Disney is making its much-publicised acquisition of 21st Century Fox official with the studio dropping the name “Fox” from the brand. In a historic deal last year, Disney bought 21st Century Fox assets for...
BAE Systems spends $2.2 bln on U.S. electronic systems units
British defence company BAE Systems said it was buying two businesses for $2.2 billion to help grow in Electronic Systems, picking up units which had become available as a result of the merger of U.S. rivals Raytheon...
CBS suspends CEO search, fuelling Viacom merger expectations
CBS Corp on Tuesday said it had suspended its search for a new chief executive and extended the role of its interim CEO Joseph Ianniello until the end of the year, renewing speculation the U.S. media company will seek...
Sainsbury-Asda Merger Competition Ruling Is Set for Thursday
The U.K.’s antitrust regulator will publish its final decision Thursday on J Sainsbury Plc’s 7.3 billion-pound ($9.4 billion) plan to buy Walmart Inc.’s Asda, after attaching harsher-than-expected conditions to the deal...
Tata Global to buy Dhunseri’s branded tea business
Tata Global Beverages (TGBL) is buying Dhunseri Tea & Industries’ branded packet tea business along with its brands ‘Lal Ghora’ and ‘Kala Ghora’ for a total consideration of Rs 101 crore. TGBL said in a stock...
Changes, challenges and interpretation of bankruptcy law
According to IBBI report, out of the 1,484 cases admitted for the CIRP, 586 have been closed till December 2018. Next month, it would be 3 years since Parliament enacted the bankruptcy law. There have been hits and...
Merger of telcos to ease competition, shift focus to quality: Report
The merger of two telecom giants – Vodafone and Idea Cellular — imply that the Indian mobile market will soon be paired down to four major national mobile operators. There are now hopes this will ease the fierce round...
NCLT consults Centre, bankruptcy board to resolve Jaypee Infra deadlock
In the matter between IDBI Bank and Jaypee Infratech, the National Company Law Tribunal’s (NCLT) New Delhi Bench has sought views from the government and Insolvency and Bankruptcy Board of India (IBBI) on ways to...
Essel Group in talks to sell road assets to CDPQ, Cube Highways
Roads platform Cube Highways and Infrastructure Pte. Ltd and Canada’s Caisse de dépôt et placement du Québec (CDPQ) are in talks to buy three toll roads from debt-laden Essel Group, three people aware of the matter...
Essar Steel CoC cannot discriminate between operational creditors, observes NCLAT
The National Company Law Appellate Tribunal (NCLAT) on Tuesday observed that the Committee of Creditors of Essar Steel cannot discriminate between operational creditors of the debt-ridden firm. The CoC of Essar Steel...
UK Climate Investments invests ₹275 crore in CleanMax Solar
CleanMax Solar, which provides renewable energy to companies, on Tuesday said that it has raised ₹275 crore in equity funding from UK Climate Investments LLP (UKCI). UKCI is a joint venture between the Green Investment...
CDC invests $40 million in BigBasket at unicorn valuation
CDC Group, the UK’s development finance institution, said on Tuesday that it has invested $40 million in homegrown grocery delivery firm BigBasket. The investment is part of a bigger round of $150 million that BigBasket...
