In a bid to grow its outreach, Elder Healthcare, the FMCG wing of Elder Pharmaceuticals plans to expand its product portfolio in the oral care and personal care segment, with a special focus on the emerging male...
Oracle acquires Sun Microsystems for $7.4 b
Business software vendor Oracle Corp inched a bit closer to rivals IBM Corp and Hewlett Packard Corp in terms of providing integrated software and hardware solutions after it agreed to buy Sun Microsystems in a $7.4...
Wipro buys Nokia’s mobile TV unit
Wipro Technologies, the global IT arm of Wipro Ltd, has acquired the Mobile Broadcast Solutions unit of cellular handset maker Nokia for an undisclosed sum. The 40-employee enterprise mobile TV unit develops software...
Vectra Group forms joint venture with Kamaz
The joint venture between the Vectra Group and the Russian truck maker Kamaz Inc expects to get a 10 per cent share of the heavy duty truck market in India and plans to export at least 20 per cent of its production to...
Spice Mobile’s open offer to begin on June 11
Spice Mobiles said its promoter Spice Televentures’ Rs 16.27-crore open offer for a 20 per cent stake in the company will begin on June 11. Spice Televentures would acquire up to 1,49,27,600 shares at a price of...
Universal Cables, Japan’s Furukawa in joint venture for optical fibres
M P Birla Group’s Universal Cables has signed a joint venture agreement with Japan’s Furukawa Electric for manufacturing optical fibres in Goa. Mr D.R. Bansal, CEO of Universal Cables, told Business Line that the joint...
We got Satyam at walk-away price: Mahindra
It all began way back in 1986, with a not-so-princely sum of Rs 1 crore, when Keshub Mahindra set up Tech Mahindra jointly with BT to get into telephony business in Maharashtra. But the government turned down his plan...
Welspun Gujarat to de-merge its Plate-cum-Coil division into a 100% subsidiary
Welspun-Gujarat Stahl Rohren Ltd has informed BSE regarding a Press Release dated April 20, 2009 titled "Welspun Gujarat to de-merge its Plate-cum-Coil division into a 100% subsidiary"
Bajaj Fin, Allianz form asset management JV
Financial services firm Bajaj Finserv has entered into an asset management joint venture with Germany’s Allianz, the Indian firm said in a statement to the stock exchange.
GlaxoSmithKline buys US skincare firm Stiefel for $3.6 bn
British drugs firm GlaxoSmithKline (GSK) said Monday it will buy Stiefel Laboratories, US maker of anti-itching creams, acne treatments and other skincare products, for as much as $3.6 billion. The deal for Stiefel...
Wockhardt expects stake sale in hospital biz by May-end
Debt-ridden Wockhardt Group expects to seal a deal to sell a minority stake in its healthcare chain, Wockhardt Hospitals, by May-end. "The deal to sale minority stake, be it (with) a private equity player or a...
Bajaj Finserv forms asset management JV with Allianz
Rahul Bajaj-owned Bajaj Finserv has today signed a shareholders’ agreement with Munich-based Allianz Global Investors to foray into a jointly managed asset management company in India. Allianz Global...
