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Rayban asked to make open offer The Supreme Court has directed Rayban Sun Optics and Luxottica group to make a public announcement of an open offer to the shareholders of RayBan Sun Optics India under the Sebi takeover...

Hutchison on Hutch-Essar: Talk only over $14bn As top bosses of Vodafone and Essar arrived here to negotiate a deal for acquiring Hutchison Telecom’s Indian business, its parent company has indicated it will not...

M&M, Tafe eye Actis’ 29% in Punjab Tractors Tractor companies Mahindra & Mahindra (M&M) and Tafe are interested in buying private equity fund Actis’ 29% stake in Punjab Tractors (PTL)...

Oracle gets low response for i-flex open offer Enterprise software leader Oracle has received a low response to its open offer for 2.83 crore shares of banking software firm i-flex Solutions as some shareholders have...

Sun TV equity shareholders to approve Scheme of Amalgamation & Arrangement Sun TV Ltd has informed BSE that pursuant to the Order of Hon’ble High Court of Judicature at Madras, a meeting of the equity...

Vodafone, Essar set for bid As top bosses of Vodafone and Essar arrived in Hong Kong to negotiate a deal for acquiring Hutchison Telecom’s Indian business, its parent company has indicated it will not consider any...

3i Infotech eyes cos with products in insurance With close to 19 acquisitions tucked in its belt, 3i Infotech (formerly ICICI Infotech) is now on the look out for acquiring companies with software products in life...

UB earmarks $1bn for overseas acquisition UB Group said it has earmarked $1 billion for overseas acquisition and did not deny plans for taking over Scottish whisky company Whyte & Mackey as part of its plans to...

Shri Lakshmi Cotsyn in JV with UK firm Shri Lakshmi Cotsyn has formed a joint venture (JV) company with UK-based Armet Armored Vehicles for manufacturing armoured vehicles and other safety and security related equipment...

Bharti may hive off telecom facilities Bharti Airtel is looking at hiving off its telecom infrastructure into four companies to attract strategic and financial investors. Telecom infrastructure includes physical...

M&M to acquire German forgings co Mahindra & Mahindra (M&M) has said that it has agreed to acquire 90.47 per cent stake in German forging company Schoneweiss & Co GmbH of Germany for an undisclosed...

Tata Steel gets EU approval to buy Corus The European Union on Friday cleared the proposed takeover of British steelmaker Corus Group PLC by India’s Tata Steel. The European Commission’s antitrust office...