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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...

India Glycols buys Shakumbari Sugar India Glycols Ltd (IGL), a petrochemicals and specialty chemical player, has acquired a controlling stake of 96.56 per cent in Shakumbari Sugar & Allied Industries Limited...

FXLabs acquires US-based online gaming firm Hyderabad-based FXLabs has acquired 100 per cent of US-based Interactive Media Technology, a startup company that owns an online casual games portal, for $3 million (close to...

GAIL eyes JV route to set up pipeline, construction cos Public sector gas transportation major GAIL India plans to set up two new corporate entities — a pipeline manufacturing firm and a construction company. The...

Genpact completes Axis Risk acquisition BPO company Genpact today said it had completed the acquisition of Axis Risk Consulting Services, an independent India-based risk consulting firm that provides a wide range of...