IDBI Bank has cleared a proposal to merge Stock Holding Corporation of India (SHICL) with the bank.
Indian Oil Corporation (IOC) has become first Indian company to raise debt in Singapore dollar. It has raised $326
million through issue of bonds denominated in Singapore dollar.
Mahindra & Mahindra has launched Rexton SUV, its first product from its SsangYong stable. SsangYong is a South Korean car manufacturer which has been purchased by M&M.
Robert Iger-led Walt Disney has agreed to buy Lucasfilm and its “Star Wars” series in a $4 billion deal.