Mallya makes bid to take over Scottish distiller Indian liquor magnate Vijay Mallya has made a bid to take over Scottish distiller Whyte & Mackay, a senior official of the company said on Tuesday. Refuting reports...
Sage to buy out Indian partner
Sage to buy out Indian partner US SPECIALITY publisher Sage Publications is buying out its partner, Tejeshwar Singh’s 76% equity in Sage India. The $158-m publishing major is picking up the stake through its UK...
Tricom to acquire US-based service bureau
Tricom to acquire US-based service bureau As part of its ongoing expansion plans, Tricom India Ltd on Monday said it has completed due diligence and has signed Memorandum of Understanding (MoU) for acquiring a service...
Corus countdown for Tata Steel offer period begins
Corus countdown for Tata Steel offer period begins The London Stock Exchange has placed Corus Group Plc stock on the "bid situation" watch list. This is reckoned as a "special condition" and the...
Cosmos bank approves mergers
Cosmos bank approves mergers Pune-based Cosmos Co-operative Bank Ltd’s board has approved the merger of two banks, one each in Hyderabad and Gujarat, and is in the process of submitting its proposal to the Reserve...
Dubai acquires $1bn stake in StanChart
Dubai acquires $1bn stake in StanChart Dubai acquired a stake of around 2.7 per cent in Standard Chartered Plc for $1 billion, saying it was attracted to the London-based bank’s strong focus on Asia and strategy...
Google in talks to buy YouTube
Google in talks to buy YouTube Web search leader Google Inc is in talks to buy YouTube Inc, the world’s leading Web site for video entertainment, for close to $1.6 billion, the Wall Street Journal reported on...
Cosmos lead race to buy Suvarna Co-op
Cosmos lead race to buy Suvarna Co-op Cosmos Bank is the front runner to buy troubled Shree Suvarna Cooperative Bank. The bank, which was placed under a moratorium by the RBI, is now being run by an administrator...
Fortis to buy Guru Nanak Hospital for Rs 300 crore
Fortis to buy Guru Nanak Hospital for Rs 300 crore Ranbaxy Group-promoted Fortis Healthcare is close to acquiring Mumbai-based Guru Nanak Hospital & Research Centre for roughly Rs 200-300 crore. Fortis, currently...
Reckitt acquires Strepsils, Clearasil, Sweetex brands
Reckitt acquires Strepsils, Clearasil, Sweetex brands FMCG major Reckitt Benckiser (India) Ltd on Monday announced that it has acquired three brands in the healthcare segment — Strepsils, Clearasil and Sweetex...
IHCL to merge six subsidiaries
IHCL to merge six subsidiaries The Indian Hotel Company Ltd (IHCL), which owns the Taj brand of hotels, plans to merge six of its subsidiaries. The board of IHCL is meeting on October 12 to consider the proposal. Indian...
Vodafone buys Iinet’s New Zealand Ihug unit
Vodafone buys Iinet’s New Zealand Ihug unit Iinet Ltd., an Australian Internet service provider, said it sold its New Zealand unit Ihug to Vodafone Group for 36 million Australian dollar ($27 million). Perth-based...
