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Rane Engine equity shareholders to approve Scheme of Demerger, Merger & Amalgamation Rane Engine Valves Ltd has informed BSE that pursuant to the Order made by the High Court of Judicature at Madras, a meeting of...

Rain Calcining merges with Rain Commodities Rain Commodities Ltd has merged Rain Calcining Ltd, while the cement business of Rain Industries is transferred to it, as per a scheme of amalgamation approved by the Andhra...

Philips to buy Genlyte for $2.7 bn Royal Philips Electronics will buy Genlyte Group for $2.7 billion, the world’s largest lighting maker said on Monday. Philips agreed to pay $95.50 in a management-agreed takeover...

Goldman Sachs picks up 4% stake in Man Industries US-based investment banking and securities firm Goldman Sachs has picked up a 4 per cent stake in Man Industries, a pipe manufacturing company, for Rs 15 crore. The...

JSW Steel equity & preference shareholders to approve Scheme of Amalgamation JSW Steel Ltd has informed BSE that pursuant to the Order made by the High Court of Judicature at Bombay, separate meeting of the equity...

Vatika sells 10% to 3 PE funds Vatika Group, a Delhi-based realty firm, has divested 10.75 per cent for raising $250 million (Rs 1,000 crore) as private equity investments from Wachovia Bank, Baer Capital and Goldman...

Prime Focus buys Post Logic Studios, Frantic Films VFX After snapping up post-production company VTR in London this year, Prime Focus group is stepping into Hollywood with the acquisition of Post Logic Studios and...

United Spirits outlines Shaw Wallace merger The board of United Spirits Ltd has formally approved the long expected merger of Shaw Wallace & Co with itself. The board which met on Wednesday evening has cleared a...

ONGC to embark on corporate revamp ONGC is stepping into another phase of corporate restructuring shortly. The aim is to establish a fast and an efficient decision making process, as suggested by McKinsey. Initiated a...

Indian cos need to gain market shares abroad’ Indian business will need to permanently secure access to market shares outside of India. This can be done only by acquiring brands and distribution networks...

Keventer buys Gujarat food units Keventer Agro, the Kolkata based Rs 400 crore foods company promoted by Mahendra Kumar Jalan, is looking for a foreign partner to develop export markets for milk-based products and other...

BPCL approves acquisition of 2.5% stake in OIL The board of Bharat Petroleum Corporation (BPCL) on Thursday approved the acquisition of 53.5 lakh shares or 2.5% of Oil India (OIL) from the govt of India in a pre-IPO...