Univision scraps IPO, leaving billionaires without exit plan

Univision scraps IPO, leaving billionaires without exit plan

Univision considered and rejected a $13 billion plus merger offer from Discovery Communications Inc. last year. Photo: iStockphoto New York: Univision Holdings Inc. scrapped plans for an initial public offering (IPO), leaving the company’s billionaire backers without an exit strategy 11...
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Union Cabinet Scraps Decades-Old Foreign Investment Regulator

Union Cabinet Scraps Decades-Old Foreign Investment Regulator

The cabinet today put its stamp on dissolution of the Foreign Investment Promotion Board (FIPB), bringing the curtains down on the two-decade old organisation empowered to recommend clearance for foreign direct investments up to Rs. 5,000 crores. While present...
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