Walmart-Flipkart Deal: 10 Other Major Mergers You Should Know
- Vodafone and Idea Cellular in 2017 decided to merge their India operations in a $23 billion deal. The merger is yet to be completed which when done will be considered as the biggest M&A deal in India. (Also read:Â Walmart-Flipkart deal in detail)
- In August last year, Rosneft and its partners completed a $12.9 billion acquisition of Essar Oil to gain control over a 20 million tonnes a year oil refinery and over 3,500 petrol pumps. This is the largest FDI into the country till that date and also the largest outbound investment from Russia.Â
- UK's BP Plc in 2011 bought 30 per cent stake in 23 oil and gas blocks, including eastern offshore KG-D6, of Reliance Industries for $7.2 billion.Â
- Rosneft, the Netherlands-based Trafigura Group Pte -- one of the world's biggest commodity trading companies, and Russian investment fund United Capital Partners acquired Essar Oil for $12.9 billion in August 2017.Â
- The $9.73 billion merger between Analjit Singh-promoted Max Financial Services Ltd and mortgage lender Housing Development Finance Corporation created the largest private-sector life insurer in the country in 2016.Â
- UltraTech acquired cement business of Jaiprakash Associates for $2.4 billion in 2016.
- Nirma acquired Lafarge India for $1.4 billion in 2016.
- Vedanta acquired 58.5 per cent in Cairn India for a total consideration of $8.67 billion in 2011.Â
- Japanese drug maker Daiichi Sankyo paid up to $4.6 billion for control of Ranbaxy Laboratories Ltd in 2008.Â
- NTT DoCoMo Inc in 2008 agreed to pay $ 2.7 billion for a 26 per cent stake in Indian telecom firm Tata Teleservices, giving Japan's top mobile operator a foothold in the world's fastest-growing major mobile market. (With inputs from PTI)
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
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Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
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India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
