Industry News

Stillfront Group AB: Stillfront: Stable Volumes, High Loyalty
Taste of success [Globes, Tel Aviv, Israel]
State Bank of India Ltd is holding talks with private equity funds to sell as much as 5% in SBI Life Insurance Co. Ltd, said three people aware of the development, including an SBI official. The names of the private equity funds the bank has approached could not be immediately ascertained. SBI Life is a joint venture between State Bank of India and BNP Paribas Cardiff."/>
State Bank of India may sell up to 5% in SBI Life [Mint, New Delhi]
Uco Bank on Thursday said it had concluded an agreement to sell 71.7 million shares to Life Insurance Corp. of India Ltd, the country's biggest insurer, on a preferential basis to add around Rs270 crore to its equity capital. LIC, the biggest shareholder in the lender after the Union government, historically held 14-14.5% in Uco Bank, a Kolkata-based public sector lender wallowing in losses for the past few quarters. The insurer's stake went down to 12% at the end of..."/>
Uco Bank to sell 72 million shares to LIC [Mint, New Delhi]
Bhushan Steel Ltd have decided to restructure the Rs45, 000 crore loans of the company under the Reserve Bank of India's latest norms, two bankers with direct knowledge of the development said. State Bank of India and Punjab National Bank lead the lenders who will implement the scheme for sustainable structuring of stressed assets at the steel firm, which owes nearly Rs45, 000 crore. If the restructuring goes through, Bhushan will become the largest..."/>
Bhushan Steel lenders to restructure loans [Mint, New Delhi]
Brookfield Asset Management Inc. is set to acquire office and retail assets of Hiranandani Developers Pvt. Ltd in the Mumbai suburb of Powai at a valuation of close to $1 billion--one of the largest commercial real estate deals in recent years. A spokesperson for Hiranandani Developers confirmed that the deal has been signed but said the transaction would still take about four to six months."/>
Brookfield set to buy Hiranandani assets for $1 billion [Mint, New Delhi]
Orient Cement Ltd, part of the CK Birla Group, said on Thursday it had agreed to purchase a pair of cement businesses from Jaypee Group for an enterprise value of Rs1, 950 crore, as it seeks to expand to new markets. Orient will buy a 74% stake in Bhilai Jaypee Cement Ltd, with a capacity of 2.2 million tonnes per annum, from Jaiprakash Associates Ltd at an enterprise value of Rs1, 450 crore. BJCL has an equity value of Rs850 crore excluding debt of Rs600 crore, said Deepak..."/>
Orient Cement to buy two cement assets from Jaypee Group for Rs1,950 crore [Mint, New Delhi]
Point Capital and senior..."/>
Everstone, Sunrise BPO to buy CRM solutions provider C3 for $150 million [Mint, New Delhi]
Yes Bank Ltd and its investment bankers over its abortive $1 billion fund-raising effort last month, according to two people with direct knowledge of the development. Initial investigations by the Securities and Exchange Board of India found that Yes Bank had violated key norms of the listing obligations and disclosure rules relating to..."/>
Sebi's initial probe finds Yes Bank violated norms on QIP [Mint, New Delhi]
ServisFirst Bancshares is quickly moving up in the Alabama market, according to a new report from the Federal Deposit Insurance Corp.. Rocket Hatch is gearing up for its next round of CO.STARTERS, a program that helps aspiring entrepreneurs put their ideas into action."/>
ServisFirst growth, Wooden Goat closure, Planet Fitness top business news [Alabama Media Group, Birmingham]
NATIONAL STORAGE AFFILIATES TRUST JV CLOSES USD 630 M ISTORAGE PORTFOLIO US-based self-storage REIT National Storage Affiliates Trust's joint venture with a major state pension fund completed the acquisition of the iStorage portfolio for an aggregate purchase price of approximately USD 630 m, the company said. The portfolio consists of 66 properties containing approximately 4.5 m rentable..."/>
M and A Navigator: Deal pipeline –7 October

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Most Popular Sectors in the News
Sectors Articles in the last 7 days
Information Technology1,049 Articles
Consumer Discretionary859 Articles
Financials786 Articles
Health Care667 Articles
Industrials604 Articles

Sponsored Financial Commentaries

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact , please visit . Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at