ICL Financial Services Ltd, a subsidiary of India Cements Ltd, has acquired a 53 per cent stake in Indo Zinc Ltd for about Rs 5.3 crore. According to the India Cements sources, Indo Zinc holds limestone mining leases in...
Avaya to buy Nortel’s enterprise segment
Avaya in India will benefit from the global move by Avaya Inc to acquire Nortel Networks Corporation’s enterprise solutions business for $475 million. The global deal was announced late on Monday from Toronto as...
HCL-Axon to buy SAP biz of S. Africa’s UCS group
HCL Axon, a division of HCL Technologies, on Friday announced the takeover of the SAP practice of South Africa-based UCS Group for a total consideration of up to $18.5 million over a two-year period. This includes an...
Glodyne to buy Broadllyne Tech
Infrastructure management services company Glodyne Technoserve has agreed to acquire Broadllyne Technologies, a provider of managed application services to the education sector. The acquisition broadens Glodyne’s...
Tata Steel Global acquires more shares in Riversdale Mining
Tata Steel Global Minerals Holdings Pte Ltd, an indirect wholly owned subsidiary of Tata Steel Ltd, on Thursday acquired additional shares of Riversdale Mining Ltd (RML), Australia, through market purchases, taking the...
Lanco Infra buys out German firm’s stake
Lanco Infratech Ltd through its subsidiary Lanco Amarkanatak has bought out a German lending agency’s stake in the 2×300 MW project for about Rs 48 crore. This is part of the share purchase agreement executed...
Daiichi open offer for Zenotech faces legal hurdle
The open offer by the Japanese drug maker Daiichi-Sankyo to acquire 20 per cent in Hyderabad-based Zenotech Laboratories Ltd (ZLL), scheduled to open today, has hit a legal hurdle. The Madurai Bench of the Madras High...
Jyothy Labs to exit venture with Ekta Kapoor
The Mumbai-based Jyothy Laboratories has decided to exit from the 50:50 joint venture company, Balaji Telebrands, by selling its stake in the venture. The company was forged in 2007 with Ms Ekta Kapoor to market and...
Vayana acquires SolutionNET
Vayana, a Chennai-based start up, has acquired SolutionNET, also a city-based company, which has over 25 banks as customers, for an undisclosed sum. Vayana, which started operations in January, has a team of experts...
Ashok Leyland, John Deere complete pact for venture
Ashok Leyland, the flagship of the Hinduja Group, and John Deere Construction & Forestry Company today announced the completion of all legal formalities for the formation of the joint venture company – Ashok...
State Bank of Indore merger on course
State Bank of India will go ahead with the merger of State Bank of Indore with itself in the next three to six months, once it receives the necessary approval. The boards of both SBI and State Bank of Indore have...
Disinvestment firmly back on Centre’s agenda
Disinvestment in central public sector undertakings (PSUs) is now firmly on the UPA Government’s agenda. The Finance Ministry has initiated discussions with other ministries and departments for identifying the...
