The Bombay High Court today dismissed an appeal filed by two shareholders against the merger of Reliance Industries (RIL) and Reliance Petroleum (RPL). Division Bench led by Justice Bilal Nazki today dismissed the...
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HCL Tech completes US data centre buy
HCL Technologies on Monday announced that it had completed the acquisition of a 35,000 sq ft data centre from a Fortune 500 organisation in New Jersey. The new data centre would help HCL expand its delivery footprint in...
Orient Global picks 22.5% in India Info arm for $77m
Orient Global picks 22.5% in India Info arm for $77m India Infoline has inked a $76.7 million equity deal by selling stake in its consumer finance subsidiary India Infoline Investment Services (IIIS) to Singapore-based...
Rane Engine equity shareholders to approve Scheme of Demerger, Merger & Amalgamation
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 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
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
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 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 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
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
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 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...
