AllianceBernstein L.P. and AllianceBernstein Holding L.P. (AB), a research and global investment firm, announced Thursday that it will acquire 100 percent of private alternatives investment manager CarVal Investors L.P. for an upfront purchase price of $750 million, and a multi-year earnout if certain targets are reached. The acquisition represents an […]

Cornerstone Building Brands, Inc. (CNR), the manufacturer of exterior building products , announced Monday that it has entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice or CD&R, in an all-cash transaction with an enterprise value of approximately $5.8 billion, including the assumption of […]

Chip giant Intel Corp. (INTC) announced Tuesday a definitive agreement to buy Israeli chip company Tower Semiconductor Ltd. (TSEM) for $53 per share in cash. The deal represents a total enterprise value of approximately $5.4 billion. In pre-market activity on Nasdaq, Tower shares were gaining around 45 percent to trade […]

The levy was struck down by a HC The government is engaged in a pitched legal battle in the Supreme Court against importers over its decision to levy Integrated Goods and Services Tax (IGST) on ocean freight on a reverse charge basis. With tax authorities reportedly raising fresh queries even […]

This is the largest ever foreign currency bond transaction in India, eclipsing ONGC Videsh Ltd’s $2.2 billion USD bonds issue of 2014. Reliance Industries Ltd, the nation’s most valuable company, on Thursday said it has raised USD 4 billion (around ₹30,000 crore) in debt through the largest ever foreign currency […]

Media major News Corporation (NWS, NWSA, NWSLV), Monday said it agreed to buy the Base Chemicals business from S&P Global and IHS Markit for $295 million in a cash transaction. The acquisition agreement was reached following the UK Competition and Markets Authority request that IHS Markit divest Base Chemicals as […]

Objective is to rein in prices of essential commodities The story so far: Securities & Exchange Board of India (SEBI) on Monday issued directions to stock exchanges in the commodity derivatives segment for immediately suspending trading in derivative contracts in key farm commodities, namely paddy (non-basmati), wheat, chana, mustard seeds […]

Grofers had started its quick commerce service with a 10-minute delivery promise a few months ago Online grocery delivery platform Grofers on December 13 said it is rebranding itself as ‘Blinkit’ to reflect its pivot to quick commerce. The Zomato and SoftBank-backed company had started its quick commerce service with […]

It is being rolled out on a pilot basis in Lucknow first, and will be expanded to other Indian cities soon Uber and WhatsApp on Thursday announced a partnership that will allow people in the country to book a ride via WhatsApp – a global-first initiative by the ride-hailing platform. […]

Will also look into other roles that the NaBFID could play for the government, “say the monetization pipeline” The National Bank for Financing Infrastructure and Development (NaBFID) is likely to begin its lending operations with about 190-200 big infrastructure projects in the railways, roads and energy sector, its newly appointed […]