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Sundram Fasteners – Acquisition of Equity Shares of UEL Sundram Fasteners Ltd has informed BSE about the following: 1. The Company has acquired 100% equity share capital of Upasana Engineering Ltd (UEL), a step...

Banks, FIIs buy 9% in GMR Infrastructure for $1 bn A clutch of domestic banks and foreign financial investors (FIIs) has picked up around 9% stake in GMR Infrastructure, the flagship company of the GMR group, for around...

SAIL plans to take over ailing Steel Complex State-owned steel major Steel Authority of India Ltd (SAIL) is looking at taking over the ailing Steel Complex Ltd (SCL), which is owned by the Kerala Government...

Tatas, REL & GMR bid for Singapore power company Three Indian majors — Tata Power Company (TPC), Reliance Energy and GMR Infrastructure — on Wednesday submitted non-binding bids for Tuas Power of...

Reliance Capital MF sheds 5% stake to Eton Park for Rs 501 cr Reliance Capital Ltd today announced that Eton Park, a global investment fund, has agreed to pick up five per cent equity stake in its 100-per cent...

Orient-Express snubs Tata, says Indian tag tacky Orient-Express Hotels has rejected the Tata group’s fresh overtures for an alliance with the company, delivering a setback to the Tatas’ ambitious plans of...

Videocon to bid afresh for Daewoo Consumer electronics heavyweight Videocon Industries is putting in a fresh bid early next week for acquiring Daewoo Electronics, the ailing Korean company. Creditors of Daewoo, who have...

Tata Steels forms joint venture in Ivory Coast for iron ore Tata Steel Ltd has announced that the company and SODEMI signed a joint venture agreement for Mount Nimba Iron Ore deposits in Ivory Coast, West Africa. Mr...

Govt, industry slam Orient Express` stand against Tatas The government and industry have expressed resentment over the way US luxury hotel chain Orient Express spurned Tatas’ offer for a strategic tie-up, stating...

Orient-Express turns down Indian Hotels proposal, again US-based hotel chain Orient-Express has turned down, for the second time, a proposal from Indian Hotels Company Ltd for a strategic alliance. This outright...

TV18-Infomedia deal: Co unlikely to revise offer price Television Eighteen, which operates the business channels CNBC TV18 and Awaaz (Hindi business channel) as well as a clutch of online portals such as www...

TV18 to take 53% stake in Infomedia India TV18 today announced that it would acquire 53 per cent stake in the publication company Infomedia India Ltd from an ICICI Venture managed fund, subject to regulatory clearances...