Jewellery major Gitanjali group is in advanced talks to pick up a major stake in the Bangalore-based mobile retail chain, MobileNXT. Confirming this to BusinessLine, Mr Vijay Menon, Founder Director, MobileNXT, said...
L&T exits UltraTech
Larsen and Toubro (L&T) has offloaded its entire 11.49 per cent stake in UltraTech Cement for about Rs 1,037 crore and the fund will be used for the capital expenditure and investment in new initiatives. L&T has...
Sesa Goa buys Dempo Mining for Rs 1,750 cr
The Rs 5,000-crore iron ore mining major, Sesa Goa, has acquired another Goa-based iron ore mining company – Dempo Mining Corporation for Rs 1,750 crore. Dempo Mining, a wholly-owned subsidiary of V S Dempo...
Invesco Hong Kong reduces stake in Jain Irrigation
Foreign fund house Invesco Hong Kong has reduced its stake in agriculture conglomerate Jain Irrigation Systems to 4.02 per cent after selling shares worth Rs 4.73 crore through an open market transaction. The fund house...
Will not hike Satyam offer price: Tech Mahindra
In the face of surge in stock prices of Satyam to about Rs 81 a share on the eve of the open offer for beleaguered company, its new owner Tech Mahindra today said it will not hike the offer price. "Our agreement...
Sesa Goa to buy Dempo’s mining assets for Rs 1,750 cr
Sesa Goa, a Vedanta Group company, has agreed to acquire the mining assets of Dempo Group for Rs 1,750 crore in an all-cash deal. The assets include mining leases, rights and related infrastructure in Goa. Sesa Goa on...
&T makes Rs 1,037 cr by exiting UltraTech
Engineering and construction major Larsen and Toubro has made a little over Rs 1,000 crore profit through sale of its residual stake in UltraTech Cement. L&T on Thursday sold 14.3 million UltraTech shares...
Cosmo Films completes acquisition of US based GBC Commercial Print Finishing for US $ 17.1 million
Cosmo Films Ltd has informed BSE regarding a Press Release dated June 12, 2009, titled "Cosmo Films completes acquisition of US based GBC Commercial Print Finishing for US $ 17.1 million"
Sesa Goa acquires Dempo Group’s Goa Mining Assets
Sesa Goa Ltd has informed BSE that pursuant to the approval of Board of Directors of the Company at its meeting held on June 11, 2009, the Company has signed a definitive Share Purchase Agreement under which Sesa has...
RCom, Kribhco in joint venture
As part of its rural thrust, Reliance Communication has formed a joint venture with Krishak Bharti Cooperative Ltd (Kribhco) for offering value-added services to mobile users in villages. The joint venture, called...
NTT DoCoMo open to hiking stake in Tata Tele
Japanese mobile company NTT DoCoMo is open to picking up further stake in Tata Teleservices if it gets the right valuation. NTT DoCoMo recently picked up a 26 per cent stake in Tata Tele for about Rs 13,000 crore...
Pranab sees merit in bank consolidation for stability
The Finance Minister, Mr Pranab Mukherjee, has put his weight behind consolidation of banks, stating that this may be necessary to improve the state of competitiveness of Indian banks globally and also to reduce the...
