Rivals look to Videocon’s revival of Daewoo Videocon’s competitors on the home turf were eager to see how the company would leverage its global manufacturing facilities to revive the Daewoo brand in India...
Modis, Guardian in buyout tussle
Modis, Guardian in buyout tussle This could become a path-breaking precedent for resolving controversies between Indian and foreign JV partners over the latter’s plans to set up new, wholly-owned ventures...
Indian Airlines to hive off cargo arm
Indian Airlines to hive off cargo arm Hive-off to take place after the merger between Indian Airlines and Air-India. The proposed cargo operations of state-run Indian Airlines will be hived off into a separate company...
Citigroup ups stake in Aztecsoft
Citigroup ups stake in Aztecsoft Citigroup Global Markets (Mauritius) Pvt Ltd has recently increased its stake in software firm Aztecsoft to 6.87 per cent from the earlier 2.42 per cent. Citigroup acquired about 19.62...
Videocon to buy Daewoo Elec
Videocon to buy Daewoo Elec Videocon Industries Ltd, with its consortium partner Belgium-based holding company RHJ International, has inked a deal to acquire Daewoo Electronics Corporation, Korea’s third largest...
LKB employees give nod to merger with CBoP
LKB employees give nod to merger with CBoP Concluding their month-long strike in Kerala, employees of the Lord Krishna Bank (LKB), on Wednesday gave their consent to the bank’s proposed merger with Centurion Bank...
Videocon to buy Daewoo Elec
Videocon to buy Daewoo Elec Creditors of South Korea’s Daewoo Electronics have signed an initial deal to sell the country’s third-largest electronics maker to a consortium led by Videocon Industries of...
Why TCS prefers ‘partner’ over ‘wife’
Why TCS prefers ‘partner’ over ‘wife’ IT companies are busy tweaking training programmes and HR policies even as they aggressively scout for newer destinations to mark their footprints. New...
No plans to buy Thai Nox for now: JSL
No plans to buy Thai Nox for now: JSL Jindal Stainless (JSL) today said it has no immediate plans to acquire Thailand-based company Thai Nox but admitted that the company is scouting for acquisitions in the overseas...
Hinduja TMT acquires multi-city BPO firm in US
Hinduja TMT acquires multi-city BPO firm in US Hinduja TMT Ltd (HTMT) has announced that it has signed an agreement for the acquisition of a US based BPO company, Affina for an undisclosed amount. Affina has annual...
Promina to buy Suncorp for $6 bn
Promina to buy Suncorp for $6 bn Australian insurer Promina Group agreed to a A$7.6-billion ($5.8 billion) takeover by banking and insurance group Suncorp-Metway that will create the country’s second-largest home...
‘Centurion-LKB merger not under Cos Act’
‘Centurion-LKB merger not under Cos Act’ A counter-affidavit filed in the Kerala High Court, by Mr B. Swaminathan, Managing Director, Lord Krishna Bank, pointed out that banking companies were controlled...
