• Vodafone Idea Board approves merger with Aditya Birla Telecom

    The amalgamation will give management control to Vodafone Idea to run businesses of the subsidiaries, strengthen its financial position and raise resources against the assets owned by ABTL such as investments in mutual funds, Indus Towers stake including monetisation of such assets.

    Sep 18, 2018
  • Vodafone-Idea merger completed; creating India’s largest telecom service provider

    The New Board of Directors comprises 12 Directors including six Independent Directors. Kumar Mangalam Birla is the Chairman.The Board appointed Balesh Sharma as the CEO of the Vodafone Idea Limited.

    Sep 3, 2018
  • Union Cabinet approves acquisition of IDBI Bank’s controlling stake by LIC

    The IDBI bank will get an opportunity to tap 11 lakh LIC agents for doorstep banking services, positioning it to improve customer services and deepen financial inclusion.

    Aug 2, 2018
  • Vodafone-Idea merger gets final Government approval

    The merged identity will be known as ‘Vodafone Idea’ that will create India's largest mobile-phone company. Kumar Mangalam Birla, Chairman of Aditya Birla Group, will be the Non-Executive Chairman of Vodafone Idea while Balesh Sharma, Chief Operating Officer of Vodafone India, will be the CEO.

    Jul 26, 2018
  • LIC board approves acquisition of up to 51 per cent stake in IDBI Bank

    The Life Insurance Corporation of India's (LIC's) board has approved acquiring up to 51 per cent stake in state-run IDBI Bank. Till end of June 2018, LIC owned about 8 per cent of IDBI Bank, while the federal government owned 86 per cent.

    Jul 16, 2018
  • Sony to buy EMI Music Publishing in USD 1.9 billion deal

    EMI is the second-largest music publishing company by revenue and holds the rights to 2.1 million pieces of music including classics by the likes of Queen, Sam Smith, Pharrell Williams and Drake.

    May 22, 2018
  • Tata Steel subsidiary acquires 72% stake in Bhushan Steel

    Tata Steel, through its wholly-owned subsidiary Bamnipal Steel Ltd (BNPL), has acquired 72.65 per cent controlling stake in Bhushan Steel Ltd (BSL) for around Rs 36,400 crore. The company was selected as the highest bidder in March 2018 to buy a controlling stake in Bhushan Steel, as part of bankruptcy proceedings.

    May 19, 2018
  • DoT approves merger of Bharti Airtel and Telenor India

    The merger will boost the 4G spectrum holdings of Sunil Mittal-led Bharti Airtel group, which has been competing against Mukesh Ambani-controlled Reliance Jio Infocomm.

    May 15, 2018
  • Flipkart co-founder Sachin Bansal quits after Walmart deal

    Flipkart co-founder Sachin Bansal has announced his exit from the company, hours after the news of American retailer Walmart acquiring Flipkart broke in the nation. Bansal’s decision comes after Walmart’s condition that it could accommodate only one of the Flipkart founders in the board.

    May 11, 2018
  • Disney to acquire 21st Century Fox assets for USD 52.4 Billion in stock

    Prior to the acquisition, Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company. Disney's Robert Iger will continue to serve as the Chairman and CEO of Disney through 2021.

    Dec 15, 2017
  • Meredith Corporation to acquire Time Inc. for USD 2.8 billion

    Meredith will pay USD 18.50 for per share of Time Inc. which totals at about USD 1.85 billion. However, Time Inc.'s debt will raise the total value of the deal to about USD 2.8 billion. Out of the total sum, billionaire brothers Charles and David Koch will contribute USD 650 million via their private-equity firm Koch Equity Development.

    Nov 28, 2017
  • Michael Kors buys Jimmy Choo for USD 1.5 billion

    Under the terms of the transaction, Jimmy Choo shareholders will receive 230 pence per share, with an enterprise value of approximately USD 1.350 billion.

    Jul 26, 2017
  • Eurofins Scientific to acquire Tata's Advinus Therapeutics

    As per Tata Industries, Advinus’ expertise complements Eurofins contract research, development and manufacturing (CDMO) capabilities.

    Jul 22, 2017
  • Google acquires Bengaluru-based startup Halli Labs

    Halli Labs becomes the latest AI start up to be acquired by a technology giant after a mass of similar acquisitions by firms such as Microsoft, Facebook, Apple.

    Jul 13, 2017
  • Xiaomi to acquire key Nokia patents

    The multi-year patent agreement includes a cross license to each company's cellular standard essential patents.

    Jul 5, 2017