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Kingfisher-Deccan mix gets thumbs-up Consulting firm Accenture has recommended a merger of Kingfisher Airlines with Deccan Aviation in order to fully exploit the synergies between the two airlines, sources close to the...

Plans to demerge power, energy biz Expressing its interest to actively pursue expansion in the power and energy sectors, Videocon Industries today said it planned to create separate verticals for which it could rope in...

Sterlite-Morgan closes in on IFCI A consortium of Sterlite Industries and Morgan Stanley & Company has emerged as the front-runner to acquire 26% stake in the country’s oldest financial institution, IFCI. The...

Citigroup to acquire 10.5% in Jindal Drilling for Rs 156 cr Citigroup is picking up a 10.47% stake in Jindal Drilling & Industries for Rs 156.3 crore through a preferential allotment. The drilling arm of the Rs...

Calsoft fully acquires Inatech Software Company Ltd has acquired 49 per cent minority shareholding in Inatech Infosolutions for $6.17 million (Rs 25 crore). It had already acquired 51 per cent stake for Rs 15 crore in...

UBI to go for mid-sized acquisitions overseas State-run lender Union Bank of India plans to expand overseas operations through acquisitions but will adopt the organic growth model within the country, a top bank official...

SB&T Int’l to buy Mimansa Jewellery biz, brand SB&T International Ltd has informed the NSE that the board at its meeting on December 17 has decided to cancel the Amalgamation of Mimansa Jewellery Pvt Ltd...

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...

RCom completes takeover of Yipes Holdings Anil Ambani group company Reliance Communications today said it has completed the acquisition of US-based Yipes Holdings in an deal valued at around Rs 1,200 crore. The...