Mahindra Satyam, the rechristened Satyam Computer Services, will merge with Tech Mahindra as part of an effort to promote greater synergies. “It is only logical as there are a lot of synergies between the two...
Fight for Great Offshore could drain internal accrual
The race for acquiring a stake in offshore oilfield service provider Great Offshore Ltd (GOL) gained pace with ABG Shipyard making a counter offer early on Tuesday, and Bharati Shipyard announcing its intention of...
Great Offshore – Disclosure of acquisition of equity shares of Great Offshore Ltd by Dhanshree Properties Pvt Ltd
Dhanshree Properties Pvt Ltd has informed BSE that Natural Power Ventures Pvt. Ltd ("NPVPL" or the "Acquirer") along with Persons Acting in Concert viz, Bharati Shipyard Ltd (‘BSL’) and...
AVB group may unite Grasim and UltraTech
The Aditya Birla group, the country’s second largest cement maker, is looking at consolidating its cement business — currently being run by Grasim Industries and UltraTech Cement — following the exit...
Dhoot could join battle for Great Offshore
The battle for Great Offshore is likely become more intense now as Videocon Chairman Venugopal Dhoot has dropped hints that he could join the race for the integrated oilfield services provider. "I would not sell my...
No smooth sailing for Novartis, Pfizer open offers
It has not been a smooth sailing for multinational drug companies Novartis and Pfizer looking to hike stake in their Indian arms. Novartis’ open offer to hike equity in its local arm to 90 per cent did not meet...
Kirloskar Brothers Ltd is eyeing acquisitions in the US, the UK
Pump major Kirloskar Brothers Ltd is eyeing acquisitions in the US, the UK and the Far East, according to its Vice-President and Sector Head, Mr Pradeep Chapalgaonkar. The company has initiated talks with four-five...
DuPont acquires cotton seed biz of two companies
In a significant move, DuPont has entered the cotton business in India, by announcing the acquisition of the seed business of two companies. The global science company has through Pioneer Hi-Bred purchased the cotton...
Satyam renamed as Mahindra Satyam
After two days of deliberations on a road map for fraud-hit Satyam Computer Services at the firm’s ‘Leadership Meet’ that concluded here today, Tech Mahindra, the new owners, have given the IT company...
Xstrata in merger talks with rival Anglo
Mining group Xstrata has approached rival Anglo American about a merger that would create one of the world’s biggest mining companies, a report said on Sunday. Xstrata’s chief executive Mick Davis wrote to...
Bharti, RCom in race to buy Zain group’s Africa biz: Report
Leading Indian telecom players Bharti Airtel and Reliance Communications have joined the race to acquire the African business of Kuwait-based Zain Group, says a media report. "Two Indian telecom firms, Bharti and...
Reports of Addax bid, court verdict pull down Reliance
The stock of Reliance Industries Ltd (RIL) continued its downward movement on Monday following reports that the company was in the race for acquiring London-based oil and gas firm Addax Petroleum. Last week RIL shares...
