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Soros Fund picks up 5.8% stake in GAEL Soros Fund Management LLC has picked up a 5.8 per cent stake in Ahmedabad-based Gujarat Ambuja Exports (GAEL), which has a market capitalisation of Rs 1,000 crore. Besides the...

Intelenet buys Mauritius co; expands delivery footprint Intelenet Global Services has announced the acquisition of a company in Mauritius, which owns two companies — Upstream and Travelport ISO — all for a...

Bajajs make open offer for BEL pie at Rs 389 To consolidate promoters’ holdings, the Bajaj Brothers — Rahul, Shekhar, Madhur and Niraj — have made an voluntary open offer to acquire 12.10 lakh shares...

Mahindra to use weak dollar to buy US factories Anand G Mahindra, CEO of India’s $6 billion Mahindra Group, intends to use the weak US dollar to buy manufacturing plants in "bargain basement" America...

Reliance Entertainment in 50:50 JV with GWC Even before the ink has dried on the deal with Nitin Desai’s ND Studio, Anil Ambani’s Reliance Entertainment has sealed yet another 50:50 joint venture —...

3i Infotech – Acquisition of majority stake in Linear 3i Infotech Ltd has informed BSE that the Company has acquired a majority stake in M/s. Linear Financial & Management Systems Pvt Ltd (Linear), a Delhi...

S4 Ind buys Carlisle Publishing Chennai-based S4 Ind Software has acquired US-based Carlisle Publishing Services for $3.5 million. The newly formed company post-merger of S4 Ind and Carlisle, will be called S4Carlisle...

RINL keen to acquire Bird Group Rashtriya Ispat Nigam Ltd (RINL), the holding company of Visakhapatnam Steel Plant, has evinced interest to acquire the entire Bird Group of Companies, including Orissa Mining Development...

Twinings brews buyout plan to boost presence Twinings, makers of the world-renowned Twinings tea, the favourite beverage at Buckingham Palace and among British royal families for over 300 years, has drawn up aggressive...

Anil Ambani’s Hollywood dream takes shape Anil Ambani’s next big move in the entertainment industry has finally taken shape. After months of negotiation, the younger Ambani has sealed the deal with one of...

US firm buys out Shirke from JV US-based cranes manufacturer, Manitowoc Co Inc, has bought out the equity stake of the BG Shirke family in its joint venture Shirke Construction Equipment. The $2.9-billion Manitowoc has...

Hindalco targets S American mines Birla group firm aims to raise captive supplies for copper from 40% to 60%. Hindalco Industries, an Aditya Birla group company, is scouting for copper mines in Columbia, Peru and...