NEW DELHI: In an attempt to service its Rs 40,000-crore debt, engineering and cement manufacturer Jaiprakash Associates (JAL) has signed an agreement with Shree CementBSE -3.26 % to divest its stake in the 2.1-million...
Tracking Speedy Delivery TCI – TCI Express Demerger
The board of Transport Corporation of India (TCI) has approved the demerger of its Express Distribution division undertaking into wholly-owned subsidiary TCI Express Ltd. XPS (Express) Undertaking is engaged in the...
Tube Investments deal with Mitsui a boost
With market conditions for mergers and acquisitions getting tougher and sellers’ asking power for businesses gradually shrinking, the deal between Tube Investments and Mitsui Sumitomo Insurance, Japan, stands out and...
Warburg Pincus’ $75 million investment in Quest Global fetches three-fold return
MUMBAI: Global private equity fund Warburg Pincus is said to have earned more than three times its investment in engineering services company Quest Global after agreeing to sell the 25 per cent stake to Bain Capital and...
POWER MECH PROJECTS LIMITED- Getting Ready for IPO
Incorporated in 2007, the Company is a leading integrated power infrastructure services companies in India providing comprehensive erection, testing and commissioning of boilers, turbines and generators (“ETC-BTG”) and...
Japanese firm Takasago acquires 26% stake in Iclean
HYDERABAD: Japanese company Takasago Thermal Engineering (TTE) has acquired 26 per cent stake in city-based Iclean for an undisclosed sum. Iclean (Integrated Clean room Technologies Pvt. Ltd), a clean room engineering...
Mahindra to buy Italian car designer Pininfarina
Mahindra & Mahindra and Tech Mahindra agreed to buy Italian car designer Pininfarina SpA in a deal worth about euro 168 million ($185 million), underscoring the Indian vehicle maker’s international ambitions...
EPAM acquires Alliance Global Services for $50 mn
EPAM Systems Inc — a New York Stock Exchange-listed company that provides product development and software engineering solutions — has acquired US-based software product development services and test automation...
Zeal to Excel : Sameer Gehlaut
Sameer Gehlaut, the chairman of Indiabulls Group is a firm believer in taking the bull by the horns. After fighting several odds, the 40-year old entrepreneur has created a Rs 34,000-crore company (market...
India can partner with Czech Republic for high-quality steel’
NEW DELHI: Indian private firms and PSUs such as Tata SteelBSE 0.02 % and SAIL can forge partnership with the Czech Republic to manufacture high-quality CRGO/CRNGO steel mostly used in construction of power electrical...
Toshiba Corporation Acquires Majority Stake In UEM India
Japanese firm Toshiba, today announced that it has acquired additional 54% stake in UEM India, an international water services company, from the Founders and India Value Fund. The deal size have been remained...
Blue Star Acquires Stake In Oman Electro Mechanical Contracting
BSE listed Blue Star Ltd, today announced that it has acquired 51% stake in Oman Electro Mechanical Contracting Co LLC, for an undisclosed amount. The newly formed JV entity named Blue Star Oman Electro Mechanical...