Popular Articles

RIL: Fishing downstream
Reliance Industries, which had declared an intention to seek inorganic growth opportunities, confirmed a preliminary offer for a controlling interest in global petrochem major, LyondellBassel. The timing is prime for acquisitions in the space as there has been a steep decline in replacement cost and asset value given the plummeting of margins in the petrochemical space.

New act would fix independent directors' role: Khurshid
The government said today the role and responsibilities of independent directors on the boards of companies would be fixed as also the number of firms they could represent once the Companies Bill, 2009, became a law.

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Pyramid Saimira moves SAT
Chennai-based entertainment company Pyramid Saimira Theatre Limited (PSTL) has moved the Securities Appellate Tribunal (SAT) against market regulator Securities and Exchange Board of India (Sebi)’s order, which had banned the company in November 2009 from trading in the Indian securities market for seven years following irregularities in its initial pubic offering (IPO).
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Telecom M&A deal volume touches $49 bn: Dealogic

Merger and acquisition volume in the telecom space worldwide stood at $49.2 billion so far this year driven by the US-based Frontier Communications" $8.6 billion acquisition of Verizon Communications. As per global deal tracking firm Dealogic, global telecom volumes in 2009 stood at $49.2 billion through 410 deals. This, however, represent a 29 per cent decline from its year ago period. In the corresponding period in 2008, there were 549 telecom deals worth $69.8 billion.


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