Mergers and acquisitions (M&A) involving Indian firms in 2009 so far have been the lowest in four years for comparable periods, touching just $7.4 billions, thanks to the global economic slowdown. M&A volume of...
Godrej Industries share buyback to begin on May 18
Godrej Industries today said its Rs 99 crore share buyback will begin on May 18. In a public announcements made to the shareholders of the company, Godrej Industries said it would buy back 57 lakh shares from the open...
Jindal Steel in talks with Aussie co for coking coal exploration JV
Naveen Jindal-led Jindal Steel & Power (JSPL) is in advanced talks with New South Wales-based mining firm Hudson Resources to form a joint venture for exploration and mining of coking coal in Australia, said a...
Will BNP Paribas takeover of Fortis impact here?
BNP Paribas’ takeover of Fortis Bank will have its echo in India, say sources in the know. BNP Paribas, the French bank, has a joint venture in India with Sundaram Finance of Chennai for an asset management...
PNB Housing Finance in talks to dilute 49% stake
PNB Housing Finance, the housing finance arm of state-owned Punjab National Bank, is learnt to be in talks with several investors for diluting 49% stake. Sources close to the development say GE Capital and Tata Capital...
Despite slowdown, M&A imp business strategy in steel
Despite the current slowdown in consolidation within the global steel industry, mergers and acquisitions (M&A) remain a critically important business strategy for companies, according to a new report , Getting back...
Panel backs M&A in telecom
A committee set up to resolve the controversy over allocation of airwaves or spectrum to telecom operators asked the government to modify its policies to allow consolidation in the industry, while opposing a three-year...
DLF to hive off wind power business
The country’s largest real estate developer, DLF, today said it will hive off wind power business, one of its non-core businesses, to a wholly-owned subsidiary. "The board of directors of the company at its...
Steel cos upbeat on M&As despite slowdown: Deloitte
Global steel companies are optimistic about making acquisitions over the next three years, even as the ongoing slowdown has impacted the pace of consolidation in the industry, a latest Deloitte survey says...
Why Fonterra chose to exit from dairy joint venture
Continuous losses, contract manufacturing weigh down prospects. “Only in cheese is the brand holding on with a 20 per cent-odd market share, compared with its main rival, Amul’s 65 per cent.” Harish...
SEBI wants Bharti to clarify on stake hike
The Securities and Exchange Board of India has sought clarifications from Bharti Group on whether the company has violated its norms by increasing promoter’s stake in Bharti Airtel from 60.91 per cent to 67...
Apollo Tyres offers to buy Dutch tyre maker
Delhi-based Apollo Tyres, the country’s second-largest tyre producer, has offered to acquire 100 per cent stake in Vredestein Banden B.V, a Netherland-headquartered premium tyre making for an undisclosed sum...
