IT firm Tech Mahindra has extended the date for approaching the shareholders of Satyam Computer regarding its Rs 1,154-crore open offer for the purchase of a 20 per cent stake in the scam-hit firm, a move which comes...
HUL defers Capgemini stake sale by a year
Consumer goods major Hindustan Unilever (HUL), which had earlier planned to sell its 49% stake in its BPO unit to Capgemini SA by March 2009, now plans to do so only by March 2010. The maker of Lifebuoy soaps and Surf...
Take Solutions deal with Korean co
Chennai-based Take Solutions has struck a deal with IL-Yang Pharmaceutical Company of South Korea, under which Take will provide ‘investigational new drug submission services’ to the pharma company. The...
Bharti mum on MTN shareholder call to sweeten bid
India’s top mobile company, Bharti Airtel, kept mum on Wednesday on a call by a key shareholder of South Africa’s flagship MTN cellular group to improve its merger offer. MTN entered "exclusive...
Orissa Sponge – Disclosure of acquisition of equity shares of Orissa Sponge Iron & Steel Ltd by Bhushan Energy Ltd
Bhushan Energy Ltd has informed BSE that Bhushan Energy Ltd ("BEL") along with Mr. Brij Bhushan Singal, Mr. Neeraj Singal, BNS Steel Trading Pvt. Ltd, BBN Transportation Pvt. Ltd, BNR Infotech Pvt. Ltd, BNR...
Gujarat NRE eyes Rey Resources in hostile bid
In a bid to broad-base company activities and access new coal resources, Gujarat NRE Minerals (GNM), the Australian subsidiary of Gujarat NRE Coke, is aiming to acquire an Australian Securities Exchange (ASX)...
Mudra enters into a 51:49 JV with Portland Design
The economic slowdown is not deterring advertising agencies from venturing into new areas to expand their business. The Mudra group has entered into a 51:49 joint venture with London-based Portland Design to provide...
Matrix and Aspen complete divestment of Joint Ventures
Matrix Laboratories Ltd has informed BSE regarding a Press Release dated June 01, 2009 titled "Matrix and Aspen complete divestment of Joint Ventures"
NMDC Equity Shareholders & Unsecured Creditors approve Scheme of Amalgamation
NMDC Ltd has informed BSE that the Unsecured Creditors and Equity Shareholders of the Company at its meeting held on May 22, 2009 as per the Order of Hon’ble Ministry of Corporate Affairs (MCA), inter alia, have...
Nomura to buy 35 pc in LIC Mutual Fund: Report
Japan’s Nomura is set to take a 35 percent stake in LIC Mutual Fund, a newspaper reported on Wednesday, citing sources. The board of the mutual funds parent, state-owned Life Insurance Corp (LIC), has already...
Taro acquisition may cost Sun Pharma Rs 1,000 cr
Indian drug firm Sun Pharma may have to shell out up to Rs 1,000 crore this fiscal for acquiring Israel-based Taro Pharmaceuticals. "If we are able to get all the shares of Taro...
Molson Coors acquires Cobra Beer in JV deal
Cobra Beer, which has been facing mounting losses, has been bought over by UK’s Molson Coors, one of top brewers in the world by volume, in a joint venture deal with its NRI-founder Karan Bilimoria...
