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Tetley acquires 33% in S. African tea co The Tetley Group, a subsidiary of Tata Tea, has signed an agreement to acquire a 33 per cent stake in the South African tea company, Joekels Tea Packers. The cost of the deal has...

Mefcom Agro Industries – Acquisition of Stake in Hospital based at Agra Mefcom Agro Industries Ltd has informed BSE that the Company has acquired stake in M/s. Kamayani Patients (Care) India Ltd., a profit making...

Carlsberg blows India bugle with Himneel buy Carlsberg is set to party in India. The Danish brewer is entering an agreement to buy Khemkas-controlled Himneel Breweries for around Rs 35 crore, sources said. The deal, an...

Tata Tea buys stake in South African firm Tata Tea Ltd, the world’s second-largest branded tea maker, said on Thursday it had bought a 33 per cent stake in Joekels Tea Packers, a South African tea blending and...

Tatas to float $2 bn bond for Corus buy Tata steel would have to keep a war chest of $8-9 bn ready to fund the Corus takeover. Tata Steel may come up with a $2 billion bond offer to part-finance the acquisition of Anglo...

Tata Steel reviewing takeover options Tata Steel on Thursday said the company was reviewing various takeover options including that of British steel-maker, Corus Group Plc. "However, there can be no certainty that...

Cross border takeover: Tata Steel eyes Corus Everything that sparkles has to be steel. Tata Steel said on Thursday that it is examining large global acquisitions, including a possible bid for British steel giant Corus...

Tata Steel says may bid for Corus Tata Steel Ltd. said it is considering a takeover bid for Corus Group Plc, sending shares in the Anglo-Dutch steelmaker as much as 18 percent higher. The potential bid for Corus, which...

India offers Qatar stake in Petronet India and Qatar are likely to sign deals under which more liquefied natural gas (LNG) could flow in from that country, which would pick up stake in Petronet LNG Ltd. The possibility...

Sona Group to invest $10 m in N. America Auto components major Sona Group on Friday said it would make an initial investment of $10 million to set up a gear manufacturing facility in North America. "The investment...

CorpBank Homes merges with parent A press release by the bank said here on Thursday that the Karnataka High Court has approved the scheme of amalgamation and the same has become effective from October 4. Meanwhile...

Leg-up to bank mergers? S. Murlidharan The Income-Tax, Act, 1961 generally frowns upon trafficking in losses so much so that normally loss suffered by A cannot be carried forward, much less set off, by B. But Section...