Deals

Amazon's Great Indian Sale: An Xbox One for Rs 23,990 and more; here are the best deals you can get

We have collected all the deals that you can benefit from during the ongoing Amazon Great India Sale 2017.

M&A deals hit 5-year high at $61.44 bn in 2016 against $23.71 bn a year before

The deal value in 2016 is not only a record five year high but is also 159 percent more than $23.71 billion witnessed from 995 deals in 2015

Cyrus Mistry quits Tata group company boards, but vows to fight on | Reuters

By Promit Mukherjee and Abhirup Roy | MUMBAI MUMBAI Tata Sons' [TATAS.UL] ousted chairman Cyrus Mistry in a surprise move late on Monday said he was resigning from the boards of all listed Tata companies, but he vowed to keep fighting to improve governance within the $100 billion software-to-salt conglomerate.In a letter to all shareholders, Mistry hinted that he plans to continue his battle against Tata Sons in court. And a source close to the matter, who declined to be named, confirmed that Mistry plans to file a lawsuit in coming days.Mistry has for weeks waged a war of words against Tata Sons and Tata family patriarch Ratan Tata, who is back at the helm of the conglomerate on an interim basis. Mistry has alleged that Tata and his long-time aide Noshir Soonawala, both trustees of Tata Trusts which owns a majority stake in Tata Sons, undermined group company boards by demanding a say in key internal matters years after they had retired

Murdoch denies pressuring UK prime ministers ahead of Sky submission | Reuters

LONDON Rupert Murdoch said on Monday he had never asked a British prime minister for anything, seeking to play down his influence ahead of what is likely to be a politically charged approval process for his $14.6 billion bid for pay-TV group Sky.The 85-year-old's Twenty-First Century Fox made a formal approach to take full control of the British-based Sky last week, reigniting a row over whether the media mogul controls too much of Britain's media and had too much sway over politicians.In a short letter to the Guardian newspaper on Monday, Murdoch rejected the suggestion that he had once said: "When I go into Downing Street, they do what I say; when I go to Brussels, they take no notice,"."There is much fake news published about me," he said.

Mistry quits Tata group director roles but vows to fight on | Reuters

By Promit Mukherjee | MUMBAI MUMBAI Former Tata Sons [TATAS.UL] chairman Cyrus Mistry bowed to pressure to quit from the boards of all Tata group companies on Monday, but promised to fight to improve the $100 billion salt-to-software conglomerate's governance.Mistry said he was resigning as a director from the boards of all Tata group listed firms, just ahead of extraordinary general meetings (EGMs) called by Tata Sons to oust him.His exit, which follows a bitter boardroom battle since late October when the directors of Tata Sons sacked him as chairman of the group, spares the Indian company a series of acrimonious shareholders meetings. Ratan Tata, patriarch of the Tata group, had been lobbying institutional and retail shareholders of each of the group companies to get them to vote for Mistry's removal.

Yahoo under scrutiny after latest hack, Verizon seeks new deal terms | Reuters

By Greg Roumeliotis and Jessica Toonkel | NEW YORK NEW YORK Yahoo Inc (YHOO.O) came under renewed scrutiny by federal investigators and lawmakers on Thursday after disclosing the largest known data breach in history, prompting Verizon Communications Inc (VZ.N) to demand better terms for its planned purchase of Yahoo's internet business.Shares of the Sunnyvale, California-based internet pioneer fell more than 6 percent after it announced the breach of data belonging to more than 1 billion users late on Wednesday, following another large hack reported in September.Verizon, which agreed to buy Yahoo's core internet business in July for $4.8 billion, is now trying to persuade Yahoo to amend the terms of the acquisition agreement to reflect the economic damage from the two hacks, according to people familiar with the matter.The U.S. No

Murdoch's Fox agrees $14.6 billion deal to buy Sky and bolster empire | Reuters

By Kate Holton and Paul Sandle | LONDON LONDON Rupert Murdoch's Twenty-First Century Fox (FOXA.O) has struck a $14.6 billion deal to buy European pay-TV firm Sky (SKYB.L) that consolidates a media empire across two continents and helps it take on rivals like Netflix in the battle for viewers. Fox, which announced a preliminary deal on Friday, said it would pay 10.75 pounds per share - or 11.6 billion pounds - for the 61 percent of Sky it does not already own to fully acquire its 22 million customers in Britain, Ireland, Italy, Germany and Austria.

Iran to work on nuclear-powered vessels after U.S. 'violation' of deal | Reuters

By Bozorgmehr Sharafedin and Shadia Nasralla | BEIRUT/VIENNA BEIRUT/VIENNA Iran ordered its scientists on Tuesday to start developing systems for nuclear-powered marine vessels in response to what it calls a U.S. violation of its landmark 2015 atomic deal with world powers.Nuclear experts said that President Hassan Rouhani's move, if carried out, would probably require Iran to enrich uranium to a fissile purity above the maximum level set in the nuclear deal to allay fears of Tehran building an atomic bomb.

Monsanto shareholders back Bayer deal, CEO hopeful of U.S. approval | Reuters

By Karl Plume | CHICAGO CHICAGO Shareholders of U.S. seeds and agrochemicals company Monsanto Co (MON.N) approved the company's $66 billion acquisition by Bayer AG (BAYGn.DE) on Tuesday, a deal that still requires regulatory approval to close as expected in late 2017.Increased research and development spending by the combined companies and plans to develop a global seeds and biotechnology hub in St. Louis fuel hopes regulators will not block the deal, which was agreed upon in September, Monsanto CEO Hugh Grant said."I think those augur well for the deal," he told Reuters in an interview.If the deal closes, it will create a company commanding more than a quarter of the combined world market for seeds and pesticides in the fast-consolidating farm supplies industry

Sumner Redstone and daughter pull CBS, Viacom merger plan | Reuters

By Jessica Toonkel and Greg Roumeliotis | NEW YORK NEW YORK Media mogul Sumner Redstone and his daughter Shari called off their failed effort to merge CBS Corp (CBS.N) and Viacom Inc (VIAB.O) on Monday, sending shares of Viacom - widely viewed as the weaker company - down more than 7 percent.The collapse of the merger, which never got beyond initial talks, raises questions about the future of both Redstone-controlled companies just as scale becomes more important in a media industry set to be reshaped by AT&T's (T.N) deal to buy Time Warner Inc (TWX.N). The end of negotiations was not a complete surprise. Les Moonves, the longtime chief executive of CBS, said last week talks were still stuck in the early stages, more than two months after the Redstones asked the boards of both companies to explore a tie-up.The two sides never entered talks on pricing and were far apart on Viacom's value, according to two sources familiar with the situation.Shares of Viacom were down 7.2 percent at $39.40 in afternoon trading.