China’s $200 bn sovereign wealth fund, which made big paper losses on stakes in Morgan Stanley and Blackstone, is set to invest up to $2 bn in U.S. mortgages as it eyes a property market recovery, two people with...
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Religare open to acquisition to become global leader
Religare Enterprises is exploring opportunities to become a global leader in the financial services market. "As a group we are constantly on the lookout for opportunities in line with...
Provogue India to buy back shares worth Rs 50 cr
Garments maker Provogue India today said it will buy back shares worth Rs 50 crore from its shareholders through open market route. "The directors have approved to repurchase 50 lakh...
Godrej eyes Sara Lee’s foreign biz
Godrej Consumer Products, India’s second-biggest soap maker, may acquire some of Sara Lee Corp’s international businesses, including the US company’s stake in its Indian joint venture. Godrej Consumer...
Dabur eyes acquisitions in Africa; can spend Rs 1,000 cr on it
Dabur India is looking at aquisitions, especially in sub-Saharan Africa, this fiscal and is ready to spend up to Rs 1,000 crore on that, with some borrowings. "Its hard to put a date and number on it… I...
Jaiprakash Power to merge with Jaypee Hydro
Jaiprakash Power Venture (JPVL), the power vehicle of Jaypee Group, will merge with Jaypee Hydro in the next four to five months, a top company official said today. "The merger is expected in the next four to five...
MphasiS acquires AIG’s IT arm in India
MphasiS, a Bangalore-based software services exporter, has announced that it has reached a definitive agreement with to acquire AIG Systems Solutions (AIGSS), part of US-based American International Group Inc. AIGSS is...
MphasiS to buy AIG Systems
IT services provider MphasiS Ltd said it has agreed to buy 100 per cent stake in AIG Systems Solutions Pvt Ltd for an undisclosed sum in an all-cash deal to strengthen its service offerings for the insurance sector. AIG...
L&T yet to make up its mind on Satyam stake sale
Although L&T had approached SEBI for a waiver from the lock-in period for selling its 6.9 per cent stake in Mahindra Satyam, the company has not yet received any answer, said Mr A.M. Naik, Chairman and Managing...
Tata Chem to buy out other Rallis India promoters
Tata Chemicals Ltd, a Tata group entity, plans to buy out the other promoters in group company Rallis India. Tata Chemicals has a 9.40 per cent stake in Rallis India as on June 30, 2009. In a communication to the stock...
Gujarat NRE may take over Rey
Gujarat NRE Minerals Ltd (GN M), Australian subsidiary of Gujarat NRE Coke, has received noobjection from the Australian Government for making an off-market takeover of Rey Resources Ltd, according to a company...
SAT stops Zenotech open offer
Japanese drug maker Daiichi Sankyo’s open offer that was to open tomorrow to mop up an additional 20 per cent of Zenotech Laboratories, Hyderabad, has hit yet another hurdle. This time, it is the Securities...
