Welspun Gujarat to form JV with TMK of Russia MR BRAJA MISHRA (right), Chief executive Officer, Welspun Gujarat Stahl Rohren Ltd, and Mr B.K. Goenka, Vice-Chairman & MD, at a press conference in Mumbai on Wednesday...
Volkswagen picks up 15.1% stake in MAN
Volkswagen picks up 15.1% stake in MAN Volkswagen bought a 15.1% stake in MAN, turning the tables on Europe’s third-largest truckmaker and blocking its attempted takeover of Swedish rival Scania. The e1.47bn ($1...
Toshiba to buy 77% equity in Westinghouse for $4.2 billion
Toshiba to buy 77% equity in Westinghouse for $4.2 billion Japan’s Toshiba Corp said on Wednesday it would take a 77% stake in Westinghouse, British Nuclear Fuels’ US power plant unit, for $4.16 billion...
Auto cos, ICICI Venture eye Italy’s Lombardini
Auto cos, ICICI Venture eye Italy’s Lombardini This is tipped to be the biggest ever overseas buyout in the Indian auto component industry. Two Indian companies and one private equity firm are making a bid to...
Corporation Bank – Merger of Corp Bank Homes
Corporation Bank – Merger of Corp Bank Homes Corporation Bank has informed BSE that the Scheme of Amalgamation of Corpbank Homes Ltd with the Bank has been approved by Honourable High Court of Karnataka vide its...
GSFC forms phosphoric acid JV in Tunisia
GSFC forms phosphoric acid JV in Tunisia Gujarat State Fertilizers & Chemicals Ltd said on Thursday it had set up a joint venture in Tunisia with local firms Groupe Chimique Tunisien and Compagnie des Phosphates de...
Kirloskar Bros eyeing buys; sets aside Rs 250-300 cr
Kirloskar Bros eyeing buys; sets aside Rs 250-300 cr With already two acquisitions in its kitty, the Rs 900-crore Pune-based Kirloskar Brothers Ltd, player in the pump manufacturing segment, is eyeing acquisitions in...
Wockhardt acquires Pinewood for Rs 686 cr
Wockhardt acquires Pinewood for Rs 686 cr Pharma major Wockhardt Ltd on Tuesday announced the acquisition of a branded generic pharmaceutical company in Ireland Pinewood Laboratories Ltd in all cash deal worth over Rs...
Shriram Overseas – Hon’ble High Court, Madras sanctions Scheme of Amalgamation
Shriram Overseas – Hon’ble High Court, Madras sanctions Scheme of Amalgamation Shriram Overseas Finance Ltd has informed BSE that the Hon’ble High Court of Judicature at Madras by its order dated July...
Nod for Pantaloon’s joint venture
Nod for Pantaloon’s joint venture The board of Pantaloon Retail on Tuesday approved a proposal to form a 50:50 joint venture with the UK-based Alpha Airports Group Plc for developing travel retail and catering...
Tata Tea takes 33% in S African firm
Tata Tea takes 33% in S African firm The Tetley Group, a Tata Tea subsidiary, has signed an agreement to acquire 33 per cent in South African Joekels Tea Packers. According to the deal, Joekels will have the licence to...
J&K Bank seeks RBI nod for FII stake hike
J&K Bank seeks RBI nod for FII stake hike Jammu & Kashmir Bank has applied to the Reserve Bank of India to increase the limit of foreign institutional investors in the bank to 40 per cent from 33 per cent. This...
