daily

Calsoft hastens Inatech buy Chennai-based software developer Calsoft has signed a memorandum of understanding for the acquisition of the remaining 49 per cent stake in Inatech Infosolutions for $6.17 million. The...

Videocon to hive off businesses Videocon Industries Ltd announced on the BSE that the company plans to create separate verticals for its power, oil and natural resources businesses. “We will have different...

Tata arm to buy 10% in Steel Strips for Rs 213 cr Tata Steel’s investment arm, Kalimati Investment Company, is to invest Rs 213 crore to buy 10 per cent stake in Steel Strips Wheels . The Chandigarh-based...

KPMG India on prowl to buy HR outsourcing firm KPMG India, which recently started its human capital practice, plans to acquire a mid-sized specialised HR firm. The firm is scouting for targets with a strong presence in...

Deccan meet today on Kingfisher merger The board of Deccan Aviation, India’s largest budget carrier, will meet in Bangalore tomorrow to consider the merger with the UB Group’s Kingfisher Airlines, which...

Société Generale, Ambit join hands for M&A deals Société Générale Corporate & Investment Banking and Ambit, an independent Indian Investment Bank, signed a co-operation...

GSK eyeing dermatology, biotech buyouts GlaxoSmithKline Pharmaceuticals is keen on acquiring brands and has identified some targets. It is also all set to introduce two drugs, one each for cardio-vascular and critical...

Texmaco – Shareholders to approve Scheme of Amalgamation Texmaco Ltd has informed BSE that pursuant to the Order made by the Hon’ble High Court at Calcutta, a meeting of the equity shareholders & 6%...

Indian Oil sets aside $3 bn for overseas acquisition Indian Oil Corporation, the nation’s biggest refiner, may spend as much as $3 billion to buy an overseas oil producer to meet rising demand in the world’s...

Pricing wrinkles remain in IFCI deal The Sterlite-Morgan Stanley consortium, the highest bidder for the 26% stake in IFCI, may be formally named as the financial institution’s strategic partner on Wednesday, Vinod...

No open offer for Indian shareholders in Akzo Nobel’s ICI buyout Akzo Nobel’s acquisition of ICI would normally have triggered off a bonanza in the form of an open offer in India, for ICI India’s...

Sterlite-led combine contender for IFCI stake A consortium of Anil Agarwal-led Sterlite Industries and global financial services major Morgan Stanley has emerged as the frontrunner in the race to acquire a strategic 26%...