IA, A-I to shed 1,700 post-merger State-run carriers Air-India and Indian Airlines will offer a voluntary retirement scheme (VRS) aimed at reducing their staff strength by more than 1,700 employees. A-I has 15,700...
Bank of Maharashtra eyes acquisitions
Bank of Maharashtra eyes acquisitions State-owned Bank of Maharashtra (BoM) is eyeing acquisitions, preferably in the South or the North.The Pune-headquartered bank had put in an expression of interest recently to...
Birlas to pick up 49% in Intas Bio
Birlas to pick up 49% in Intas Bio The Aditya Birla group is likely to pick up 49 per cent stake in the biotechnology business of the Ahmedabad-based Intas Pharmaceuticals. The promoters are planning to divest a...
Dabur eyes M&As in personal, health, skincare segments
Dabur eyes M&As in personal, health, skincare segments Dabur India Ltd is planning major domestic and international mergers and acquisitions as part of its `Vision 2010′ plan, by acquiring brands of particular...
Godrej & Boyce weighs Sweden, Spain buys
Godrej & Boyce weighs Sweden, Spain buys Godrej & Boyce Manufacturing Co is eyeing acquisitions in Sweden and Spain and is also planning offices in China and the US by the year-end. “We have recently...
Carol Info Services announces buyback
Carol Info Services announces buyback Carol Info Services Ltd has announced its decision to buyback its fully paid-up equity shares of face value of Rs 10 each from its existing shareholders. The buyback will be done...
Godrej & Boyce eyes unit in Sweden, Spain
Godrej & Boyce eyes unit in Sweden, Spain Godrej & Boyce Manufacturing Company (GBMCL) is eyeing acquisitions in Sweden and Spain for its appliances division. GBMCL has earmarked nearly Rs 700 ($150m) crore for...
Kalyani to acquire 80% stake in SJK Steel’s Hyderabad plant
Kalyani to acquire 80% stake in SJK Steel’s Hyderabad plant Kalyani Steels (KSL), the Rs 754-crore speciality steel manufacturer in the Kalyani group, is set to take over the 2.5 lakh tonne steel...
Videocon advisors slam Daewoo claims over buy
Videocon advisors slam Daewoo claims over buy Videocon Industries’ legal advisors Mulla & Mulla have countered Daewoo Electronics’ claims that the Indian company will shift technology out of Korea as...
Capital Int’l picks up 2.7% in Mcleod
Capital Int’l picks up 2.7% in Mcleod Borelli Tea Holdings has sold 2.7% of its holding in Mcleod Russel India, the tea company in Brij Mohan Khaitan’s portfolio, to foreign institutional investor Capital...
Tatas shore up stakes in tea
Tatas shore up stakes in tea Tata Sons has decided to scale up its stake in Tata Tea, the group’s beverage company. This plan comes two months after the group’s promoter company announced its intention to...
Apollo Hospitals to divest stake in Lankan venture
Apollo Hospitals Enterprise Ltd has decided to divest its entire holding of 33 per cent in its Sri Lankan joint venture "by participating in the open offer made by Sri Lanka Insurance Corporation Ltd", the...
