surprise on Wednesday when it announced that it will acquire the domestic business of Wockhardt Pharma for Rs 1,850 crore
What assets it holds in the European country and which would be part of the deal were not specified.
Trump's remarks come days before Beijing's trade envoy is due in Washington to sign a "phase one" agreement, marking a pause in the two sides' nearly two-year trade war.
Wockhardt has a diversified product portfolio with presence in therapeutic segments such as cardiology, dermatology, diabetes, respiratory and ophthalmology. It is not clear which of these divisions will be sold.
CPPIB is in talks to buy out the entire stake held by Goldman Sachs, while Brookfield is eyeing the stake held by another existing investor ADIA (Abu Dhabi Investment Authority), a source told Moneycontrol.
Prime Minister Narendra Modi met Trump on the sidelines of the UN General Assembly session and discussed with him bilateral ties
Temasek is expected to roll over its Medanta shares for an extra pie in Manipal, where it would hold 30-35 percent after stake conversion.
Even with the volatility in the currency market, UPL remains an attractive pick given the steep correction in the stock in the past weeks
Bodhtree Consulting sees a smart move in trade today, up almost 10 percent. The company has tied up with IT major Infosys to provide GST solutions to clients.
The much awaited Max-HDFC Life deal has been delayed further. Watch Yash Jain of CNBC-TV18 giving more details.
Sobha Menon sold 4.15 percent stake in the company on April 7 through an open market sale
GMR Infrastructure is reportedly in the final stages of signing a deal with Paris-based ADP for selling about 40 percent stake in Delhi airport to raise roughly Rs 4,000 crore.
The RBI opined that the put clause agreement in the settlement is illegal and may lead to extra short-term gains for the Japanese partner.
Hinduja Group-controlled IndusInd Bank, which was exploring the option of acquiring a stake in Bharat Financials, and subsequently a merger, has called of the deal due to valuation concerns, say sources.
The acquisition of Lloyd Electric will be neutral on the earnings per share of Havells India's in FY18 and EPS-accretive thereafter, says Havells' CMD Anil Raj Gupta.
While analysts are comfortably placed with the deal‘s pricing, they have highlighted some challenges such as hit in EBITDA margins, lack of synergies, among others, for Havells that will emerge from this deal.
In one of the biggest deals in the Indian aviation sector, SpiceJet will purchase up to 205 new aircraft from Boeing with the order valued at Rs 1,50,000 crore.
Watch accompanying videos of The Winning Leap and understand the deal scenario in the country and what has made India an attractive destination for merger and acquisition (M&A) activity.
At a time when many sectors are in distress due to the demonetisation drive it is important to assess the deal environment. V Jayshankar of Kotak Investment Banking says, primary market pipeline has been strong and there will be pick-up from February onwards. Also, M&A pipeline continues to be strong.
Drug major Cipla today said Chase Pharmaceuticals Corporation, in which it has 16.7 per cent stake has been acquired by Ireland-headquartered Allergan plc.
British insurer Standard Life said on Monday that India's insurance watchdog had "expressed reservations" in accepting the current deal terms for the purchase by its Indian joint venture of Max Life Insurance.
Siemens agreed to buy US-based Mentor Graphics in a USD 4.5 billion cash deal that will further enhance the German engineering group's industrial software capabilities.