Steeling a deal: a calculated risk Long-term implications are positive, say analysts. But there are concerns on the dilution of earnings in the short-term AKASH JOSHI What does the Corus deal mean for Tata Steel? Being...
Jindal buys S.Africa Kiepersol coal mine
India’s Jindal Steel & Power, part of the Jindal Group, has bought the Kiepersol thermal coal mine in South Africa, industry sources said on Friday. The deal marked the first completed purchase of a coal mine...
Govt may divest in four mining units
The government is looking at four mining units under the administrative control of the steel ministry for stake sale. But a roadmap is yet to be drawn. The move is being considered to meet funds requirement, a top...
Allmineral GmbH of Germany sets up JV in India
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...
Sierra Atlantic buys UK firm Iterion
Sierra Atlantic buys UK firm Iterion IT services provider Sierra Atlantic with a significant presence in Hyderabad has announced the acquisition of UK-based Iterion, an independent consultancy with presence in Europe...
Tata -Corus: Tata Steel to buy Corus for $8.1bn
Tata -Corus: Tata Steel to buy Corus for $8.1bn Corus Group, largest steelmaker in the UK, today agreed to a friendly takeover bid by Tata Steel in a deal that values it at pound 4.3 billion (nearly $ 8.1 billion). Tata...
Tata-Corus: Muthuraman says topline target $32bn
Tata-Corus: Muthuraman says topline target $32bn B Muthuraman, managing director of Tata Steel, said in a press meet in London that the new, combined entity of Tata Steel-Corus would have a capacity of 40 million tonne...
Punj Lloyd stake
Punj Lloyd stake
Punj Lloyd Ltd on Thursday said it has acquired the balance 12 per cent stake in Sembawang Engineers & Constructors through its wholly owned subsidiary, Punj Lloyd Pte Ltd, for about Rs 14 crore.
Tata-Corus: Huge synergies in medium-term
Tata-Corus: Huge synergies in medium-term Tata Steel’s acquisition of UK-based Corus has once again brought into focus new markets and customers it would gain in an industry that is getting consolidated with a few...
TV 18 in talks to buy out Crisil wire service
TV 18 in talks to buy out Crisil wire service Television 18, owner of the business news channel CNBC, is in talks with rating agency Crisil to take over its news wire service Crisil MarketWire (CMW). This comes close on...
Tata-Corus: Deal among Top 5
Tata-Corus: Deal among Top 5 The $8 billion Tata Steel-Corus deal would be at No 5 among the top deals witnesssed by the steel industry over the last couple of years. The table is topped by the Arcelor-Mittal Steel deal...
EDS makes open offer to buy 20% more in MphasiS
EDS makes open offer to buy 20% more in MphasiS Electronic Data Systems Corporation (EDS) on Thursday made an open offer to shareholders of MphasiS BFL Ltd to acquire 20 per cent more stake in the company at Rs 204.5 a...
