daily

Is IFCI destined to remain single? Be it a stroke of luck or a jinx, the country’s oldest financial institution, IFCI, will remain single , thanks to all the failed efforts to find a suitor or a partner to merge...

BNP Paribas seeks Centre’s nod for Geojit open offer The French banking group BNP Paribas has approached the Union Government seeking regulatory clearance for its open offer to shareholders of Kerala-based broking...

Adarsh Plant gets LoI from Lewis for stake buy Adarsh Plant Protect Ltd has informed the BSE that the company has received the LOI from Lewis & Co., (Streatham) Ltd., for taking in stake to the extent of 4.50 per...

Gujarat Apollo to divest 49% in Johnson Screens Mehsana-based Gujarat Apollo Industries has decided to divest 49 per cent of its holding in Johnson Screens (India), a joint venture company with Johnson Screens Inc, USA...

Welspun buys 76% stake in Portuguese co Welspun India, global major in terry towel making, has acquired 76% stake in Portugal-based Sorema, Tapates e Cortinas de Banho, SA (Sorema) for Rs 60 crore. The acquisition will...

Saraswat Co-op buys Nashik bank Saraswat Co-operative Bank has acquired Nashik Peoples Co-operative Bank Ltd. Saraswat Bank had signed a memorandum of understanding with the Nashik Co-operative Bank to this effect in...

IFCI to sell stakes in 100 unlisted firms A day after cancelling the stake sale process, IFCI, the country’s oldest financial institution, today invited bids from merchant bankers to value and buy its shares in...

Intex scouts for jt venture partner IT peripherals and electronics firm Intex Technologies is on the look out for a joint venture partner to manufacture audio/video products and power electronics in India. “We...

Fursa Mauritius picks up 43% stake in Gayatri Starchkem Fursa Mauritius, an investment fund, has picked up a 42.63 per cent equity in the Hyderabad-based Gayatri Starchkem for Rs 18.5 crore. The fund, an arm of New York...

Jaguar-Land Rover suitor likely today Even as Christmas celebrations are in the air, expectations are rife in the UK that Friday could see the Tata Group being named as suitor to buy Ford’s high-profile Jaguar and...

Andrew Yule to spin off electrical and engineering biz As part of its revival package that has been approved by the Board for Industrial & Financial Reconstruction (BIFR), Andrew Yule & Co Ltd has decided to...

Kingfisher to merge with Air Deccan The boards of Deccan Aviation and Kingfisher Airlines on Wednesday unanimously decided to merge Kingfisher Airlines with Deccan Aviation. The merger will create the largest player in...