Amendments in enhance business at GIFT City

The GIFT city, Gujarat International Finance Tech City is under construction. It is the first greenfield smart city in India. Today, the city is one of the major international IT and finance hubs. To boost its development, Finance Minister Smt ..



Hero Cycles acquires leading UK-based Avocet Sports

World’s largest bicycle manufacturer Hero Cycles acquired majority stake in UK-based Avocet Sports for an undisclosed amount. It is the first overseas acquisition of Hero Cycle with an aim to enter into high-end bicycle market in Europe. Manchester-based Avocet is among top ..


Mallinckrodt Pharma acquires Therakos for USD 1.3 billion from Gores Group

Mallinckrodt, a leader in biopharmaceutical has signed an agreement to buy a leading immunotherapy company Therakos Inc, from the global investment firm, Gores Group for approximately 1.325 billion US dollars. Significance of Therakos Acquisition: Therakos Inc is a US based global leader in ..


Russia’s Rosneft to acquire 49% stake in Essar Oil

The Russia’s state owned Oil Company Rosneft signed strategic agreement with Shashi Ruia’s Essar Oil to acquire its 49 per cent. The two companies have also agreed exploration and production of hydrocarbon in concurrence. As per the agreement Rosneft will ..


IndusInd Bank acquires RBS' bullion financing business for Rs 4,100 crore

IndusInd Bank has acquired the diamond and jewellery (bullion) financing business and related deposit portfolio of Royal Bank of Scotland (RBS) for 4,100 crore rupees on 28 July 2015. Britain’s largest public bank Royal Bank of Scotland (RBS) was in talks with IndusInd ..


Hero Motocorp to buy assets of bankrupt US Company

India’s largest two-wheeler manufacturer Hero Motocorp’s wholly owned subsidiaries in U.S is to buy certain tangible and intangible assets worth of USD 2.8 million of U.S based Erik Buell Racing (EBR). This purchase is a part of the settlement deal with ..