Videocon, Daewoo spar over NDA Videocon and Daewoo Electronics were squabbling on Wednesday, making allegations against each other of breach of a confidentiality agreement in regard to a deal under which the Indian...
Electrolux may be takeover target
Electrolux may be takeover target Bondholders are growing concerned that Electrolux AB, the world’s second-biggest maker of household appliances, may be a takeover target, according to traders betting on the...
HCs okay Balsara cos’ merger with Dabur
HCs okay Balsara cos’ merger with Dabur The High Courts of Delhi and Mumbai today approved the merger of the three Balsara companies with Dabur India Ltd. With the completion of this merger, Dabur India expects to...
Dabur completes merger of 3 Balsara cos
Dabur completes merger of 3 Balsara cos FMCG major Dabur India on Wednesday said it has completed the merger of three Balsara companies it had acquired last year with itself. The High Courts of Delhi and Mumbai have...
SABMiller to pay Rs 400 cr for 51% in Mohan Meakin
SABMiller to pay Rs 400 cr for 51% in Mohan Meakin South Africa’s $15.3-billion SABMiller Plc—the world’s largest brewer by volume and the most aggressive liquor company—will acquire a 51% stake...
Oracle to pay $531 mn for 20% in i-flex
Oracle to pay $531 mn for 20% in i-flex Oracle Corp today announced a 20 per cent open offer for shareholders of i-flex Solutions for $531 million (nearly Rs 2,496 crore), putting the valuation of the software...
Oracle open offer for i-flex from Nov 6
Oracle open offer for i-flex from Nov 6 Global software major Oracle’s open offer for 20 per cent stake in i-flex Solutions will open on November 6 and close on November 25. The open offer price is Rs 1,475 per...
TAFE pays Rs 40 cr for `Eicher’ brand name
TAFE pays Rs 40 cr for `Eicher’ brand name Tractors and Farm Equipment Ltd (TAFE) paid the Eicher group Rs 39.60 crore for the use of the `Eicher’ brand name. The amount was part of the consideration of Rs...
Marksans Pharma equity shareholders to approve Scheme of Amalgamation
Marksans Pharma equity shareholders to approve Scheme of Amalgamation Marksans Pharma Ltd has informed BSE that the pursuant to the order of High Court of Judicature at Bombay, a meeting of the Equity Shareholders of...
No logic in the merger: Patil
No logic in the merger: Patil Maharashtra Finance Minister Jayant Patil today expressed surprise over the Reserve Bank of India’s (RBI) decision to merge United Western Bank (UWB) with IDBI Bank. He said, “I...
Natco Pharma to spend $20-25 mn on US retail buys
Natco Pharma to spend $20-25 mn on US retail buys Natco Pharma Ltd will spend $20 million-$25 million to acquire drug retail chains in the United States and expects to close some deals by December, a senior company...
TAFE pays Rs 40 cr for `Eicher’ brand name
TAFE pays Rs 40 cr for `Eicher’ brand name Tractors and Farm Equipment Ltd (TAFE) paid the Eicher group Rs 39.60 crore for the use of the `Eicher’ brand name. The amount was part of the consideration of Rs...
