Siemens AG will pay about $1 billion to Spain’s Gamesa in a deal to merge of the companies’ wind energy businesses, Bloomberg reported, citing sources. Gamesa will receive cash as a special dividend from the...
McNally Bharat acquires German co
McNally Bharat Engineering Company Ltd has acquired the worldwide coal and minerals processing business and equipment manufacturing facility of KHD Humboldt Wedag, a German engineering company, for an undisclosed amount...
Defiance Tech scouting for buys
Defiance Tech, the Chennai-based engineering services company of the Hinduja Group, is set to establish an a centre in Bangalore. It is also on the lookout for acquisitions. The Bangalore centre would focus on aerospace...
Govt plans to sell 74% stake in HMT Bearings
The government is considering to offload up to 74% stake in HMT Bearings (HBL) and is also looking for joint venture partners in some other public sector enterprises (PSEs) in a bid to revive sick units. “The...
LIC hikes stake in Siemens up to 13%
Life Insurance Corporation of India has hiked its stake to 13.34 per cent in Siemens, a part of German conglomerate, after purchasing shares worth over Rs 213.25 crore, through an open market transaction. LIC has...
Tata associate to acquire MNC trailer manufacturer
TRF Ltd, an associate company of Tata Steel, has signed an agreement to acquire Dutch Lanka Trailer Manufacturers Ltd (DLT). In the first phase, TRF would acquire a 51 per cent stake for $8.67 million and also sign a...
Kirloskar Brothers Ltd is eyeing acquisitions in the US, the UK
Pump major Kirloskar Brothers Ltd is eyeing acquisitions in the US, the UK and the Far East, according to its Vice-President and Sector Head, Mr Pradeep Chapalgaonkar. The company has initiated talks with four-five...
Govt looking at proposal to divest 10% in BHEL
The Government is considering the proposal to divest 10 per cent stake in Bharat Heavy Electricals Ltd, the Minister for Heavy Industries and Public Enterprises, Mr Vilasrao Deshmukh said on Friday in response to a...
Steer acquires Chinese pipeline firm
Steer, a leading player in polymer processing machinery, has acquired Zheng Feng of China, a single screw pipeline manufacturer, to strengthen its position as a leading extruder designer and manufacturer. This...
Titagarh Wagons amalgamation ratio with Titagarh Steel: 1:36
Titagarh Wagons Ltd today announced that the exchange ratio for the amalgamation of Titagarh Steel with the company had been fixed at 1:36. The company informed the stock exchanges...
McNally Bharat to acquire engineering workshop in Germany
McNally Bharat Engineering Company (MBE), a joint venture between the Williamson Magor group and GP Birla group, will acquire an engineering workshop in Cologne, Germany and the CMT (coal and mineral technology)...
Magicut Tools Equity Shareholder approves Scheme of Amalgamation
Magicut Tools Ltd has informed BSE that pursuant to the order made by Hon’ble High Court of Judicature at Bombay, the equity shareholder of Magicut Tools Ltd the transferee Company at its meeting held on May 04...
