Larsen & Toubro today said it is yet to take any decision on selling its stake in Mahindra Satyam, but has approached the market regulator SEBI for waiver of a clause under the standstill agreement...
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Tata Steel looks to acquire mines for Corus
Tata Steel is scouting for coking coal and iron ore mines abroad, including in Brazil and Australia, to ensure raw material security for its European operations. "We are actively pursuing raw material interests in...
BHEL, Mahagenco to announce JV today
State-run Bharat Heavy Electricals (BHEL) will set up a joint venture with Maharashtra State Power Generation Company (Mahagenco) to set up supercritical thermal power plant with a maximum capacity of 1,500 MW at Latur...
Aegis completes acquisition of Australian BPO
Essar Group’s business process outsourcing unit Aegis today said it has successfully completed the acquisition of Australian BPO firm UCMS Group for (AUD 54 million) Rs 200 crore. In...
Idea Cellular Equity shareholders & Creditors to approve Scheme of Amalgamation
Idea Cellular Ltd has submitted to BSE the Notices of the Court Convened Meeting(s) of the Equity Shareholders, Secured Creditors and Unsecured Creditors of the Company scheduled to be held on September 04, 2009 for...
TTK Group getting ready to go shopping
Consumer appliances to healthcare company TTK Group is firming up plans to acquire a slew of food-processing units as well as expand its appliances portfolio. The group has also changed its plans to set up a shopping...
Aegis acquires Aussie BPO firm
Aegis, the back office firm promoted by the Essar group, said on Tuesday that it has completed the acquisition of Australia-based BPO firm UCMS Group for A$54 million (Rs 200 crore). Aegis has paid UCMS stockholders A$0...
SQL Star open offer
Superstar Exports Pvt Ltd, which is among the promoter group and has a holding of 32.53 per cent in SQL Star International, has announced an offer to public shareholders to acquire 20 per cent, or 74.30 lakh shares, at...
Taro demands $15/share for merger with Sun
Taro demands $15/share for merger with Sun Israeli drug major Taro Pharmaceutical, which is battling a hostile takeover bid, has demanded a 58 per cent premium, or $15 per share, in cash to effect a merger with Sun...
Daiichi to book $3.86 bn loss to buy Ranbaxy
Daiichi to book $3.86 bn loss to buy Ranbaxy Japanese drug major Daiichi Sankyo, which acquired 63.92 per cent stake in Ranbaxy for $4.6 billion (around Rs 23,000 crore), said that the transaction would result in a...
Sun raises offer 23% for Taro s residual stake
Sun raises offer 23% for Taro s residual stake Sun Pharmaceuticals raised its offer by as much as 23 per cent to buy the residual stake of Taro Pharmaceutical Industries in a bid to gain a controlling stake in the...
Future Capital rises on finance firm buy
Future Capital rises on finance firm buy Shares of Future Capital Holdings (FCH) jumped 10.7 per cent to Rs 208.25 after the company acquired 100 per cent stake in Black Diamond Finance, a non-banking financial services...
