Axis Bank evaluating the acquisition route to scale up microfinance business
Axis Bank managing director and chief executive Amitabh Chaudhry said the bank has studied the market but has not found a perfect match yet. "We are evaluating opportunities all the time," he said, adding that the microfinance firms, which are doing well and can be a good fit, are mostly overvalued. "Nothing is on the cards at present."
Future Supply shares rise as CCI approves 22% stake acquisition by Nippon Express
The shares appreciated 5.98 per cent to Rs 529 on the NSE.
Singapore-based e-commerce platform Qoo10 acquires ShopClues in all-stock deal
The transaction is believed to have valued ShopClues at $70-$1...
Legrand India to scale up manufacturing, also open to acquisitions: CEO
Indian arm of electrical equipment maker aims to double revenue contribution to parent.
NTPC likely to issue green bonds to raise funds for THDCIL, NEEPCO acquisition
Proceeds from green bonds are used to finance clean and green infrastructure.
Defence Ministry approves procurement of military platforms and weapons worth Rs 22,800 crore
The decision to go for the capital procurement was taken at a meeting of the Defence Acquisition Council(DAC) headed by Defence Minister Rajnath Singh.
Coal project stutter: Damodar Valley Corp unhappy with West Bengal's land acquisition policy
According to the policy, a company has to buy land from owners through a market mechanism while the state government only acts as a facilitator in the process, DVC sources said.
HAL bids again for chopper project ‘reserved’ for private companies
Sources said as the shortlist is yet to be approved by the apex Defence Acquisition Committee (DAC), HAL has requested a reconsideration, stating that it is the most qualified company to build choppers given its history in the aviation sector. However, the HAL bid is likely to be strongly opposed by the navy that does not want any delays to impact the critical plan.
Completion of Essar Steel acquisition expected before the end of the year: ArcelorMittal
The acquistion will mark the entry of the world's largest steel company into India, which has emerged as the second biggest steel market in the world. Following its acquisition of Essar Steel, ArcelorMittal will be the fourth largest steel producer in the country which has set a target of achieving 300 million tonne in production.
Look forward to close Essar Steel acquisition soon: ArcelorMittal
The verdict came on a plea of the committee of creditors challenging NCLAT's order of July 4, in which it had approved steel tycoon Lakshmi Mittal-led ArcelorMittal's Rs 42,000-crore bid for the acquisition of Essar Steel after it rejected a plea by the lead shareholder of the debt-laden firm challenging the eligibility of the bidder.
India Inc's M&A deal value slips 45 pc to USD 1.5 bn in October: Report
According to Grant Thornton's latest M&A Dealtracker, there were 28 M&A deals worth USD 1.5 billion in October this year, while in the same period last year 47 such deals were announced worth USD 2.8 billion. While the overall M&A deal value and volume in October declined as compared to the year-ago period, on a month-on-month basis, there was an increase.
Ruchi Soya acquisition plans on track; loans secured: Patanjali
Refuting reports that Patanjali Ayurved was finding it tough to raise fresh loans of Rs 4,000 crore following a downgrade by a ratings agency, Patanjali Ayurved chief executive Acharya Balkrishna said the downgrade by CARE was based on factors which had no relation to corporate guarantee not being offered by Patanjali.
Coal Ministry not in favour of overseas acquisitions by CIL: Minister
The minister said last year India imported 235 million tonne of coal and the forex outflow was Rs 2.71 lakh crore. "As of now the thinking is, not to acquire assets and only to freeze the order in advance to get coal at a competitive price," Joshi told PTI on the sidelines of the 8th Asian Mining Congress and exhibition here.
RIL acquisition of Network 18 Media: Sebi says no open offer needed involving IMT
On November 23, 2011, IMT entered into a SUA with Raghav Bahl, five entities controlled by him and NW18.
NHAI to focus on land acquisition for new projects
NHAI has begun the process of prioritising projects based on their financial viability and this exercise is part of the same strategy
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