Search Results for:PR Sanjai

Tata Steel UK to sell its long products business in Europe to Greybull Capital

Tata Steel UK Ltd has signed an agreement to sell its long products in Europe to family investment office, Greybull Capital.

India: Airtel to buy 4G spectrum from Aircel in 8 telecom Zones

Spectrum trading liberalization has finally spurred consolidation in India’s telecom sector, where as many as 11 operators are competing, driving down prices and profits, even as the high cost of spectrum is adding pressure on already stressed balance sheets.

Axis Bank takes over debt-laden Jaypee Group headquarters in Noida

Axis Bank has decided to take ownership of the asset in lieu of Rs700 crore owed by the company

Arun Bhatia to exit AirAsia India by selling stake to Tata Sons

The airline, which started operations in June 2014, is a three-way joint venture with Tata Sons, AirAsia and Bhatia’s Telestra Tradeplace Pvt. Ltd holding 41.06%, 49% and 9.94% respectively.

India: GoAir to decide IPO timing after delivery of 72 A320neos planes

Go Airlines (India) Ltd, which runs low-fare carrier GoAir, is waiting to hear from plane maker Airbus SAS on the delivery schedule of its fuel-efficient A320neo jets before deciding on the timing of a proposed share sale.

GoAir is expected to start taking delivery of its first A320neos by May and is expected to take delivery of at least 10 of the jets in the next financial year, according to two people aware of the situation, who spoke on condition of anonymity.

India: Siemens to sell healthcare business to German parent for $455m

This transaction follows parent Siemens AG’s global strategy of managing its healthcare business under a separate company.

India: Piramal Enterprises’ unit buys Adaptive Software in the US

Ajay Piramal-controlled Piramal Enterprises Ltd’s step-down wholly-owned subsidiary in the US, Decision Resources Group (DRG), has acquired 100% of Adaptive Software Llc for $24.5 million. The Adaptive acquisition offers DRG a direct entry into the healthcare payer ecosystem, which expands DRG’s addressable market opportunity. In its filing to stock exchanges,… Read more »

How Vijay Mallya inherited an empire and proceeded to lose it

The rapid unravelling of the Mallya empire has been well documented, but didn’t seem likely a few years ago. Until the downfall of Kingfisher, Mallya built an enviously successful conglomerate over more than two decades of canny deal-making. Advancing years, a momentous failure in the airlines business, a wilful defaulter status, allegations of financial irregularities may have forced Mallya to leave and lie low.

India: Vijay Mallya’s $75m United Spirits exit on SEBI’s radar

Sebi is examining the fine print of Vijay Mallya’s deal with Diageo and is also looking at trading patterns in United Spirits’ stock

India: United Spirits chairman Vijay Mallya steps down. Diageo to pay him $75m over five years

UK firm has greed to drop all charges of irregularities under Mallya’s watch. Male, who has been declared as declared wilful defaulter by some of India’s leading banks, has also agreed to a global (excluding United Kingdom) five-year non-compete arrangement with Diageo.