3 Indian cos bid for Singapore power giant Three domestic power companies — Reliance Energy, Tata Power and GMR Infrastructure — have submitted indicative bids to acquire Singapore-government owned Tuas...
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Geothermal power on Bhilwara’s radar
Geothermal power on Bhilwara’s radar Bhilwara Energy is on a power drive. It’s firming up plans to set up 200-MW geothermal power plants in the country at an investment of around Rs 2,500 crore in the next 4...
Three investors line up for equity stake in GoAir
Three investors line up for equity stake in GoAir GoAir is believed to be mulling over bringing in a new equity partner from among three aspirants, including a leading Indian corporate and a global venture capitalist...
Oman firm buys 14.9% in Almondz
Oman firm buys 14.9% in Almondz Oman-based private equity firm Al Anwar Holdings SAOG is buying 14.99% stake in a financial services company, Almondz Global Securities (AGSL). The deal, at Rs 85 a share, through a...
Gateway Distriparks may buy logistics firms
Gateway Distriparks may buy logistics firms Gateway Distriparks, the shipping-logistics provider part owned by Temasek Holdings, may seek acquisitions as new entrants struggle to achieve the scale needed in the...
Tata Steel to hold 75% in JV for African mine
Tata Steel to hold 75% in JV for African mine Tata Steel will hold a 75 per cent stake in the joint venture company set up for developing Mount Nimba, the iron ore deposit in Ivory Coast (West Africa), entailing a total...
Hero Motors forms jt venture with Kiriu Corp of Japan
Hero Motors forms jt venture with Kiriu Corp of Japan Hero Motors Ltd, part of the Hero Group, on Wednesday entered into a joint venture with Kiriu Corporation, Japan.The joint venture company, Munjal Kiriu Industries...
US fund to pay Rs 501 cr for 5% in Rel Cap
US fund to pay Rs 501 cr for 5% in Rel Cap Eton Park, a US-based hedge fund managing over $10 billion worldwide, is buying a 5% stake in Reliance Capital Asset Management for Rs 501 crore. This values the mutual fund at...
Mico integrates Indian subsidiaries with global biz
Mico integrates Indian subsidiaries with global biz Auto parts’ maker Bosch has reorganised all its subsidiaries in India to integrate them with its global businesses. In another development, most of Mico plants...
Steel Ministry proposes 8.38% NMDC stake sale
The Government has taken an important step towards disinvestment of an 8.38 per cent equity stake in the iron ore producer NMDC with the Steel Ministry recommending the stake sale to the Department of Disinvestment in...
Volvo, Eicher set up CV venture
Volvo, Eicher set up CV venture Sweden-based Volvo AB and Delhi-based Eicher Motors today announced a joint venture in India, the fifth biggest commercial vehicles market in the world, which will take on leaders Tata...
Essar Steel to acquire Shree Precoated
Essar Steel entered into a definite business transfer agreement on Monday to acquire Pune-based Shree Precoated Steels (SPS) for an undisclosed sum. Mr J. Mehra, Chief Executive Officer, Essar Steel, said at a press...
