RBI approves UWB-IDBI merger The Reserve Bank of India on Saturday approved the amalgamation of The United Western Bank with the Industrial Development Bank of India Ltd, with effect from October 3. A press release from...
UWB, IDBI merger cleared
UWB, IDBI merger cleared Finally, some good news for depositors of United Western Bank (UWB) and small businessmen doing business with the failed private bank, which will be merged with public sector bank, IDBI. On...
UWB officers support amalgamation with IDBI
UWB officers support amalgamation with IDBI The proposal to amalgamate the United Western Bank Ltd (UWB) with IDBI Bank has found support among the UWB officers who have asked the bank’s Board of Directors (BoD)...
Gujarat Heavy scouting for more acquisitions
Gujarat Heavy scouting for more acquisitions Encouraged by the successful acquisitions and turnarounds abroad, the Sanjay Dalmia-led Gujarat Heavy Chemicals Ltd (GHCL) is now planning to acquire more retail chains and...
Ranbaxy Russia buy talks fail
Ranbaxy Russia buy talks fail Ranbaxy Laboratories, the country’s largest pharmaceutical company by sales as well as market share, will have to wait longer to enter the $5 billion Russian pharmaceuticals market...
Granules looks to buy controlling stake in Chinese co
Granules looks to buy controlling stake in Chinese co Hyderabad-based pharma firm Granules India is close to finalising a Rs 180-200-crore deal with a Chinese pharmaceutical company. The mid-sized company is in talks...
Elder Pharma plans JV in Ghana
Elder Pharma plans JV in Ghana Betting big on the African market, Elder Pharmaceuticals is planning to set up a joint venture company in Ghana and expects to have footprints in about ten countries of the continent in...
Tata Power eyes Afro-Asian buyouts
Tata Power eyes Afro-Asian buyouts Tata Power, one of the leading private power players in the country, has drawn up plans to take its power footprints across the Afro-Asian region. The company, which has already...
Sonata buys 50% in German co for euro 18 mn
Sonata buys 50% in German co for euro 18 mn Bangalore-based IT company Sonata Software has acquired a majority stake in the German firm TUI Info Tec. Sonata has acquired 50.1% in the Hanover-based company for euro 18 m...
Tata Tea sells 4.5% in group company
Tata Tea sells 4.5% in group company Tata Tea Ltd today sold 4.5 per cent stake in another group company Tata Investment Corp to Tata Sons Ltd for about Rs 60 crore, aimed at part-funding its 677 million dollars (Rs...
Sical to buy Singapore firm
Sical to buy Singapore firm Sical Logistics announced that it would acquire Singapore-based Bergen Offshore Logistics Pte Ltd, a provider of specialised logistics for offshore oil and gas exploration, for a...
IDFC buys 33% in SSKI for Rs 100 cr
IDFC buys 33% in SSKI for Rs 100 cr Infrastructure Development Finance Company (IDFC) has acquired 33 per cent stake in SSKI Ltd, a leading corporate finance and institutional securities company, for Rs 100 crore. Rajiv...
