The Tata group neared completion of a deal with Taiwan’s Wistron Corp to take over its 2.2 million sq ft factory located just 50 km east of Bangalore for the manufacture of iPhones ... Read more
The Tata group neared completion of a deal with Taiwan’s Wistron Corp to take over its 2.2 million sq ft factory located just 50 km east of Bangalore for the manufacture of iPhones. If the acquisition goes through, Tata Electronics, the Tata arm driving the deal, will take over all of the plant’s eight iPhone lines, as well as its 10,000 workers in the process of becoming the first homegrown manufacturer of Apple’s phones. The acquisition could value the iPhone manufacturing operation of Wistron, one of three Taiwanese iPhone manufacturers in India along with Foxconn and Pegatron Corp, at more than $600 million, provided the Taiwanese company meets the government’s requirements to receive the expected incentives for the current financial year. Read more
The National Asset Reconstruction Co. Ltd (NARCL), a key constituent of India’s so-called bad bank, emerged as the top bidder with an offer of Rs 5,555 crore as net present value ( ... Read more
The National Asset Reconstruction Co. Ltd (NARCL), a key constituent of India’s so-called bad bank, emerged as the top bidder with an offer of Rs 5,555 crore as net present value (NPV), for the assets of Kolkata-based Srei Group. Read more
The recent resignations of senior executives like Nakul Tuteja, who joined just 10 months ago as vice president of human resources and administration, as well as H.R. Jagannath, vi ... Read more
The recent resignations of senior executives like Nakul Tuteja, who joined just 10 months ago as vice president of human resources and administration, as well as H.R. Jagannath, vice president of engineering, threaten to further derail the flight plans of Jet Airways. Read more
Just days after the Torrent Group emerged as the highest bidder in the first phase of the auction for acquiring the assets of debt-laden Reliance Capital, it was trumped by a highe ... Read more
Just days after the Torrent Group emerged as the highest bidder in the first phase of the auction for acquiring the assets of debt-laden Reliance Capital, it was trumped by a higher offer from the Hinduja group. Read more
Walt Disney Co. plans to sell its 29.8% stake in India’s largest satellite television operator Tata Play Ltd as it heads into an IPO for which it has filed a confidential offer doc ... Read more
Walt Disney Co. plans to sell its 29.8% stake in India’s largest satellite television operator Tata Play Ltd as it heads into an IPO for which it has filed a confidential offer document with the markets regulator. The Rs 2,500 crore IPO being managed by bankers Kotak Mahindra Capital, Citi, Morgan Stanley, IIFL, and Bank of America will also give an exit to another early investor, Baytree Investments (Mauritius), which acquired 10% of Tata Play in 2008. Read more
Vodafone Idea’s plan to sell Rs 1,600 crore worth of convertible bonds to ATC Telecom Infrastructure, which would, in turn, be used by the carrier to pay back some of the pending d ... Read more
Vodafone Idea’s plan to sell Rs 1,600 crore worth of convertible bonds to ATC Telecom Infrastructure, which would, in turn, be used by the carrier to pay back some of the pending dues to the tower operator, had to be aborted. Read more
With RRPR Holdings, a promoter vehicle, transferring 99.5% of its 29.18% holding in the media company to Vishvapradhan Commercial Pvt. Ltd (VCPL), a wholly owned subsidiary of Adan ... Read more
With RRPR Holdings, a promoter vehicle, transferring 99.5% of its 29.18% holding in the media company to Vishvapradhan Commercial Pvt. Ltd (VCPL), a wholly owned subsidiary of Adani Group, the takeover of New Delhi Television (NDTV is nearing completion. Read more
Jio Financial Services, Mukesh Ambani’s newest bet for the future, is getting a move on with its recently appointed chairman K.V. Kamath, bringing in Manish Singh, a former colleag ... Read more
Jio Financial Services, Mukesh Ambani’s newest bet for the future, is getting a move on with its recently appointed chairman K.V. Kamath, bringing in Manish Singh, a former colleague from ICICI Bank, to build a team for the business. Read more
The Adani group, which already runs eight airports across India, is evaluating a plan to pick up a stake in Bangalore International Airport Ltd (BIAL). Read more
The Adani group, which already runs eight airports across India, is evaluating a plan to pick up a stake in Bangalore International Airport Ltd (BIAL). Read more
As expected, Bombay Dyeing moved the Securities Appellate Tribunal (SAT) against a Securities and Exchange Board of India (Sebi) order barring the company and its promoters, Nusli ... Read more
As expected, Bombay Dyeing moved the Securities Appellate Tribunal (SAT) against a Securities and Exchange Board of India (Sebi) order barring the company and its promoters, Nusli N Wadia, Ness Wadia and Jehangir Wadia, from the securities markets for up to two years. Read more
