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Daimler inks JV pact with Munjals The venture will make light, medium and heavy duty trucks, initially targeted at the local mart Daimler Trucks, the commercial vehicles (CVs) subsidiary of German automobile giant...

Videocon hiving off energy biz into new company Videocon Industries is spinning off its myriad energy businesses—stretching from coal fields in Indonesia to oil and gas blocks in Brazil—into a separate...

HSBC open to taking over Indian banks HSBC, a leading foreign bank operating in India, is open to the idea of acquisitions subject to the regulatory regime and environment which would be in place in 2009 when the Indian...

INOX Leisure – Updates on Scheme of Amalgamation INOX Leisure Ltd has informed BSE that Prime Skyline Developers Pvt Ltd has filed a Petition under section 391 — 394 of Companies Act, 1956 for amalgamation...

Kalanithi Maran sells 2.79% stake in Sun TV for Rs 447 cr Kalanithi Maran, the promotor of Sun TV Network, has offloded 2.79 per cent stake in the company for over Rs 447 crore to nine foreign funds including the Soros...

Finolex, J-Power Systems of Japan forming jt venture Finolex Cables Ltd (FCL) has entered into a joint venture partnership with Japan-based J-Power Systems Corporation to manufacture extra high voltage cables at a new...

Praj forms jt venture with Brazil co Jaragua Biofuels technology company Praj Industries Ltd has formed a joint venture company in Brazil in association with Jaragua Equipamentos Industriais Ltda, a Brazilian...

Asian Hotels equity shareholders & creditors to approve Scheme of Arrangement & Demerger Asian Hotels Ltd has informed BSE that pursuant to the Order made by the Hon’ble High Court of Delhi at New Delhi...

Sundram Fasteners acquires Upasana Sundram Fasteners Ltd has acquired the entire equity share capital of Upasana Engineering Ltd, a step-down wholly owned subsidiary at cost from Sundram Fasteners Investments Ltd...

Atlanta unit buys Olympic Cinema for Rs 48.6 crore Construction firm Atlanta Ltd said its subsidiary, Shreenath Builders, bought Olympic Cinema in Rajasthan for Rs 48.6 crore. The company plans to construct a commercial...

Mallya to buy Dalmore US rights for $80 mn UB Group chairman Vijay Mallya is expected to pay $60-80 million to American spirits giant Jim Beam for acquiring the distribution rights of Dalmore Single Malt in the US...

Daimler, Hero Group in commercial vehicle JV Daimler Trucks, the commercial vehicle business unit of the German automobile giant Daimler AG, announced its joint venture agreement with the Munjal-promoted Hero Group to...