Muthoot Finance to buy IDBI Bank’s MF business

Gold loan financier Muthoot Finance Ltd is in advanced stages of acquiring IDBI Asset Management Ltd, the mutual fund unit of Life Insurance Corp. of India (LIC)-owned private sector lender IDBI Bank Ltd, three people aware of the development said. “The deal is expected to close this week. Initially, the binding offers had come in from Muthoot Finance and Vikas […]

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Buy Cholamandalam Investment; target of Rs 1550: Axis Direct

Axis Direct’s research report on Cholamandalam Investment   CIFC posted a stellar Q3 with 53% YoY growth in PAT to Rs 2.5 bn (higher than our and consensus estimates). Strong earnings growth was backed by uptick in disbursements (up 55%/23% YoY/QoQ) and improvement in asset quality with ~80 bps QoQ decline in GNPA ratio to 3.7%. […]

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‘White knight’ Mukesh’s RJio to buy RCom’s wireless assets

Mukesh Ambani-led Reliance Jio Infocomm (RJio) has emerged as a white knight to acquire the wireless assets of debt-laden Reliance Communications (RCom), controlled by his younger sibling, Anil. While the companies did not divulge the financial details, banking sources pegged the deal at about ₹23,000 crore. BusinessLine was the first to report, on December 20, that RJio […]

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Google in talks to buy HTC’s smartphone business

HTC hasn’t been financially successful for awhile now and it seems it’s now fully in danger of being consumed by a bigger company. In this case the rumors point to Google as the interested party. Apparently talks are being held between Google and HTC about a possible acquisition of HTC’s smartphone business (leaving the Vive […]

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WE’RE AT CES, TOUCHING ALL THE GADGETS YOU’LL BUY THIS YEAR

Samsung’s CES press conference. Photo credit: Amy Lombard RUBY GOLDBERG01-04-2017 | 10:46:35 Samsung’s CES press conference. Photo credit: Amy Lombard RUBY GOLDBERG01-04-2017 | 10:45:32 I got to the Sony presser late, so I won’t be able to do much in the way of liveblogging. But the big announcement is the company’s first OLED set, and […]

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