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...
Takeaways from the Satyam saga
The Satyam scam saga may be, but the Hyderabad IT firm’s woes are not. There is still a lot of uncertainty around the restatement of accounts, legal liabilities, transition plans and surplus employees. The sale to...
Yash Birla to take ayurvedic wellness biz abroad
An overseas foray for its ayurvedic health and wellness centres is definitely on the radar for the Yash Birla group but this would be done only after consolidation of its domestic operations, a top group official said...
Bhushan’s Orissa Sponge open offer yet to get SEBI nod
Neeraj Singal-led Bhushan Group’s open offer for Bhubaneswar-based Orissa Sponge Iron and Steel has got delayed as market regulator SEBI is yet to approve the offer. SEBI is currently looking into investors’...
Pfizer may buy RFCL’s veterinary co for Rs 250 cr
GlobaL pharma giant Pfizer has emerged as the frontrunner to acquire RFCL’s animal health unit, Vetnex, in a deal estimated around Rs 250 crore, people familiar with the situation said. This follows the ICICI...
3i Infotech Ltd Enters Agreement to Acquire J.P. Morgan Treasury Services’ National Retail Lockbox Business
3i Infotech Ltd has informed BSE regarding a Press Release dated April 27, 2009 titled "3i Infotech Ltd Enters Agreement to Acquire J.P. Morgan Treasury Services’ National Retail Lockbox Business".
SE Investments – Updates on Scheme of Amalgamation
SE Investments Ltd has informed BSE that the Equity Shareholders and Creditors of the Company have approved the Scheme of Amalgamation of Unnati Financial Services Pvt. Ltd with the Company. In the Court convened...
Indiabulls Securities – Buy Back Offer
Enam Securities Pvt Ltd ("Manager to the Buyback") on behalf of Indiabulls Securities Ltd ("Target Company") has issued this Public Announcement ("PA") to the Equity Shareholders /...
Taneja Aerospace to float JV with Tidco
Bangalore-based Taneja Aerospace is to float a joint venture with the state-owned TIDCO to create a new facility at Hosur as part of expanding its interest in aerospace there. The TN agency is set to pick up a small...
Co to restructure garment biz
Aditya Birla Nuvo is restructuring its retail garment business as it looks at saving at least Rs 100 crore through a slew of cost-cutting measures, reports Pradeep Pandey in Mumbai. “We are taking several...
Britannia buys out Fonterra in dairy joint venture…
Britannia Industries, India’s largest processed food company, has signed an agreement with Fonterra Brands (Mauritius Holding) Ltd, Mauritius, for acquiring the latter’s 49 per cent equity and preference...
New Zealand’s Fonterra exits joint venture with Britannia
Investing in India’s consumer dairy market not a core priority at this time: Fonterra. Bangalore, April 28 Britannia Industries will acquire the entire stake of Fonterra, the company’s joint venture partner...
