Ratan TATA‘s long-standing but unrealized dreams may finally be getting wings. Nearly six decades after the Indian government divested the TATA’s of their majority holding in Air India by nationalizing the airline, TATA...
UltraTech Acquires Gujarat Unit Of Jaypee Cement
UltraTech Cement, an Aditya Birla Group Company, has acquired the 4.8-million tonne per annum (mtpa) Gujarat unit of Jaypee Cement Corporation, for Rs 3,800 crore. As part of the deal, UltraTech will take over debt of...
My Home Acquires Jayajothi To Build “OWN HOME”
My Home Industries Limited (MHIL): MHIL is a joint venture between My Home Group and CRH Plc. CRH Plc which is having the presence in 33 countries across 3,500 locations. The products of MHIL with nomenclature MAHA...
Holcim Partial Exit—Innovative Structure
The cement industry is literally the building block of a nation. A country’s cement output is considered one of the primary indicators of its level of economic development. In a recent development Holcim, one of the...
Escorts – Excel Through Re-Engineering
While the agriculture sector may not be a major contributor to India’s GDP, India still ranks second worldwide in farm output. HP Nanda knew that the country which runs on agriculture can make his fortune by...
Strides Arcolab Ltd Has Completed sale of Agila Specialties
Drug firm Strides Arcolab Ltd has completed sale of its specialties division Agila Specialties Pvt Ltd to the US-based generic drug major Mylan Inc for up to $1.75 billion. However, the company has agreed to Mylan...
Amtek Grows From Strength To Strength
ALLIANCE INTEGRATED METALIKS LIMITED: The company started as a financing company in the name of “BS Holding and Credit Private limited” in the year 1989 based in New Delhi. In the year 1996 it was converted into a...
Parenteral Drugs Limited Looks For Growth Avenues
Parenteral Drugs (India) Limited has acquired Fresenius Kabi India Private Limited wholly to sell its only manufacturing unit at Goa owned by the subsidiary – Goa Formulations Limited (GFL) for Rs 200 crore...
SPLIT & LIST: THE WAY AHEAD FOR CONGLOMERATES?
In last September’s edition we covered a topic “Conglomerates – Corporate Dinosaur: On their Way to Extinction?” where we discussed various reasons for decreasing number of conglomerates, one of them being increasing...
Trakya Cam Acquires Stake In HNG National
Trakya Cam Sanayii A.S. which was founded by Şişecam in 1978 is the leading company of the flat glass market in Turkey and a pioneer in the region. Trakya Cam engaged in production of Architectural Glasses...
Crompton Greaves Diversifies Product Portfolio
CROMPTON GREAVES LIMITED, a company lead by the AVANTHA GROUP is a pioneering leader in the management and application of electrical energy, with the presence in over 10 countries. CG is active in the global power...
Conglomerates – Corporate Dinosaur: On their Way to Extinction?
Introduction: Reason for diversification Every company in its lifetime reaches a phase where the management is under dilemma as to whether they should go for diversification or launch new products in existing range in...