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US regulator clears Nokia acquisition of Alcatel-Lucent

Last Updated: Monday, September 14, 2015, 21:27

Finnish telecom group Nokia announced Monday it has received all US regulatory approvals needed for its proposed acquisition of Alcatel-Lucent, taking a step closer towards creating the world's biggest supplier of mobile phone network equipment.

OVL reaps Rs 700-cr gain on Euro bonds issue

Last Updated: Sunday, September 6, 2015, 12:50

ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp (ONGC), has made a gain of about Rs 700 crore on a Euro loan it had raised to finance its Mozambique acquisition.

European Commission approves Shell's purchase of BG Group

Last Updated: Wednesday, September 2, 2015, 23:09

The European Commission gave its approval Wednesday of Royal Dutch Shell's planned acquisition of Britain's BG Group in a deal that must also be cleared by Australian and Chinese regulators.

Fairfax proposal to buy 26% in IIFL gets CCI nod

Last Updated: Monday, August 31, 2015, 21:20

Fair trade regulator CCI has cleared Canadian investment holding company Fairfax's proposed acquisition of 26 percent stake in IIFL Holdings.

IndiGo confirms largest global order of 250 Airbus planes for $250.5 bn

Last Updated: Monday, August 17, 2015, 14:02

The Gurgaon-based carrier IndiGo had last October signed a MoU to acquire 250 of the latest Airbus A-320 Neo aircraft worth over USD 25.5 billion or Rs 1.55 lakh crore.

ixigo acquires budget travel community Indian Backpacker

Last Updated: Friday, August 14, 2015, 13:01

As a part of the deal, Akshay Chhugani, founder and CEO of The Indian Backpacker will also be joining ixigo as head of traveller communities.

Dewan Housing takes 50% stake each in Pramerica AMCs

Last Updated: Tuesday, August 11, 2015, 15:16

Dewan Housing Finance Corporation (DHFL) on Tuesday said it has acquired 50 percent stake in Pramerica Asset Managers Private (PAMC) and Pramerica Trustees Private (PTC).

Drugmaker Shire bids $30 billion for Baxter spin-off Baxalta

Last Updated: Wednesday, August 5, 2015, 11:37

Drugmaker Shire said on Tuesday it was seeking to buy Baxalta , a company spun-off by Baxter International last month, for $30 billion to forge the leading global specialist in rare diseases.

ArcelorMittal expects India to be active on M&A in steel, mine

Last Updated: Tuesday, August 4, 2015, 16:02

Global steel giant AreclorMittal expects merger and acquisition (M&As) activity in the Indian steel and mining industry, though at a slower pace, even as the sectors are going through an economic downturn.

Land acquisition a difficult task in India: Panagariya

Last Updated: Saturday, August 1, 2015, 14:48

Terming land acquisition as one of the "difficult acts" in India, NITI Aayog Vice Chairman Arvind Panagariya on Saturday said it can easily take up to 5 years for acquiring land for a large project including building of cities.

Thomas Cook India acquires Sri Lanka-based Luxe Asia

Last Updated: Thursday, July 30, 2015, 17:24

Travel company Thomas Cook India has acquired Sri Lanka-based destination management firm, Luxe Asia, for an undisclosed sum.

AT&T's $48.5 billion DirecTV purchase gets final US okay

Last Updated: Saturday, July 25, 2015, 09:23

AT&T received final U.S. regulatory approval on Friday to buy DirecTV for $48.5 billion, combining the country`s No. 2 wireless carrier with the largest satellite-TV provider.