Monthly Current Affairs October 2016 “ACQUISITIONS & MERGERS” key points to Remember.
The Cabinet Committee on Economic Affairs on Wednesday gave its nod to the acquisition of 11 per
cent stake in Russia’s Vankor oil fields by ONGC Videsh Ltd(OVL) from Rosneft Oil Company for
$930 million, which will take its overall stake in the project to 26 per cent.
cent stake in Russia’s Vankor oil fields by ONGC Videsh Ltd(OVL) from Rosneft Oil Company for
$930 million, which will take its overall stake in the project to 26 per cent.
Homegrown online travel company MakeMyTrip announced to acquired rival Indiantravel
company Ibibo at an undisclosed amount to form the country’s biggest online travel company.
company Ibibo at an undisclosed amount to form the country’s biggest online travel company.
One of the largest startups Freshdesk has announced to acquire a social chat platformChatimity to
developed artificial intelligence (AI) and chatbot technology at an undisclosed amount.
developed artificial intelligence (AI) and chatbot technology at an undisclosed amount.
Wipro Ltd will spend $500 million to buy Appirio Inc., an Indianapolis, US-based cloud services
firm. Appirio helps companies move applications to hosted servers offered by Amazon, Google and
Salesforce.com.
firm. Appirio helps companies move applications to hosted servers offered by Amazon, Google and
Salesforce.com.
HCL Technologies announced to acquire Butler America Aerospace for USD 85 million to
strengthening its position in the aerospace and defence engineering services space.
strengthening its position in the aerospace and defence engineering services space.
Mahindra & Mahindra has acquired UK-based two-wheeler maker BSA Company for Rs 28 crore.
This acquisition will enable CLPL acquire/obtain license of brand and utilise the same for selling,
marketing, distributing motorcycles globally
This acquisition will enable CLPL acquire/obtain license of brand and utilise the same for selling,
marketing, distributing motorcycles globally
Telecommunications giant AT&T agreed to buy Time Warner for about $85.4 billionto expand
beyond its wireless and Internet service into programming.
beyond its wireless and Internet service into programming.
American technology giant, IBM has acquired home-grown Sanovi Technologies to support its cloud
offerings for an undisclosed sum. Bangalore based Sanovi provides hybrid cloud recovery, cloud
migration and business continuity software for enterprise data centers and cloud infrastructure.
offerings for an undisclosed sum. Bangalore based Sanovi provides hybrid cloud recovery, cloud
migration and business continuity software for enterprise data centers and cloud infrastructure.
The country’s largest pharma company Sun Pharma acquired 100 per cent equity in the US-based eye care specialist Ocular Technologies for a front payment of $40 million.