SAIL taking M&A route to raise value for stakeholders In line with the global trend of consolidation in the steel industry, the Steel Authority of India Ltd (SAIL) too is taking the route of merger and acquisitions...
Sun Pharma to demerge its ‘I&D wing’
Sun Pharma to demerge its ‘I&D wing’ Pharma major Sun Pharmaceutical Industries Ltd is all set to demerge its ‘Innovation and Development’ wing to float a separate company. "We will...
Godrej, Malaysian co sign MoU for palm plantation
Godrej, Malaysian co sign MoU for palm plantation For setting up a joint venture to promote oil palm plantation in India, a memorandum of understanding (MoU) was signed by Godrej Agrovet Ltd (GAVL) and IJM Plantations...
OVL-Sinopec seal $850 m buy
OVL-Sinopec seal $850 m buy ONGC Videsh Ltd (OVL) and a subsidiary of China’s Sinopec Group have acquired Omimex de Colombia, from the Texas-based Omimex Resources for an undisclosed amount in their first joint...
DCB stake to HDFC at face value
DCB stake to HDFC at face value Development Credit Bank promoter, Aga Khan Fund for Economic Development (AKFED), has sold nearly 1 per cent stake in the bank to Housing Development Finance Corporation (HDFC) and two...
Vijaya Bank eyes acquisitions
Vijaya Bank eyes acquisitions Vijaya Bank would, during the next fiscal, look at acquiring or consolidating with a mid-sized or smaller bank to catapult itself into the league of large banks, its Chairman and Managing...
Sasken Communication equity shareholders to approve Scheme of Amalgamation
Sasken Communication equity shareholders to approve Scheme of Amalgamation Sasken Communication Technologies Ltd has informed BSE that pursuant to the order made by the High Court of Karnataka at Bangalore, a meeting of...
DLF, Hilton to form hotel JV
DLF, Hilton to form hotel JV GURGAON-BASED DLF group and overseas giant Hilton have struck a deal to set up a chain of hotels across the country for an estimated investment of Rs 10,000-12,000 crore, people close to the...
Promoters to up stake in Jindal Stainless to 49%
Promoters to up stake in Jindal Stainless to 49% Ratan Jindal and Jindal Overseas Holding Ltd will increase their stake in Jindal Stainless Ltd by 8.39 per cent. This will hike the promoters’ holding in the...
Superhouse Leathers – Hon’ble High Court approves Scheme of Amalgamation
Superhouse Leathers – Hon’ble High Court approves Scheme of Amalgamation Superhouse Leathers Ltd has informed BSE that Hon’ble High Court of Judicature at Allahabad vide its order dated August 28...
IDBI spikes Spic, TAC merger move
IDBI spikes Spic, TAC merger move Lady luck seems to be playing truant with the AC Muthiah controlled Spic group of companies. Bearly six months after the group’s hopes to revive its jinxed petrochemical venture...
Visaka Industries equity shareholders to approve Scheme of Amalgamation
Visaka Industries equity shareholders to approve Scheme of Amalgamation Visaka Industries Ltd has informed BSE that the pursuant to the order of the High Court of Judicature at Hyderabad, Andhra Pradesh a meeting of the...
