In a significant move, DuPont has entered the cotton business in India, by announcing the acquisition of the seed business of two companies. The global science company has through Pioneer Hi-Bred purchased the cotton...
Bharati Shipyard, ABG battle for Great Offshore
Bharati Shipyard’s bid to wrest control of Great Offshore Ltd took a new turn on Tuesday with ABG Shipyard, a rival company, making a counter offer to the shareholders of the Mumbai-based offshore service company...
Mahindra Satyam to merge with Tech Mahindra
Mahindra Satyam, the rechristened Satyam Computer Services, will merge with Tech Mahindra as part of an effort to promote greater synergies. “It is only logical as there are a lot of synergies between the two...
Reports of Addax bid, court verdict pull down Reliance
The stock of Reliance Industries Ltd (RIL) continued its downward movement on Monday following reports that the company was in the race for acquiring London-based oil and gas firm Addax Petroleum. Last week RIL shares...
Tenon buys Rotopower Projects
Facility management firm Tenon Property Services, a subsidiary of LSE-listed and Singapore-based Mortice Ltd, has acquired Delhi-based Rotopower Projects Pvt Ltd for a consideration of Rs 10 crore. The acquisition has...
NTPC buys 44.6% in TELK
NTPC Ltd said on Monday it was buying a 44.6 per cent stake in Transformers and Electricals Kerala Ltd (TELK), from the Kerala Government. The power producer said the stake was valued at Rs 31.34 crore ($6.4 million)...
Godrej sets up M&A cell, to focus on rural markets
The Godrej group has decided to set up a mergers and acquisitions (M&A) cell to explore opportunities in India and abroad. Mr Adi Godrej, Chairman, Godrej Group, said at a recent analysts meet, “We have great...
Satyam offer: Tech Mahindra gets US nod
Telecom solutions company Tech Mahindra said on Thursday that it has received approval from the US anti-trust authority regarding its Rs 1,154-crore open offer for the purchase of an additional 20 per cent stake in...
LIC seeks nod to raise stake in public sector banks beyond 10%
Life Insurance Corporation of India has sought the permission of the Insurance Regulatory and Development Authority for raising its stake in public sector banks beyond 10 per cent. Ever since the IRDA put a 10 per cent...
State Bank of Indore to be merged with SBI
Less than a fortnight after the Finance Minister, Mr Pranab Mukherjee, endorsed the consolidation process among State-owned commercial banks, State Bank of India (SBI) has set the ball rolling. The board of State Bank...
Govt looking at proposal to divest 10% in BHEL
The Government is considering the proposal to divest 10 per cent stake in Bharat Heavy Electricals Ltd, the Minister for Heavy Industries and Public Enterprises, Mr Vilasrao Deshmukh said on Friday in response to a...
Zandu’s FMCG business to be merged into Emami
In a three-way restructuring plan, Emami Ltd and its listed subsidiary, Zandu Pharmaceutical Works, have proposed to merge Zandu’s FMCG business into Emami, demerge Zandu’s other (non-FMCG) assets and...
