Steel pipe-maker Welspun Gujarat Stahl Rohren’s decision to de-merge its plate-cum-coil mill into a 100 per cent subsidiary may help improve the market valuation for the parent company. The market value of the...
Oracle acquires Sun Microsystems for $7.4 b
Business software vendor Oracle Corp inched a bit closer to rivals IBM Corp and Hewlett Packard Corp in terms of providing integrated software and hardware solutions after it agreed to buy Sun Microsystems in a $7.4...
Wipro buys Nokia’s mobile TV unit
Wipro Technologies, the global IT arm of Wipro Ltd, has acquired the Mobile Broadcast Solutions unit of cellular handset maker Nokia for an undisclosed sum. The 40-employee enterprise mobile TV unit develops software...
Vectra Group forms joint venture with Kamaz
The joint venture between the Vectra Group and the Russian truck maker Kamaz Inc expects to get a 10 per cent share of the heavy duty truck market in India and plans to export at least 20 per cent of its production to...
Spice Mobile’s open offer to begin on June 11
Spice Mobiles said its promoter Spice Televentures’ Rs 16.27-crore open offer for a 20 per cent stake in the company will begin on June 11. Spice Televentures would acquire up to 1,49,27,600 shares at a price of...
Universal Cables, Japan’s Furukawa in joint venture for optical fibres
M P Birla Group’s Universal Cables has signed a joint venture agreement with Japan’s Furukawa Electric for manufacturing optical fibres in Goa. Mr D.R. Bansal, CEO of Universal Cables, told Business Line that the joint...
Satyam buy may hasten BT’s exit from Tech Mahindra
Tech Mahindra’s acquisition of a controlling stake in Satyam Computer Services may speed up BT’s exit from the telecom solutions company, it is reliably learnt. The UK-based telecom company has been looking...
