LGB exits textile biz with sale of mill The Coimbatore-based auto and industrial components manufacturer LG Balakrishnan & Bros (LGB) has sold its textile mill, which had been converted into a wholly owned...
Aptech EGM okays issue of 47 lakh convertible warrants
Aptech EGM okays issue of 47 lakh convertible warrants Aptech, which held an extra ordinary general meeting, approved issue of 47,62,500 warrants, convertible into an equal number of equity shares of Rs 10 each within...
Ford to buy ‘Rover’ from BMW
Ford to buy ‘Rover’ from BMW Ford Motor Co will exercise its right to buy the Rover brand name from German premium carmaker BMW, a spokesman for Ford’s Premier Automotive Group said on Monday...
Videocon exits Gayatri Proj mopping 5-fold returns
Videocon exits Gayatri Proj mopping 5-fold returns Videocon Group has made an exit from Hyderabad-based construction company, Gayatri Projects, with a five time return on its initial investment made in 1994. The 19 lakh...
‘Ford and GM talked merger’
‘Ford and GM talked merger’ Senior executives at General Motors Corp. and Ford Motor Co. have discussed a merger or alliance, industry newspaper Automotive News reported on Monday. Citing several sources...
Air India, Indian merger by March
Air India, Indian merger by March The proposed merger between Air India and Indian will be completed by March, civil aviation minister Praful Patel said on Tuesday. The ministry is likely to move a Cabinet note on the...
IGF to move regulators over UWB merger
IGF to move regulators over UWB merger The Investor Grievance Forum (IGF) will approach the Reserve Bank of India, Sebi and the finance ministry to demand an explanation as to why IDBI was picked to acquire United...
North Block for selloff in Hind Zinc
North Block for selloff in Hind Zinc To avoid a Balco-like situation, the finance ministry has mooted a proposal to sell the government’s remaining shares in Hindustan Zinc to the public. A Cabinet note to this...
Volvo looks at Asia, Europe for M&As
Volvo looks at Asia, Europe for M&As Sweden’s Volvo is most likely the next truckmaker to strike a deal, whether or not German rival MAN AG acquires Scania and supplants Volvo as Europe’s truck market...
Solkar Solar forms jt venture with Singapore co
Solkar Solar forms jt venture with Singapore co Solkar Solar Industry Ltd has entered into a 50:50 joint venture with Singapore-based Eco Solar Technologies Private Ltd. The venture will involve technology transfer from...
Murdoch may give up DirecTV stake
Murdoch may give up DirecTV stake Rupert Murdoch may give control of satellite broadcaster DirecTV Group to cable television pioneer John Malone in exchange for Malone’s $11bn stake in News Corp. Swapping News...
PMO queries merger of Indian, Air-India
PMO queries merger of Indian, Air-India The Prime Minister’s Office (PMO) has objections to the civil aviation ministry’s proposal to merge the two state-owned carriers, Indian Airlines and Air-India, into a...
