Germany based Allmineral GmbH & Co. K.G; a global player in mineral beneficiation technology has entered into a joint venture agreement with Kolkata-based Jyotirmoyee International Pvt Ltd [JIPL] for setting up a...
BSNL mulling porposals for buying stake in an African operator
State-owned BSNL said it is considering proposals for acquiring a minority stake in an existing telecom operator in Africa. "We have received proposals. There are various opportunities which are being looked at...
Essar eyeing majority stake in Dhabi’s telecom biz in Africa
The Essar Group has initiated discussions to pick up majority stake in the African telecom assets of the Dhabi Group, an investment company led by members of the Abu Dhabi royal family. Through its subsidiary...
India Cements unit in deal to buy Indo Zinc
India Cements Ltd said on Monday its unit, ICL Financial Services Ltd, had signed a deal to acquire 39.84 per cent of Indo Zinc Ltd. India Cements currently has 13 per cent stake in Indo Zinc, it said in a statement to...
LIC hikes stake in Siemens up to 13%
Life Insurance Corporation of India has hiked its stake to 13.34 per cent in Siemens, a part of German conglomerate, after purchasing shares worth over Rs 213.25 crore, through an open market transaction. LIC has...
Renuka Sugars may pick up stake in NCDEX
Goldman Sachs Investment (Mauritius), the arm of the New York-based investment bank, and Atlanta-based Intercontinental Exchange Inc have approached the commodity market regulator, Forward Markets Commission (FMC), to...
India Cements arm buys 53% in Indo Zinc
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...
Big bro Tata shows the way for India Inc
Big bro Tata shows the way for India Inc The Tatas have over the years earned a reputation of integrity, goodwill and competence, and in one sweeping stroke on Friday they acquired a whole new class — one that is...
Tata Steel clinches Corus for Rs 36,500 cr
Tata Steel clinches Corus for Rs 36,500 cr In the biggest foreign takeover by an Indian company, Tata Steel and Corus Group on Friday reached an agreement on the acquisition of the European steel giant by the Indian...
Tatas take over UK’s Corus with $8 bn deal
Tatas take over UK’s Corus with $8 bn deal For India Inc, the fireworks started one day before Diwali, that too in the heart of central London. Thanks to Ratan Tata, whose global gameplan is only becoming clearer...
Tata to takeover Corus
Tata to takeover Corus TATA Steel Ltd agreed on Friday a 4.3 billion pound ($8.04 billion) takeover bid for Anglo-Dutch steelmaker Corus Group, extending a consolidation wave in the fragmented steel sector. Corus and...
