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 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...
Co-op bank to take inorganic growth path
Co-op bank to take inorganic growth path Shamrao Vithal Co-operative Bank (SVCB), a scheduled bank with branches in Karnataka, Maharastra and Goa, plans to take over four more cooperative banks in Karnataka and...
Baring picks up under 10% in Bhushan Power
Baring picks up under 10% in Bhushan Power Baring Private Equity Asia has picked up a minority stake in the Delhi-based unlisted company- Bhushan Power and Steel (BPSL). The private equity player has invested $33...
Tata, Fiat to invest Rs 4,000 cr in JV
Tata, Fiat to invest Rs 4,000 cr in JV Tata Motors and Fiat will invest over Rs 4,000 crore in a joint venture to make cars and engines and may expand it to produce trucks as well. The annual capacity will be more than...
UB group’s acquisitions to be funded through Trust
UB group’s acquisitions to be funded through Trust The UB Group has decided to fund most of its future acquisitions including the possible takeover of Whyte & Mackay through a trust consisting of treasury...
Petronet stake for Qatar: `Due diligence completed’
Petronet stake for Qatar: `Due diligence completed’ The consultants appointed by Qatar Investment Agency (QIA) is said to have completed the due diligence exercise for Qatar to buy stake in Petronet LNG Ltd (PLL)...
L&T Info to buy US-based GDA
L&T Info to buy US-based GDA Larsen & Toubro Infotech Ltd, a subsidiary of L&T, has signed a definitive agreement to acquire GDA Technologies, including all its design centres in the US and India. GDA, a...
CI OEN to sell automotive connector biz
CI OEN to sell automotive connector biz FCI OEN Connectors has decided to move out of automotive connector business. The board of directors has decided to sell its automotive connector business to FCI Technology...
Qantas accepts $8.7 billion takeover
Qantas accepts $8.7 billion takeover Australia’s Qantas Airways agreed on Thursday to a sweetened $8.7 billion buyout offer from a group led by Macquarie Bank Ltd. and private equity firm Texas Pacific Group in...
Aurobindo board okays merger
Aurobindo board okays merger Aurobindo Pharma has informed BSE that the board of directors of the company at its meeting held on December 15, 2006, has considered and approved a Scheme of Arrangement for the merger of...
L&T arm buys US electronic design services co
L&T arm buys US electronic design services co Larsen & Toubro Infotech Ltd, the software and services arm of Indian construction major Larsen & Toubro Ltd, said on Wednesday it had agreed to buy US-based GDA...
