Alok Ind to buy 60 pc stake in Czech co Mileta Alok Industries will acquire a 60-per-cent stake in the Czech Republic-based Mileta International (Mileta) at a cost of 13.96 million. The Indian company retains the option...
Alok Inds to pick up 60% stake in Czech co
Alok Inds to pick up 60% stake in Czech co Textiles company Alok Industries has signed a memorandum of understanding (MoU) with Mileta International of Czech Republic to acquire 60% stake for e13.97m. Alok has retained...
Arcelor-Mittal merger is a pleasant surprise: LN
Arcelor-Mittal merger is a pleasant surprise: LN Steel tycoon L N Mittal has said he is ‘pleasantly surprised’ at how complementary the 34.3 billion dollar merger of his company Mittal Steel with its nearest...
Alok Industries to buy 60% in Czech textile firm
Alok Industries to buy 60% in Czech textile firm Textiles maker Alok Industries Ltd. said on Tuesday it would buy a majority stake in Czech firm Mileta International to strengthen its apparel and home textiles business...
After skies, Goyal plans to rule roads
After skies, Goyal plans to rule roads Having captured a majority share of the Indian skies, Naresh Goyal now seems to have set his sights on the Indian roads. Goyal-promoted Jetair on Wednesday announced its entry into...
Bombay HC to hear UWB petition tomorrow
Bombay HC to hear UWB petition tomorrow The board of United Western Bank (UWB) has strongly objected to the Reserve Bank of India’s (RBI) proposal of handing over the troubled private sector bank to Industrial...
US VC majors pick up 33% in PayMate
US VC majors pick up 33% in PayMate Kleiner Perkins Caufield & Byers (KPCB) and Sherpalo Ventures, the US-based venture capital (VC) majors, are close to picking up about 33 per cent stake in Mumbai-based wireless...
UWB objects to merger with IDBI
UWB objects to merger with IDBI The board of United Western Bank (UWB) has strongly objected to Reserve Bank of India’s (RBI) proposal of handing over the troubled private sector bank to Industrial Development...
Volvo hikes Nissan Diesel stake by 33.5%
Volvo hikes Nissan Diesel stake by 33.5% Swedish truckmaker Volvo said on Monday it would pay 4bn crowns ($553m) to hike its stake in Nissan Diesel Motor Co by 33.5% to 46.5%, boosting its Asian business. Volvo, the...
LKB operations at a standstill as employees protest takeover
LKB operations at a standstill as employees protest takeover Kochi-based Lord Krishna Bank’s (LKB) crucial AGM to decide on its merger with Centurion Bank of Punjab (CBoP) will be held here on September 30. The...
Pharma action hots up: UCB acquires Schwarz for $5.6bn
Pharma action hots up: UCB acquires Schwarz for $5.6bn UCB, the Belgian maker of the allergy drug Zyrtec, agreed to buy Schwarz Pharma for E4.4bn ($5.6bn) in cash and stock to gain new medicines for Parkinson’s...
UWB takes on RBI at HC; hearing to continue today
UWB takes on RBI at HC; hearing to continue today The beleaguered United Western Bank (UWB) in its affidavit filed at the Bombay High Court on Wednesday vehemently opposed the RBI’s scheme of amalgamating UWB with...
