daily

Tata Motors inks JV with Thai co Tata Motors has entered into a joint venture with Thonburi Automotive Assembly Plant, a Thailand-based independent assembler of automobiles to manufacture, assemble and market pickup...

UTV Software in talks to buy stake in Dhruva Interactive Mumbai-based UTV Software is in talks with Hyderabad-based gaming company Dhruva Interactive for acquiring a stake. This comes close on the heals of UTV...

Uma Precision readies for second Aussie buy Precision engineering components maker Uma Precision Ltd (UPL) has filed expressions of interest to acquire Australian company Ajax Fasteners. UPL had earlier acquired...

Aurobindo to merge two arms Aurobindo Pharma Ltd has informed the BSE that the company’s board has approved the merger of APL Life Sciences Ltd and Senor Organics, both being wholly owned subsidiaries of the...

Unichem Lab buys out entire stake in UK arm Unichem Laboratories Ltd has informed the BSE that it has acquired the balance 40 per cent stake in its subsidiary, Niche Generics Ltd. Prior to this acquisition, the company...

AI-Indian merger may cost Rs 300 cr The proposed mega merger of Air India and Indian would turn into a costly affair — with an estimated bill of Rs 300 crore — if the government does not provide tax breaks...

Shriram Overseas – Hon’ble High Court, Madras sanctions Scheme of Amalgamation Shriram Overseas Finance Ltd has informed BSE that the Hon’ble High Court of Judicature at Madras by its Order dated...

Reliance Comm dials banks for Hutch deal Reliance Communications (RCL) is believed to have initiated moves to strike exclusivity agreements with leading foreign banks as part of its efforts to buy 100% of Hutch-Essar...

VBC Industries equity shareholders approve Scheme of Amalgamation VBC Industries Ltd has informed BSE that Shareholders of the Company, in a Court Convened meeting held on December 16, 2006 approved the proposal for the...

India Inc sweetens offers for buys abroad When textile-maker Alok Textiles bought into $22 million Mileta, it left a good 40 per cent share with the existing shareholders, promising them a better valuation if Mileta...

No more small buyouts, says SBI chief State Bank of India, which just completed the deal for buying 76 per cent stake in a small bank in Indonesia for $5 million, will not go in for any more such tiny buyouts, the SBI...

Philippines firm to acquire Affinity Express The Filipinos have come. The Ayala Corp, a diversified conglomerate from the Philippines, with a market apitalisation of $11.5 billion, is believed to have acquired Affinity...