Govt sets up GoM to speed up merger of Air India, Indian In a move that takes Air India and Indian closer to the much-discussed mega merger in the Indian aviation sector, the government has set up a group of ministers...
Videocon may seal Daewoo buyout on Wednesday
Videocon may seal Daewoo buyout on Wednesday After weeks of protracted negotiations, Videocon Industries-led consortium is looks set to acquire South Korean appliances maker Daewoo Electronics for $700 million. Sources...
ClientLogic to acquire Sitel
ClientLogic to acquire Sitel ClientLogic Corp, a subsidiary of the $15-billion Canadian Onex Corp, is set to acquire Sitel Corp, a US-based business process outsourcing services provider with significant presence in...
Tata offers $7.6 bn for Corus
Tata offers $7.6 bn for Corus In the biggest overseas acquisition attempt by an Indian company, Tata Steel today said it was willing to offer $7.64 billion (around Rs 34,500 crore) in cash for buying Corus, the...
Tata Steel makes $8-bn cash offer to buy Corus
Tata Steel makes $8-bn cash offer to buy Corus Tata Steel took a giant step towards its global ambitions when it formally announced on Tuesday its move to acquire Corus — the world’s seventh-largest steel...
Tata Steel offers to buy Corus Group for $10 bn
Tata Steel offers to buy Corus Group for $10 bn In the boldest bid for a foreign company by an Indian group, Tata Steel, on Tuesday said it had made a “non-binding offer” to acquire 100% stake in UK-based...
After Mittal, it could be Tata’s turn to feel the Russian heat
After Mittal, it could be Tata’s turn to feel the Russian heat Tata Steel, which has offered to buyout Anglo-Dutch steelmaker Corus, could face competition from Russian firms including Severstal, whose counter bid...
GTL acquires UK-based Genesis Consultancy
GTL acquires UK-based Genesis Consultancy Telecom network services firm GTL Ltd has acquired Genesis Consultancy Ltd, a UK based network services provider for $9 million (over Rs 40 crore) in an all-cash buyout. Genesis...
Bharti-MTN deal is ‘well thought out’: Sunil Mittal
Telecom czar Sunil Mittal has said that Bharti Airtel’s proposed USD 23 billion transaction with South African telecom major MTN is a "well thought out" deal. The planned deal with MTN is expected to...
HCL Axon buys UCS’ Enterprise Solutions SAP practice for Rs 380 cr
HCL Axon, a division of HCL Technologies, which provides Business Transformation consultancy and services through the implementation and support of SAP technologies, has announced a strategic partnership with UCS Group...
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...
