Oil marketing companies get nod to buy stake in OIL State-owned oil marketing companies – Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation – have got their respective...
Tata Steel in JV with Aussie co for Mozambique project
Tata Steel in JV with Aussie co for Mozambique project Tata Steel on Friday signed a joint venture with Australia’s Riversdale Mining to develop a hard coking and thermal coal project in Mozambique, company...
India Pistons inks JV with German firm
India Pistons inks JV with German firm Auto component manufacturer India Pistons Ltd has entered into a 50:50 joint venture with German company Mahle GmbH to make pistons for advanced engine applications. Part of the Rs...
Sintex Industries acquires Nero Plastics
Sintex Industries acquires Nero Plastics Sintex Industries has acquired Nero Plastics Inc, a custom molder of low and medium volume structural plastic and composite components. The acquisition was made by downstream...
Shaw Wallace to merge with United Spirits
Shaw Wallace to merge with United Spirits Spirits maker Shaw Wallace & Co Ltd said on Thursday that its board had approved merging the company with group firm United Spirits Ltd. Shaw Wallace shareholders would get...
IFCI to sell about 20% stake to IFC
IFCI to sell about 20% stake to IFC Holding a carrot in front of potential strategic investors, the IFCI board has decided to bring in multilateral institution International Finance Corporation (IFC) as an investor...
Kumars eyes UK-based fashion firm
Kumars eyes UK-based fashion firm Textile firm S Kumars is learnt to be in advanced stage of negotiations to acquire a UK-based fashion outfit. The company is controlled by NRIs, said a source. The company supplies a...
Deccan may hive off aviation charter unit
Deccan may hive off aviation charter unit Deccan Aviation, in which Vijay Mallya’s UB group has picked up 46 per cent stake, may hive off its aviation chartering business into a separate entity. Deccan sources...
Kirloskar in talks for overseas buy
Kirloskar in talks for overseas buy The Kirloskar group, a leading pump manufacturing player, is in talks with a mid-size company overseas for acquisition. “Discussions with the company are in an advanced...
MindTree looking at mergers, acquisitions
MindTree looking at mergers, acquisitions IT and R&D services company MindTree Consulting is considering mergers and acquisitions in specialised R&D verticals it has added to its portfolio. Mr S. Janakiraman...
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United Spirits plans more acquisitions United Spirits will explore acquisition opportunities in 2008-09 (Apr-March), and focus on repaying loans that were taken for acquisitions in the current financial year that ends...
Quintegra reduces PAC buy value
Quintegra reduces PAC buy value Quintegra Solutions Ltd has brought down the cost of acquisition of PA Corporation (PAC), US, by Rs 50 crore to Rs 148 crore. This was done on renegotiations between the two companies. In...
