Rashtriya Ispat Nigam Ltd (the Vizag steel plant) and the Manganese Ore India Ltd have formed a joint venture – RINMOIL Ferro-Alloys Pvt Ltd – to manufacture ferro-alloys, according a press release. The JV...
Carborundum Universal demerger
Carborundum Universal Ltd is considering a demerger of its joint venture in China. CUMI has informed the exchange that the company is exploring a demerger proposal of the joint venture in China, Jingri-CUMI Super Hard...
Kazakh field: OVL, Mittal can join hands
Decks have been cleared for ONGC Videsh Ltd, the overseas investment arm of ONGC, to partner with Mittal Investments for acquiring stake in Satpayev oilfield in Kazakhstan. The Cabinet Committee on Economic Affairs...
ABG Shipyard hikes stake in Great Offshore, raises open offer price
The bid to control Great offshore took a new turn on Wednesday after ABG Shipyard acquired over 19.26 lakh shares of Great Offshore in separate bulk deals on the BSE and NSE at Rs 450 a share. This has automatically...
ABG Shipyard increases stake in Great Offshore to 7.8%
ABG Shipyard has acquired another 2.12 lakh shares of Great Offshore through a bulk deal on the NSE at Rs 450 a share on Thursday, hiking its stake in the company to 7.8 per cent. On Wednesday, the company had acquired...
Zylog acquisition plan
The Chennai-based Zylog Systems Ltd plans to acquire two ‘target’ companies. One is a US-based company specialising in the development of advanced technology products and solutions to the US Federal, State...
Bharti, MTN likely to extend timeline for merger talks
Bharti Group and South Africa’s MTN Group are likely to extend the time period for discussing a possible merger. The two companies had earlier entered into an exclusive agreement to discuss synergies till July 31...
Zensar Tech plans stock buyback
The board of directors of Zensar Technologies has announced a stock buyback plan with a maximum price of Rs 165 a share and a minimum outlay of Rs 40 crore. . Dr Ganesh Natarajan, Vice-Chairman and Managing Director...
Abbott to buy Wockhardt’s nutrition biz for $130 m
Pharmaceutical and biotechnology major Wockhardt will sell its nutrition business to global healthcare company Abbott. While Wockhardt did not disclose the financial details, a Chicago Tribune report said the deal was...
Sanofi buys Merieux stake in Shantha
Sanofi Pasteur has bought the stake of Merieux Alliance in the Indian vaccine-maker Shantha Biotechnics to boost global vaccine development.. The transaction, set to close before the end of the third quarter, values...
Promoters of new telecom firms cannot sell stake for 3 years
After going back and forth, the Department of Telecom has finally decided to impose a three-year lock-in period on the equity stake held by promoters of new telecom companies. The DoT has notified amendments to the...
NFCL picks equity in Kakinada Fert
Nagarjuna Fertilizers & Chemicals Ltd (NFCL) has decided to acquire 50,000 equity shares of Rs 10 each amounting to Rs 5 crore in the equity share capital of Kakinada Fertilizers Ltd (KFL), a company involved in...
