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Vodafone Idea Board approves merger with Aditya Birla Telecom

Sep 18, 2018
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.

Vodafone-Idea merger completed; creating India’s largest telecom service provider

Sep 3, 2018
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.

Union Cabinet approves acquisition of IDBI Bank’s controlling stake by LIC

Aug 2, 2018
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.

Vodafone-Idea merger gets final Government approval

Jul 26, 2018
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.

LIC board approves acquisition of up to 51 per cent stake in IDBI Bank

Jul 16, 2018
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.

Sony to buy EMI Music Publishing in USD 1.9 billion deal

May 22, 2018
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.

Tata Steel subsidiary acquires 72% stake in Bhushan Steel

May 19, 2018
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.

DoT approves merger of Bharti Airtel and Telenor India

May 15, 2018
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.

Flipkart co-founder Sachin Bansal quits after Walmart deal

May 11, 2018
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.

Disney to acquire 21st Century Fox assets for USD 52.4 Billion in stock

Dec 15, 2017
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.

Meredith Corporation to acquire Time Inc. for USD 2.8 billion

Nov 28, 2017
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.

Michael Kors buys Jimmy Choo for USD 1.5 billion

Jul 26, 2017
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.

Eurofins Scientific to acquire Tata's Advinus Therapeutics

Jul 22, 2017
As per Tata Industries, Advinus’ expertise complements Eurofins contract research, development and manufacturing (CDMO) capabilities.

Google acquires Bengaluru-based startup Halli Labs

Jul 13, 2017
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.

Xiaomi to acquire key Nokia patents

Jul 5, 2017
The multi-year patent agreement includes a cross license to each company's cellular standard essential patents.

Myntra acqui-hired logistics start-up for an undisclosed amount

Apr 21, 2017
Fashion e-tailer Myntra has acquired a technology start-up to reduce its delivery time and smooth customer experience.

Aditya Birla Nuvo to be merged with Grasim Industries

Apr 12, 2017
Aditya Birla Nuvo Ltd and the Grasim Industries Ltd are the subsidiaries of the Aditya Birla Group.

Bharti Airtel acquires 4G business of Tikona Networks

Mar 24, 2017
Currently, Tikona has 20 MHz spectrum in the 2300 MHz band in Gujarat, Uttar Pradesh (East), Uttar Pradesh (West), Rajasthan and Himachal Pradesh circles.

Idea approves merger with Vodafone India

Mar 20, 2017
A statement said, Vodafone India's business barring its investments in Indus Towers will vest in the new entity, which will be renamed at a later stage.

ReNew Power Ventures sells 10% stake to JERA

Feb 15, 2017
The sell agreement between ReNew Power Ventures and JERA is expected to strengthen bilateral relation between India and Japan in the field of renewable energy sector.

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