Indiabulls-MMTC promoted International Multi-Commodities Exchange is looking for another investor after the markets regulator FMC rejected the United Stock Exchange of India’s (USE’s) 10 per cent stake buy...
L&T seeks SEBI nod to exit Mahindra Satyam
Engineering and construction major Larsen and Toubro has sought the Securities and Exchange Board of India’s approval to sell its stake in IT services company Mahindra Satyam. L&T will be able to exit the...
GlobalLogic plans to buy R&D unit
GlobalLogic, a provider of software product development services, plans to acquire a Bangalore-based captive R&D unit of a US company this month. The target captive centre employs 40-50 professionals and focuses on...
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...
No obligation on Akzo Nobel for ICI India open offer: SEBI
No obligation on Akzo Nobel for ICI India open offer: SEBI The SEBI has ruled that Akzo Nobel need not come out with a mandatory open offer of 20 per cent to the public shareholders of ICI India after the Netherland...
ABG raises offer price for Great Offshore to Rs 520
The battle for Great Offshore has intensified with ABG Shipyard again hiking the offer price to Rs 520 a share after making a series of bulk and block purchases of Great Offshore stocks in the last few days. ABG...
L&T picks up 26% in Feedback Ventures
L&T picks up 26% in Feedback Ventures L&T has picked up 26 per cent equity in Feedback Ventures, a consulting firm in the infrastructure space, for Rs 40 crore. Meanwhile, DLF and Thapar Group, which earlier had...
Novopan drops amalgamation plan
Novopan Industries Ltd has decided to drop the proposal for amalgamation of Vertex Projects Ltd (erstwhile GVK Projects Ltd) along with its wholly owned subsidiary, GVK Aviations (P) Ltd (transferor companies) with...
Italian co to acquire 60% in Nicco unit
Italian co to acquire 60% in Nicco unit Italy’s Prysmian Group is poised to fork out a minimum of Rs 130 crore to acquire a majority 60% stake in Kolkata-based Nicco Corporation’s industrial cables business...
